Senior Renewal Underwriter - Life Sciences (Hybrid or Remote)
$96k - $136kIntact Insurance Specialty Solutions
Our employees are at the heart of what we do: helping people, businesses and society prosper in good times and be resilient in bad times. When you join our team, you are bringing this purpose to life alongside a passionate community. Feel empowered to learn and grow while being valued for who you are. At Intact, we commit to supporting you in reaching your goals with tools, opportunities, and flexibility. It’s our promise to you. Who we are At Intact Insurance Specialty Solutions, we are experts at what we do in protecting what makes businesses unique. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that’s aligned to our targeted customer groups. Intact’s Global Specialty Lines business spans across more than 20 verticals in four distinct markets: U.S., Canada, UK and Europe. The following opportunity is for our U.S. team. The opportunity We currently have an opportunity for a Senior Renewal Underwriter to join our Life Science team based in our Blue Bell, PA office or remotely located in the East Coast. Under technical direction and within underwriting authority reviews complex risks to determine acceptance of an application. The Senior Underwriter determines selection or rejection of renewal business using underwriting rules and guidelines, manual rating rules and insurance laws and regulations. Analyzes quality and quantity of risks written and prepares reports accordingly. Monitors and evaluates results of assigned producers and assigned territory. Recommends and implements action plans for improvement of underwriting results for assigned producers and assigned territory. May act as a coach/mentor to newer or less-experienced underwriters and assistants. Some of the Senior Underwriter responsibilities include but are not limited to: * Manages a profitable book of business by evaluating results and conducting portfolio reviews for assigned territory and individual producers. Develops integrated pictures of factors that affect profitability, growth, retention and recommends, implements, and monitors necessary action plans. * Has underwriting responsibility for a book of renewal business. Examines, identifies, and evaluates exposures by analyzing documentation from various sources, such as the insurance application, internet searches, inspection reports, credit reports, etc. Makes underwriting decisions to accept, decline, or modify risks within assigned underwriting authority level in partnership with underwriting team. Executes underwriting strategy as determined by management, including portfolio management and self-audits. Implements underwriting decisions in compliance with state laws and company guidelines. * Develops superior working relationships with producers to successfully promote achievement of mutual operating goals (growth, retention, and profitability) and to supply the appropriate products and services. Determines and executes strategy for account management and agency planning. Works closely with other departments, including claims, actuary and risk control staff in an effort to better service producers and accounts. * Gathers and analyzes competitor and producer information including producers’ retention, profitability and potential, in support of pricing and appetite. Works with other underwriting staff to determine and make recommendations for marketing, pricing, products and systems. * Collaborates with team members to manage work inventories and all production activities to provide accurate and timely service in accordance with business unit standards. Processes underwriting decisions. Documents files and reports via automated desktop systems and tools. * Monitors agency action plans and participates in account management, agency planning and marketing meetings to best position the business for the future. May participate in industry events and/or committees. * Provides training and mentoring to less experienced underwriters and/or underwriting assistants. * Stays abreast of industry, territory and insurance trends. The expertise you bring
- Bachelor's degree
- Minimum of 3-5 years of Life Science underwriting experience
- CPCU, AINS preferred
- Comprehensive medical, dental and vision insurance with no waiting period
- Competitive paid time off programs
- 401(k) savings and annual contributions of up to 12% of annual salary
- Mental health support programs, life and disability insurance, paid parental
#LI-DNP
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