Casualty Binding Production Underwriter Chicago

Commercial Lines Casualty/Excess Casualty Production Binding Underwriter

Job Summary

Seeking experienced and driven Commercial Lines Casualty/Excess Casualty Production Binding Underwriters to join a growing team. This role is focused on new business production and offers the opportunity to build and grow a book of business, with the potential to inherit a seven-figure revenue book depending on experience. Ideal candidates will have strong marketing capabilities, proven sales ability, and the ambition to succeed in a competitive environment.

Compensation Package

• Base Salary: $80,000 – $125,000 (potential to reach $135,000+ for candidates with a significant book of business and strong relationships)
• Bonus Structure (Commission-Based): Eligibility begins once the producer generates 2x their base salary in revenue and covers support staff costs.
• Equity Participation: Opportunity for future equity participation in a privately held company.
• Additional Benefits: Comprehensive benefits package, professional development opportunities, and licensure cost coverage if needed.

Responsibilities

• Build, maintain, and grow a book of business.
• Manage agency relationships and serve as the lead client contact.
• Develop and execute a marketing plan to increase new and renewal business.
• Rate, quote, and bind risks to determine acceptability, coverage, and pricing for large or complex renewals and new business.
• Submit underwriting referrals to company brokerage facilities and management.
• Monitor key metrics to ensure success in new business hit rates, renewal retention, premium growth, and loss ratios.
• Lead, train, and develop Assistant and Associate Underwriters or Brokers.

Qualifications/Requirements

• Education: Bachelor’s degree or equivalent combination of education and experience.
• Experience: Minimum of 3 years in commercial lines underwriting or brokerage; excess & surplus experience preferred.
• Skills: Demonstrated proficiency in sales and marketing, strong organizational skills, and attention to detail.
• Licensure: Insurance license required (or willingness to obtain, with costs covered by the company). CPCU, CIC, or comparable designations preferred.
• Personality: Proven ability to build relationships, drive results, and thrive in a fast-paced environment.
• Professional Development: Interest in continued education and professional growth.

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