Underwriter - HAI Group

Position Overview

The Underwriter is responsible for multi- lines accounts and well as policy reviews. The Underwriter must have broad knowledge of Commercial P&C insurance and reinsurance and the impact the risk may have on financials of business. They price new and renewal policies, coordinates policy services and works with outside vendors and consultants. The HAI Group Underwriter also works closely with insurance services to members, agency services, program management and marketing support. The Underwriter would be responsible for the Commercial Liability and Commercial Property policies for all Public and Affordable housing book of business within their assigned territory.

Essential Functions

• Monitor account performance within assigned territory
• Handle reporting requirements
• Build strong relationships with members, agents and brokers within assigned territory for service and retention
• Analysis, evaluation and problem-solving; makes tough decisions

Knowledge, Skills, Abilities:

• Communicate and negotiate effectively
• Critical thinking and problem solving; understands the impact of decisions
• Mathematical aptitude
• Team player; builds cross-functional relationships
• Attention to detail

Job Requirements

Required:

• Bachelor’s degree, or equivalent work experience
• 3+ years’ experience in commercial lines underwriting
• Advanced knowledge of the concepts of Risk Management
• Understanding of basic contracts, credit reports, etc.
• Self-motivated; works independently
• Uncompromising judgment and decision making
• Identifies challenges and identifies solutions
• Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future.

Preferred:

• Agent’s license
• Certificate in General Insurance

Work environment & Physical Demands

• Inside climate-controlled office building
• Ability to lift 25lbs
• <10% Travel
• Prolonged sitting and using a PC

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Department Overview

The Underwriting department evaluates the risk of all current or prospective public and affordable housing properties and operations eligible for insurance coverage. The department fully analyzes risk and exposures and then prices the account based upon established underwriting guidelines and state regulations. The underwriting team’s role also includes CAT exposure analysis, coverage evaluation, price negotiation, program profitability, market conditions, reinsurance requirements and policy reviews. The team operates closely with various departments including Claims, Marketing, Risk Control, and across the organization to provide high level services/products to all members.

Company Overview

HAI Group®[1], is the nation’s leading property-casualty insurance company founded by and dedicated to affordable housing organizations. While we are recognized as a pioneer of affordable housing insurance programs, insurance is not our only strength. We protect, preserve, and promote the sustainability of affordable housing with an array of products and services that support the challenges housing organizations face. Besides insurance, we offer risk management services, online training, and consulting services used by more than 1,500 housing organizations nationwide. Headquartered in Cheshire, Connecticut, HAI Group® was recognized as a Top Workplace in 2020, 2021, 2022, 2023 and 2024.

Cultural Objective

HAI Group contributes to a culture that creates a safe and healthy working environment and a space of inclusiveness and belonging for all by: exceeding our customers’ expectations, working collaboratively across the organization, embracing diversity, and demonstrating mutual respect and empathy.

HAI Group Benefits and Perks

• Bonus program eligibility
• Annual merit program
• Outstanding 401(k) program and non-elective contribution
• Flexible work schedules
• Generous paid time off, paid volunteer days and paid holidays
• Medical, vision and dental Insurance
• Company paid life, AD&D, short-term disability, and long-term disability coverage
• HSA, FSA and dependent care options
• On-Site wellness: Full gym and locker rooms, wellness initiatives, outdoor basketball and tennis court, picnic pavilion area
• Tuition reimbursement and loan repayment
• Professional development
• Community outreach

HAI Group is an Equal Opportunity Employer.

No agency submissions please. Resumes submitted to any HAI Group employee without a current, signed and valid contract in place with the HAI Group Recruiting team for this position will become the property of HAI Group and no agency fees will be paid.

[1] HAI Group® is a marketing name used to refer to insurers, a producer, and related service providers affiliated through a common mission, management, and governance. Property-casualty insurance and related services are written or provided by Housing Authority Risk Retention Group, Inc.; Housing Authority Property Insurance, A Mutual Company; Housing Enterprise Insurance Company, Inc.; Housing Specialty Insurance Company, Inc.; Innovative Housing Insurance Company Inc.; Housing Investment Group, Inc.; and Housing Insurance Services, Inc. (DBA Housing Insurance Agency Services, Inc. in NY and MI).

Notice of Collection of PI: https://www.housingcenter.com/wp-content/uploads/2022/12/2023-HAI-Notice-of-Collection-Employees_1099_Applicants.pdf