Underwriting Manager

Posted 2 Days Ago
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Chicago, IL
95K-115K Annually
Senior level
Insurance • Financial Services
The Role
The Underwriting Manager leads an underwriting team, manages business relationships with brokers, and oversees underwriting processes to grow business profitability.
Summary Generated by Built In

About the role.

The Underwriting Manager is a key member of the underwriting team reporting to the Regional Underwriting Manager. The primary goal of this position is to profitably grow a book of business by actively partnering with broker partners, leading and developing a small underwriting team, and working effectively with colleagues throughout the organization. This person will assist the Regional Underwriting Manager helping plan and budget for the book of business, develop and maintain agency relationships, and execute underwriting decisions within their assigned territory. 

What you’ll do.

  • Business Management. Work closely with the Sales & Marketing Manager and Regional Underwriting Manager on planning and budgeting for the book of business, tracking and reporting performance to plan, and developing a clear view of market conditions and competitive landscape within assigned territory.
  • Underwriter Leadership. Lead a small team of Underwriters, handling referrals for authority and coaching and developing of direct reports within an assigned territory.
  • Underwriting Execution. Responsible for the territory’s new and renewal underwriting execution, including selecting risks in line with PURE’s strategy and underwriting guidelines, operating within authority and documentation guidelines and following up on accounts and closing new business. Conduct and report on quarterly self-audit.
  • Agency Partnership. Development, maintenance and management of agent partnerships within assigned territory; development of strategies and goals for agents and tracking of progress; and positioning PURE within an agency, including:
    • Deliver exceptional, timely, complete and accurate service to agents
    • Develop trusted, respected and lasting relationships with agent partners
    • Work with agents to craft best solutions for their clients
    • Share knowledge and best practices with agents
    • Underwrite empathetically at all times
  • Underwriting Referrals. Responsible for delivering excellent referral service to more junior Underwriters on the Underwriting team, and assisting the Regional Underwriting Manager in the development of their team.

What we’re looking for.

  • A Bachelor’s degree is required. Team Leader/management experience strongly preferred.
  • Demonstrated progression of increasing responsibility.
  • A minimum of 5 years of HNW underwriting experience is required with some marketing experience preferred.
  • Demonstrated solid problem solving skills.
  • Ability to demonstrate integrity, exhibit leadership skill and enthusiasm, and establish trust and credibility.
  • Demonstrated ability to form effective and productive working relationships with independent insurance agents.
  • Strong interpersonal, communication and negotiation skills.
  • Ability to effectively interact with all levels of internal and external business partners; including insurance Broker/Agents.
  • Experience developing and executing on marketing plans and prospects
  • Ability to be creative and adaptable in a changing business environment
  • Sound, balanced and timely decision making skills
  • Knowledge of Microsoft Office Suite as well as other business-related software

The base salary for this role can range from $95k - $115k, based on a full-time work schedule. An individual’s ultimate compensation will vary depending on job-related skills and experience, geographic location, alignment with market data, and equity among other team members with comparable experience.

Top Skills

Business-Related Software
Microsoft Office Suite
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The Company
Chicago, IL
1,098 Employees
On-site Workplace

What We Do

PURE is a specialty property and casualty insurer dedicated to helping a membership of responsible people protect high value homes, jewelry, artwork and other fine assets.

We opened for business more than 15 years ago with the goal of offering something different in the insurance space: a company focused on promoting transparency, alignment of interests and doing what’s right. Our focus helps to keep premiums fair and service astonishingly good.

After growing at least 15% year over year since inception, we are the most awarded insurer in our category, offering coverage in all 50 states. Today, our membership is made up of more than 100,000 financially successful individuals and families and continues to grow sustainably.

#LoveYourInsurance #JoinTheClub

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