Underwriter Trainee/Underwriter/Sr. Underwriter - Medical

Allied World Assurance Company Ltd

Chicago, IL

JOB DETAILS
SALARY
$70,000–$110,000 Per Year
SKILLS
Actuarial Skills, Analysis Skills, Brokerage, Career Development, Claims Management, Coaching, Communication Skills, Corporate Funding, Customer Support/Service, Delivery Management, Distribution Channel, Healthcare, Internal Audit, Litigation, Management Strategy, Marketing, Mentoring, Pricing, Profit & Loss, Programming Tools, Reinsurance, Reporting Skills, Risk Management, Service Delivery, Training Program, Underwriting, Willing to Travel, Writing Skills
LOCATION
Chicago, IL
POSTED
8 days ago

Take the next step in your career with us.

Allied World is an ideal place for talented professionals who are driven by a belief in the value of collaboration and the power of knowledge.

We believe that when our great people work together and support one another, our clients receive the best solutions. We embrace unique perspectives and empower each person to grow through professional development, career training and mentoring programs.

Our people are our most important asset, and we are very proud of the quality of our team members.

Job Summary:

Critically evaluate health care organizations operations, litigation experience and commitment to clinical risk management strategies in the delivery of medical services to patient population. Utilizing underwriting tools, e.g., models, actuarial services, claims and risk management colleagues to determine appetite for risks, pricing and coverage offerings while meeting projected premium and profitability goals. Comply with divisional and corporate underwriting guidelines, administrative standards and time service standards.

Job Duties and Responsibilities:

  • Compliance with underwriting guidelines, systems and procedures

  • Perform general underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions, and quote/binder/invoice authorizations

  • Work within authority and receive proper approval from regional manager as necessary.

  • Liase with Claims Department on any specific claims activity and overall market claims concerns, which could potentially affect profitability

  • Consistent with Internal Audit department procedures, achieve compliance with all underwriting and administrative guidelines

  • Conduct marketing meetings with brokers as directed by the regional manager.

  • Attend client/broker meetings, lunches, dinners and other social outings as applicable.

  • Follow treaty and facultative reinsurance protocols as required

  • Stay current with respect to major industry issues and developments

  • Provide specific reports as needed by senior staff

  • Other duties as assigned

Requirements:

  • Solid Writing and Communication Skills

  • 1-4 years underwriting experience preferred

  • Organizational skills, and ability to change task quickly

  • Ability to work independently as well as in a group setting

  • Willingness to travel

  • Must be able to think originally, be willing to challenge ideas and be receptive to having their own ideas challenged

  • Working understanding of excel or a quick study

The salary range for this role is between:

$70,000 - $110,000

The annualized base pay range is a broad range based on analysis of similar positions in the market. The actual base pay for the position may be above or below the listed range and determined by a number of considerations, including but not limited to complexity, location, and scope of the role, along with experience, skills, education, training, and other conditions of employment. Base salary represents one component of Allied World's comprehensive total reward package, which may also include annual incentive compensation rewards.

Our generous benefits package includes: Health, Dental and Disability Insurance, a company match 401k plan, and Group Term Life Insurance. Allied World is an Equal Opportunity Employer. All qualified applicants will be considered for employment without consideration of any disability, veteran status or any other characteristic protected by law.

Working at Allied World

Our team of over 1,650 professionals has deep expertise in the industry. They enjoy their work, and many have served for several years. This is what you can expect when you join us:

  • Instant membership in the Allied World - a global network of colleagues who will support your career journey
  • A manager who will help you build your career through a structured coaching program
  • Access to a full suite of learning and development tools and resources

Global Presence

Headquartered in Bermuda, Allied World has offices in Atlanta, Boston, Brisbane, Chicago, Costa Mesa, Dallas, Dublin, Farmington (CT), Hong Kong, Houston, London, Los Angeles, Malaysia, Manchester, Miami, Nashville, New Jersey, New York, Philadelphia, San Francisco, Singapore, Sydney, Switzerland and Toronto. We strive to provide exceptional service to our clients and distribution partners.

About the Company

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Allied World Assurance Company Ltd