Senior Underwriter, Management Liability

We are excited to announce that the Management Liability team within IAT Insurance Group has an immediate opening for a Senior Underwriter. This position will partner with wholesalers, to grow a profitable private, not-for-profit management liability book. The ideal candidate will have at least five years of private, not-for-profit management liability underwriting experience. We will consider candidates with less experience and significantly more experience.

What job title is awarded will based on the knowledge and ability demonstrated during throughout the selection process. This position can work from IAT’s Naperville, IL or Rolling Meadows, IL office location. Other IAT locations, including remote, can be considered for the right candidate. The hybrid schedule requires working from the office Monday through Wednesday, with the option of working remotely on Thursday and Friday.

Up to 25% travel is required.

• Review and analyze underwriting files, using judgement and experience as primary criteria, to accept new business or continue renewals within the established authority level.
• Review and analyze all documents within or associated with the underwriting file to establish accuracy in identification and minimizing the risk of exposure, utilizing change requests, claim information, loss control, and outside databases to identify changes in exposure to risk.
• Read, evaluate, and interpret contracts and policies to determine exposures providing guidance and clarification to others consistent with experience.
• Provide clarification and verification of coverage to the team members consistent with experience.
• Market to assigned distributors to achieve acceptable new business flow.
• Perform other tasks as needed.

• Bachelor’s degree in Risk Management, Finance, Business, or similar degree and at least five years of Management Lability insurance experience.
• Able to demonstrate advanced underwriting experience and knowledge of the Management Liability Industry.
• Must possess strong analytical skills and have advanced knowledge and understanding of financial statements.
• Must be able to travel up to 25%.
• Must possess the ability to appropriately apply loss development and advanced loss analysis concepts to achieve optimal pricing of a risk.
• Must possess the ability to creatively utilize coverage features, deductibles, or terms and conditions on individual risks to achieve company objectives.
• Requires strong math aptitude, excellent verbal and written communication, interpersonal and negotiating skills.
• Must possess knowledge of various computer programs, internet-based programs, and PC literate in the use of spreadsheets.
• To qualify, applicants must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes.

• CPCU, ARM, or AU industry designations preferred.

Please note, that the annual gross salary range associated with this posting is $63,270 to $137,880.

The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.

• 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
• 7% 401(k) Company Match and additional Profit Sharing
• Hybrid work environment
• Numerous training and development opportunities to assist you in furthering your career
• Healthcare and Wellness Programs
• Opportunity to earn performance-based bonuses
• College Loan Assistance
• Support Plan
• Educational Assistance Program
• Mentorship Program
• Dress for Your Day Policy

IAT Insurance Group is the largest private, family-owned property and casualty insurer in the U.S. Insurance Answers Together® is how we define IAT, in letter and in spirit.

We work together to provide solutions for people and businesses.

We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.

At IAT, we’re committed to driving and building an open and supportive culture for all.

Our employees propel IAT forward – driving innovation, stable partnerships and growth. That’s why we continue to build an engaging workplace culture to attract and retain the best talent.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

We maintain a drug-free workplace and participate in E-Verify.