Loan underwriter Jobs in Chicago, IL

Underwriter

To underwrite profitable new and renewal business opportunities in Encore Fiduciary's fiduciary and management liability underwriting departments by:

• Servicing the renewal book, producing new business, underwriting, and account management of management liability, fiduciary liability, miscellaneous professional liability, and other professional liability accounts
• Building relationships with brokers and clients to meet/exceed divisional growth goals.
• Exercising discretion and independent judgment in the analysis and evaluation of the risk.
• Making independent sales calls to market and cross-market products.
• Negotiating with brokers within the limits of delegated authority in accordance with established underwriting standards to achieve profitable objective.

Key responsibilities include:

• Underwriting new and renewal submissions with an emphasis on risk analysis, coverage and price.
• Reviewing expiration/renewal lists with the Underwriting Technician and identifying accounts to be non-renewed.
• Developing expertise in fiduciary liability insurance for multiemployer, governmental and for-profit plan sponsors.
• Reviewing loss runs from insurance carriers and risks for frequency or severity of claims.
• Researching underwriting issues and marketplace conditions and reporting to underwriting and marketing team to maintain competitive edge and industry awareness.
• Fostering producer relationships by actively making marketing telephone calls and on occasion accompanying the marketing team for an office visit.
• Researching and resolving underwriting issues with manager or insurance company on a per account basis.
• Adhering to departmental agreed upon turnaround/servicing standards for all facets of underwriting.
• Maintaining a solid working relationship with insurance carrier and agents/brokers.
• Demonstrating the ability to articulate coverage differences and company stances to brokers.
• Developing comprehensive referrals for the management team to review or for carrier approval.
• Performing other duties and projects as assigned by management.

Qualifications include:

• College degree and/or professional designation preferred.
• Minimum 2-7 years' experience underwriting management liability and/or professional liability insurance lines specifically Fiduciary, D&O, EPL, Cyber, Crime, Investment Advisors and/or E&O insurance.
• Established/existing relationships with retail or wholesale brokers that specialize in management liability insurance.
• Experience underwriting private companies preferred.
• Ability to function well in a team as well as with people from all levels of the industry, internally and externally.
• Excellent written and oral communication skills.
• Detail oriented with strong mathematical skills.
• Self-motivator; ability to take initiative; possesses drive.
• Ability to present oneself in a professional manner.
• Customer service oriented.
• Ability to work independently and with minimal supervision.
• Ability to handle multiple tasks in a fast-paced environment.
• Ability to perform well under pressure.
• Ability to operate a computer proficiently using a Windows environment.

Work location: New York, Chicago, Los Angeles

The expected salary range for this position is $125,000 to $150,000 and will be impacted by factors such as the successful candidate's skills, experience and working location, as well as the specific position's business line, scope and level. HUB International is proud to offer comprehensive benefit and total compensation packages which could include health/dental/vision/life/disability insurance, FSA, HSA and 401(k) accounts, paid-time-off benefits, and eligible bonuses, equity and commissions for some positions.

HUB International Limited is an equal opportunity employer that does not discriminate on the basis of race/ethnicity, national origin, religion, age, color, sex, sexual orientation, gender identity, disability or veteran's status, or any other characteristic protected by local, state or federal laws, rules or regulations.