Associate Financial Products Underwriting Manager

Company: Summit Consulting
Location: Chicago
Posted on: June 2, 2025

Job Description:

Associate Financial Products Underwriting ManagerApply locations Chicago, IL (USA) time type Full time posted on Posted 2 Days Ago job requisition id R7263Be 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.Great American's Executive Liability Division (ELD) is committed to serving its customers with industry-leading expertise and quality management liability products. Our experienced team of underwriters, claims attorneys and marketing professionals work hand-in-hand to deliver effective solutions for public, private and nonprofit clients.ELD is looking for an Associate Financial Products Underwriting Manager to join their team. This individual will work a hybrid schedule out of the Chicago, IL office.Essential Job Functions and Responsibilities

• Coordinates the daily operations of the Financial Products Underwriting team, ensuring efficient workflow and productivity.
• Conducts comprehensive reviews of risk assessments to validate and verify the accuracy of underwriting decisions.
• Cultivates and maintains strong business relationships with internal and external stakeholders to drive profitable growth.
• Collects and reviews reports and screenings, such as motor vehicle reports, loss history reports, and external inspections, to aid in underwriting decisions.
• Responsible for maintaining accurate documentation of underwriting decisions and ensures compliance with state and federal insurance regulations.
• Evaluates policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation.
• Monitors and evaluates underwriting practices, implementing strategic adjustments to improve overall effectiveness and outcomes.
• Coordinates products and services promotions, ensuring alignment with market growth objectives and enhancing customer engagement.
• Provides technical guidance and ensures staff stay informed about industry trends, regulatory changes, and market conditions.
• Performs other duties as assigned.Job RequirementsEducation: Bachelor's Degree in Finance, Economics, Business, or a related field or equivalent experience.Experience: Generally, a minimum of 5 years of underwriting, finance, banking, or related experience. Continuing progress toward and/or the completion of a professional designation preferred, such as Associate in Fidelity and Surety Bonding (AFSB), Chartered Property Casualty Underwriter (CPCU), Certified Public Accountant (CPA), and/or Registered Professional Liability Underwriter (RPLU).Scope of Job/Qualifications: Typically manages 2 or more reports. Responsible for overseeing team priorities and coordinating daily tasks. May occasionally perform tasks alongside direct reports. Operates under policies and procedures with limited oversight. Responsible for performance and coaching of staff and has a participatory role in decisions regarding talent selection, development, and performance management. Provides training to new team members. Exhibits strong analytical skills with the ability to use data to analyze situations, identify problems, and develop effective solutions. Ensures the team is knowledgeable of Underwriting policies and procedures and remains informed on industry laws and regulations.Business Unit: Executive LiabilitySalary Range: $128,000.00 - $174,000.00Benefits: 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.
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Keywords: Summit Consulting, Mishawaka , Associate Financial Products Underwriting Manager, Accounting, Auditing , Chicago, Indiana