Senior Underwriter
Company Details:
Vela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liability insurance solutions in the following four market segments.: Construction, Specialty Casualty, Velocity Smal Business & Professional Liability.We offer national service and local knowledge to our exclusive wholesale broker network and the businesses they serve.
Responsibilities:
To evaluate (selection and pricing) and maintain (control) risk acceptability and profitability within the company’s underwriting guidelines and procedures for commercial risks with a focus on non-admitted primary and excess Miscellaneous Professional Liability.Manage and maintain good Wholesale Broker relationships. Meet and maintain the production, profitability, and service standards established for the company. Assist in building appetite and risk selection guidelines for new classes of business to be added according to marketplace changes and opportunities.
This position will be responsible for working within the Midwest US and have broker partnerships in the Midwest.
- Adhere to underwriting authority level as per on file with Manager.
- Gather underwriting information to properly evaluate commercial risks for acceptability within company guidelines. Underwrite for profit.
- Meet/Exceed production, profitability, and service targets.
- Ability to research and solve more complicated problems and make decisions.
- Determine final coverages and pricing for commercial risks.
- Review claims and loss information on individual risks. Use this information to identify and re-evaluate accounts and develop strategy for dealing with exposures and frequency issues.
- As a team with the Manager, manage the portfolio profitability and identify favorable and unfavorable classes of business.
- Maintain quality and time standards as established.
- Be informed/knowledgeable of industry issues and activities through formal educational processes to develop underwriting skills.
- Identify and cultivate brokers with new business opportunities.
- Regular and predictable attendance.
- Perform other duties as assigned
Qualifications:
- Four (4) year College Degree, or commensurate experience and training.
- Minimum of 5 years’ commercial lines underwriting experience – specifically in Professional Lines MPL, TPL
- Strong experience in Excess & Surplus Lines and Wholesale Brokerage Distribution.
- RPLU, CPCU, ASLI, AU and other Professional designations preferred.
- Experience writing supported excess is preferred.
Vela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liability insurance solutions in the following four market segments.: Construction, Specialty Casualty, Velocity Smal Business & Professional Liability.
We offer national service and local knowledge to our exclusive wholesale broker network and the businesses they serve.
The Company is an equal employment opportunity employer.https://www.vela-ins.com/
Additional Requirements: We do not accept any unsolicited resumes from external recruiting firms.
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes:
Base Salary Range: $110,000 - $125,000.
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.
This role is eligible to participate in the annual discretionary bonus program.
Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.
Sponsorship Details: Sponsorship not Offered for this Role