Sr. Excess Underwriter - NY Construction
Join to apply for the Sr. Excess Underwriter - NY Construction role at RLI Insurance Company
Sr. Excess Underwriter - NY Construction
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Join to apply for the Sr. Excess Underwriter - NY Construction role at RLI Insurance Company
About Us
Were not like other insurance companies. From our specialty products to our business model, our culture to our results were different. Different is who we are, and how we work, interact, deliver and succeed together. Creating a different and better insurance experience doesnt just happen. It takes focus and a shared passion for going beyond the expected to forge relationships and deliver care that makes a difference. This approach rises from and is supported by our talented, ethical and smart team of employee owners united around a single purpose: to work alongside our customers and partners when they need us, in unexpected ways, with exceptional results. Apply today to make a difference with us.
About Us
Were not like other insurance companies. From our specialty products to our business model, our culture to our results were different. Different is who we are, and how we work, interact, deliver and succeed together. Creating a different and better insurance experience doesnt just happen. It takes focus and a shared passion for going beyond the expected to forge relationships and deliver care that makes a difference. This approach rises from and is supported by our talented, ethical and smart team of employee owners united around a single purpose: to work alongside our customers and partners when they need us, in unexpected ways, with exceptional results. Apply today to make a difference with us.
RLI is a Glassdoor Best Places to Work company with a strong, successful background. For decades, our financial track record has been stellar a testament to our culture and validation of our reputation as an excellent underwriting company.
Position Purpose
Under general oversight, the Sr. Excess Liability Underwriter is responsible for the production, underwriting, and management of high-hazard excess liability risks, primarily within the complex and nuanced New York construction market. This role requires deep underwriting expertise, broad market knowledge, and strong broker engagement. Our underwriters have ownership over underwriting decisions, provide complex account analysis, and are expected to proactively drive submission flow and contribute to portfolio profitability for NY construction risks.
Principal Duties & Responsibilities
- Analyze, evaluate, rate, quote, and bind new and renewal excess liability submissions with construction risk exposure and an emphasis on New York-based risks.
- Develop, manage, and strengthen relationships with appointed producers and wholesalers specializing in construction placements.
- Collaborate with internal and external stakeholders (e.g., actuarial, claims, loss control, and legal) to support technical underwriting decisions.
- Contribute to the development of marketing strategies and broker outreach plans to increase submission flow and new business opportunities.
- Maintain a consistently organized and well-documented underwriting file to clearly communicate decision-making rationale and risk assessment.
- Serve as a key contributor to portfolio discussions by identifying market trends, loss drivers, and potential underwriting improvements related to NY construction risks.
- Assist with special projects such as needed.
- Typically requires a bachelor's degree in insurance, finance, risk management, business or a related field
- Minimum of 5+ years of related experience for consideration
- (OR) equivalent level of education and experience
- Ability to use analytical methods in underwriting processes to find workable solutions.
- Ability to verbally and in writing, communicate findings and recommendations to internal and external contacts on underwriting matters.
- Ability to use software to summarize and analyze large amounts of data.
- Understands, applies, & properly documents nature of operations of the risk for accounts assigned & communicates findings.
- Ability to prepare, review, and complete underwriting analysis of accounts.
- Analytical skills and understanding of submission requirements, model entry, and product appetite.
- Participates in underwriting related continuing education.
- Ability to generate innovative solutions within the underwriting department.
- Presents solutions to management on non-standard issues without prior oversight or guidance from manager.
- Working toward building and maintaining a profitable book of business.
The base salary range for the position is listed below. Please note that the base salary is only one component of our robust total rewards package at RLI. The salary offered will take into account a number of factors including, but not limited to, geographic location, experience, scope & responsibilities of the role, qualifications/credentials, talent availability & specialization, as well as business needs. The below range may be modified in the future.
Base Pay Range
$109,173.00 - $156,118.00
Total Rewards
At RLI, we're all owners. We hire the best and the brightest employees and allow them to share in the company's success through our Total Rewards. With the Employee Stock Ownership plan at its core, the Total Rewards program includes all compensation, benefits and perks that come with being an RLI employee.
Financial Incentives
- Annual bonus plans
- Employee stock ownership plan (ESOP)
- 401(k) automatic 3% company contribution
- Annual 401k and ESOP profit-sharing contributions (Up to 15% of eligible earnings)
- Paid time off (PTO) and holidays
- Paid volunteer time off (VTO) to support our communities
- Parental and family care leave
- Flexible & hybrid work arrangements
- Fitness center discounts and free virtual fitness platform
- Employee assistance program
- Comprehensive medical, dental and vision benefits
- Flexible spending and health savings accounts
- 2x base salary for group life and AD&D insurance
- Voluntary life, critical illness, & accident insurance for purchase
- Short-term and long-term disability benefits
RLI encourages its employees to pursue professional development work in insurance and job-related areas. We make a commitment to employees to provide educational opportunities that help them enhance their skills and further their career advancement. RLI fosters a true learning culture and encourages professional growth through insurance courses, in-house training and other educational programs. RLI covers the cost for most programs and employees typically earn a bonus upon successful completion of approved courses and certifications. Our personal and professional growth benefits include:
- Training & certification opportunities
- Tuition reimbursement
- Education bonuses
Our goal is to attract, develop and retain the best employee talent from diverse backgrounds while promoting an environment where all viewpoints are valued and individuals feel respected, are treated fairly, and have an opportunity to excel in their chosen careers. We actively support, and participate in, initiatives led by the American Property Casualty Insurance Association that aim to increase diversity in the insurance industry. Cultivating an exceptional and diverse workforce to deliver excellent customer service reinforces our culture and is a key to achieving superior business results.
RLI is an equal opportunity employer and does not discriminate in hiring or employment on the basis of race, color, religion, national origin, citizenship, gender, marital status, sexual orientation, age, disability, veteran status, or any other characteristic protected by federal, state, or local law.
Seniority level
Seniority level
Mid-Senior level
Employment type
Employment type
Full-time
Job function
Job function
Finance and Sales-
Industries
Insurance
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