Details
Posted: 21-Apr-22
Location: Schaumburg, Illinois
Type: Full-time
Preferred Education: 4 Year Degree
Categories:
Medical Professional Liability (Medical PL)
Sector:
Insurance Companies
Additional Information:
Telecommuting is allowed.
Are you looking for your professional place to be! A place where they will train you as though you can leave but will treat you so well that you would not want to! Then consider this great opportunity for a motivated and career driven underwriter in the professional liability insurance field, who enjoys research, evaluation, and analysis, but also desires a better work/life balance with a stable and well-established company.
OMSNIC’s Professional Liability Underwriters have direct contact with our business customers, policyholders and agencies and are regarded as trusted partners in managing the relationships while providing high quality customer service and maintaining a profitable book of business based upon the company’s risk appetite and underwriting guidelines.
OMSNIC (OMS National Insurance Company, RRG) is the leading provider of professional liability insurance to OMS (Oral and Maxillofacial Surgeons) nationwide, as well as general dentistry through its subsidiary company Fortress. OMSGuard from OMSNIC is the standard of excellence in OMS practice protection and the only liability program dedicated to the complex practice of oral and maxillofacial surgery.
Our contemporary office boasts a friendly and collaborative environment. Our company offers opportunity for professional expression, development, and growth in a steady and work/life balanced culture. We offer a competitive salary and attractive benefits package including health, dental and vision plans, 401k plan, deferred compensation plan and a generous paid time off. Our office is a hybrid model working 2-3 days in the office.
In addition to the wide range of benefits, as a direct employee, your insurance education, and training are covered by the company. This position offers training developed with an emphasis on the enhancement of professional underwriting skills.
Essential Duties and Responsibilities:
- Evaluate, classify, and rate new business submissions and renewals to determine insurability, coverage, and pricing
- Manage agency relationships while maintaining a profitable book of business based upon underwriting guidelines
- Maintain daily workflow by analyzing, handling, or forwarding tasks for processing
- Maintain a high level of customer service with quick response times and accurate information (both internally and externally)
- Prepare and present reports to management and Underwriting Committee
- Participate in product development and underwriting projects and initiatives
Qualifications:
- Bachelor’s degree in a related field is preferred, an equivalent combination of education and/or professional experience will be considered
- Demonstrated 3-5 years’ experience of professional liability underwriting
- Working knowledge and understanding of professional liability coverage, contracts, and underwriting guidelines
- Proven relationship management expertise
- Proficiency with Microsoft Office Suites with emphasis on Excel and Word
Competencies:
- Effective written and oral communication skills to provide information in a clear and concise manner and to communicate with variety of stakeholders. Confident presentation and negotiation skills
- Good listener; detailed oriented
- Effective analytical skills to gather information, analyze facts and make recommendations
- Ability to prepare robust reporting yet provide broad scope overview and summary
- Ability to work independently and successfully manage long-distance business relationships with insureds and agents
- Solid multitasking skills and the ability to meet hard deadlines on tasks related to assigned book of business and projects
- Ability to contribute to the development and optimization of underwriting processes and guidelines
- Ability to quickly learn and adapt to new technologies
- Willingness to work as necessary, based upon volume of work, to meet company objectives