Senior Underwriter - Private Management Liability

Senior Underwriter - Private Company Management Liability Private Company Liability Job Type: Full Time Hybrid:
Chicago or New York, this position requires a minimum of 3 days in the office to promote collaboration and interaction with onsite associates.

Salary Range: $100,000 - $170,000 and a bonus incentive

Job Overview

The Senior Underwriter is responsible for maintaining and growing a profitable portfolio within the knowledge of private management liability, public company D&O, financial institutions, fidelity-crime, or lawyers’ E&O lines of business and products in accordance with Old Republic Professional’s underwriting strategies and objectives. This role includes making recommendations on common coverage requests, clearly explaining key coverage offerings and wording to brokers, and demonstrating a deeper understanding of the industry, including trends, competition, market share, basic insurance accounting, and Old Republic Professional (ORPRO) results.

This position is a visible and important role. The senior underwriter will work collaboratively with colleagues to develop business with key distribution partners throughout the United States. With the backing of an experienced and supportive team, the Senior Underwriter will be able to make an immediate impact.

Job Responsibilities

In addition to the duties and responsibilities of an Underwriter, the role of a Senior Underwriter includes the following:

• The ability to develop a solid pipeline of new business opportunities and successfully
• target new business.
• Actively participate in underwriting calls and meetings, cultivating relationships with insureds.
• Create innovative solutions and craft polices to fit specific client needs while maintaining a high level of underwriting integrity.
• Develop a higher understanding of the competitive landscape and use such knowledge to improve ORPROs access to more profitable business.
• Work independently to manage a book of business.
• Demonstrate a comprehensive understanding of underwriting appetite, recognize and understand nuances related to exceptions, and provide meaningful price recommendations based on risk and coverage.
• Lead relationships with individual brokers and assigned brokerage offices, independently developing and cultivating new business opportunities.
• Develop and formulate specific marketing plans within an assigned book or region identifying opportunities for portfolio growth and diversification.
• Collaborate with the team to maintain a profitable book of business while simultaneously seeking out new growth opportunities.
• Serve as a resource for newer Underwriters and Analysts, providing basic training when requested.
• Ability to review an Underwriter’s or Analyst’s checklists work for accuracy.

Adhere to ORPRO’s operational guidelines and codes of conduct.

Job Requirements

• 3-5 years’ experience in underwriting.
• A bachelor’s degree is required.
• Technical skills and a desire to analyze the business models, operations, financial statements, and industry trends of financial services companies.
• The ability to develop relationships with our highly valued distribution partners in their assigned territory and throughout the country.
• The ability to work both independently and as part of a team.
• The ability to handle multiple assignments with attention to detail and work under quick timelines.
• A sense of curiosity and a commitment to excellence and to superior customer service are essential.
• Strong analytical skills and technical skills are required, including the ability to understand complex coverage terms unique to financial services companies.
• A strong desire to market to a diverse retail and wholesale agency base and demonstrate professional verbal and written communication abilities.
• The ability to negotiate pricing, terms, and conditions, and evaluate complex multi-line deal structures for both private and publicly traded Financial Institutions is essential.

About Old Republic Professional

Old Republic Professional (ORPRO™), established in December 1983, is a subsidiary of Old Republic International Corporation (NYSE: ORI), one of the nation’s 50 largest shareholder-owned insurance businesses and a member of the…