RLI Insurance Company is a unique insurance provider focused on delivering exceptional results through a talented team of employee owners. The Associate Underwriter will learn the underwriting process, manage submissions, and build relationships with brokers while ensuring adherence to underwriting guidelines.
Responsibilities
- Learn the entire underwriting process from start to finish
- Review incoming submissions to determine viability for quoting
- Review application and complete analysis of financial statements to determine submission viability
- Provide new business quotes to brokers, after review with underwriter
- Complete detailed underwriting worksheet to include financial analysis, business review and underwriting opinion
- Handle underwriting system entry for submission including rating model, selection of policy form and endorsements
- Perform policy review process and approve for policy issuance
- Analyze, evaluate, accept, decline, rate, quote, and bind new or renewal submissions across private, public, and non-profit sectors with management guidance
- Build relationships between retail agents and brokers in the territory
- Assist with special projects or other duties as needed
Skills
- Requires a bachelor's degree; preferred in insurance, risk management, finance, accounting or business
- 0-3 years of related work experience for consideration
- 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 underwriting accounts
- Ability to build marketing relationships Executive Products Group brokers and agents
- 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
- Provide timely, courteous and efficient service all internal and external candidates
- Ability to effectively review corporate financial statements
- Participates in underwriting related continuing education, i.e. RPLU courses
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/.