Senior Specialty Underwriter, Midwest

Senior Specialty Underwriter, Midwest

Position Overview

At Honeycomb, we are reshaping the future of insurance. We are a rapidly growing global startup, generously backed by top-tier investors and powered by an exceptional team. Dual-headquartered in Chicago and Tel Aviv, with offices across the U.S., we are reinventing the commercial real estate insurance industry. Honeycomb was ranked by Newsweek as one of “America’s Greatest Startup Workplaces” and by Calcalist as a “Top 50 Israel startup.”

We offer an environment of personal and career growth through mentorship, engaging project assignments, personalized training and development, and opportunities to expand your network.

Responsibilities

• Next-generation risk assessment: Utilize big data, AI, and curiosity to move beyond binary underwriting and revise risk selection.
• Modernized underwriting: Employ cutting-edge technology to accurately assess risk, price, and provide bespoke coverage/terms to profitably grow and manage a book of business.
• Market Shaping: Play a pivotal role in establishing and shaping our presence in the light-non-admitted market.
• New Business: Quote and release new light non-admitted business referred from underwriting algorithms or seeking changes exceeding user authority thresholds.
• Policy Endorsements: Analyze and approve requested policy changes, ensuring compliance with underwriting guidelines and regulatory requirements.
• Regulatory Compliance: Maintain familiarity and compliance with E&S state insurance regulations and ISO rules for all states within the assigned underwriting territory.
• Collaboration: Maintain open, transparent, and supportive communications with team members and interdivisional partners.
• Portfolio Monitoring: Monitor E&S portfolio composition via reports, audits, and inspections.
• Marketing Support: Support marketing functions and efforts to build and promote Honeycomb.
• Special Projects: Complete special projects and assignments as needed.
• Travel: Some travel may be required (<10%).

Requirements

• Experience: 5+ years of Habitational underwriting/insurance experience.
• Product Knowledge: Strong knowledge of habitational insurance products, coverages, and underwriting principles.
• Education: Bachelor’s degree or equivalent education/experience preferred.
• Relationships: Retail agency relationship preferred.
• Attributes: Curiosity, hardworking, self-accountable, positive attitude, humble, and fun.
• Collaboration: Have an opinion, share your opinion, and be open to other opinions.
• Learning: Passion to obtain, retain, and employ knowledge, as well as share knowledge.
• Communication: Excellent verbal and written communication skills.
• Analytical Skills: Strong analytical skills and attention to detail.
• Territory: Territory includes IL, MI, OH, IN, WI (soon to include MN).
• Location: Candidate should be located in the defined Midwest territory with a working understanding of the Midwest insurance landscape.

Benefits

• Base Salary: $100,000 - $125,000
• Variable Bonus: Paid Quarterly
• Health Benefits
• Employee Options Grant
• 401K
• Flexible Paid Time Off
• Paid National Holidays

Company Information

Honeycomb is a rapidly growing global startup, generously backed by top-tier investors and powered by an exceptional team of thinkers, builders, and problem-solvers. Dual-headquartered in Chicago and Tel Aviv (R&D center), and with 5 offices across the U.S., we are reinventing the commercial real estate insurance industry. With over $55B in insured assets, Honeycomb operates across 18 major states, covering 60% of the U.S. population and increasing its coverage.