Life Sciences Underwriter

$66,640 - $141,720/Yr

The Hartford - Chicago, IL

posted 5 months ago

Full-time - Mid Level
Remote - Chicago, IL
10,001+ employees
Insurance Carriers and Related Activities

About the position

The Life Sciences Underwriter position at The Hartford is a pivotal role within the Technology & Life Sciences Center Team, which is recognized for its high performance and versatility. This team is dedicated to driving success through collaboration and innovation, and the selected candidate will play a crucial part in this mission. The role involves underwriting for the Life Science industry, specifically focusing on Property & Casualty lines, including Products and Excess Liability. The successful candidate will be responsible for managing the renewal process, which includes strategic planning to create new business opportunities, account expansion, and cross-selling initiatives. This position requires a strong understanding of underwriting guidelines and the ability to apply them effectively when making decisions. In this role, the underwriter will be expected to underwrite renewal business, identify account rounding opportunities, and manage new business cross-sell and up-sell opportunities. The underwriter will also consult with Subject Matter Experts for renewals that exceed their individual authority level and will be responsible for influencing renewal retention and risk-reward outcomes using pricing and underwriting tools. Acting as a trusted advisor to the agency, the underwriter will partner with other underwriters in their assigned territory to enhance results and build deeper relationships with Hartford agencies. Additionally, the underwriter will be responsible for sourcing opportunities for team members and consulting with agents to address coverage questions and direct them to appropriate resources within The Hartford. Excellent service delivery to both internal and external customers is paramount, and the underwriter must be responsive to their needs in a timely manner.

Responsibilities

  • Underwrites renewal business including account rounding opportunities
  • Manages new business cross-sell and up-sell opportunities across team
  • Seamlessly applies all applicable LOB Underwriting guidelines when making decisions
  • Has good knowledge of applicable laws, regulations and governance
  • Underwrites renewals within individual authority level
  • Consults with Subject Matter Experts on renewals outside of individual authority level
  • Responsible for and influences renewal retention and risk-reward outcomes using pricing and underwriting tools as guidance
  • Acts as a trusted advisor to the agency
  • Partners with other underwriters in an assigned territory to drive better results and build deeper Hartford agency relationships
  • Sources opportunities for other team members
  • Consults with the agents to answer questions regarding coverage, explaining processes, directing the agents to appropriate resources within the Hartford based on their unique needs
  • Works with Operations partners to handle mid-term changes that require underwriting involvement
  • Is responsive to the needs of internal and external customers, delivering excellent service in a timely fashion.

Requirements

  • Bachelor's Degree or equivalent combination of education, training and experience
  • 3+ years of Life Science Industry Property and Casualty Carrier underwriting experience including products and excess liability is preferred
  • Demonstrated success in developing and maintaining solid relationships with all internal and external business partners
  • Excellent communication, interpersonal and presentation skills
  • An ability to think analytically about business problems, make recommendations and propose solutions
  • High energy self-starter, who is resilient and has an entrepreneurial spirit
  • Demonstration of solid time, organizational, and desk management skills
  • Goal-oriented and delivers outcomes
  • Ability to challenge the status quo and compete to win
  • Superior technical knowledge and sound decision-making and analytical skills

Benefits

  • Short-term or annual bonuses
  • Long-term incentives
  • On-the-spot recognition
  • Comprehensive health insurance
  • 401k retirement savings plan
  • Flexible work arrangements (Hybrid or Remote)
  • Paid time off for volunteering activities
  • Diversity, Equity, and Inclusion programs
  • Professional development opportunities
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