[Remote] Senior Underwriter, Midwest at Honeycomb Insurance

Midwest City, Oklahoma, United States

Honeycomb Insurance Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries

Requirements

  • 4+ years of underwriting/insurance experience
  • Bachelor’s degree or equivalent education/experience preferred
  • Retail agency relationship preferred
  • Curiosity, hardworking, self-accountable, positive attitude, humble and fun
  • Have an opinion, share your opinion and be open to other opinions
  • Passion to obtain, retain and employ knowledge – as well as share knowledge
  • Excellent verbal and written communication skills
  • Strong analytical skills and attention to detail
  • Must live in the Midwest, with a preference to Chicago, IL
  • If in Chicago, must be able to work Hybrid from our office at the Board of Trade 3x Weekly (Tuesdays - Thursdays)

Responsibilities

  • Quote and release new and renewal business that has been either referred from underwriting algorithm or seeking changes that exceed user authority thresholds
  • Analyze and approve requested policy changes
  • Maintain familiarity and compliance with state insurance regulations and ISO rules for all states within assigned underwriting territory
  • Maintain open, transparent and supportive communications with team members and interdivisional partners
  • Monitor portfolio composition via reports, audits and inspections
  • Support marketing functions and efforts to build and promote Honeycomb
  • Complete special projects and assignments
  • Some travel as deemed necessary (<20%)

Skills

Key technologies and capabilities for this role

UnderwritingRisk AssessmentAIData AnalysisPolicy AnalysisInsurance ComplianceCommercial Real Estate Insurance

Questions & Answers

Common questions about this position

What experience is required for the Senior Underwriter role?

Candidates need 4+ years of underwriting/insurance experience, a Bachelor’s degree or equivalent is preferred, and retail agency relationship experience is preferred.

What is the location or work arrangement for this position?

You must live in the Midwest, with a preference for Chicago, IL. If in Chicago, you must be able to work hybrid.

What personal qualities are they looking for in candidates?

They seek curiosity, hardworking, self-accountable individuals with a positive attitude, humility, fun spirit, willingness to share opinions openly, and passion for knowledge.

What is the company culture like at Honeycomb Insurance?

Honeycomb fosters innovation, a meaningful culture where employees feel connected to the mission and each other, with smart people challenging you daily; it offers personal and career growth through mentorship, training, and networking opportunities.

What makes a strong candidate for this Senior Underwriter position?

Strong candidates have 4+ years of underwriting experience, strong analytical and communication skills, retail agency relationships, and embody traits like curiosity, accountability, and a passion for knowledge sharing.

Honeycomb Insurance

Real estate insurance for property owners

About Honeycomb Insurance

Honeycomb Insurance simplifies real estate insurance for condo associations, homeowners associations (HOAs), building owners, property managers, and developers. The company provides instant quotes and cost savings of up to 40% by using advanced technology and expert advice. Unlike competitors, Honeycomb focuses on a people-centered, tech-driven approach that streamlines the insurance process. Its goal is to make real estate insurance more efficient and accessible for a diverse range of clients.

Chicago, IllinoisHeadquarters
2019Year Founded
$53.2MTotal Funding
SERIES_BCompany Stage
AI & Machine Learning, Financial ServicesIndustries
51-200Employees

Benefits

Health Insurance
Stock Options
401(k) Retirement Plan
Unlimited Paid Time Off
Paid Holidays

Risks

Increased competition from other AI-driven insurtech firms could erode market share.
Regulatory challenges may arise as Honeycomb expands into new states.
Cybersecurity threats could compromise Honeycomb's technology and client data.

Differentiation

Honeycomb offers instant online condo building master policies, a unique market proposition.
The company uses AI to bypass traditional property inspections, enhancing efficiency.
Honeycomb's tech-driven model provides up to 40% cost savings for clients.

Upsides

Recent $36M Series B funding supports expansion and AI innovation.
Operating in 16 states, Honeycomb plans to triple insured assets next year.
AI-driven underwriting reduces costs and improves risk assessment accuracy.

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