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Aon · 2 days ago

Underwriting Professional I

Chicago, IL

Full-time

Hybrid

Entry Level

$70K/yr - $80K/yr

5+ years exp

Aon is a leading general underwriter that provides insurance coverage for residential and commercial mortgage lenders. The Underwriting Professional I is responsible for reviewing and evaluating insurance applications to determine risk and appropriate premiums, while also managing a book of business and soliciting new applications.

ConsultingProfessional ServicesRisk Management

Responsibilities

Review and evaluate insurance applications and related documents, including financial statements, loss data, and other information needed to properly evaluate and classify the degree of risk in relation to proposed coverage limits

Obtain all relevant information not included with the initial submission to ensure a thorough evaluation of the risk

Review and evaluate renewal business and recommend appropriate actions to attain premium rate and loss ratio objectives

Prepare and review quotations to ensure accuracy prior to presentation to potential clients

Approve the coverage’s requested within specified underwriting authority, either as submitted or on a modified basis, or decline the risk in its entirely; refer with recommended action if risk exceeds underwriting authority

Review policy forms used in specific programs to ensure consistency

Developing and managing a book of business with goals for production, net revenue, rate increase, loss ratio and underwriting audit results

Solicit new applications from past producers and clients

Complete a variety of underwriting projects at the direction of management

Qualification

Mortgage Lending IndustryP&C LicenseSurplus Lines LicenseMS Office SuiteInsurance Experience

Required

Experience with MS Office Suite products

Preferred

Mortgage Lending Industry or Financial Institution Industry helpful

P&C and Surplus Lines Licenses preferred. Will be required to obtain P&C license within three months of hire date, and Surplus Lines within 6 months of hire date

Bachelor's Degree preferred or equivalent 5 years of insurance experience