Senior Underwriter - Chicago, IL - Velocity Risk

About Velocity Risk

By innovating the connection of risk and capital, Velocity Risk delivers specialty property insurance in catastrophe prone communities. Embracing Nature's volatility and turning problems into potential, we are transforming old insurance practices. Our uncommon approach to business creates uncommon careers where employees are empowered to flourish. Are you someone looking for a role that will challenge you to step outside your comfort zone? Are you looking to join an innovative, collaborative team environment that allows you to learn from others and grow in your career? If you, you are just the type of person that will fit into our distinctive culture.

About the role

As a Senior Underwriter, you are responsible for building a book of business, coaching and mentoring underwriters and underwriting assistants. The majority of this role will be spent analyzing and underwriting a $25-40M book of business for Commercial Lines which includes determining risk acceptability, pricing, underwriting guidelines, developing positive agency relationships within assigned territories, auditing underwriting files and accounts and improving on underwriting processes. In addition to the underwriting function of your role, you will serve as a front-line manager of Velocity, developing a team of Underwriters and Underwriter Trainees through proactive coaching and engagement in their daily performance to build their skills and proficiencies. You will partner with the department AVP's and Head of MMB to proactively solution and present new ideas for better underwriting framework and product offerings.

What you"ll do

The core responsibilities of this role are…

Underwriting a GWP $25-40M book of business

Assist the Head of MMB in overseeing the underwriting functions of MMB.

Partner with business units (Claims, Compliance, Operations) to prioritize projects, efficiencies and best practices for optimal underwriting and business performance.

Lead a team of underwriters and underwriting assistants.

Core Competencies:

You will thrive in this position if you have these core capabilities…

Underwriting knowledge – A strong foundational knowledge of best practices and underwriting strategy.

Results-driven and Autonomous – Self-motivated to succeed and drive the business to succeed.

Communication – able to communicate messages and goals clearly and effectively both downwards and upwards within the organization.

Decision Quality – able to make good decisions under pressure related to both underwriting and people.

Organized with a keen attention to detail – focused and attentive to correct data and pinpointing any inaccurate information quickly and efficiently.

Excellent Relationship Management – Build impactful and beneficial relationships with partners both internally within the team and externally in the market.

Multi-tasking – nimble and flexible with the ability to pivot between tasks and projects.

Leadership – Able to develop talent through empowerment and coaching and lives the values of Velocity.

Qualifications

Demonstrated Experience for success in this role…

Bachelor's degree or equivalent industry experience

7+ years of commercial insurance experience

Professional insurance designations a plus

Previous management and leadership experience

Velocity Risk provides equal opportunity to everyone, and we do not tolerate discrimination or harassment to anyone.

We strive to ensure our employees have the best experience possible! We provide comprehensive and competitive benefits packs for our full-time employees.

Medical, Dental, and Vision fully subsidized by Velocity

Health Savings Account with employer contributions

401k after 6 months of employment

Education and Certification Reimbursement and Bonus programs

Paid Time off and company Holidays with floating holidays for flexibility

Gym membership reimbursements

Volunteer rewards and give-back initiatives

In-office lunch provided

We are a hybrid team (2 days remote, 3 days in office).

Velocity Risk participates in E-Verify. https://e-verify.uscis.gov/web/media/resourcesContents/E-Verify_Participation_Poster.pdf

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