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Preferred Risk Insurance Jobs in Virginia (NOW HIRING)

Risk Modeling Manager

Richmond, VA · Remote

$50 - $60/hr

Financial Accounting, Investment Banking, Wealth Management, and Insurance Planning. Location ... is preferred but not required Notes Payment is made via PayPal. We will never ask for any money ...

Bachelor's Degree in Risk Management, Finance, or a related field 3+ years of risk management, underwriting or insurance brokerage experience preferred Strong knowledge of commercial insurance lines ...

Analyst, Corporate Insurance

Centreville, VA · On-site

$19.75 - $27/hr

... of risk management, underwriting or insurance brokerage experience preferred • Strong knowledge of commercial insurance lines (Auto, Property, Casualty, GL, Professional lines) • Must be ...

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Preferred Risk Insurance information

What are the key skills and qualifications needed to thrive as a Preferred Risk Insurance Underwriter, and why are they important?

To thrive as a Preferred Risk Insurance Underwriter, you need a solid understanding of risk assessment, insurance policies, and underwriting principles, typically supported by a bachelor's degree in finance, business, or a related field. Familiarity with underwriting software, industry databases, and insurance regulations is crucial, and professional certifications like CPCU or AU are often preferred. Strong analytical thinking, attention to detail, and effective communication are vital soft skills for evaluating applications and collaborating with agents or clients. These skills ensure accurate risk evaluation, profitable decision-making, and regulatory compliance within the insurance industry.

What are some common challenges faced by professionals working in Preferred Risk Insurance, and how can they effectively address them?

Professionals in Preferred Risk Insurance often face the challenge of accurately assessing and underwriting applicants who fall within favorable risk categories, while ensuring compliance with regulatory standards. Balancing competitive pricing with profitability is another key challenge, as is staying updated on evolving risk factors and industry trends. To address these issues, it's important to maintain strong analytical skills, foster clear communication with underwriting and sales teams, and regularly participate in training sessions or industry seminars. Collaboration with actuaries and claims specialists is also essential to ensure consistent risk evaluation and policy management.

What is Preferred Risk Insurance?

Preferred Risk Insurance refers to insurance policies offered to individuals or businesses that are considered low risk by insurance companies. These policyholders typically have a favorable claims history, good credit, and other positive risk factors, which can result in lower premiums and better coverage options. Preferred risk categories exist in various types of insurance, including auto, home, and life insurance, and are used by insurers to reward responsible customers. Being classified as a preferred risk can help you save money and access more comprehensive insurance products.

What is the difference between Preferred Risk Insurance vs Commercial Insurance Agent?

AspectPreferred Risk InsuranceCommercial Insurance Agent
CredentialsLicenses required, often with specific state certificationsSame licenses, may require additional certifications for commercial policies
Work EnvironmentPrimarily office-based, handling personal insurance policiesOffice and client meetings, handling business and commercial policies
Industry UsageUsed by insurance companies to classify low-risk clientsUsed by agents to sell various insurance products, including commercial policies

Preferred Risk Insurance typically refers to clients or policies with lower risk profiles, often handled by agents specializing in personal insurance. Commercial Insurance Agents focus on selling policies for businesses, which usually involve higher risks. While both roles require licensing and industry knowledge, Preferred Risk Insurance emphasizes low-risk personal policies, whereas Commercial Insurance Agents deal with business-related coverage.

What job categories do people searching Preferred Risk Insurance jobs in Virginia look for? The top searched job categories for Preferred Risk Insurance jobs in Virginia are:
What cities in Virginia are hiring for Preferred Risk Insurance jobs? Cities in Virginia with the most Preferred Risk Insurance job openings:
Program Analyst - Risk Management

Program Analyst - Risk Management

LTC Solutions

Quantico, VA • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 7 days ago


Job description

LTC Solutions, LLC is a small company with ahuge commitment to supporting our employees and providing quality services to our government clients. Our employees have an entrepreneurial spirit, a passion for excellence, and a proactive approach to providing the best possible solutions to our clients. If you are committed to building excellent client relationships, providing consistent superior-quality work, and taking initiative to understand your clients' needs, we would like to meet you!

LTC offers a dynamic team setting and generous benefits (including 401K, PTO, and Health, Dental, Vision, Life and Disability Insurance).

POSITION: Program Analyst - Risk Management

LOCATION: Quantico, VA (On-Site Work)

STATUS: Full time - Contingent Hire

REQUIRED QUALIFICATIONS:

  • Education: Bachelor's degree in Business Administration, Financial Management, Risk Management, Accounting or equivalent experience
  • Experience: 5+years of related experience with program financial management, government contract execution, funding documentation, and resource planning
  • Must Haves: Extensive experience with program risk registers, conducts qualitative and quantitative risk assessments, and supports mitigation planning to protect cost, schedule, and performance objectives across Marine Corp portfolios
  • Citizenship and Clearance: US Citizen with ability to obtain Active Secret Clearance
  • Travel: Ability to travel up to 25% to support client meetings and requirements
  • Skills: Strong knowledge of and experience with Marine Corp portfolios, risk registers, government contracting (FAR, DFARS); Strong proficiency in Microsoft Office products; Strong verbal and written communication skills

DESIRED QUALIFICATIONS:

  • Client Familiarity: DoD and USMC
  • Tools Familiarity: Risk registers, FAR, DFARS, CAS, and other federal requirements; DoD Acquisition Policy
  • Background: Government risk management/accounting background preferred


PRIMARY DUTIES:

  • Create and manage program risk registers, conduct qualitative and quantitative risk assessments, and support mitigation planning to protect cost, schedule, and performance objectives across Marine Corp portfolios
  • Support program financial management, government contract execution, funding documentation, and resource planning
  • Develop and maintain budget exhibits, spend plans, contract modifications, and business case analysis to ensure compliance with DoD financial and acquisition policy
  • Develop, maintain, and deliver required documentation, reports, and analyses
  • Coordinate with Government IPTs and stakeholders
  • Perform duties in direct support of Marine Corps

LTC Solutions is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.