New Job Opening: Executive Underwriter - Inland Marine in Itasca, IL

Job Description

Executive Underwriter - Inland Marine

Job Summary

Seeking a highly experienced and motivated Executive Underwriter - Inland Marine to join a dynamic team. This role is pivotal in driving underwriting excellence, portfolio quality, and business development within the Inland Marine sector. If you are a seasoned professional with a passion for underwriting and a proven track record in Inland Marine insurance, we encourage you to apply.

Compensation Package

• Salary Range: $150,000 - $180,000 annually

Responsibilities

Underwriting Excellence:

• Underwrite new business, renewals, and endorsement referrals to achieve financial targets for growth and profitability.


• Provide oversight and guidance to junior underwriting staff, ensuring compliance with corporate and regulatory requirements.


• Identify underwriting issues and recommend corrective actions to maintain underwriting discipline.

Business Development:

• Develop and nurture strong partnerships with agents to promote the company’s franchise and identify new business opportunities.


• Drive enhanced business opportunities across other lines of business and customer segments.


• Engage with customers on complex and high-profile accounts to improve yield and retention ratios.


• Collect market intelligence to advocate for product and service improvements.

Portfolio Management:

• Manage the portfolio for assigned territories, analyzing industry performance and recommending corrective actions as needed.


• Monitor underwriting results and implement strategies to improve profitability.


• Stay informed on industry trends, regulatory changes, and competitor activities.

Underwriting Development and Support:

• Coach and mentor underwriters on best practices and selling techniques.


• Analyze key metrics to uncover trends and drive profitable growth.


• Support profit improvement initiatives and contribute to the development of new product capabilities.

Qualifications/Requirements

• Bachelor’s degree or equivalent experience; professional designations preferred.


• Minimum of 10 years of Inland Marine underwriting experience across various classes of business.


• Strong expertise in underwriting, book management, marketing, and product development.


• Proven ability to coach and mentor underwriters while managing multiple priorities in a fast-paced environment.


• Exceptional communication skills, including face-to-face interactions, presentations, and written correspondence.


• Demonstrated ability to collaborate and influence across multiple organizational levels.


• High degree of business, insurance, and marketplace knowledge.


• Willingness to travel by plane or car as needed.

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