Experienced Online Underwriter for Homeowners Insurance – Catastrophic Risk Management and Underwriting Expertise Required
Introduction to ICAT and Marsh McLennan
Imagine being part of a dynamic team that specializes in providing property insurance protection to homeowners and businesses in hurricane- and earthquake-exposed regions of the United States. ICAT, a leading Managing General Agency (MGA), is seeking an experienced Online Underwriter to join their team in Broomfield, Colorado. As a subsidiary of Marsh McLennan, the world's leading insurance broker and risk adviser, ICAT offers a unique opportunity to work with a global professional services firm that operates in over 130 countries.
Job Overview
As an Online Underwriter for Homeowners Insurance, you will play a critical role in promoting new business written premium growth and favorable loss ratios in accordance with underwriting guidelines, third-party risk modeling services, and personal underwriting authority. You will work closely with agency partners and sales representatives to improve risk classification, bind ratios, and sales volume. Your analytical skills and attention to detail will enable sound risk selection, and you will be expected to make a direct impact on business results.
Key Responsibilities
Profitably underwrite a particular geographic territory, focusing on promoting new business written premium growth and favorable loss ratios
Build relationships with agency partners and sales representatives to improve risk classification, bind ratios, and sales volume
Gain an understanding of agency management, product distribution, and claims procedures to enhance growth and underwriting profit
Work cross-functionally with Compliance, Claims, Operations, and other business units to develop forms and product enhancements
Support portfolio management by developing corrective action where necessary using key metrics such as bind ratios, loss ratios, renewal retention ratios, and premium growth
Essential Qualifications
To be successful in this role, you will need to have:
2+ years of relevant work experience or internship in insurance underwriting
Proficiency in MS Office (Excel, Word, PowerPoint)
High attention to detail, creativity, intellectual curiosity, a desire to communicate, and strong time management skills
Preferred Qualifications
While not essential, the following qualifications will make you stand out as a candidate:
Bachelor's degree
3+ years of insurance underwriting experience with 1+ years of Personal Lines insurance experience
Sales, marketing, or relationship management skills with the ability to influence others
Successful completion of CPCU or other insurance and/or financial designations
Experience using third-party catastrophe risk modeling services
Skills and Competencies
To excel in this role, you will need to possess:
Strong analytical and problem-solving skills
Excellent communication and interpersonal skills
Ability to work in a fast-paced environment and prioritize tasks effectively
Strong attention to detail and ability to manage multiple projects simultaneously
Ability to build and maintain relationships with agency partners and sales representatives
Career Growth Opportunities and Learning Benefits
At ICAT, we are committed to supporting the career growth and development of our employees. As an Online Underwriter, you will have access to:
Hands-on training and development plan to help you own your career and better yourself
Opportunities for internal mobility and career advancement
Tuition reimbursement and participation in our Employee Stock Purchase plan
Professional development opportunities, including industry conferences and training sessions
Work Environment and Company Culture
At ICAT, we pride ourselves on our collaborative and dynamic work environment. As an employee, you can expect:
A flexible, hybrid work schedule that allows for work-life balance
A culture of collaboration, internal mobility, and valued partnership with assigned offices
Competitive pay with bonus potential, full benefits package, generous 401k match and contribution, and vacation days commensurate with experience level
A team that excels in communication and supports one another's successes and failures with empathy and understanding
Compensation, Perks, and Benefits
We offer a competitive total rewards package, including:
Base salary range of $49,400 to $105,400 per year, depending on experience and qualifications
Performance-based incentives and bonus potential
Full benefits package, including health and welfare benefits, tuition assistance, and 401K savings
Generous 401k match and contribution, and vacation days commensurate with experience level
Employee assistance programs and employee stock purchase plan
Conclusion
If you are a motivated and experienced insurance underwriter looking for a new challenge, we encourage you to apply for this exciting opportunity. As an Online Underwriter for Homeowners Insurance at ICAT, you will have the chance to make a significant impact on our business results and contribute to the success of our team. Don't miss out on this opportunity to join a dynamic and growing company – apply now and take the first step towards a rewarding new role.
Submit Your Application
Seize this opportunity to make a significant impact. Apply now and take the first step towards a rewarding new role.
