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Allied World · 1 day ago

Underwriter/Sr. Underwriter

Chicago, IL

Full-time

Onsite

Mid, Senior Level

$85K/yr - $115K/yr

Allied World is seeking an Underwriter/Sr. Underwriter to critically analyze health care organizations' operations and assess their ability to deliver medical services. The role involves leveraging underwriting tools to evaluate risk appetite, determine pricing, and ensure compliance with corporate guidelines while working in a collaborative team environment.

FinanceFinancial ServicesInsurance

Growth Opportunities

Responsibilities

Compliance with underwriting guidelines, systems and procedures

Perform general underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions, and quote/binder/invoice authorizations

Work within authority and receive proper approval from regional manager as necessary

Liaise with Claims Department on any specific claims activity and overall market claims concerns, which could potentially affect profitability

Consistent with Internal Audit department procedures, achieve compliance with all underwriting and administrative guidelines

Conduct marketing meetings with brokers as directed by the regional manager

Attend client/broker meetings, lunches, dinners and other social outings as applicable

Follow treaty and facultative reinsurance protocols as required

Stay current with respect to major industry issues and developments

Provide specific reports as needed by senior staff

Other duties as assigned

Qualification

Risk analysisUnderwriting toolsPricing analysisComplianceAnalytical skills

Required

Critically analyze health care organizations' operations, litigation history, and commitment to clinical risk management

Learn and leverage underwriting tools—including models, actuarial resources, and claims and risk management colleagues

Evaluate risk appetite, determine pricing, and structure coverage offerings while achieving targeted premium and profitability goals

Ensure compliance with divisional and corporate underwriting guidelines, administrative requirements, and service timelines

Compliance with underwriting guidelines, systems and procedures

Perform general underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions, and quote/binder/invoice authorizations

Work within authority and receive proper approval from regional manager as necessary

Liaise with Claims Department on any specific claims activity and overall market claims concerns, which could potentially affect profitability

Achieve compliance with all underwriting and administrative guidelines consistent with Internal Audit department procedures

Conduct marketing meetings with brokers as directed by the regional manager

Attend client/broker meetings, lunches, dinners and other social outings as applicable

Follow treaty and facultative reinsurance protocols as required

Stay current with respect to major industry issues and developments

Provide specific reports as needed by senior staff

Other duties as assigned

Preferred

Candidates making career transitions who bring transferable analytical skills and a commitment to learning underwriting processes

Experience in a fast-paced, collaborative team environment focused on rigorous analysis and mutual support

Company

Allied World

About Allied World Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions.

Founded in 2001