This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/jobs/12539779 SUMMARY:

This position is a corporate underwriting role focused on exploring new market opportunities, developing innovative products, and enhancing existing offerings within the Commercial General Liability and related Casualty lines of business (excluding Workers\' Compensation and Automobile lines). As a technical underwriting expert in a commercial multi-line setting, this position is instrumental in achieving goals and implementing best practices across all operational units across the Enterprise. Through the management of highly complex business processes or improvement efforts across various departments or lines of business this role is instrumental in ensuring enterprise-wide operational consistency, integrity, and oversight by supporting multiple initiatives, lines of business, and products.

RESPONSIBILITIES/TASKS:

• Responsible for analyzing, researching and reporting on underwriting trends, issues, laws, rules, regulations and best practices, and provides recommendations as appropriate.
• Analyzes current and potential book of business and provides appropriate reports and recommendations.
• Responsible for the development implementation and monitoring of enterprise underwriting policies, procedures and best practices.
• Identifies and establishes strategy for quality control to ensure consistency with best practices and workflows.
• Participates in the identification, preparation and presentation of training and programs at an Operating Unit and Enterprise level.
• Serves as a technical expert and consultant in Corporate Underwriting on responses to questions and concerns for all operating units.
• Analyzes and reviews accounts above the authority limits of Operation Unit managers and underwriters and makes determinations on pricing and programs, as needed.
• Collaborates with enterprise operating units in furtherance of enterprise cost containment strategies as necessary.
• Represents Product Management & Corporate Underwriting and the enterprise, on various committees and events as appropriate and approved.
• Conducts underwriting due diligence assignments, as needed.
• Performs special projects, as assigned. Provides evaluation and input regarding effectiveness of departmental programs and projects.
• Assists in new market development, including creating supporting business cases, drafting white papers and acting as a liaison to departments involved in new market development for multiple commercial lines of insurance.
• Understands complex reinsurance structures, and critically evaluates complex clauses within proportional and non-proportional treaty and facultative reinsurance policies.
• Conduct full policy wording reviews for renewals to ensure compliance with underwriting guidelines.
• Develops underwriting guidelines and letters of authority, for new programs / products within the multi-line arena - including workers compensation plus other commercial lines of insurance.
• Assists with the Market Intelligence Initiative as needed.
• Maintains a clear understanding of all business requirements and applies expert product knowledge throughout the functional design process, including requirement documentation and technology liaising.

This position description identifies the responsibilities and tasks typically associated with the performance of the position. Other relevant essential functions may be required.

EMPLOYMENT QUALIFICATIONS:

EDUCATION:

Bachelor\'s degree in Insurance, Business, Math, Finance, or a related field required. Progress towards, or completion of, industry-recognized professional designations (i.e., CIC, AU, CPCU) pref rred. Certification or progress toward certification is highly preferred and encouraged. Combinations of relevant education and experience may be considered in lieu of a degree. Continuous learning, as defined by the Company\'s learning philosophy, is required.

EXPERIENCE:

Minimum ten (10) years of commercial Property and Casualty underwriting, with strong commercial casualty lines experience and demonstrated technical knowledge with both small and large accounts, or equivalent experience that provides the necessary skills, knowledge and abilities. Experience with alternative market/specialty programs a plus.

SKILLS/KNOWLEDGE/ABILITIES (SKA) REQUIRED:

Extensive knowledge of commercial property and casualty with strong multi-line experience.

Experience in insurance product development and product ideation

Ability to build out multi line capabilities for the enterprise

Experience with insurance related regulatory and governing bodies

Experience in implementing new product offerings into a technology platform

Ability to exercise good judgment in evaluating and determining the propriety of accepting or rejecting commercial property and casualty risks (commercial lines) for the purposes of issuing insurance coverage.

Demonstrate