Senior Underwriting Specialist (Northern VA or MD)
Summit, Baltimore, MD, United States
Senior Underwriting Specialist (Northern VA or MD)
Apply to the Senior Underwriting Specialist role at Summit.
Summit is headquartered in Lakeland, Florida and operates offices and field associates in Baton Rouge, Louisiana and Gainesville, Georgia. The company offers a dynamic environment for growth and development.
Essential Job Functions And Responsibilities
Leads the evaluation and underwriting of new and renewal business, ensuring alignment with company underwriting guidelines and risk appetite.
Develops and implements advanced risk assessment models to make informed decisions on coverage, pricing, and terms.
Fosters strategic partnerships with actuaries, agents, brokers, and clients to obtain necessary information and provide guidance.
Procures and analyzes supplementary reports and screenings, such as motor vehicle reports, loss history reports, and external inspections, to support underwriting decisions.
Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.
Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation.
Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers.
Monitors and shares insights on industry trends, regulatory changes, and market conditions.
Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business.
Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes.
May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
Performs other duties as assigned.
Position requires frequent travel throughout Northern VA and MD.
Job Requirements
Education: Bachelor’s Degree in Business, Economics, Risk Management and Insurance, or a related field, or equivalent experience.
Experience: Generally, a minimum of 5 years of experience in underwriting or a related field. Continuing progress toward and/or completion of a professional designation preferred (e.g., AU, CPCU, CIC, INS, ARM).
Scope of Job/Qualifications: Performs work under general supervision and technical direction. Familiar with moderately complex concepts, practices and procedures. Works with authority on assignments of moderate technical complexity. Maintains strong knowledge of company policies and industry laws and regulations. Excellent interpersonal and communication skills. Demonstrates strong analytical skills with attention to detail. Strong negotiation and decision-making ability. Position requires frequent travel throughout Northern VA and MD.
Salary Range $111,280.00 - $158,820.00
Benefits We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave, adoption assistance, and a 401(k) plan with company match.
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Summit is headquartered in Lakeland, Florida and operates offices and field associates in Baton Rouge, Louisiana and Gainesville, Georgia. The company offers a dynamic environment for growth and development.
Essential Job Functions And Responsibilities
Leads the evaluation and underwriting of new and renewal business, ensuring alignment with company underwriting guidelines and risk appetite.
Develops and implements advanced risk assessment models to make informed decisions on coverage, pricing, and terms.
Fosters strategic partnerships with actuaries, agents, brokers, and clients to obtain necessary information and provide guidance.
Procures and analyzes supplementary reports and screenings, such as motor vehicle reports, loss history reports, and external inspections, to support underwriting decisions.
Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.
Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation.
Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers.
Monitors and shares insights on industry trends, regulatory changes, and market conditions.
Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business.
Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes.
May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
Performs other duties as assigned.
Position requires frequent travel throughout Northern VA and MD.
Job Requirements
Education: Bachelor’s Degree in Business, Economics, Risk Management and Insurance, or a related field, or equivalent experience.
Experience: Generally, a minimum of 5 years of experience in underwriting or a related field. Continuing progress toward and/or completion of a professional designation preferred (e.g., AU, CPCU, CIC, INS, ARM).
Scope of Job/Qualifications: Performs work under general supervision and technical direction. Familiar with moderately complex concepts, practices and procedures. Works with authority on assignments of moderate technical complexity. Maintains strong knowledge of company policies and industry laws and regulations. Excellent interpersonal and communication skills. Demonstrates strong analytical skills with attention to detail. Strong negotiation and decision-making ability. Position requires frequent travel throughout Northern VA and MD.
Salary Range $111,280.00 - $158,820.00
Benefits We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave, adoption assistance, and a 401(k) plan with company match.
#J-18808-Ljbffr