Senior Underwriting Specialist (VA)
- Experience
- Senior
- Employment
- Full-time
Open to US only. Set where you work from to check your eligibility.
No BS summary
Senior underwriting professional with a minimum of 13 years of underwriting or related experience and a Bachelor’s degree or equivalent. Field role based in Virginia (telecommute/remote) focused on workers’ comp underwriting, advanced risk assessment, and regulatory compliance. Occasional travel required; professional underwriting designations (CPCU, AU, CIC, ARM, etc.) preferred.
Summit provides independent insurance agents and their clients with market-leading workers’ comp insurance and elite customer service. We’re growing and currently serve more than 7,000 independent agents and 31,000 policyholders across the South, Midwest, and Mid-Atlantic. Our strength comes from a single-minded focus on workers’ comp and a commitment to long-term customer relationships. Summit is who you turn to when you need a specialist who not only knows workers’ comp but also gets to know your business and your priorities. Our field team members are located in every state in which we operate. Summit is a member of the Great American Insurance Group where our highest goal is for all employees to feel included, respected, and empowered to perform at their best. Essential Job Functions and Responsibilities Leads the evaluation and underwriting of new and renewal business, ensuring alignment with Company underwriting guidelines and risk appetite. Develops and implements advanced risk assessment models to make informed decisions on coverage, pricing, and terms. Fosters strategic partnerships with actuaries, agents, brokers, and clients to obtain necessary information and provide guidance. Procures and analyzes supplementary reports and screenings, such as motor vehicle reports, loss history reports, and external inspections, to support underwriting decisions. Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations. Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation. Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers. Monitors and shares insights on industry trends, regulatory changes, and market conditions. Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business. Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes. May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports. Performs other duties as assigned. The person hired for this position will work a field role in Virginia. #LI-Remote Job Requirements Education: Bachelor’s Degree in Business, Economics, Risk Management and Insurance, or a related field or equivalent experience. Experience: Generally, a minimum of 13 years of experience in Underwriting or a related field. Completion of or continuing progress toward a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS) or Associate of Risk Management (ARM), or a marketing designation. Scope of Job/Qualifications: Performs work under minimal supervision. Works at the highest authority limits on the most complex assignments. Maintains expert knowledge of company policies and industry laws and regulations. Demonstrates expert analytical, risk assessment, and problem-solving skills. Excellent interpersonal and communication skills. Advanced negotiation and decision-making ability. Familiarity with marketing strategies and tools is beneficial. Recognized as the company expert in the field. May serve as the highest point of escalation for decisions regarding risk and coverage. Position requires occasional travel. Company: SCI Summit Consulting, LLC Salary Range: $107,200.00 -$146,800.00 Benefits: We offer competitive benefits packages for full-time and part-time employees*. Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits. Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Summit is who you turn to when you need a specialist who not only knows workers’ comp but also gets to know your business and your priorities. We provide independent insurance agents and their clients with market-leading workers’ comp insurance and elite customer service. Currently serving more than 7,000 independent agents and 31,000 policyholders across 17 states in the South, Midwest, and Mid-Atlantic, we’re growing with more states coming soon. Our strength comes from a single-minded 100% focus on workers’ comp and a commitment to long-term customer relationships. We’re not a faceless corporation with distant headquarters. Field team members reside in every state in which we operate and are part of the fabric of local communities. As the world becomes increasingly impersonal, Summit offers a customer experience based on relationships and personal service. You’ll always be able to speak to a real human being. You’ll always receive timely answers you can trust. Insurance agents, policyholders, and injured employees can count on three things: 1) More Access. Our team members are not only masters in the field but they’re easy to reach and highly responsive when you need answers. 2) More Know-how. You’ll get better answers from real experts and industry veterans who know workers’ comp, your business, your customers, and your region. 3) More Commitment. You’ll have collaborators who go the extra mile to serve you and who are willing to solve problems that others usually can’t. Summit is a member of Great American Insurance Group and a subsidiary of American Financial Group, Inc (AFG). AFG’s common stock is listed and traded on the New York Stock Exchange under the symbol AFG. Career Seekers Website
What you'll do
- Lead the evaluation and underwriting of new and renewal business, ensuring alignment with Company underwriting guidelines and risk appetite.
- Develop and implement advanced risk assessment models to make informed decisions on coverage, pricing, and terms.
- Procure and analyze supplementary reports and screenings (motor vehicle reports, loss history reports, external inspections) to support underwriting decisions.
- Ensure proper documentation of underwriting decisions and compliance with state and federal insurance regulations.
- Evaluate complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation.
What they require
- Bachelor’s Degree in Business, Economics, Risk Management and Insurance, or a related field or equivalent experience.
- Generally, a minimum of 13 years of experience in Underwriting or a related field.
- Preferred: Completion of or continuing progress toward a professional designation such as AU, CPCU, CIC, INS, or ARM.
- Performs work under minimal supervision and works at the highest authority limits on the most complex assignments.
- Maintains expert knowledge of company policies and industry laws and regulations; demonstrates expert analytical, risk assessment, and decision-making skills.
Benefits
- Medical, dental, and vision coverage
- Paid Time Off and paid holidays
- 401(k) plan with company match
- Parental leave and adoption assistance
- Employee stock purchase plan
Summit provides independent insurance agents and their clients with market-leading workers’ comp insurance and elite customer service.