D&O Financial Institutions Underwriter

About the Role

This position is for a D&O Financial Institutions Underwriter within the Executive Liability Division, which underwrites Directors’ and Officers’ Liability Insurance, Employment Practices Liability Insurance, and Fiduciary Liability Insurance for public, private, and not-for-profit companies. The role involves marketing, underwriting, and producing profitable business for new and renewal accounts. The position is located in the Schaumburg, IL office, with an expectation of being on-site four days a week and one day remotely.

Key Responsibilities

• Responsible for evaluating, underwriting, and pricing an assigned book of business within authority guidelines.
• Perform risk selection/rejection, retention, growth, and profitability within scope of authority and divisional objectives.
• Conduct financial statement analysis of prospective risks and make recommendations on pricing and terms consistent with underwriting guidelines.
• Service complex multi-line risks.
• Communicate directly with Brokers to develop and maintain strong relationships.
• Conduct marketing visits out of state.
• Promptly issue quotes, policies, and endorsements.
• Understand, compare, and contrast policy language between internal and competitor forms.
• Perform additional duties as assigned.

Requirements & Tech Stack

• Organizational skills and the ability to establish priorities and meet deadlines.
• Strong verbal and written communication skills.
• Ability to travel as needed.
• Ability to work autonomously.

Qualifications

• Generally, 0 to 5 years of insurance, banking, financial institution, or related experience.
• Bachelor’s degree required, with a focus in Finance, Accounting, or other Business-related field.

Compensation & Benefits

• Salary Range: $75,000.00 - $100,000.00
• Benefits are offered for full-time and part-time employees.
• Full-time benefits include: medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement.
• Full-time and eligible part-time employees also receive: Paid Time Off, paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.
• Compensation varies by role, level, and location and is influenced by skills, experience, and business needs.