Technical Underwriter - Commercial Surety (remote from Texas)
Remote, United States
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 Purpose*This will be a remote position, ideally from Houston, TX or surrounding areas.
Under occasional oversight, support the underwriting functions of a product line. Underwrite new or renewal individual accounts. 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.
Principal Duties & ResponsibilitiesDirector will have profit and loss responsibility for a book of business within the territory. This can be a remote position with preferred geographic location being Houston, TX.
Develop and execute a marketing plan for new business by targeting key brokers, arranging meetings and attending industry functions.
Perform all required underwriting functions including financial analysis, account analysis, industry analysis, and administrative responsibilities.
Adhere to underwriting guidelines and authority limits.
Serve as a resource on underwriting and territory issues to other members of the Commercial Surety team, located across the country.
Lead special projects and other duties as needed.
Requires a bachelor’s degree in business, insurance, or a related field and 5+years of experience in a similar field or position.
Knowledge, Skills, & CompetenciesAbility to use analytical methods in underwriting processes to find workable solutions.
Ability to communicate findings and recommendations to management on underwriting matters.
Excellent verbal and written communication skills.
Ability to meet objectives while operating independently
Ability to apply a strategic perspective to improve underwriting functions.
The base salary range for the position is listed below. Please note that the base salary is only one component of our robust total rewards package at RLI. The salary offered will take into account a number of factors including, but not limited to, geographic location, experience, scope & responsibilities of the role, qualifications/credentials, talent availability & specialization, as well as business needs. The below range may be modified in the future.
Base Pay Range
$149,167.00 - $213,114.00Total RewardsAt RLI, we're all owners. We hire the best and the brightest employees and allow them to share in the company's success through our Total Rewards. With the Employee Stock Ownership plan at its core, the Total Rewards program includes all compensation, benefits and perks that come with being an RLI employee.
Financial Incentives
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)
Work & Life
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
Health & Wellness
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
RLI encourages its employees to pursue professional development work in insurance and job-related areas. We make a commitment to employees to provide educational opportunities that help them enhance their skills and further their career advancement. RLI fosters a true learning culture and encourages professional growth through insurance courses, in-house training and other educational programs. RLI covers the cost for most programs and employees typically earn a bonus upon successful completion of approved courses and certifications. Our personal and professional growth benefits include:
Training & certification opportunities
Tuition reimbursement
Education bonuses
Our goal is to attract, develop and retain the best employee talent from diverse backgrounds while promoting an environment where all viewpoints are valued and individuals feel respected, are treated fairly, and have an opportunity to excel in their chosen careers. We actively support, and participate in, initiatives led by the American Property Casualty Insurance Association that aim to increase diversity in the insurance industry. Cultivating an exceptional and diverse workforce to deliver excellent customer service reinforces our culture and is a key to achieving superior business results.
RLI is an equal opportunity employer and does not discriminate in hiring or employment on the basis of race, color, religion, national origin, citizenship, gender, marital status, sexual orientation, age, disability, veteran status, or any other characteristic protected by federal, state, or local law.
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Regions
Countries
Remote position preferred from Houston, TX or surrounding areas
Benefits/Perks401K contributions Annual bonus plans Employee Assistance Program Employee Stock Ownership Plan Paid Time Off Profit Sharing
Tasks- Build relationships
- Lead special projects
- Perform financial analysis
- Profit and loss responsibility
- Review submissions
- Support underwriting functions
- Underwrite accounts
Account analysis Analytical Methods Communication Financial analysis Industry Analysis Marketing Strategic perspective Underwriting
Experience5 years
EducationBachelor's degree Business Insurance Related Field
TimezonesAmerica/Anchorage America/Chicago America/Denver America/Los_Angeles America/New_York Pacific/Honolulu UTC-10 UTC-5 UTC-6 UTC-7 UTC-8 UTC-9
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