Company Details:


A constellation in the southern hemisphere, Vela means "sails of a ship" in Latin. In 1996, Vela Insurance Services began operations writing excess and surplus lines casualty business. In the beginning, the primary focus was on construction and manufacturing risks but expanded to write a variety of general casualty and professional liability classes. Today, we offer both national service and local knowledge to our exclusive wholesale broker network and the businesses they serve.


The Company is an equal employment opportunity employer. Responsibilities:
Based on a level of authority granted by underwriting management, an Associate Underwriter will perform a full range of policy underwriting functions related to the line of business, including but not limited to, accepting or declining risks, determining appropriate coverage levels and terms for accepting risks, preparing policies for issuance and performing a variety of broker liaison/account servicing functions. This position may be assigned a small underwriting territory as part of their development with guidance by either a more senior level underwriter or manager. The Associate Underwriter will handle business of moderate volume or complexity.

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  Process requests for quotes on applications for new and renewal business.
• Review and analyze request/application to determine acceptability under current company guidelines and policies, seeking additional information from brokers as needed; prepare worksheets documenting analysis; approve or decline, determining appropriate terms for accepting risks, considering exposures, amount of coverage, need for inspection reports, corrective measures, and the like. Notify broker of/explain reasons for decisions to decline; give broker quotes.
• Prepare application and related forms for rating; review completed rating and all forms following rating for accuracy and completeness; initiate actual issuance of the policy, annotate approval prior to routing the task to be issued.
• Ensure all policy documents and internal processing forms are completed.
• Order survey/inspection if needed; review inspection results; determine appropriate follow-up actions, if indicated, and notify agents.
• Process policy renewals: review policies coming up for renewal; initiate pre-renewal notices to agents; if policy is to be renewed and all necessary information obtained, process for rating and issuance.
• Review loss run reports and determine overall impact to decision making on risk.
• bind policies based upon guidelines within underwriting authority and will increase as they gain experience.
• Other duties as assigned.

Qualifications:

• Two (2) or Four (4) year College Degree (Risk Management or STEM preferred)
• Experience within Excess & Surplus insurance.
• Excellent math, analytical and problem-solving skills.
• Excellent communication skills, written and verbal.
• Proficient with Microsoft Word, Excel and Outlook preferred.

Additional Company Details: We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.