Underwriter

Posted 3 days ago

ismie mutual insurance companyOak Park (IL)

Insurance Underwriters Direct Property and Casualty Insurance Carriers

SENIORITY

Senior

SALARY

$110,000 and $150,000 per year

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About the role

Underwriter, ISMIE Mutual Insurance Company Location: Chicago – Fulltime About Us: ISMIE is a Chicago based national professional liability insurance company that provides insurance coverage for health care professionals, small health care facilities and other professionals.

About the Position: Company is seeking an Underwriter that is able to work in a fast-paced environment to underwrite new and renewal professional liability business.

Primary Responsibilities: This position will perform all required underwriting responsibilities and duties including the following:

Review new business submissions to determine acceptability and insurability and prepare premium quotations and proposals.· Review new business applications to determine insurability and develop appropriate premium and issue insurance binders to applicants, their employees or insurance representatives.
Review renewal applications, evaluates losses and loss ratio to determine appropriate premium and issue renewal terms to policyholders, their employees or insurance representatives.
Present quotations and/or proposals to policyholders, their employees or insurance representatives.
Maintain active contact with assigned accounts.
Research emerging underwriting issues to review alternative solutions and develop underwriting position papers.
Determine appropriate response to customer inquiries to assure maximum policyholder satisfaction and communicate response directly with policyholders, their employees or insurance representatives.
Assure optimal customer service is provided with each policyholder contact.
Represent and market ISMIE Mutual at Outreach presentations.
Maintain electronic/paper files for assigned accounts in good and businesslike condition.
Additional responsibilities as required.

Required Skills and Qualifications: Education Required for Position:· Desirable Qualifications and Experience Bachelor’s degree or equivalent work experience. Experience Required for Position:

Insurance underwriting or medical experience required. Specific Skills Required for Position:
Excellent oral and written communication skills required.
Strong analytical skills required.
Word processing skills required.
Excel skills and ability to create spreadsheets required.
Mathematical skills and use of calculator required.
Professional and service-oriented demeanor required.
Ability to work and cope in a high pressure and fast-paced environment required.
Ability to travel in Illinois (mostly day trips) required.
Experience in professional liability preferred.
INS, CPCU, RPLU preferred

Compensation and Benefits: The pay range is estimated to be between $110,000 and $150,000 per year for Chicago residents. *The Company has a robust benefit package. Coverage for benefits will be in accordance with the terms and conditions of the applicable plans, policies and associated governing plan documents. The benefit package includes the following:

401(k) Retirement Savings Plan
Medical Plan
Dental Plan
Vision Plan
Healthcare FSA Medical Reimbursement Account
Health Savings Account
Life and Accidental Death & Dismemberment Insurance Coverage
Supplemental Life Insurance Coverage
Short-term Disability Benefits
Long-term Disability Insurance Coverage
Commuter Benefit Plan
Legal Services Plan
Employee Assistance Program
Annual Allotments of Paid Sick, Personal and Vacation Time
Eight (8) Paid Holidays*Note: When defining the pay range for this position, several factors are evaluated and considered, including but not limited to experience, education, training, licensure, certifications, skill sets and other business needs. Geographic differentials that correlate with the location where the position may be filled have not been contemplated in the disclosed pay range estimate. Each case is analyzed thoroughly according to the factors noted. Equal Opportunity Statement:

ISMIE is an Equal Opportunity Employer committed to supporting a diverse and inclusive work environment that promotes respect for all individuals. ISMIE adheres to a policy of non-discrimination based on race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability gender identity, Veteran status, or any other protected status recognized by applicable laws and regulations.

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