Apply Now
Apply Now
Imagine being part of a dynamic team that specializes in providing property insurance protection to homeowners and businesses in hurricane- and earthquake-exposed regions of the United States. ICAT, a leading Managing General Agency (MGA), is seeking an experienced Online Underwriter to join their team in Broomfield, Colorado. As a subsidiary of Marsh McLennan, the world's leading insurance broker and risk adviser, ICAT offers a unique opportunity to work with a global professional services firm that operates in over 130 countries.
Job Overview
As an Online Underwriter for Homeowners Insurance, you will play a critical role in promoting new business written premium growth and favorable loss ratios in accordance with underwriting guidelines, third-party risk modeling services, and personal underwriting authority. You will work closely with agency partners and sales representatives to improve risk classification, bind ratios, and sales volume. Your analytical skills and attention to detail will enable sound risk selection, and you will be expected to make a direct impact on business results.
Key Responsibilities
Profitably underwrite a particular geographic territory, focusing on promoting new business written premium growth and favorable loss ratios
Build relationships with agency partners and sales representatives to improve risk classification, bind ratios, and sales volume
Gain an understanding of agency management, product distribution, and claims procedures to enhance growth and underwriting profit
Work cross-functionally with Compliance, Claims, Operations, and other business units to develop forms and product enhancements
Support portfolio management by developing corrective action where necessary using key metrics such as bind ratios, loss ratios, renewal retention ratios, and premium growth
Essential Qualifications
To be successful in this role, you will need to have:
2+ years of relevant work experience or internship in insurance underwriting
Proficiency in MS Office (Excel, Word, PowerPoint)
High attention to detail, creativity, intellectual curiosity, a desire to communicate, and strong time management skills
Preferred Qualifications
While not essential, the following qualifications will make you stand out as a candidate:
Bachelor's degree
3+ years of insurance underwriting experience with 1+ years of Personal Lines insurance experience
Sales, marketing, or relationship management skills with the ability to influence others
Successful completion of CPCU or other insurance and/or financial designations
Experience using third-party catastrophe risk modeling services
Skills and Competencies
To excel in this role, you will need to possess:
Strong analytical and problem-solving skills
Excellent communication and interpersonal skills
Ability to work in a fast-paced environment and prioritize tasks effectively
Strong attention to detail and ability to manage multiple projects simultaneously
Ability to build and maintain relationships with agency partners and sales representatives
Career Growth Opportunities and Learning Benefits
At ICAT, we are committed to supporting the career growth and development of our employees. As an Online Underwriter, you will have access to:
Hands-on training and development plan to help you own your career and better yourself
Opportunities for internal mobility and career advancement
Tuition reimbursement and participation in our Employee Stock Purchase plan
Professional development opportunities, including industry conferences and training sessions
Work Environment and Company Culture
At ICAT, we pride ourselves on our collaborative and dynamic work environment. As an employee, you can expect:
A flexible, hybrid work schedule that allows for work-life balance
A culture of collaboration, internal mobility, and valued partnership with assigned offices
Competitive pay with bonus potential, full benefits package, generous 401k match and contribution, and vacation days commensurate with experience level
A team that excels in communication and supports one another's successes and failures with empathy and understanding
Compensation, Perks, and Benefits
We offer a competitive total rewards package, including:
Base salary range of $49,400 to $105,400 per year, depending on experience and qualifications
Performance-based incentives and bonus potential
Full benefits package, including health and welfare benefits, tuition assistance, and 401K savings
Generous 401k match and contribution, and vacation days commensurate with experience level
Employee assistance programs and employee stock purchase plan
Conclusion
If you are a motivated and experienced insurance underwriter looking for a new challenge, we encourage you to apply for this exciting opportunity. As an Online Underwriter for Homeowners Insurance at ICAT, you will have the chance to make a significant impact on our business results and contribute to the success of our team. Don't miss out on this opportunity to join a dynamic and growing company – apply now and take the first step towards a rewarding new role.
Submit Your Application
Seize this opportunity to make a significant impact. Apply now and take the first step towards a rewarding new role.
Apply Now
Apply Now