Online Underwriter - Commercial
MMC

Job Info

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ICAT is seeking candidates for the following position based in Broomfield, Colorado.

Online Underwriter - Commercial

What can you expect?

• You will acquire first-hand experience of the inner workings of a Managing General Agency (MGA) and gain specific understanding on how catastrophic modeling influences and supports underwriting, pricing, business planning, capital setting, and risk management processes.
• You can expect to make a direct impact on business results by utilizing your analytical skills to enable sound risk selection
• You will be joining an experienced, collaborative team that excels in communication and supports one another's successes and failures with empathy and understanding.
• Your career will be supported with a hands-on training and development plan that encourages you to own your career and better yourself by discovering your motivations.

What is in it for you?

• Flexible, hybrid work schedule
• Culture of collaboration, internal mobility, and valued partnership with assigned offices.
• Competitive pay with bonus potential, full benefits package, generous 401k match and contribution and vacation days commensurate with experience level.
• Tuition reimbursement and participation in our Employee Stock Purchase plan.

We will count on you to:

• Review and approve inspection review findings and recommendations on bound accounts.
• Demonstrate a proficient understanding of ICAT's forms, endorsements, and rating methodology.
• Assist in the comprehensive review and analysis of submissions.
• Determine risk of loss by meticulously studying rate tables, codes, computer records, and references to ensure accurate assessment of terms and conditions for coverage.
• Support the issuance of insurance policies by calculating premium rates, collaborating with brokers to develop optimal insurance terms and conditions, and meticulously examining insurable conditions in alignment with underwriting policy.
• Assist in identifying and capitalizing on new business opportunities to expand the client base.
• Effectively communicate internally and externally to gather information, provide rate quotes, and clarify company policies, thereby facilitating the underwriting process for client/broker (in the UK) accounts of varying complexity.
• Collect and analyze comprehensive information on all new and existing insurance applications to drive the development of new business strategies.
• Collaborate with other departments to ensure accurate preparation of insurance underwriting information, including policy intent, interpretation, and appropriate course of action for existing claims.
• Support and grow assigned producer relationships by providing ongoing customer service and problem-solving.

What you need to have:

• BA degree in insurance, business, or related field preferred or equivalent work experience.
• Minimum 2 years of progressive underwriting experience within the commercial property insurance industry or comparable experience.
• Analytical aptitude; critical thinking

What makes you stand out?

• 3+ years of progressive underwriting experience with agency management experience within the commercial insurance industry.
• Knowledge of commercial property forms, pricing, and rating methodology, modeling, and valuation tools.
• Working towards CPCU or other insurance designation.
• Strong verbal and written communication including formal and informal presentation skills.
• Strong interpersonal skills for interacting with team members.
• Professional presence.

Marsh is the world's leading insurance broker and risk adviser. With more than 45,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue of over $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. For more information, visit marshmclennan.com, follow us on LinkedIn and Twitter.

Founded in 1998 and based in Broomfield, Colorado, ICAT is a leading provider of property insurance protection to homeowners and businesses located in hurricane- and earthquake-exposed regions of the United States. ICAT draws from highly specialized underwriting expertise and advanced technology tools to offer brokers and their clients market-leading catastrophe coverage. Along with its subsidiary, Boulder Claims, ICAT's inherent promise to policyholders is to assist people and businesses as they recover from disasters. ICAT programs currently protect over 85,000 homeowners and business owners in catastrophe-exposed regions of the US.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law.

If you have a need that requires accommodation, please let us know by contacting TANA@mmc.com

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.

Application Closing Date: May 7th, 2024 at 23:59 EST

#ICAT

The applicable base salary range for this role is $51,600 to $110,000.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

Applications will be accepted until: May 8, 2024

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