Excess Casualty Underwriting Specialist (market facing)

Excess Casualty Underwriting Specialist (Market Facing)

We are excited to announce that the Excess Casualty Market team within IAT Insurance Group has an immediate opening for an Excess Casualty Wholesale Underwriter. Successful candidates will provide the right balance of speed to market coupled with coverage and pricing expertise on excess casualty when working with our wholesale partners. Priority consideration for individuals with a proven and profitable track record with wholesale brokers building a book of middle-market accounts (over $40,000) with low frequency and moderate severity exposures. We will consider candidates with significantly more than eight years' experience. This position can work from IAT's Office in the Midwest and Northeast. For the right candidate, other IAT locations, including remote, can be considered for highly qualified candidates. The hybrid schedule reflects our values (thinking and acting like an owner, collaboration, and teamwork) as it requires working from the office with colleagues and other disciplines Monday through Wednesday, with the option of working remotely on Thursday and Friday. Occasional travel is required. Preferred IAT locations include Cheshire, CT, Alpharetta, GA Naperville, IL, Rolling Meadows, IL, Norristown, PA, Newark, NJ, and Jersey City, NJ. The internal title for this role is Underwriting Specialist or Underwriting Director, depending on the experience, knowledge, and ability a candidate can demonstrate.

Responsibilities:

• Underwriting:
• Underwrite and produce profitable business within the authority granted and consistent with company goals.
• Maintain agency relationships, develop new relationships and recognize without bias any need to cease a relationship and contribute where possible to the amicable accomplishment, as necessary.
• Adheres to company underwriting guidelines, processes and tools, an individual grant of authority, and appropriate regulatory and compliance requirements in the risk analysis and underwriting decision-making process.
• Examines information such as insurance applications, websites, inspection reports, loss information, financial data and third-party data in evaluating and making appropriate risk/reward decisions.
• Communication:
• Effectively express information and ideas clearly through spoken, written and electronic means.
• Demonstrates and effectively communicates an understanding of products and services.
• Customer Service:
• Provide prompt & courteous responses to both internal & external customers.
• Actively engages with distribution to market our capabilities, benefits, and features, and identify new opportunities
• Focus on Goals:
• Effectively leverages metrics and data to improve territory performance.
• Understands market/industry issues, trends, and competitors.
• Perform other tasks as needed.

Qualifications: Must Have:

• Bachelor's degree and at least eight years of relevant experience or the equivalent
• Equivalent experience is considered twelve years of relevant commercial insurance experience.
• Knowledge of Excess and Surplus is required.
• Must possess the ability to appropriately apply loss development and advanced loss analysis concepts to achieve optimal pricing of risk.
• Must possess the ability to creatively utilize coverage features, deductibles, or reinsurance on individual risks to achieve company objectives.
• Agency Management is a must.
• Requires strong math aptitude, excellent verbal and written communication, interpersonal and negotiating skills.
• Must possess knowledge of various computer programs, internet-based programs, and PC literate in the use of spreadsheets.
• To qualify, all applicants must be authorized to work in the United States and must not require now or in the future, VISA sponsorship for employment purposes

Preferred to Have:

• Wholesale surplus lines experience
• CPCU, ARM, or AU industry designations
• INS21, 22, and 23 or equivalent is a plus
• Eight or more years of experience in commercial Insurance

Our Culture: IAT is the largest private, family-owned property and casualty insurer in the U.S. I nsurance A nswers T ogether is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers. It's about far more than being a workplace. At IAT, our fundamental belief is to create a culture where all employees are heard and have a sense of belonging. Inclusion and Diversity are not just initiatives, it's how we live. We're committed to driving and building an open and supportive culture. By embracing the uniqueness of our employees, investing in their development, listening to, and engaging their ideas, we are stronger as an organization. Our employees propel IAT forward driving innovation, stable partnerships and growth. That's why we continue to build an engaging workplace culture to attract and retain the best talent. We offer comprehensive benefits like:

• 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
• Healthcare and Wellness Programs
• Opportunity to earn performance-based bonuses
• 7% 401(k) Company Match and additional Discretionary Retirement Contribution
• College Loan Assistance Support Plan
• Educational Assistance Program
• Mentorship Program
• Dress for Your Day Policy

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.

Compensation: Please note, that the annual gross salary range associated with the Underwriting Specialist posting is $92,800 $146,800. This range represents the anticipated low and high end of the base salary for this position. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.

Compensation: Please note, that the annual gross salary range associated with the Underwriting Director posting is $106,400 $168,100. This range represents the anticipated low and high end of the base salary for this position. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.