Insurance Underwriter Job at Addison Group, Illinois

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  • Addison Group
  • Illinois

Job Description

Title: Insurance Underwriter

Location: Remote but must live in Washington State or Oregon

Salary: $60-80K

No sponsorship

Financial Products Underwriter

Essential Job Functions and Responsibilities

Underwrites and services existing small to mid-size financial product accounts. He has responsibility for risk selection/rejection, pricing, retention, and profitability within scope of authority and per divisional objectives.

○ Uses independent judgment and initiative to support business goals.

○ Maintains a high level of customer service.

Receives and analyzes submissions and determines terms to offer (policy limits, credit limits, deductibles,

coverage options and conditions, work programs, etc.).

○ Prices business in accordance with company guidelines.

May conduct investigations of new and existing accounts through business owners (banks, owners,

creditors, debtors, architects, engineers, criminal record checks, on-site visits, etc.)

○ Assesses risk quality and compliance within company guidelines and may initiate appropriate loss

prevention actions.

○ Orders and analyzes miscellaneous business reports needed in the rating and underwriting processes,

including credit checks, bank agreements, financial statements, and underwriting surveys.

○ Makes recommendations on risks over authority.

○ Enters, maintains, and monitors accounts using analysis system.

Develops and maintains effective business relationships with internal and external customers/coworkers to attract and retain profitable business.

Provides production support to field personnel through interacting with the producers/insureds, assisting in marketing calls, and participating in underwriting/production calls.

• Applies underwriting rules and guidelines, rating manual rules and insurance laws and regulations.

• Performs other duties as assigned.

Education: Bachelor’s Degree or equivalent experience.

Field of Study: Finance, Accounting, or related discipline

Experience: A minimum of 6 years of related experience. Progression toward certification in area of expertise preferred; appropriate certifications could include Associate in Surety and Fidelity Bonding (AFSB), Certified Public Accountant (CPA) and/or Registered Professional Liability Underwriter (RPLU).

Additional Job Description

Scope of Job: Performs work under moderate supervision and technical direction. Working knowledge of basic concepts, practices, procedures, and proficiency in using data processing equipment and systems. Works with assignments of moderate technical complexity.

Position may require day and overnight travel, 0% - 20% of time, to visit producers/insured.

Addison Group is an Equal Opportunity Employer. Addison Group provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. Addison Group complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. Reasonable accommodation is available for qualified individuals with disabilities, upon request.  

Job Tags

Local area, Remote job, Night shift,

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