Senior Underwriter-Remote in New York, New York at Aegis General Insurance Agency

Senior Underwriter - Aegis Executive Risks

Aegis Executive Risks, a subsidiary of K2 Insurance Services, LLC, an exclusive underwriting manager of customized management liability products for private and nonprofit entities, seeks a full-time Senior Underwriter to join its team remotely.

Aegis Executive Risks offers the opportunity to join an established company in growth mode. Our compensation program includes competitive pay; bonus plan; medical, dental, and vision insurance; paid time-off in year of hire; and 401(k) with employer match.

Salary Range: 100,000-120,000 USD per year

Responsibilities:

• Works with Lead Underwriter to oversee production, underwriting, and profitability of book of business (new business and renewals) as to meet or exceed annual production and profitability targets;
• Accountable for reviewing assigned new business submissions to verify that the risk qualifies, that all required underwriting documentation has been obtained, and that appropriate pricing has been determined;
• Ability to analyze loss runs and calculate loss ratios. This skill set needs to be used when underwriting and quoting new business and renewals;
• Will prepare referrals on accounts outside of their authority and send to Lead Underwriter for review and approval for release or submission to Company; May handle direct referrals to Company, particularly as tenure is attained.
• Achieve new business hit ratio and renewal retention goals;
• Assist in technical training to new underwriting team members to ensure that all risks conform to AER underwriting guidelines and file documentation requirements;
• Coordinate with UW Support to issue error free policies and endorsements. Review and analyze complex policies.
• Participate in new business development in accordance with the Program’s business plan;
• Establish and maintain strong relationships with assigned production sources to ensure client retention and foster strategic alliances;
• Continue establishing strong Carrier relationships to ensure their confidence in your underwriting skills;
• Begin working with Lead Underwriter to participate in enhancing AER’s profile, including participating in broker marketing calls;
• Meet performance standards for response time, quoting, binding, issuance, endorsements, and other underwriting level responsibilities;
• Work toward becoming a subject matter expert regarding primary and excess private/nonprofit entity coverage and emerging issues in the management liability space.

Qualifications:

• Excellent written, verbal, and interpersonal skills;
• Strong analytical skills;
• Solid computer skills and ability to independently use Microsoft Office Products;
• Strong negotiation skills combined with the ability to close new business opportunities;
• Flexibility for 0%-20% business travel;

Experience / Education:

• 2 or more years experience underwriting management liability (D&O) insurance;
• Bachelor’s Degree, in Business, a related field, or equivalent education preferred;
• CPCU or ARM designation a plus;
• Specialty lines (D&O/E&O) insurance broking experience a plus;