Work with purpose.

Career Opportunities in the True Portfolio

Commercial Underwriter



Marketing & Communications, Software Engineering
Madison, WI, USA
Posted on Saturday, August 19, 2023
Are you an underwriting professional who thrives in high-stakes, transformative environments? Do you find satisfaction in mitigating risk, identifying opportunities, and shaping the course of a rapidly growing company? If so, it's time to take your career to the next level with us! As a Commercial Underwriter at Understory, you will be at the forefront of an innovative venture, wielding our proprietary hyperlocal climate risk engine to reshape the future of insurance. Your pivotal role in accurately assessing and pricing risk will contribute significantly to the creation of sustainable insurance products.In our dynamic, flexible, and collaborative environment, you will work alongside a team of experts in weather and climate, insurance, data science, technology, and R&D. Your strategic insights and decision-making skills will play a crucial role in supporting our clients' severe weather risk mitigation efforts. Your main role responsibilities will include:
  • Directing the assessment, underwriting, and pricing of complex commercial insurance risks
  • Guiding the review of insurance applications to accurately gauge the degree of risk involved
  • Steering the development of innovative underwriting strategies to achieve business growth and profitability
  • Collaborating closely with sales, customer service, and senior management teams to manage, retain, and grow our client base
You're exactly the leader we're looking for if you:
  • Hold a Bachelor's degree in Finance, Economics, or a related field
  • Have a minimum of 3 years of commercial underwriting experience, with a track record of managing large accounts (property experience is a plus)
  • Demonstrate advanced analytical, decision-making, and leadership skills
  • Have an in-depth knowledge of insurance policies, regulations, and market trends
  • Possess outstanding communication and negotiation abilities
  • Are highly organized, with the capacity to manage multiple priorities and lead a team
Compensation includes:
  • Base salary commensurate with experience
  • Full-time benefits
About UnderstoryUnderstory is a leading provider of insurance solutions built for the era of climate change. The company's global network of Dot weather stations powers the world's most sophisticated weather risk model. By combining mutualized, optimized risk structures with precision weather technology and modeling, Understory develops affordable, stable property insurance solutions.Traditional insurance is no longer fit for purpose. Natural catastrophes driven by the volatility of climate change is increasing rates and restricting coverage. Insurance and reinsurance companies are pulling out and leaving 76% of global assets unprotected. Transformation is inevitable, and disruption is coming to a $1T market. Understory cracked the code, and our approach is the only way to close this gap.Comprising a compact yet fiercely dedicated & passionate remote team, Understory is a mission-centric, results-driven start-up that thrives on relentless adaptability and resilience. We cherish accountability and push the limits at breakneck speeds, always backed by the unwavering support of our colleagues. To sustain our drive, we significantly emphasize work-life harmony, nurturing our families, and fostering our communities.Understory, headquartered in Madison, Wisconsin, is poised to rewrite the story of insurance. To embark on this exciting journey with us, visit www.understoryweather.com.Powered by JazzHRM1RYLTgLSy