About this Experienced Underwriter - New England role at PURE Insurance
About the role.
The Experienced Underwriter is a key member of the Underwriting team reporting to the Regional Underwriting Manager. The primary goal of this position is to profitably grow a book of business by actively partnering with brokers and working effectively with colleagues throughout the organization. This person will plan and budget for the book of business, develop and maintain broker relationships, and execute underwriting decisions.
Underwriting Specialists are able to handle the large, complex accounts, and are expected to handle key relationships with a broker at the principle and PL manager level as well as drive business in the door through active engagement with COIs.
What you’ll do.
- Business Management. Planning and budgeting for the book of business, tracking and reporting performance to plan, and developing a clear view of market conditions and competitive landscape.
- Broker Partnership. Development, maintenance and management of key broker partnerships; development of strategies and goals for brokers and tracking of progress; and positioning PURE within a broker partner, including:
- Deliver exceptional, timely, complete and accurate service to brokers
- Develop trusted, respected and lasting relationships with broker partners
- Work with brokers to craft best solutions for their clients
- Share knowledge and best practices with brokers
- Underwrite empathetically at all times
- Underwriting Execution. Responsible for new and renewal underwriting execution, including selecting risks in line with PURE’s strategy and underwriting guidelines, operating within authority and documentation guidelines and following up on accounts and closing new business.
- Underwriting Referrals. Responsible for delivering excellent referral service to more junior Underwriters on the Underwriting team, and assisting in their development.
- Franchise Management. Command of their book of business and ability to clearly identify and address profitability and growth issues and implement effective profit improvement strategies with minimal outside support.
What we’re looking for.
- Bachelor’s Degree
- Minimum 7 years high net worth underwriting experience
- Demonstrated technical expertise and product specific knowledge
- Strong analytical skills
- Demonstrated proficiency in sales and marketing
- Strong interpersonal, communication and negotiation skills.
- Ability to effectively interact with all levels of internal and external business partners; including insurance brokers.
- Experience developing and executing on marketing plans and prospects
- Ability to be creative and adaptable in a changing business environment
- Sound, balanced and timely decision making skills
- Knowledge of Microsoft Office Suite as well as other business-related software
What We Do
We're a member-owned property and casualty insurer designed exclusively for financially successful families and driven by a purpose of doing what is right for our members. We provide exceptional service, hospitality and care, we partner with our members to help prevent losses and we create smart insurance solutions at fair prices.
We aim for our members to love their insurance. It is our mission is to create a membership experience so compelling that our members never want to leave.
Who We Are
We want to be transparent about what we expect from each other. From PURE, you can expect:
Opportunities to stretch and grow: your professional and personal development matters to us. We’re committed to providing experiences through on-the-job learning and professional development that increase your impact and rewards.
Clarity and kindness: you can rely on us to be open, honest and supportive, offering clarity on what success looks like.
Support in good times and bad: we believe in showing up for each other consistently, not only when it’s easy. You can expect a thoughtful partner, even when we disagree.
A community that cares: we are committed to sustaining a community in which each person feels cared for as an individual. We lift each other up, celebrate wins together and support one another through challenges in work and life.
Who You Are
All of the strongest relationships are a partnership- a two way street. So here’s what we ask of you:
- Aim to bring your best every day: you’re here because you want to be part of a team that makes a real impact and aims high.
- Be a student and a teacher: share your knowledge and talents and be willing to listen and learn from those around you.
- Get comfortable being uncomfortable: we face tough moments and obstacles with a “courage over comfort” approach and a positive, solutions-oriented mindset.
- Be a culture builder: building a positive culture is everyone's responsibility, based on care, respect and openness to diverse perspectives.
Compensation Package
The base salary for this role can range from $100K - $140K, based on a full-time work schedule. An individual’s ultimate title and compensation will vary depending on job-related skills and experience, geographic location, alignment with market data, and equity among other team members with comparable experience. You will also be eligible for annual merit-based increases and discretionary bonuses.
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