Senior Underwriting Specialist
Cisco
full-time
Posted on:
Location Type: Remote
Location: United States
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Salary
💰 $101,840 - $139,460 per year
Job Level
About the role
- Leads the evaluation and underwriting of new and renewal business, ensuring alignment with Company underwriting guidelines and risk appetite.
- Develops and implements advanced risk assessment models to make informed decisions on coverage, pricing, and terms.
- Fosters strategic partnerships 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.
- Monitors and shares insights 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 13 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 minimal supervision.
- Works at the highest authority limits on the most complex assignments.
- Maintains expert knowledge of company policies and industry laws and regulations.
- Demonstrates expert analytical, risk assessment, and problem-solving skills.
- Advanced negotiation and decision-making ability.
- Familiarity with marketing strategies and tools is beneficial.
Benefits
- medical, dental, and vision coverage
- wellness plans
- parental leave
- adoption assistance
- tuition reimbursement
- Paid Time Off and paid holidays
- 401(k) plan with company match
- 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 evaluationpolicy modificationsdata analysiscompliancenegotiationdecision-makinginsurance regulationsbusiness development
Soft Skills
communicationstrategic partnershipcoachinganalytical skillsproblem-solvingrelationship managementteam collaborationperformance managementadaptabilityleadership
Certifications
Associate in Underwriting (AU)Chartered Property Casualty Underwriter (CPCU)Certified Insurance Counselor (CIC)Program in General Insurance (INS)Associate of Risk Management (ARM)