Berkley

Renewal Underwriter, Light Brokerage

Location Name AZ, Scottsdale - 7233 E Butherus Drive
ID
2024-11049
Date Posted
1 month ago(8/27/2024 8:47 AM)
Company
Nautilus Insurance Group
Primary Location
US-AZ-Scottsdale
Loc2
CT, West Hartford - 433 S Main Street Suite 200
Category
Underwriting

Company Details

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As an elite Excess and Surplus Lines market, Nautilus Insurance Group offers commercial property and casualty insurance solutions to appointed wholesale surplus lines producers countrywide.  We have specialized in providing these solutions for more than 35 years.

We have more flexible policy terms and premium rates on a non-admitted basis. Our focus is small to medium Property and Casualty risks on both an admitted and a non-admitted basis.

Our offerings are distributed through partnerships with appointed wholesale surplus lines producers. Our relationships are defined by mutual success, speed to market, customer-centric focus and an expanded appetite. 

Coverage placed by Nautilus Insurance Group is provided by Nautilus Insurance Company and Great Divide Insurance Company, both W. R. Berkley Corporation members with A.M. Best (Superior) A+ XV ratings.

Benefit Highlights:

  • Paid Parental Leave! At Nautilus, we offer Childbirth Recovery Leave as well as Primary Caregiver Leave, for up to a maximum of 12 weeks of paid leave.
  • Nautilus offers Medical, Dental, and Vision coverage options, along with Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) choices
  • We help our employees feel secure by providing a 401(k) program, profit sharing, stock purchase plan, life insurance, and travel accident insurance options.
  • One of our core values is “Committed to Serve” and these aren’t idle words. We provide every employee one paid day off per year to volunteer at a local charity. That’s serving with a smile!
  • We take risk management excellence and your professional growth seriously by offering Tuition Assistance and Industry-Related Education and Exam programs.
  • Can you hear us now? Employees are eligible for special cell phone service discounts with Verizon and AT&T. We’ve got a plum position for you! We participate in the Plum Benefits program offering employees cost-free access to thousands of exclusive travel and entertainment discounts.
  • Flexible work arrangements
  • On site newly renovated fitness center - free to use for employees.  Yoga and other classes available for a nominal fee.

Responsibilities

Nautilus Insurance is seeking a Renewal Underwriter to join its Light Brokerage team.  This role can be located in Scottsdale, AZ, West Hartford, CT or remotely for a highly qualified candidate.

 

The Renewal Underwriter manages assigned renewal book of business and makes appropriate decisions within own underwriting authority levels.  They also review insurance applications on renewal accounts and makes determination of appropriate terms to be offered

 

  • Responsible for monitoring renewal production, profitability, and maintaining agency relationships.
  • Utilize underwriting expertise and authority guidelines to independently make decisions within granted letter of authority on renewal accounts. Establishes types and limits of coverage to be provided. Issues quote and negotiates terms with wholesale agents.
  • Proficient coverage knowledge in Commercial General Liability, Commercial Property and Commercial Excess Liability. Utilize coverage understanding to assess potential exposure and make judgements regarding appropriate form attachment and fill-in form verbiage on renewal accounts.
  • Reviews new and renewal accounts to assess acceptability and compliance with Underwriting Guidelines, addresses discrepancies as needed, and documents action in appropriate systems.
  • Consults directly with agency staff to obtain additional information and/or address concerns on existing accounts. Also responds to agent-initiated mid-term coverage requests within granted letter of authority.
  • Maintains current territorial expertise regarding market conditions, trends and state-specific nuances that impact may exposure.
  • Creates, analyzes and interprets data from various systems and underwriting resources.
  • Promotes consistency amongst Underwriting Team by contributing knowledge and soliciting feedback relative to underwriting philosophy and company goals. May also collaborate cross-departmentally, as requested.
  • Effectively communicates (written/verbal) information to both internal and external customers to ensure our standards of excellence are maintained.

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Qualifications

  • A minimum of one to two (1-2) years of experience as an Assistant Underwriter.
  • Excess and Surplus lines background is beneficial.
  • Basic to intermediate knowledge of Microsoft suite, including Word, Excel, PowerPoint and Outlook.
  • Capability to learn and utilize various underwriting applications to determine accurate classifications and calculate rates and premium charges using approved rating methods.
  • AIS & ASLI designations or completion of other insurance related classes is preferred.
  • Associate or bachelor’s degree; or at least two years of experience in a business or related field; or an equivalent combination of training and experience that provides the required knowledge, skills, and abilities.

Additional Company Details

The Company is an equal employment opportunity employer.

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.

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.

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