Senior Underwriter

Company Details

As an elite Excess and Surplus Lines market, Nautilus Insurance Group offers commercial property and casualty insurance solutions to appointed wholesale surplus lines producers countrywide. We have specialized in providing these solutions for more than 35 years.

We have more flexible policy terms and premium rates on a non-admitted basis. Our focus is small to medium Property and Casualty risks on both an admitted and a non-admitted basis.

Our offerings are distributed through partnerships with appointed wholesale surplus lines producers. Our relationships are defined by mutual success, speed to market, customer-centric focus and an expanded appetite.

Coverage placed by Nautilus Insurance Group is provided by Nautilus Insurance Company and Great Divide Insurance Company, both W. R. Berkley Corporation members with A.M. Best (Superior) A+ XV ratings.

Benefit Highlights : 

• Paid Parental Leave! At Nautilus, we offer Childbirth Recovery Leave as well as Primary Caregiver Leave, for up to a maximum of 12 weeks of paid leave.
• Nautilus offers Medical, Dental, and Vision coverage options, along with Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) choices
• We help our employees feel secure by providing a 401(k) program, profit sharing, stock purchase plan, life insurance, and travel accident insurance options. 
• One of our core values is “Committed to Serve” and these aren’t idle words. We provide every employee one paid day off per year to volunteer at a local charity. That’s serving with a smile!
• We take risk management excellence and your professional growth seriously by offering Tuition Assistance and Industry-Related Education and Exam programs.
• Can you hear us now? Employees are eligible for special cell phone service discounts with Verizon and AT&T. We’ve got a plum position for you! We participate in the Plum Benefits program offering employees cost-free access to thousands of exclusive travel and entertainment discounts.
• Flexible work arrangements
• On site newly renovated fitness center - free to use for employees. Yoga and other classes available for a nominal fee.

Responsibilities

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 Undewriter's primary job functions include [1] developing a comprehensive knowledge of the company’s appetite in this product space and maintaining industry awareness in relation to opportunities and threats, [2] underwriting, including communicating appetite, rate, and underwriting information to agents, [3] overseeing renewal business and managing renewal underwriters to ensure consistent execution of underwriting strategy, and [4] 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.

#LI-Remote

Qualifications

• Bachelor's degree from four-year college or university; or 5+ years related insurance experience and/or training; or equivalent combination of education and experience.
• CPCU, IIA or other insurance related classes recommended.
• Excess and Surplus lines background is highly preferred.
• 3+ years experience underwriting casualty products at a senior level required.
• Excellent communication, presentation, interpersonal and leadership skills.
• Good understanding of the E&S business environment.
• The ability to effectively engage with leaders across the organization
• Applicable knowledge of budgets, forecasting, and metrics.
• Strong decision-making skills and responses to high-pressure situations.

Additional Company Details

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.