Cisco

Underwriting Specialist

Cisco

full-time

Posted on:

Location Type: Remote

Location: United States

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Salary

💰 $74,000 - $115,600 per year

Job Level

SeniorLead

About the role

  • Evaluates and underwrites new and renewal business in accordance with Company underwriting guidelines and risk appetite.
  • Develops and implements risk assessment models to make informed decisions on coverage, pricing, and terms.
  • Collaborates with actuaries, agents, brokers, and clients to obtain necessary information and provide guidance.
  • Procures and analyzes supplementary reports and screenings, such as motor vehicle reports, loss history reports, and external inspections, to support underwriting decisions.
  • Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.
  • Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation.
  • Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers.
  • Stays updated on industry trends, regulatory changes, and market conditions.
  • Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business.
  • Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes.
  • May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
  • Performs other duties as assigned.

Requirements

  • Bachelor’s Degree in Business, Economics, Risk Management and Insurance, or a related field or equivalent experience.
  • Generally, a minimum of 9 years of experience in Underwriting or a related field.
  • Completion of or continuing progress toward a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS) or Associate of Risk Management (ARM), or a marketing designation.
  • Performs work under limited supervision and technical direction.
  • Works with significant latitude and authority on complex assignments.
  • Maintains advanced knowledge of company policies and industry laws and regulations.
  • Excellent interpersonal and communication skills.
  • Demonstrates advanced analytical, risk assessment, and problem-solving skills.
  • Strong negotiation and decision-making ability.
  • Familiarity with marketing strategies and tools is beneficial.
  • Viewed as a senior resource on the Underwriting team.
  • Provides technical advice and support to lower-level positions.
  • Position requires occasional travel.
Benefits
  • medical, dental, and vision coverage
  • wellness plans
  • parental leave
  • adoption assistance
  • tuition reimbursement
  • Paid Time Off
  • paid holidays
  • a 401(k) plan with company match
  • an employee stock purchase plan
  • commuter benefits
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
risk assessment modelsunderwritingpolicy enhancementsrisk mitigationanalytical skillsproblem-solving skillsnegotiationdecision-making
Soft Skills
interpersonal skillscommunication skillscollaborationcoachingrelationship management
Certifications
Bachelor’s DegreeAssociate in Underwriting (AU)Chartered Property Casualty Underwriter (CPCU)Certified Insurance Counselor (CIC)Program in General Insurance (INS)Associate of Risk Management (ARM)