Senior Underwriter - Healthcare - CapSpecialty
Hartford, CT 06103
About the Job
Senior Underwriter - Healthcare
This is a hybrid position requiring three days in office at either our Hartford, CT, Chicago, IL, Short Hills, NJ, New York, NY or Middleton, WI office location.
At CapSpecialty, we are a specialty underwriting company being driven by well-informed, entrepreneurial and proactive employees. Come join our exciting company where you can really make an impact, and each individual's unique skills and talents are recognized and valued. You will find an accessible leadership team that welcomes opinions and ideas. We owe much of our success to our collaborative environment and set of three guiding principles rooted in customer-centricity, employee excellence and corporate culture.
We offer competitive compensation and benefits packages – including an innovative open vacation plan, generous paid sick and parental leave, fully vested matching 401k, company-paid group term life insurance and short- & long-term disability plans, professional and educational growth opportunities, flexible and casual work environment, and recognition for exceptional performance. Please see our full list of Total Rewards here.
CapSpecialty is seeking a Senior Underwriter who; in addition to underwriting, building and nurturing a book of business with a dedicated network; provides an advanced level of underwriting analysis to their team. The risks and exposures evaluated are generally complex and require critical thinking and creative coverage solutions. The Senior Underwriter demonstrates excellent underwriting skills and a detailed knowledge of rates, forms, pricing strategies, terms, conditions and relationship development and management.
Duties/Responsibilities:
- Triage submissions, select appropriate risks and quote new business opportunities to meet production and profitability goals.
- Conduct thorough underwriting analysis and review of applications, loss runs, company websites and additional information required to prepare indications and formal quotes.
- Communicate decisions to our business partners and review referral items with manager on an as-needed basis.
- Underwrite, review and process renewal business as needed to support the in-force book after ensuring that renewal submission data is received and is complete; prepare renewal terms and conditions that are adequate for the risk and exposures.
- Manage and develop business partners within the product space, and evaluate business partners on a subjective and objective basis in order to ensure they are performing at an acceptable level.
- Assist business partners with inquiries regarding coverages, pricing, endorsements, and other account servicing matters.
- Work closely and collaboratively with Operations to continuously provide and improve efficiency and customer service.
Supervisory Responsibilities:
None. However, the individual may be asked to provide product knowledge, including training sessions, on an as-needed basis to colleagues. May provide indirect leadership to other members of the team.
Core Competencies:
- Knowledge of insurance contracts, basic accounting, risk management techniques, and state regulations. Strong analytical skills.
- Strong written and verbal communication skills.
- Ability to think clearly and quickly, work both independently and with others.
Education and Experience:
- Bachelor's Degree, or equivalent.
- 5+ years commercial underwriting experience working with wholesale and retail brokers.
- Healthcare underwriting experience preferred.
- Experience in assisting with the development of guidelines, forms, rates and applications.
- Completion or continuing work towards Certification in CIC, IIA, CPCU, or other programs approved by leadership.
Physical Demands:
- Prolonged periods of sitting at a desk and working on a computer.
- May be required to lift up to 15 lbs. at times.
- Customary business travel including air and car travel required, up to 10% of the time.
CapSpecialty is a leading provider of specialty insurance and bonds for small- to mid-sized businesses in the U.S., offering casualty, professional liability, surety and fidelity products in all 50 states and the District of Columbia. By working with select partners through a limited distribution model, CapSpecialty's creative, hard-working team provides personalized service and cultivates mutually successful partnerships to deliver positive results. CapSpecialty is an operating subsidiary of Berkshire Hathaway, and its carriers have an A ("Excellent") rating from A.M. Best, writing both admitted and non-admitted policies. For more information, please visit CapSpecialty.com.
Apply today!
Equal Employment Opportunity Employer
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