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Excess & Surplus Underwriter

Introduction

Looking to join a vibrant organization that makes a difference?

As part of the CM Vantage team, you'll work with some of the most experienced and knowledgeable people in the industry and achieve your own growth and career satisfaction while finding fulfillment in serving those who serve others. We foster a workplace where all employees are treated with dignity and respect; diversity, inclusion and belonging are woven into the fabric of our company through our customers, employees, leadership, business relationships and outreach programs. Join us and Stand for Good.

What you’ll be doing:

Underwrite accounts to develop a book of business that will achieve profitability goals that meet division objectives. Analyze and evaluate risk, recognize exposure to make sound underwriting decisions on risk acceptability, coverage alternatives, risk management recommendations, and pricing. Work with team members and assist in all levels of individual risk underwriting decisions, underwriting strategy, book management, and efficient operations and technology. Continually maintain and build upon business relationships with various constituencies, including but not limited to fellow employees, assigned brokers, reinsurers, and vendors.

On any given day, you’ll:

I. As assigned and within established authority, effectively write and retain profitable business aligned with division objectives.

II. Build a strong working relationship with producers.

III. Analyze and evaluate risk, recognizing exposures to make sound underwriting decisions on risk acceptability, coverage alternatives, risk management recommendations, and pricing and/or perform these duties on larger or more complex risks.

IV. Respond in a timely manner to work/questions.

V. Develop opportunities for information flow.VI. Maintain and continue to develop technical knowledge and expertise.

VII. Develop leadership skills through internal and external publications, seminars, and conferences. Share knowledge gained with peers.

IX. Contribute to the management team, discussing issues, developing efficiencies, and identifying and assisting in resolving conflicts.X. Participate/lead assigned projects and special research projects as necessary.

XI. Travel required up to 10 percent.

XII. Perform other duties as assigned.

Here’s what we expect

1. Prior Experience:

• Five years or more of underwriting, product development, product management, claims, risk management, distribution management, or related functions with a proven record of favorable accomplishments. Significant knowledge of the property and casualty industry is required, with knowledge of surplus and specialty lines preferred.• Demonstrated experience with tactical application of business strategy.

 

2. Education:

• Bachelor's degree or comparable industry experience may be considered with a high school diploma or equivalent required.• CPCU, ASLI, ARM, or equivalent designations preferred, or evidence of continuing and progressive education in the insurance industry.

 

3. Necessary Knowledge and Abilities:

• Solid technical knowledge of commercial insurance forms, rates, and rules.• Understanding of the state and federal regulatory environment.• Skilled in building relationships, sound judgment, making decisions, and influencing others. • Understands the big picture and goals of the company. Helps drive the business unit results to contribute to the overall success and goals of the organization.• Possesses a customer-centric service philosophy.• Above-average communication skills.• Negotiation, facilitation, and consensus building skills.• Thorough understanding or ability to learn new lines of business, including insurance procedures, processes, and product lifecycle management.• Ability to promote a team environment of creative innovation.• Understanding of CM | Vantage’s mission, philosophy, goals, and objectives.• Ability to travel to meet with producers, brokers, vendors, and industry service organizations

 

NOTE: The CM Group is made up of Church Mutual Insurance Company, S.I., CM Regent Insurance Company, CM Vantage Specialty Insurance Company and CM Select Insurance Company.

 

Church Mutual is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

 

Exact compensation will vary based on consideration of a variety of factors including education, skills, experience, and location.

Minimum Compensation

USD $80,800.00/Yr.

Maximum Compensation

USD $121,100.00/Yr.

Average salary estimate

$100950 / YEARLY (est.)
min
max
$80800K
$121100K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Excess & Surplus Underwriter, Church Mutual Insurance, S.I.

The role of the Excess & Surplus Underwriter at CM Vantage in Madison is an exciting opportunity for anyone looking to make an impact within a vibrant organization. In this position, you will underwrite accounts to build a profitable book of business while working alongside some of the best professionals in the industry. You'll delve deep into analyzing and evaluating risks, making informed decisions on risk acceptability, coverage options, and pricing strategies. It's not just about crunching numbers; it's about fostering relationships with brokers, reinsurers, and vendors to ensure that both the clients and the organization thrive. On an average day, you could be managing complex risks or developing your technical knowledge through various seminars and conferences. Your experience in underwriting, product development, or risk management, along with a customer-centric mindset, will help you excel in this role. With a supportive culture that values diversity and belonging, CM Vantage encourages you to grow both personally and professionally. With the possibility of travel and participation in special projects, this position offers the chance to contribute meaningfully while achieving your own career goals. Join us, and together, we can stand for good.

