Senior Underwriting Specialist (Northern VA or MD) at American Family Insurance Group

Manassas, Virginia, United States

Apply Now

Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Bachelor’s Degree in Business, Economics, Risk Management and Insurance, or a related field or equivalent experience
Generally, a minimum of 5 years of experience in Underwriting or a related field
Continuing progress toward and/or the completion of a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS), or Associate of Risk Management (ARM)
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 occasional travel

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

Skills

Key technologies and capabilities for this role

UnderwritingRisk AssessmentWorkers CompensationInsurance RegulationsLoss History AnalysisPolicy RenewalsRisk MitigationRegulatory ComplianceData AnalysisActuarial Collaboration

Questions & Answers

Common questions about this position

What is the work location or remote policy for this role?

The person hired for this position could work remotely in northern Virginia or Maryland.

What education and experience are required for this position?

A Bachelor’s Degree in Business, Economics, Risk Management and Insurance, or a related field (or equivalent experience) is required, along with generally a minimum of 5 years of experience in Underwriting or a related field.

What does the company culture emphasize?

The company values diversity, inclusion, and empowerment, combining a small-company entrepreneurial atmosphere with big-company expertise, and strives to provide constant growth and development.

What salary or compensation is offered for this role?

This information is not specified in the job description.

What makes a strong candidate for this Senior Underwriting Specialist role?

Candidates with a Bachelor’s degree in a relevant field, at least 5 years of underwriting experience, and skills in risk assessment, strategic partnerships, and compliance stand out, especially those with leadership potential in coaching staff.