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Description
At USAA, we have an important mission: facilitating the financial security of millions of U.S. military members and their families. Not all of our employees served in our nation’s military, but we all share in the mission to give back to those who did. We’re working as one to build a great experience and make a real impact for our members.
We believe in our core values of honesty, integrity, loyalty and service. They’re what guides everything we do – from how we treat our members to how we treat each other. Come be a part of what makes us so special!The Opportunity
As a dedicated Commercial Insurance Underwriter II you will collaborate with the commercial underwriting team, have a strong sense of curiosity and the ability to exercise critical thinking skills and solution oriented. This is for New Business Ventures and Innovation team, working in a fast-paced startup environment on the Small Business Insurance department.
Responsible for implementation and management of commercial insurance underwriting processes and programs to ensure all underwriting processes are compliant, driven in a cost-efficient manner and effective in achieving desired outcomes. Supports development and implementation of Commercial Insurance Underwriting policies and processes to achieve business results. Partners with internal team members to maintain Commercial Insurance Underwriting policies and procedures while ensuring compliance with state regulations.
We offer a flexible work environment that requires an individual to be in the office 4 days per week. This position can be based in one of the following locations: San Antonio, TX, Plano, TX, Phoenix, AZ, Colorado Springs, CO, Charlotte, NC, Chesapeake, VA or Tampa, FL. Relocation assistance is not available for this position.
What you'll do:
Apply knowledge of contract coverages, underwriting programs, market data, state-specific, and other regulatory information to make underwriting decisions related to commercial insurance operations and/or transactions.
Evaluate risk and make underwriting determination for commercial lines of business within established guidelines and limits of authority.
Connect with internal business partners on underwriting programs, philosophy, and individual file decisions.
Support the development and implementation of business guidelines, controls, and strategies consisted with company policy and goals.
Monitor performance, implement controls, and proactively find opportunities to improve/automate underwriting policies, programs, and processes.
Responsible for projects, issues or initiatives of smaller scope or low rated risks for underwriting processes and/or solutions.
Provides advice and shares knowledge and perspective with other employees who execute on underwriting programs, guidelines, and processes.
Evaluates data to conduct root cause analysis and apply process-oriented approaches to identify and tackle gaps within the process.
Ensures risks associated with business activities are optimally identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.
What you have:
Bachelor’s degree; OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.
2 years of insurance underwriting experience OR 2 years as a producer or agent of commercial insurance products.
Knowledge of relevant industry practices, trends, and regulatory requirements.
Experience reviewing and analyzing data to draw conclusions and make recommendations.
Proficient knowledge of Microsoft Office Suite.
What sets you apart:
Experience underwriting a Business Owner Package (BOP) product
CPCU designation
Experience with General Liability product
Experience and knowledge of Inland Marine product
Excess/Umbrella product knowledge
Strong negotiation skills
Ability to execute in an entrepreneurial/start up environment
US military experience through military service or a military spouse/domestic partner
The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.
What we offer:
Compensation: USAA has an effective process for assessing market data and establishing ranges to ensure we remain competitive. You are paid within the salary range based on your experience and market data of the position. The actual salary for this role may vary by location. The salary range for this position is: $ 54,940.00 - $ 98,440.00.
Employees may be eligible for pay incentives based on overall corporate and individual performance and at the discretion of the USAA Board of Directors.
Benefits: At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness. These benefits include comprehensive medical, dental and vision plans, 401(k), pension, life insurance, parental benefits, adoption assistance, paid time off program with paid holidays plus 16 paid volunteer hours, and various wellness programs. Additionally, our career path planning and continuing education assists employees with their professional goals.
For more details on our outstanding benefits, please visit our benefits page on
Applications for this position are accepted on an ongoing basis, this posting will remain open until the position is filled. Thus, interested candidates are encouraged to apply the same day they view this posting.
USAA is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
