Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.
At Great American, we value diversity and recognize the benefits gained when people from different cultures, backgrounds and experiences work collaboratively to achieve business results. We are intentionally focused on fostering an inclusive culture and know valuing diversity is an essential leadership quality. Our goal is to create a workplace where all employees feel included, empowered and enabled to perform at their best.
The Great American Risk Solutions Division provides industry leading Property and Casualty products via wholesale brokers on an excess and surplus basis. They are made up of many different teams such as Property, Binding, Product liability, Construction, Healthcare, RMU, and Product Recall.
https://www.greatamericaninsurancegroup.com/about-us/business-operations/division/great-american-risk-solutions
The Healthcare/Life Sciences team is looking for an experienced Production Underwriter to either work fully remote within the United States or hybrid out of the Cincinnati, OH headquarters.
A life sciences underwriter is responsible for evaluating and managing the risks associated with insuring companies in the life sciences sector, which includes pharmaceuticals, biotechnology, medical devices, and related fields. This role requires a deep understanding of the life sciences industry, strong analytical skills, and the ability to build and maintain relationships with brokers.
Essential Job Functions and Responsibilities
Has responsibility for risk selection/rejection, pricing, retention, growth, and profitability per divisional objectives.
Uses independent judgment and initiative to support business goals.
Maintains a high level of customer service.
Analyzes coverage and limit requests and decides what terms to offer.
Prices business in accordance with company guidelines.
Assesses risk quality and compliance within company guidelines and initiates appropriate loss prevention actions.
Orders and screens miscellaneous reports needed in the rating and underwriting processes, such as Motor Vehicle reports, loss history reports, credit checks, outside inspections, loss control, etc.
Develops and maintains effective business relationships with internal and external customers/coworkers in order to attract and retain profitable business.
Visits agents, brokers, and producers in order to retain existing accounts, build and maintain business relationships, and develop new opportunities in support of divisional objectives.
Administers, applies, and may update underwriting rules and guidelines, rating manual rules, and insurance laws and regulations.
Provides technical advice to lower level associates and other functional areas.
May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
Performs other duties as assigned.
Job Requirements
Bachelor’s Degree or equivalent experience.
Generally, 6 to 10 years of related experience. Life Science underwriting experience preferred.
May be in the process of obtaining or may have already completed certification in area of expertise; appropriate certifications could include Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS) or Associate of Risk Management (ARM).
Position requires frequent day and overnight travel, more than 10% but less than 35% of time, to visit agents and brokers.
Business Unit:
Great American Risk Solutions
Salary Range:
$70,000.00 -$150,000.00
Benefits:
Compensation varies by role, position level, and location. Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.
We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match. These benefits are available to eligible full-time and part-time employees.
Your recruiter can provide more details about our total rewards and specific compensation ranges during the hiring process.
