Senior Contingency Underwriter

Role Description

We're seeking an experienced Contingency Underwriter to join our team, working within authority limits on complex and high-value assignments. This role requires solid technical expertise, self-directed judgment, and strong relationship-building skills. As a key contributor to our business growth and profitability, you'll be responsible for underwriting business in line with our business plan, managing risks, and identifying new opportunities.

Key Responsibilities

• Underwriting & Risk Analysis
  • Underwrite, manage, and service a renewal book, producing new business in accordance with business unit goals.
  • Develop and manage underwriting strategies for complex accounts and targets within your portfolio of accounts.
  • Exercise discretion and self-directed judgment in analyzing and evaluating risk, participating in roundtable discussions on risk assessment, and providing mentorship and leadership to peers.
  • Identify and drive new product development opportunities effectively.
• Broker & Client Service
  • Build and enhance relationships with brokers and clients, identifying and establishing new distribution relationships.
  • Cultivate key broker relationships to maintain a steady stream of business within our underwriting appetite.
• Portfolio & Administrative Support
  • Maintain awareness of claims activity, supporting and providing input on settlement of claims.
  • Assist with the development and periodic review of the portfolio written from all offices.
  • Support the business planning and forecasting process, monitoring financial exposure and premium income within outlined limits and territories by class of business.
• Compliance
  • Ensure all underwriting activities comply with company underwriting guidelines, regulatory requirements, and internal policies.
  • Maintain accurate records and documentation in accordance with company standards.
• Professional Development
  • Participate in and/or provide training opportunities to expand technical underwriting knowledge.
  • Refine expertise in contingency products, policy forms, and underwriting best practices.
  • Progress toward increased underwriting authority through demonstrated technical proficiency and sound judgment.

Qualifications

• 10-15 years of experience in underwriting or contingency insurance broking, with a focus on complex and high-value risks (experience may vary based on specific industry or company needs).
• Bachelor’s degree or equivalent experience.
• Strong technical expertise with the ability to analyze and evaluate risk.
• Proficiency with Microsoft Outlook, Word, and Excel.
• Experience using carrier rating systems, broker portals, or agency management systems is a plus.

Requirements

• Excellent relationship-building skills, with the ability to build and maintain strong partnerships with brokers and clients.
• Strong business development skills, with the ability to identify and drive new opportunities.
• Ability to work independently, exercising discretion and self-directed judgment.
• Strong communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teams.
• Sports Interest: An interest in many sports would be beneficial, particularly in understanding Contractual Bonus and Prize Indemnity risks.

Benefits

• 18 - 23 days paid time off per year
• 11 paid holidays
• Health, dental and vision insurance plan
• Short-term disability insurance
• Long-term disability insurance
• Basic term life and accidental death and dismemberment insurance
• A 401(k) plan which includes an employer match
• Voluntary Life Insurance is also available

Target Compensation

$200,000 - $250,000. Total compensation (base salary & any applicable bonus plan) for this role will depend on several factors including relevant experience, credentials, skills, geographical location, and knowledge pertaining to this role and industry.