Commercial Insurance Underwriter (Contract)
Remote (USA)
About the Role:
Sproutr LLC is looking for an experienced commercial underwriter to join our underwriting consulting practice on a 1099/Contract basis to support new product innovation and growth.
Sproutr is a new, first of its kind underwriting and product building firm who exists to accelerate and support insurance-focused companies and Insurtechs in need of “builder” skills. We are subject-matter experts in our respective disciplines and look to use that experience in a more integrated, holistic manner.
At Sproutr, we bring our deep industry expertise to support start-up, early venture, and growth-stage insurance-focused organizations during their build-out phase. We ARE who founders call to create the insurance assets needed to design, incubate, and accelerate their teams’ vision. Above all, we are the insurance practitioners the industry trusts to deliver innovative approaches to products and ideas.
You will be a part of building across different projects at various stages of our clients’ evolution without the pressure of start-up flash. We are insurance veterans who LOVE insurance; looking to clear the path for insurance entrepreneurs.
As we pursue these goals, it remains essential to us that we show-up for our clients and each other in accordance to our values which are: be generous with knowledge, lead from the front, lean with “yes”, and see beyond. At Sproutr, you will be joining a team of professional, supportive industry experts with diverse backgrounds and a shared passion to deliver on our mission to redefine the standards in insurance program design and simplify the process of bringing regulated products to market.
We are looking for a dynamic and consultative program strategist who will be responsible for leading clients through the segment/class/line of business approaches and implementation processes of the insurance program design process. Through a combination of your experience and research, collaborate with clients and Sproutr colleagues to develop marketable program frameworks. The ideal candidate is someone who genuinely wants to advance the insurance industry by applying their experience in new ways. You will be joining a company designed to launch new insurance products/programs.
This role reports to the Program Practice Lead.
What you’ll do:
Use your industry subject-matter expertise to create underwriting procedures for existing, emerging, and developing risks; create underwriting guidelines, application question sets based on customer/distribution strategy, and recommend the underwriting outcomes stemming from the question set; deconstruct traditional underwriting process into if/then/conditional statement and frameworks.
Investigate, identify and articulate where (and how) leveraging data sets or inserting automated underwriting solutions is appropriate.
Perform required industry research, product discovery, and continual learning to support drafting underwriting guidelines to support profitability for the clients’ program/product lines
Translate written underwriting guidelines into programmable assets/specifications
Based on your experience and knowledge, create (from scratch) underwriting operational procedures based on the clients target user experience or method of product distribution
Work with cross-functional team members to put the pieces together; such as actuary, data modeling, sales, coverage counsel, operational and technical product management /engineering
What you bring to Sproutr:
You know the difference between a short-cut and short-term solution
You conduct yourself ethically, always
You are highly-detailed with the ability to filter out the noise to avoid “analysis paralysis”; you can focus on what matters and move forward
You are organized, and others agree
You have a high standard of what “good” looks like; the deliverable represents you and the company
You understand how to deploy the insurance tools available to influence profitability – you bring your learnings for others to benefit
You are able to translate sometimes complex ideas into objective and executable documents, spreadsheets, and operational instructions
You have experience with multiple lines of business
Your experience has come from doing, not just watching others
You don’t need prompting to collaborate with internal colleagues and clients
You show, not just tell
You are interested in learning and understanding how multi-disciplinary insurance practices work together include rating, product development, portfolio management and sales
You are resourceful and can develop solutions creatively
You are patient, emotionally intelligent, and flexible when life happens around you
Qualifications:
5+ years commercial underwriting experience
Experience with Commercial Property, Casualty, and/or Specialty lines serving the small and middle market business sector
Experience with multiple lines of business
Experience working in or supporting MGA/MGU, and/or with an insurance company
Tangible results and track-record of profitable book growth and decision making
Exposure to policy admin system usage, implementation or change management
Understanding of rate-making principals; solid math, analytical and/or quantitative skills
About Sproutr:
Sproutr LLC exists to help founders, distributors, carriers, venture capital firms realize new insurance opportunities by delivering the tangible insurance assets needed to deliver products and programs thru experienced insurance practitioners with “doer/builder” skills to de-risk incremental innovation.
The founder has successfully led insurance business units and underwriting and product teams for Fortune 500 insurance Companies as well as holding executive positions within unicorn Insurtechs.
Compensation:
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