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Senior Underwriter

United Educators

  • Bethesda, MD
  • 30+ days ago
  • $122,000–$144,000 Per Year

Highlights

United Educators offers a comprehensive benefits package designed to support employees' health, financial well-being, work-life balance, and professional experience, including: Health & Wellness: Medical with prescription and telehealth benefits, HSA with employer contribution, dental, vision, employer-paid basic life insurance, and short- and long-term disability coverage. Additional Benefits: Performance-based bonus eligibility, hybrid work environment (typically 2–3 days in office per week following initial training), employee events and monthly lunches, and opportunities to participate in Employee Resource Groups (ERGs), the Social Committee, and IDEA.

Numbers & Facts

LocationBethesda, MD
Salary$122,000–$144,000 Per Year

Description

ABOUT UE:

United Educators (UE) is a liability insurance company that serves K-12 schools, colleges, and universities across the United States. UE focuses on long-term partnerships that help educational institutions identify, avoid, and manage risks. Guided by our mission to support education, we provide customized coverage, relevant risk management resources, and claims support grounded in education-sectorexpertise. At UE, you will join a collaborative, mission-driven team committed to delivering flexible insurance solutions, responsive service, and meaningful value to the institutions we serve.

The Senior Underwriter will be responsible for ensuring profitable growth of book of business by appropriately evaluating the acceptability of risks. Builds relationships with members and brokers to manage a challenging and/or complex portfolio of accounts. 

RESPONSIBILTIES:

  • Evaluate applications, account loss experience, and other sources of information to determine eligibility and develop coverage and premium proposals.
  • Negotiate coverage terms and premiums with brokers and members to maintain renewals and attract new business in accordance with underwriting guidelines and corporate goals.
  • Document underwriting thought process and decisions.
  • Quote, issue, and release binders and process policies and endorsements.
  • Respond to broker/member questions regarding scope of coverage, services, and company philosophy.
  • Develop and nurture broker and member relationships.
  • Travel periodically to brokers and members; coordinate conference calls.
  • Understand and appropriately react to more complex accounts and coverage issues.
  • Act as a resource for referrals as well as mentor for less senior staff.
  • Pass all internal self-audits as well as act as auditor during audit of underwriting files of colleagues.
  • Collaborate with Product Development to draft policy language and manuscript endorsements where necessary.
  • Gather pertinent competitive information to assist in developing recommendations for product development.
  • Partner with Business Development to support marketing activities by developing ongoing relationships with brokers to discuss market, quality and profitability of submissions, service standards, and underwriting and/or product changes.
  • Train and educate brokers, members and/or UE staff on Company products, services, processes and underwriting philosophy.
  • Attend company sponsored events and industry functions.
  • Promote the Company's products and services by actively seeking opportunities to speak to brokers or insurance-related groups and by networking within the insurance community to stay abreast of changes within the industry.
  • This position requires adherence to United Educators' cybersecurity policies and industry best practices to protect company and member data. Employees must incorporate security-conscious practices appropriate to their role into daily work and complete required security training. 

REQUIREMENTS:

  • Bachelor's degree
  • Typically requires 8 to 12 years of relevant experience with requisite competencies.
  • CPCU or similar professional insurance designation preferred
  • Requires mastery of skills of a Level III Underwriter and exemplifies the UE Values of Teamwork, Innovation
  • Excellent interpersonal, analytical, verbal and written communication skills
  • Ability to multitask and negotiate diplomatically; proven ability to find creative solutions that strike appropriate balance between member and broker needs while adhering to company underwriting standards; comfortable walking away from the deal, if necessary
  • Demonstrated depth in negotiation, analytical and problem-solving skills, decision making, quantitative reasoning and critical thinking skills
  • Excellent written and verbal communication skills including the ability to overcome objections and create win/win situations
  • Demonstrated ability to develop and maintain relationships with brokers, members and other UE departments; must also exemplify superior teamwork
  • Proven ability to act as a role model and change agent
  • The ability to thrive in an atmosphere of constant change 

The below annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate's work experience, education and training, the work location as well as market and business considerations.

Salary Range
$122,000—$144,000 USD

BENEFITS:

United Educators offers a comprehensive benefits package designed to support employees' health, financial well-being, work-life balance, and professional experience, including:

  • Health & Wellness: Medical with prescription and telehealth benefits, HSA with employer contribution, dental, vision, employer-paid basic life insurance, and short- and long-term disability coverage
  • Retirement: 401(k) with an immediate 3% employer safe harbor contribution. After one year, employees are eligible for an additional 7% employer profit-sharing contribution and a 25% match on the first 5% of employee contributions. Employer contributions are immediately vested.
  • Paid Time Off: 24 days of PTO annually during the first two years of employment, increasing to 30 days beginning in the third year, plus 11 paid holidays, including a floating holiday
  • Additional Benefits: Performance-based bonus eligibility, hybrid work environment (typically 2–3 days in office per week following initial training), employee events and monthly lunches, and opportunities to participate in Employee Resource Groups (ERGs), the Social Committee, and IDEA
  • Culture: An inclusive and supportive workplace focused on providing opportunities for employees to contribute, connect, and succeed

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