Underwriter I - Environmental

RLI Corp. - Peoria, IL

Full-time - Entry Level

Hybrid - Peoria, IL

Insurance Carriers and Related Activities

About the position

The Underwriter I - Environmental position involves underwriting new or renewal individual accounts under supervision. The role focuses on building relationships with producers and reinsurers, reviewing complex submissions, and ensuring profitable premiums. The underwriter will analyze risks, assist in policy approvals, and contribute to special projects as needed.

Responsibilities

• Analyze, evaluate, accept, decline, rate, quote, and bind new or renewal submissions with high premium or risk exposure.
• Build relationships between agents, reinsurers, and contacts.
• Review simple to moderately complex submissions, account losses, pricing models, and profitable premiums.
• Review sources of profit by selecting appropriate risks.
• Assist in the approval, issuance, or change requests for policies.
• Assist with special projects or other duties as needed.

Requirements

• Typically requires a bachelor's degree in insurance, finance, risk management, business or a related field.
• Minimum of 1+ years of related experience for consideration or equivalent level of education and experience.
• Ability to use analytical methods in underwriting processes to find workable solutions.
• Ability to verbally and in writing, communicate findings and recommendations to internal and external contacts on underwriting matters.
• Ability to use software to summarize and analyze large amounts of data.
• Understands, applies, & properly documents nature of operations of the risk for accounts assigned & communicates findings.
• Ability to prepare, review, and complete underwriting analysis of accounts.
• Analytical skills and understanding of submission requirements, model entry, and product appetite.

Nice-to-haves

• Participates in underwriting related continuing education.
• Ability to generate innovative solutions within the underwriting department.
• Has typically obtained letter of authority.
• Has a good understanding of the markets and clients being serviced.

Benefits

• Employee stock ownership plan (ESOP)
• 401(k) — automatic 3% company contribution
• Annual discretionary 401k and ESOP profit-sharing contribution (up to 15% of base salary)
• Annual bonus plans
• Paid time off (PTO) and holidays
• Paid volunteer time off (VTO) to support our communities
• Parental and family care leave
• Flexible & hybrid work arrangements
• Fitness center discounts and free virtual fitness platform
• Employee assistance program
• Comprehensive medical, dental and vision benefits
• Flexible spending and health savings accounts
• 2x Base Salary for Group Life and AD&D insurance
• Voluntary life insurance for purchase
• Critical Illness & Accident insurance
• Short-term and long-term disability benefits