Production Aviation Underwriting Specialist
Rolling Meadows, IL - USA
Job Summary
IAT Insurance Groups Aviation team has an immediate opening for an Aviation Underwriting Specialist. This position may be based in Scottsdale AZ; Anaheim CA; Pasadena CA; Alpharetta GA; Naperville IL; Rolling Meadows IL; Jersey City NJ; Newark NJ; Williamsville NY; or Plano TX. For the right candidate remote work will also be considered.
In this role you will be tasked with evaluating significant and unique situations while weighing data and intangibles by maintaining and building relationships in the commercial aviation and general liability space. The ideal candidate will have at least five years of underwriting experience building their own book of business in commercial aviation and general liability space. Candidates with significant experience will be considered for an Underwriting Director level role.
This role works a hybrid schedule that requires working from the office Monday through Wednesday with the option of working Thursday and Friday remotely.
Responsibilities:
Review and analyze underwriting files using judgment and experience as primary criteria to accept new business or continue renewals within established authority level.
Review and analyze all documents within or associated with the underwriting file to establish accuracy in identification and minimizing the risk of exposure utilizing change requests claim information loss control and outside databases to identify changes in exposure to risk.
Review evaluate and determine account premium levels using sound judgment consistent with established company premium modification plans within authority limits.
Read evaluate and interpret contracts and policies to determine exposures providing guidance and clarification to others consistent with experience.
Provide clarification and verification of coverage to the Claims Department consistent with experience.
Market to assigned agencies to achieve acceptable new business flow.
Assess agency activity; provide clarification to agency personnel about the companys position in annual visits to assigned agencies consistent with experience.
Ability to travel up to 25%
Perform other tasks as needed.
Qualifications:
Must-Have:
Bachelors degree with at least 5 years relevant experience in commercial Insurance or equivalent
Equivalent is defined as having at least 9 years of risk management experience.
Must possess the ability to appropriately apply loss development and advanced loss analysis concepts to achieve optimal pricing of a risk.
Must be able to creatively utilize coverage features deductibles or reinsurance on individual risks to achieve company objectives.
Requires strong math aptitude excellent verbal and written communication interpersonal and negotiating skills.
Must possess knowledge of various computer programs internet-based programs and PC literate in the use of spreadsheets.
To qualify applicants must be authorized to work in the United States and must not require VISA sponsorship now or in the future for employment purposes.
Prefer to Have:
Aviation underwriting experience.
Aviation commercial general liability experience and a deep understanding of exposure within this space.
CAIP CPCU ARM or AU industry designations.
INS21 22 and 23 or equivalent is a plus.
All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity national origin disability or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.
Our Culture
IAT Insurance Group is the largest private family-owned property and casualty insurer in the U.S. Insurance Answers Together is how we define IAT in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.
At IAT were committed to driving and building an open and supportive culture for all. Our employees propel IAT forward driving innovation stable partnerships and growth. Thats why we continue to build an engaging workplace culture to attract and retain the best talent.
We offer comprehensive benefits like:
26 PTO Days (Entry Level) 12 Company Holidays 38 Paid Days Off
7% 401(k) Company Match and additional Profit Sharing
Hybrid work environment
Numerous training and development opportunities to assist you in furthering your career
Healthcare and Wellness Programs
Opportunity to earn performance-based bonuses
College Loan Assistance Support Plan
Educational Assistance Program
Mentorship Program
Dress for Your Day Policy
Compensation:
Please note that the annual gross salary range associated with this posting is $58900 $153200. Actual salaries will vary based on factors such as a candidates qualifications skills competencies and geographical location related to this specific role. The total compensation will include a base salary performance-based bonus opportunities 401(K) match profit-sharing opportunities and more.
To view details of our full benefits please visit Experience:
IC
About Company
IAT Insurance Group provides specialty property casualty insurance solutions for both businesses and individuals.