• Private Company D&O Underwriter

    Location US-IL-Schaumburg
    Posted Date 1 week ago(7/9/2018 11:33 AM)
    Job ID
    23764
    # Positions
    1
    Category
    Underwriting
    Position Type
    Full Time
    Travel Percentage
    0 to 10%
  • Overview

    Be Here. Be Great.  Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group, a member of American Financial Group, is a Fortune 500 company consistently recognized as a top place to work.  We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty property and casualty operations and a variety of financial services, there are always opportunities here to learn and grow. 

     

    Our Executive Liability Division underwrites Directors’ and Officers’ Liability Insurance, Employment Practices Liability Insurance, and Fiduciary Liability Insurance for public, private and not for profit companies. 

     

    The Executive Liability Division is seeking a Private Company D&O Underwriter to be located in our Schaumburg, IL office.  The role of the Underwriter is to market, underwrite and produce profitable business.  The position will entail marketing and underwriting new and renewal business in accordance with Company objectivities and policies.  The Underwriter must have the ability to relate to people easily in order to develop effective customer partnerships. 

     

    Job title and job grade will depend on the successful applicant's level of experience.

    Responsibilities

    • Responsible for an assigned book of business in which account information is evaluated, underwritten and priced within authority guidelines.  Has responsibility for risk selection/rejection, retention, growth and profitability within scope of authority and per divisional objectives.
    • The position requires the ability to assess a variety of transactions (including mergers and acquisitions, bankruptcy emergence), life cycle phases (from start-up to mature/declining) and levels of sophistication (sole proprietorships to large risks)
    • The underwriter is expected to perform financial statement analysis of prospective risks and make recommendations on pricing and terms consistent with underwriting guidelines. 
    • Maintains a high level of customer service.  Communicates directly with Brokers to develop and maintain strong relationships.  Promptly issues quotes, policies and endorsements.
    • Performs other duties as assigned. 

    Qualifications

    • Bachelor’s degree in Finance, Economics or other Business related field, inclusive of financial statement analysis skills.
    • High level of organizational skills, ability to establish priorities and meet deadlines.
    • Strong verbal and written communication skills in order to leverage excellent customer relationships, and to provide opportunities for marketing products and services.
    • Able to work in a small office setting.
    • Must be open to travel, including occasional overnight travel.  Travel would be no more than quarterly.   

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