Commercial Insurance Underwriter II
Company: USAA
Location: Colorado Springs
Posted on: April 24, 2024
Job Description:
Why USAA?Let's do something that really matters.
At USAA, we have an important mission: facilitating the financial
security of millions of U.S. military members and their families.
Not all of our employees served in our nation's military, but we
all share in the mission to give back to those who did. We're
working as one to build a great experience and make a real impact
for our members.
We believe in our core values of honesty, integrity, loyalty and
service. They're what guides everything we do - from how we treat
our members to how we treat each other. Come be a part of what
makes us so special!The OpportunityAs a dedicated Commercial
Insurance Underwriter II -you will collaborate with the commercial
underwriting team, have a strong sense of curiosity and the ability
to exercise critical thinking skills and solution oriented. -This
is for New Business Ventures and Innovation team, working in a
fast-paced startup environment on the Small Business Insurance
department. Responsible for implementation and management of
commercial insurance underwriting processes and programs to ensure
all underwriting processes are compliant, driven in a
cost-efficient manner and effective in achieving desired outcomes.
Supports development and implementation of Commercial Insurance
Underwriting policies and processes to achieve business results.
Partners with internal team members to maintain Commercial
Insurance Underwriting policies and procedures while ensuring
compliance with state regulations. -We offer a flexible work
environment that requires an individual to be in the office 4 days
per week. This position can be based in one of the following
locations: San Antonio, TX, Plano, TX, Phoenix, AZ, Colorado
Springs, CO, Charlotte, NC, Chesapeake, VA or Tampa, FL. Relocation
assistance is not available for this position.What you'll do:
- Apply knowledge of contract coverages, underwriting programs,
market data, state-specific, and other regulatory information to
make underwriting decisions related to commercial insurance
operations and/or transactions.
- Evaluate risk and make underwriting determination for
commercial lines of business within established guidelines and
limits of authority.
- Connect with internal business partners on underwriting
programs, philosophy, and individual file decisions.
- Support the development and implementation of business
guidelines, controls, and strategies consisted with company policy
and goals.
- Monitor performance, implement controls, and proactively find
opportunities to improve/automate underwriting policies, programs,
and processes.
- Responsible for projects, issues or initiatives of smaller
scope or low rated risks for underwriting processes and/or
solutions.
- Provides advice and shares knowledge and perspective with other
employees who execute on underwriting programs, guidelines, and
processes.
- Evaluates data to conduct root cause analysis and apply
process-oriented approaches to identify and tackle gaps within the
process.
- Ensures risks associated with business activities are optimally
identified, measured, monitored, and controlled in accordance with
risk and compliance policies and procedures.What you have:
- Bachelor's degree; OR 4 years of related experience (in
addition to the minimum years of experience required) may be
substituted in lieu of degree.
- 2 years of insurance underwriting experience OR 2 years as a
producer or agent of commercial insurance products.
- Knowledge of relevant industry practices, trends, and
regulatory requirements.
- Experience reviewing and analyzing data to draw conclusions and
make recommendations.
- Proficient knowledge of Microsoft Office Suite.What sets you
apart:
- Experience underwriting a Business Owner Package (BOP)
product
- CPCU designation
- Experience with General Liability product
- Experience and knowledge of Inland Marine product
- Excess/Umbrella product knowledge
- Strong negotiation skills
- Ability to execute in an entrepreneurial/start up
environment
- US military experience through military service or a military
spouse/domestic partnerThe above description reflects the details
considered necessary to describe the principal functions of the job
and should not be construed as a detailed description of all the
work requirements that may be performed in the job.What we
offer:Compensation: USAA has an effective process for assessing
market data and establishing ranges to ensure we remain
competitive. You are paid within the salary range based on your
experience and market data of the position. The actual salary for
this role may vary by location. The salary range for this position
is: $ 54,940.00 - $ 98,440.00.Employees may be eligible for pay
incentives based on overall corporate and individual performance
and at the discretion of the USAA Board of Directors.Benefits: At
USAA our employees enjoy best-in-class benefits to support their
physical, financial, and emotional wellness. These benefits include
comprehensive medical, dental and vision plans, 401(k), pension,
life insurance, parental benefits, adoption assistance, paid time
off program with paid holidays plus 16 paid volunteer hours, and
various wellness programs. Additionally, our career path planning
and continuing education assists employees with their professional
goals.For more details on our outstanding benefits, please visit
our benefits page on USAAjobs.com.Applications for this position
are accepted on an ongoing basis, this posting will remain open
until the position is filled. Thus, interested candidates are
encouraged to apply the same day they view this posting. -USAA is
an Equal Opportunity Employer. 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.
Keywords: USAA, Colorado Springs , Commercial Insurance Underwriter II, Other , Colorado Springs, Colorado
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