Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.
At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best.
ABA Insurance Services Inc., a division of Great American, has been a long-term, stable source of insurance for banks since 1987. The bank program is a market-leading insurance solution for financial institutions, recognized for its underwriting and claims expertise, and endorsed by the American Bankers Association and 36 state bankers' associations.
http://www.greatamericaninsurancegroup.com/about-us/business-operations/division/aba-insurance-services
ABA Insurance Services is searching for an Underwriting Specialist to join our Property & Casualty team. This individual will be underwriting both new and renewal business for financial institutions. This job offers a hybrid work opportunity for individuals who are in the Shaker Heights, OH area. We are also open to remote employees with the expectation of visiting the office 4-6 times a year.
Essential Job Functions and Responsibilities
Evaluates and underwrites new and renewal business in accordance with Company underwriting guidelines and risk appetite.
Uses independent judgment and initiative to support business goals.
Develops and implements risk assessment models to make informed decisions on coverage, pricing, and terms.
Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation
Procures and analyzes supplementary reports and screenings, such as motor vehicle reports, loss history reports, and external inspections, to support underwriting decisions.
Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.
Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers.
Stays updated on industry trends, regulatory changes, and market conditions.
Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes.
Builds and maintains business relationships with internal and external customers to attract and retain profitable business.
Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers.
Develops and strengthens relationships with agents and brokers through proactive phone conversations, clear written communication, and in-person engagement during travel.
May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
Performs other duties as assigned.
Job Requirements
Bachelor’s Degree or equivalent experience in Business, Liberal Arts or a related discipline.
Generally, a minimum of 9 years of experience in Underwriting Commercial P&C lines.
P&C Insurance License preferred, but not required for hire. Candidates must get their P&C license within their first 6 months of employment.
Ability to travel approximately 10% of the time.
Proficient in Microsoft Office Suite and strong ability to learn new software quickly and efficiently.
Excellent interpersonal and communication skills.
Business Unit:
ABA Insurance Services
Salary Range:
Benefits:
Compensation varies by role, position level, and location. Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.
We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match. These benefits are available to eligible full-time and part-time employees.
Your recruiter can provide more details about our total rewards and specific compensation ranges during the hiring process.
Top Skills
What We Do
Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses. We have more than 30 specialty property and casualty insurance businesses, and in 2021, approximately 50% of our gross written premium in our property and casualty operations was generated by business units with a Top 10 market ranking.
Great American Insurance Company has received an "A" (Excellent) or higher rating from the AM Best Company for more than 110 years (most recent rating evaluation of "A+" (Superior) affirmed December 3, 2021). The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio.
