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Underwriting Program Jobs in Georgia (NOW HIRING)

$94K - $111K/yr

The Senior Underwriting Consultant is responsible for evaluating applications of the highest ... Our generous paid time off program in the U.S. includes up to 11 paid holidays, 3 personal days ...

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Underwriting Program information

What are some common challenges faced by professionals working in an underwriting program, and how can they be addressed?

Professionals in underwriting programs often encounter challenges such as balancing risk assessment with business growth goals, managing tight deadlines, and adapting to evolving regulatory requirements. Staying updated with industry guidelines, leveraging advanced data analytics tools, and cultivating strong communication skills are essential strategies for overcoming these hurdles. Additionally, collaborating closely with sales, legal, and claims teams helps underwriters make well-informed decisions and maintain consistency across the organization.

Is underwriting a good career to get into?

Underwriting is a stable career that involves evaluating risks for insurance companies, requiring analytical skills and attention to detail. It often offers opportunities for advancement, professional certifications, and a predictable work environment, making it a viable option for those interested in finance and risk assessment.

What is an underwriting program?

An underwriting program is a structured process used by financial institutions, insurance companies, or lenders to evaluate the risk and eligibility of applicants for loans, insurance policies, or other financial products. The program sets the guidelines and criteria for assessing factors such as creditworthiness, health, or property value before approving or denying an application. By standardizing this evaluation, underwriting programs help organizations make informed decisions, minimize risk, and ensure compliance with regulations.

Can I become an underwriting program with no experience?

Underwriting programs typically require some knowledge of insurance principles and analytical skills, but many entry-level positions are open to candidates without prior experience. Relevant education, such as a degree in finance or business, and familiarity with underwriting software can improve chances of entry. On-the-job training is common for new hires in underwriting roles.

What is the difference between Underwriting Program vs Underwriter?

AspectUnderwriting ProgramUnderwriter
CredentialsTypically requires insurance or finance certifications, such as CPCU or FCASSame certifications often required, with additional experience in risk assessment
Work EnvironmentFocuses on developing, managing, and implementing underwriting policies and programsPerforms risk evaluation, decision-making, and approval of individual insurance applications
Employer & Industry UsageCommonly employed by insurance companies, brokers, and underwriting firmsFound within insurance companies, underwriting agencies, and brokers

In summary, an Underwriting Program focuses on creating and managing underwriting strategies and policies, while an Underwriter evaluates individual risks and approves insurance applications. Both roles require similar credentials and work within the insurance industry, but their responsibilities differ in scope and focus.

What are the key skills and qualifications needed to thrive in an underwriting program, and why are they important?

To excel in an Underwriting Program, strong analytical skills, attention to detail, and a relevant degree in finance, business, or a related field are essential. Familiarity with underwriting software, risk assessment tools, and industry certifications such as CPCU or AU are typically required. Effective communication, critical thinking, and decision-making skills help underwriters collaborate with stakeholders and evaluate complex information. These abilities ensure accurate risk evaluation, regulatory compliance, and profitable decision-making for financial institutions.

Director, Corporate Underwriting Specialist

Berkley

Lawrenceville, GA • On-site

$100K - $185K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 22 days ago


Job description

Company Details
Berkley Southeast is a member company of W. R. Berkley Corporation, a Fortune 500 Company, whose insurance company subsidiaries are rated A+(Superior) by A. M. Best Company. BSIG provides local underwriting, risk services, claim, marketing and audit services for agents and policyholders in Alabama, Georgia, Mississippi, South Carolina, North Carolina and Tennessee. We take a broad approach to underwriting for 'best in class' businesses, primarily in: construction, light manufacturing, wholesale, distribution and business service industries.
The Company is an equal employment opportunity employer.
www.berkleysoutheast.com
Responsibilities
In this role, you'll provide your expertise, guidance, and support to our regional offices to ensure that the Underwriting team is adequately equipped and supported to achieve Company growth and profitability objectives. You will develop underwriting guidance as a key member of the underwriting team and administer underwriting best practices consistent with Berkley Southeast Insurance Group profit and production objectives
Key Functionswill include but not be limited to:
• Provides underwriting guidance that demonstrates an effective balancing of corporate profit and production objectives.
• Develops and implements underwriting guidelines; monitors underwriting quality to ensure proper execution of underwriting guidelines and underwriting appetite, and potential new program opportunities.
• Monitors product, class, state, and Profit Center performance for assigned areas of responsibility.
• Conducts portfolio reviews to identify loss drivers, makes recommendations to improve underwriting quality.
• Works in conjunction with actuarial staff, systems, and Corporate Underwriting Directors to develop/revise proprietary forms; reviews and completes necessary Rate, Rules, Forms and State filings.
• Collaborates with Corporate Underwriting Directors and underwriters on referral accounts.
• Develops and conducts regular training sessions designed to increase technical proficiency of underwriting staff.
• Promotes consistency and quality of underwriting performance through the execution of the BSIG Quality Control Program and Profit Center audits. Consults with Underwriting Leadership concerning changes to Underwriter authority based on quality review information and assessment of Underwriter technical knowledge.
• Keeps abreast of industry developments, including participation in appropriate industry meetings, seminars, and education sessions.
• Understands BSIG's business and the factors that affect its success.
• Other underwriting related projects as assigned.
Qualifications
  • Bachelor's Degree in relevant disciple or equivalent combination of education and experience.
  • Five or more years of progressive Commercial Lines Insurance experience, demonstrating a high level of technical underwriting skills.
  • Casualty and/or Property underwriting experience including the following lines of business; Property, General Liability, Automobile, Worker's Compensation and Umbrella
  • Preferred CPCU or CIC designation
  • Demonstrates the ability to analyze a variety of situations effectively and to present logical solutions to problems.
  • Demonstrates strong communication, interpersonal and negotiation skills to deal with all levels of staff and management.
  • Demonstrates organizational skills necessary to prioritize and handle multiple tasks.
  • Solid knowledge of insurance products/coverage, market segments and marketplace.
  • Action oriented with a strong drive to achieve results.
  • The Company is an equal employment opportunity employer.

Additional Company Details
We do not accept any unsolicited resumes from external recruiting agencies or firms.
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include:
• Base Salary Range: $100,000 - $185,000
• Eligible to participate in annual discretionary bonus.
• 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