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Insurance Underwriting Analyst Jobs in Arizona (NOW HIRING)

Responsibilities The Senior Vice President & Chief Underwriting Officer (CUO) is an executive ... Lead the identification and development of new insurance products, leveraging data analytics and AI ...

Senior Underwriter, Excess

Scottsdale, AZ ยท On-site

$99K - $117K/yr

Responsible for the overall management, business development, analysis and monitoring of their book ... Qualifications * 5-7 years of commercial insurance underwriting experience, preferably in E&S ...

Senior Underwriter, Excess

Scottsdale, AZ ยท On-site

$99K - $117K/yr

Responsible for the overall management, business development, analysis and monitoring of their book ... Qualifications * 5-7 years of commercial insurance underwriting experience, preferably in E&S ...

Senior Underwriter, Excess

Scottsdale, AZ ยท On-site

$99K - $117K/yr

Responsible for the overall management, business development, analysis and monitoring of their book ... insurance underwriting experience, preferably in E&S markets. * Technical knowledge of general ...

Underwriting Specialist

Scottsdale, AZ ยท On-site

$72K - $157K/yr

IAT Insurance Group has an immediate opening for Underwriting Specialist from our Scottsdale, AZ or ... Must possess the ability to appropriately apply loss development and advanced loss analysis ...

Showing results 21-40

Insurance Underwriting Analyst information

What does an insurance underwriting analyst do?

An Insurance Underwriting Analyst evaluates insurance applications to determine the level of risk involved in insuring an individual or organization. They analyze data on applicants, such as financial status, health, and other risk factors, to decide whether coverage should be provided and at what premium. Their work helps insurance companies set appropriate policies and premiums to maintain profitability while offering fair coverage to clients. Additionally, they often collaborate with underwriters and agents to review guidelines and ensure compliance with regulations.

What are the key skills and qualifications needed to thrive as an insurance underwriting analyst?

To thrive as an Insurance Underwriting Analyst, you need strong analytical skills, attention to detail, and a solid foundation in finance or business, often supported by a bachelor's degree. Familiarity with underwriting software, risk assessment tools, and industry certifications like CPCU or AU is typically required. Excellent communication, critical thinking, and decision-making skills help analysts interpret complex data and collaborate effectively with clients and colleagues. These competencies are crucial for accurately evaluating risk, setting appropriate premiums, and ensuring the profitability and compliance of insurance portfolios.

How does an insurance underwriting analyst typically collaborate with other departments within an insurance company?

Insurance Underwriting Analysts work closely with a variety of teams, including claims, sales, actuarial, and risk assessment departments. They often consult with these teams to gather necessary information, clarify risk factors, and ensure that policies are accurately priced and compliant with regulations. Effective communication and teamwork are essential, as analysts need to balance the interests of the company with customer needs while maintaining regulatory standards. This collaboration helps ensure that underwriting decisions are well-informed and support the overall goals of the organization.

What is the difference between Insurance Underwriting Analyst vs Insurance Underwriter?

AspectInsurance Underwriting AnalystInsurance Underwriter
CredentialsBachelor's degree in finance, economics, or related field; some certifications like CPCU or ARMBachelor's degree often required; certifications like CPCU or AIC are common
Work EnvironmentAnalyzing data, assessing risk, supporting underwriting decisionsEvaluating applications, making risk decisions, approving policies
Industry UsageUsed in insurance companies, brokerage firms, and risk managementPrimarily in insurance companies and agencies

Insurance Underwriting Analysts support underwriters by analyzing data and assessing risk, while Insurance Underwriters make the final risk decisions and approve policies. Both roles require similar credentials and work in comparable environments, but their responsibilities differ in scope and decision-making authority.

How much does an insurance underwriting analyst make?

An insurance underwriting analyst typically earns between $50,000 and $80,000 annually, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn higher salaries. Certifications such as CPCU or ARM can also influence compensation.

Is an insurance underwriting analyst a good job?

An insurance underwriting analyst is a stable role that involves evaluating insurance applications, assessing risk, and determining policy terms. It typically requires strong analytical skills, attention to detail, and knowledge of insurance policies and regulations. The job offers opportunities for career advancement and often includes benefits such as a regular schedule and professional development options.

What are popular job titles related to Insurance Underwriting Analyst jobs in Arizona?

For Insurance Underwriting Analyst jobs in Arizona, the most frequently searched job titles are:

What job categories do people searching Insurance Underwriting Analyst jobs in Arizona look for?

The top searched job categories for Insurance Underwriting Analyst jobs in Arizona are:

What cities in Arizona are hiring for Insurance Underwriting Analyst jobs?

