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E&S Property Underwriter



Marketing & Communications
Madison, WI, USA
Posted on Wednesday, February 14, 2024
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 an E&S Property 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 creating profitable 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 be crucial in supporting our clients' severe weather risk mitigation efforts.

Your primary role responsibilities will include:

  • Directing the assessment, underwriting, and pricing of complex commercial insurance risks
  • Guiding the review of insurance applications to gauge the degree of risk involved accurately
  • 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 what 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 E&S property underwriting experience, with a track record of managing large accounts (liability experience is a plus)
  • Have strong broker and carrier relationships
  • 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
  • Experience in Dealer's Open Lot or Operational All Risks coverage is a strong plus

Compensation includes:

  • Base salary commensurate with experience
  • Full-time benefits

About Understory

Understory 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 it's coming to the global property insurance 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.

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