Position Purpose
Under general oversight, the Technical Underwriting Manager will handle and continually manage complex risks through risk assessment, policy rating, and servicing of an existing book of business for the Executive Products Group portfolio across the Eastern Zone. Key responsibilities will include evaluating new and renewal submissions for publicly traded companies, private companies, not-for-profit entities, labor management trusts, and private equity entities. The candidate will develop and execute a marketing plan to develop strong ties and relationships with existing and new RLI retail agents and brokers to profitably grow the book of business. This position has greater ownership and accountability over the review of complex sources of profit and selecting appropriate risks than a Senior Underwriter. A Technical Underwriting Manager is an individual contributor position with no direct people management responsibilities.
Principal Duties & Responsibilities
- Analyze, evaluate, accept, decline, rate, quote, and bind new or renewal submissions in accordance with EPG appetite and underwriting guidelines.
- Build strong relationships between agents, reinsurers, and contacts across our retail distribution channels
- Review complex submissions, account losses, pricing models, and profitable premiums.
- Collaborate with internal RLI partners to tailor individual solutions for Insureds as well as drive cross-functional efficiencies.
- Review complex sources of profit by selecting appropriate risks.
- Assist with special projects or other duties as needed.
Education & Experience
- Typically requires a bachelor's degree in insurance, finance, risk management, business or a related field
- Minimum of 10+ years of experience underwriting D&O, EPL, Fiduciary, Crime or similar book of business
- [OR] equivalent level of education and experience
Knowledge, Skills, & Competencies
- Ability to know implement proper authority sign off & correct underwriting judgement.
- Possess a thorough understanding of the internal processes of the product and displayed understanding of loss rating/credibility.
- Working toward building and maintaining a profitable book of business.
- Consistent display of complete/organized files at audits and documentation is at a level that judgement/pricing is easily understood by anyone’s review.
- Shown initiative and work ethic that demonstrates a higher level of understanding and commitment to the underwriting process.
- Building and maintaining their own profitable book of business.
- Annual bonus plans
- Employee stock ownership plan (ESOP)
- 401(k) — automatic 3% company contribution
- Annual 401k and ESOP profit-sharing contributions (Up to 15% of eligible earnings)
- Paid time off (PTO) and holidays
- Paid volunteer time off (VTO) to support our communities
- Parental and family care leave
- Flexible & hybrid work arrangements
- Fitness center discounts and free virtual fitness platform
- Employee assistance program
- Comprehensive medical, dental and vision benefits
- Flexible spending and health savings accounts
- 2x base salary for group life and AD&D insurance
- Voluntary life, critical illness, & accident insurance for purchase
- Short-term and long-term disability benefits
- Training & certification opportunities
- Tuition reimbursement
- Education bonuses
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