Frequently Asked Questions (FAQs) for Excess & Surplus Underwriter Role at Church Mutual Insurance, S.I.
What are the responsibilities of an Excess & Surplus Underwriter at CM Vantage?

As an Excess & Surplus Underwriter at CM Vantage, your primary responsibilities include analyzing and evaluating risks, making sound underwriting decisions, and building a profitable book of business. You'll collaborate with team members on underwriting strategies and engage effectively with brokers and other stakeholders to ensure client satisfaction and operational efficiency.

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What qualifications are needed to become an Excess & Surplus Underwriter at CM Vantage?

The qualifications for the Excess & Surplus Underwriter position at CM Vantage include having five or more years of relevant experience in underwriting or risk management, and a background in the property and casualty industry. A bachelor's degree or equivalent industry experience is required, with preferred certifications like CPCU, ASLI, or ARM enhancing your candidacy.

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What skills are essential for an Excess & Surplus Underwriter at CM Vantage?

Essential skills for an Excess & Surplus Underwriter at CM Vantage include strong technical knowledge of commercial insurance forms, excellent decision-making abilities, interpersonal skills for relationship building, and above-average communication competencies. You should also possess negotiation skills and a customer-centric service philosophy to thrive in this role.

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How does CM Vantage support the professional development of its Excess & Surplus Underwriters?

CM Vantage supports professional development by providing opportunities for continuing education, attending industry seminars and conferences, and promoting a culture of knowledge sharing among colleagues. This dedication to employee growth ensures you stay up-to-date on industry trends and enhance your leadership skills.

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What does a typical day look like for an Excess & Surplus Underwriter at CM Vantage?

A typical day as an Excess & Surplus Underwriter at CM Vantage involves underwriting accounts, analyzing risk profiles, making underwriting decisions, and building relationships with various stakeholders. You'll also spend time managing ongoing projects and contributing to team discussions, all while keeping your technical skills sharp through continuous learning.

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Common Interview Questions for Excess & Surplus Underwriter
Can you explain your approach to risk analysis as an Excess & Surplus Underwriter?

During the interview, you could explain your systematic approach to risk analysis by detailing how you assess exposure, utilize data trends, and leverage industry knowledge to make sound underwriting decisions. Providing examples from past experiences will help demonstrate your expertise.

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How do you prioritize tasks when managing multiple underwriting accounts?

In answering this question, you might discuss methods such as using project management tools, setting deadlines, and communicating with team members to ensure all accounts are handled efficiently and effectively without compromising quality.

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What strategies do you use to build relationships with brokers and producers?

You can talk about your proactive approach, such as scheduling regular check-ins, providing timely feedback, and showcasing your willingness to understand their needs, which builds rapport and trust and fosters long-term professional relationships.

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Describe a time when you had to make a difficult underwriting decision.

When responding, share a specific incident that illustrates your decision-making process, detailing the factors you considered, the outcome, and the lessons learned. Highlight how your knowledge and skills played a role in arriving at that decision.

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How do you stay updated on changes in the insurance industry?

Discuss your commitment to ongoing education, such as reading industry publications, attending webinars, or being active in relevant professional organizations. Providing examples of how you've applied what you've learned can also reinforce your answer.

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What do you believe are the key elements of successful underwriting?

You can emphasize the importance of accurate risk assessment, client communication, strong analytical skills, and strategic pricing. Elaborating on how these elements contribute to both profitability and client satisfaction would be beneficial.

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How would you handle a disagreement with a broker regarding underwriting terms?

Focus on your conflict resolution skills, explaining how you would approach the situation with open communication, propose potential compromises, and maintain a professional demeanor to support long-term relationships.

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What makes you a good fit for the Excess & Surplus Underwriter role at CM Vantage?

In answering this, be sure to highlight your relevant experience, skills, and passion for the role, aligning them with CM Vantage's values. Sharing specific projects or accomplishments that mirror the position’s responsibilities will make your answer stand out.

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How do you assess the profitability of an underwriting account?

Discuss your approach to profitability assessment by explaining how you analyze historical data, project future risks, and calculate potential returns to ensure underwritten accounts align with company objectives.

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What role does teamwork play in underwriting at CM Vantage?

You might say that teamwork is essential, particularly in complex underwriting scenarios where collaboration leads to better decision-making. Giving examples of how you’ve successfully worked as part of a team will strengthen your response.

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MATCH
VIEW MATCH
FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
No info
HQ LOCATION
No info
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
March 28, 2025

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