Cities in Arizona with the most Insurance Underwriting Analyst job openings:

SVP, Chief Underwriting Officer

Berkley

Scottsdale, AZ โ€ข On-site

Other

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 2 days ago


Job description

Company Details
Vela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liability insurance solutions in the following four market segments: Construction, Specialty Casualty, and Professional Liability. We offer national service and local knowledge to our exclusive wholesale broker network and the businesses they serve.
The company is an equal opportunity employer.
Responsibilities
The Senior Vice President & Chief Underwriting Officer (CUO) is an executive leader responsible for driving underwriting excellence, portfolio performance, and strategic growth at Vela Insurance Services.
Reporting to the President, s/he will lead a unified underwriting strategy across all segments, ensuring profitable growth through a "One Underwriting" mindset.
This role will oversee the redesign of the CUO role to foster stronger collaboration with MSEs, foster a sales-driven culture, and align underwriting operations with emerging opportunities in technology, data analytics, and market diversification.
The CUO will champion a future-focused vision, enhancing leadership capabilities, talent retention, and broker relationships to build a defensible sales flywheel and promote sustainable profitability.
Responsibilities include:
  • Lead and Manage Underwriting Strategy Across All Segments: Develop and execute a comprehensive underwriting strategy that ensures profitability, optimizes portfolio performance, and aligns with Vela's three-year strategic vision. Drive cross-functional collaboration to address gaps in vision, alignment, and execution, particularly in an E&S market with intensifying competition. Work closely with SLT constituents to form and execute optimal profitable growth strategies, track portfolio performance and adjust plans to ensure success.
  • Foster a High-Performance Sales Culture: Integrate underwriting with sales and marketing to create a unified "One Team" approach. Support the redesign of the CUO role to include additional MSEs, ensuring consistency in best practices and capabilities, and clearly defining shared accountability for results.
  • Drive Product Development and Innovation: Lead the identification and development of new insurance products, leveraging data analytics and AI to meet emerging market needs. Oversee the upgrade of product development (PMO) and analytics into the Underwriting Operations Group, focusing on digitization, STP, and predictive analytics to enhance decision-making and upstream risk selection.
  • Enhance Leadership and Talent Development: Address leadership gaps by recruiting industry leaders with proven experience to introduce complementary business segments. Implement a robust recruitment, retention, and
  • performance management program, including a UA role Internship and Trainee Program, to build a pipeline of talent and promote career laddering.
  • Build a Defensible Sales Flywheel: Establish and collaborate with a newly formed Distribution Strategies Group to develop a market-competitive hybrid technology, sales, marketing, and relationship-driven engine. Promote success for underwriters (UWs) through sales oriented mindset, equipped with tools to drive territory growth, full integration of Kalepa into workflows, additional AI tools, and dashboards to support decision-making at all levels.
  • Strengthen Broker Relationships: Through Distribution Strategies Group formation, work closely with MSEs to redesign the role of a production underwriter to include goals for assigned regions and teams, creating an incentive-based compensation plan for production UWs. Design sales and underwriting acumen training with a career laddering approach, including territory responsibility and reviews. Organize an annual broker qualification trip and establish a Producer Council to strengthen ties with key brokers.
  • Promote Entrepreneurial Mindset: Encourage individual contributors to drive product diversification and sustainable profit growth through select product initiatives. Support the "One Team" model with Broker Specialists at the forefront, assigning underwriters to the same brokers for renewal UWs and underwriting operations support.
  • Leverage Data and Analytics: Invest in data and analytic tools to maximize accuracy, efficiency, and speed. Oversee pricing model upgrades, and underwriting analytics/AI investments through the Underwriting Operations Group.
  • Address Legacy Business Challenges: Surgically address legacy operating activities to ensure continuity and stability in profitability
  • Develop Future Value Propositions: Work closely with the President and SLT to create a clear, ambitious vision for employees and brokers, emphasizing entrepreneurial contribution, leadership accountability, and a "One" mindset. Play a key role in the development and execution of Vela's new strategic vision.
  • Other duties as assigned

Qualifications
  • Four (4) year College Degree, or commensurate experience and training
  • Industry designations preferred: CPCU, ASLI, ARM
  • Minimum of 15+ years' commercial lines underwriting experience, with strong foundation in portfolio analytics
  • Strong sales acumen and drive - Demonstrated success in building and sustaining a sales-driven culture
  • Demonstrated success in product development, innovation, and launching new products
  • Excellent communication, interpersonal and leadership skills
  • Demonstrated technical expertise in underwriting
  • Experience in and understanding the competitive E&S marketplace is a significant advantage

Additional Company Details
We do not accept any unsolicited resumes from external recruiting firms.
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include:
โ€ข Eligible to participate in annual discretionary bonus.
โ€ข Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. '
The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.
Sponsorship Details
Sponsorship not Offered for this Role