RLI Insurance Company is a unique insurance provider known for its exceptional underwriting services and strong company culture. The Associate Underwriter will provide underwriting support throughout the entire process, interact with internal teams and brokers, and assist in special projects while progressing in their underwriting skills.
Responsibilities
- Provides underwriting support for the entire underwriting process from start to finish
- Review incoming submissions to determine viability for quoting
- Review RMS Modeling results for opportunity and accuracy
- Provide new business quotes for underwriter review or directly to brokers as determined by Underwriting Authority Letter
- Complete renewal review process
- Review inspection reports and financial information to notify underwriters of potential issues or provide recommendations
- Process endorsements and determine acceptability. Upon completion, review and approve for distribution
- Handle worksheet process consisting of completing Underwriting Worksheet, Rating Worksheet, and Review/Pick Policy Forms
- Perform policy review process and approve for distribution
- Assist in special projects and other duties as needed
Skills
- Typically requires a bachelor's degree in insurance, finance, risk management, business or a related field
- 0+ years of related experience for consideration
- [OR] equivalent level of education and experience
- Ability to use analytical methods in underwriting processes to find workable solutions
- Ability to verbally and in writing, communicate findings and recommendations to internal and external contacts on underwriting matters
- Ability to use software to summarize and analyze large amounts of data
- Understands, applies, & properly documents nature of operations of the risk for accounts assigned & communicates findings
- Ability to prepare, review, and complete underwriting analysis of accounts
- Analytical skills and understanding of submission requirements, model entry, and product appetite
- Participates in underwriting related continuing education
Benefits
- Annual bonus plans
- Employee stock ownership plan (ESOP)
- 401(k) — automatic 3% company contribution
- Annual 401k and ESOP profit-sharing contributions (Up to 15% of eligible earnings)
- Paid time off (PTO) and holidays
- Paid volunteer time off (VTO) to support our communities
- Parental and family care leave
- Flexible & hybrid work arrangements
- Fitness center discounts and free virtual fitness platform
- Employee assistance program
- Comprehensive medical, dental and vision benefits
- Flexible spending and health savings accounts
- 2x base salary for group life and AD&D insurance
- Voluntary life, critical illness, & accident insurance for purchase
- Short-term and long-term disability benefits
- Training & certification opportunities
- Tuition reimbursement
- Education bonuses
Company Overview
RLI is a U.S.-based specialty insurer that serves niche property, casualty and surety markets. It was founded in 1965, and is headquartered in Illinois City, Illinois, USA, with a workforce of 1001-5000 employees. Its website is http://www.rlicorp.com/.