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The Role
Underwrite and monitor complex contract surety accounts, evaluating submissions, losses, pricing, profitability, and risk exposure. The manager accepts, declines, rates, quotes, and binds new and renewal business while developing a profitable book of business. Responsibilities include building relationships with agents and reinsurers, maintaining underwriting documentation, supporting marketing plans, and exercising sound underwriting judgment on high-premium or high-risk accounts.
Summary Generated by Built In
About Us We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, deliver and succeed together. Creating a different and better insurance experience doesn’t just happen. It takes focus and a shared passion for going beyond the expected to forge relationships and deliver care that makes a difference. This approach rises from and is supported by our talented, ethical and smart team of employee owners united around a single purpose: to work alongside our customers and partners when they need us, in unexpected ways, with exceptional results. Apply today to make a difference with us. RLI is a Glassdoor Best Places to Work company with a strong, successful background. For decades, our financial track record has been stellar — a testament to our culture and validation of our reputation as an excellent underwriting company.Position PurposeUnder general oversight, support the administration of the company’s underwriting structure. Underwrite and monitor accounts and account lines. Develop and execute a marketing plan. Perform and monitor the risk analysis. Analyze, evaluate, accept, decline, rate, quote, and bind new submissions. Has greater ownership and accountability over the review of complex sources of profit and selecting appropriate risks. Principal Duties & Responsibilities
- Analyze, evaluate, accept, decline, rate, quote, and bind new or renewal submissions with high premium or risk exposure.
- Build strong relationships between agents, reinsurers, and contacts.
- Review complex submissions, account losses, pricing models, and profitable premiums.
- Review complex sources of profit by selecting appropriate risks.
- Assist with special projects or other duties as needed.
- Typically requires a bachelor's degree in insurance, finance, risk management, business or a related field
- Minimum of 7+ years of related experience for consideration
- [OR] equivalent level of education and experience
- Ability to know proper sign off & correct UW judgement in most cases.
- Possess a thorough understanding of the internal processes of the product and displayed understanding of loss rating/credibility.
- Working toward building and maintaining a profitable book of business.
- Consistent display of complete/organized files at audits and documentation is at a level that judgement/pricing is easily understood by anyone’s review.
- Shown initiative and work ethic that demonstrates a higher level of understanding and commitment to the underwriting process.
- Building and maintaining their own profitable book of business.
- Annual bonus plans
- Employee stock ownership plan (ESOP)
- 401(k) — automatic 3% company contribution
- Annual 401k and ESOP profit-sharing contributions (Up to 15% of eligible earnings)
- 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, critical illness, & accident insurance for purchase
- Short-term and long-term disability benefits
- Training & certification opportunities
- Tuition reimbursement
- Education bonuses
Skills Required
- Bachelor's degree in insurance, finance, risk management, business, or a related field
- 7+ years of related experience
- Equivalent combination of education and experience
- Understanding of underwriting processes, loss rating, and credibility
- Ability to exercise appropriate underwriting judgment and sign-off authority
- Ability to build and maintain a profitable book of business
RLI Insurance Company Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about RLI Insurance Company and has not been reviewed or approved by RLI Insurance Company.
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Retirement Support — Retirement contributions, including company-funded 401(k) support, are repeatedly described as a standout strength with robust plans. Feedback suggests these programs materially enhance overall rewards beyond base pay.
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Equity Value & Accessibility — An employee-ownership culture via an ESOP and stock opportunities is emphasized, helping employees feel like stakeholders in the company’s performance. This ownership element is portrayed as a meaningful part of total rewards.
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Fair & Transparent Compensation — Pay is considered fair and competitive by many across roles, with multiple notes of feeling well compensated. Compensation is often framed as solid base pay paired with comprehensive benefits and time off.
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The Company
What We Do
RLI is a U.S.-based specialty insurer that serves niche property, casualty and surety markets. We provide peace of mind to the customers we serve by safeguarding their assets and helping them manage risk. We hire smart, ethical people, make them owners of the business and give them the freedom to succeed. These are the principles that drive our success, and they’re the reasons we have been successful for more than 50 years. We believe in a different way of doing business and RLI is not what you’d expect from a typical insurance company. Our creative and collaborative workplace is cultivated by employee owners empowered to make good decisions for customers and the business. We have a reputation for niche expertise, superior service and an entrepreneurial culture. In the industry and among our peers, we’re known for: The best and brightest people in the industry who build strong relationships and provide outstanding service. An underwriting focus so we perform well in all market cycles. Our empowered, creative ownership culture. A customized approach to developing insurance products to meet very specific needs. Proven financial strength.
