Casualty Underwriter

Insurance Placement Solutions has an immediate opening for a Casualty Underwriter to work in a hybrid capacity with our client in the Chicago, IL area. The casualty underwriter is responsible for the assigned commercial book of business. Works within specific limits of authority on assignments requiring significant technical complexity and coordination. Utilizes underwriting tools and guidelines, rating manual rules, and insurance laws and regulations.

Casualty Underwriter Responsibilities

• Work on accounts with varying complexity to rate, quote, and issue local Liability US policies for Foreign-based companies, independently evaluate the exposure, and calculate the premium.
• Provide effective and efficient account review and guidance to home office/producing offices.
• Build and maintain strong relationship with local brokers, clients, home office and producing offices as required. This includes data and risk information collection, and processing of new and renewal business.
• Attention to detail, timely and accurate issuance of contractual documentation
• Reviews applications and financial requirements for risks requiring complex underwriting skills. Determines acceptability of risk in accordance with company guidelines and standards. Determines appropriate pricing based on financial and competitive analysis in line with compliance requirements
• Prepares quotes and answers questions from agents, policyholders, home office/producing office, or other external contacts and escalates issues to management along with proposed solutions, as necessary. Negotiates with agents to reach positive and profitable outcomes.
• Keeps current on state issues and regulations, industry activity, and trends, and freely share information with others.
• Maintains advanced functionality with regard to relevant systems to perform day-to-day activities
• Works with senior underwriters and management on risks exceeding authority level or requiring special handling.

Experience

• 3 – 5 years of experience in casualty underwriting
• Prior knowledge of general liability, umbrella, excess wording, and underwriting tools like ISO and IRMI, to take over and independently handle an established book of business

Education

• A high school diploma or equivalent

About Insurance Placement Solutions

IPS is an insurance staffing and recruiting firm dedicated to the insurance industry, including underwriting jobs in the Chicago, IL area. Our services are designed to be a resource for clients to gain access to high-caliber talent. Many of our clients do not have the dedicated manpower to quickly fill their temporary, temporary-to-hire, or direct-hire vacancies. That is where we come in. Our clients are able to utilize our services to maintain business as usual during unforeseen interruptions and fluctuating business needs. Plus, our candidates benefit from gaining backdoor access to highly sought-after positions with top companies in the industry.