Senior Underwriter

Senior Underwriter

Nautilus Insurance, a W. R. Berkley company, is seeking a Senior Underwriter for their Light Brokerage Business. This position can be located in our Scottsdale, AZ headquarters or remotely for a highly qualified candidate.

The Senior Underwriter's primary job functions include developing a comprehensive knowledge of the company's appetite in this product space and maintaining industry awareness in relation to opportunities and threats, underwriting, including communicating appetite, rate, and underwriting information to agents, overseeing renewal business and managing renewal underwriters to ensure consistent execution of underwriting strategy, and supporting the underwriting process through training of new hires and development of associates.

• Underwrites select risks in accordance with company guidelines for acceptability and rate.
• Underwrites new business submissions, including evaluating risk characteristics, pricing, and coverage to ensure alignment with company appetite and profitability objectives.
• Assists other underwriters with submission review and quoting during periods of high volume to help manage workflow, maintain service standards, and support team productivity.
• Analyzes market conditions and provide suggestions for needed changes in forms, endorsements, and rates including opportunities for market or product expansion or enhancement.
• Collaborates with Contract Bind production underwriting teams along with Light Brokerage teammates to ensure proper placement of a risk and communicate market/agent trends and issues between divisions
• Corresponds or consults with agents, brokers, and other interested persons to determine feasibility and marketability of new products to meet competition and increase sales.
• Contributes to the development and maintenance of E-Guide, enhancements on web portal and other electronic products that may arise including notification of changes to internal and external customers.
• Provides guidance and support to less experienced team members within the department.
• Develops and implements, with the help of the Product Development team, new opportunities for product expansion to drive more profitable business to the portfolio
• Reviews industry publications and monitors pending legislation and regulations to determine impact of new developments on company insurance products.
• Proficient at creating manuscript policy language with the help of Forms and Legal teams.
• Oversees renewal book of business to ensure alignment with underwriting guidelines and profitability objectives.
• Provides guidance to renewal underwriters on pricing, risk selection, and coverage decisions.
• Monitors renewal retention, rate changes, and overall performance to identify trends and drive corrective action
• Partners with agents and brokers to negotiate renewal terms and retain desirable accounts.

The Company is an equal employment opportunity employer. We do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.