Transactional Financial Products Underwriter - Executive Liability Division at American Family Insurance Group

Schaumburg, Illinois, United States

Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Property & CasualtyIndustries

Bachelor’s degree in Finance, Accounting, Economics, or a related field or equivalent experience (preferred)
1-3 years of Underwriting experience in financial products or related disciplines (preferred); prior insurance experience not required
Performs work under moderate supervision and technical direction
Implements, communicates, and monitors compliance with company guidelines, policies, systems, underwriting processes, procedures, legislative, regulatory, and market conduct issues
Works with authority on assignments of low to moderate technical complexity
Develops knowledge of changes in regulations, industry trends, and product developments
Ability to balance speed and accuracy in a high-volume, transactional environment
Strong interpersonal, communication, and problem-solving skills
Foundational analytical skills with the ability to use data to inform decisions
Occasional travel required

Underwrites and services existing small to mid-size financial product accounts
Prices business in alignment with company guidelines and profitability targets; determines terms including limits, deductibles, coverage options, and conditions
Analyzes submissions, financial statements, and underwriting surveys to assess risk and structure transactions
Recommends actions on risks exceeding authority
Maintains and monitors accounts using underwriting systems and tools
Ensures compliance with underwriting rules, rating manuals, and applicable regulations
Assists in providing production support to field teams, including marketing and underwriting calls with producers and insureds
Builds and maintains effective relationships with internal and external stakeholders to drive retention and growth
Performs other duties as assigned