Underwriter (Private Co. D&O/EPL/Fiduciary)
Who we are at Embroker
Embroker is the digital insurance company committed to transforming business insurance. With a radically simple approach, Embroker is replacing the 1970’s technology of the insurance industry, with a first-ever end-to-end digital insurance platform that provides better coverage and reduced cost; all in minutes, not hours. Founded in 2015 and headquartered in San Francisco, Embroker has raised over $150M of funding from leading fintech investors.
Radically Simple > Needlessly Complex.
The value of this position
Underwriter is a newly created role at Embroker that will:
- underwrite business that falls outside of our online quoting platform;
- expand the appetite of our online quoting platform;
- optimize our portfolio;
- assist the insurance product manager in refining our risk and product/market fit; and
- assist the insurance team in our strategic initiatives
What you will own in this role
- Grow your business:
- Production associated with all referrals for new and renewal business for private company management liability.
- On a quarterly basis, importing lessons from manual underwriting to maximize the appetite, market penetration and growth of the online platform.
- Beat the Pegged Loss Ratio:
- Setting profitable terms, conditions, and pricing for referrals to ensure risk adjusted underwriting profitability.
- On a quarterly basis, importing lessons from manual underwriting to ensure profitability.
- Portfolio Management:
- Recommend portfolio optimization improvements;
- Insurance Team Project Work:
- Assist the insurance team and insurance product managers in project work that drives growth, scale, insurance profitability and radically simplifying insurance.
What experience we think is the right fit
- College Degree required.
- Minimum 5 years of technical private company management liability underwriting experience.
- High level Proficiency in policy language and legal concepts affecting management liability.
- Insurance product management and/or portfolio management is a plus.
Our Pack at Embroker lives our values
- Pack First
We succeed and fail as one team. We always optimize for what is best for our entire organization. We communicate honestly and openly, treat each other with mutual respect, and assume positive intent in interactions.
- Create Magic
We deliver delightful experiences at every customer touchpoint and dedicate ourselves to make each one exceptional. We build transformational world-class products by applying our full creativity to find solutions to even the hardest problems.
- Be All-In
We make focused commitments. We are accountable to ourselves and each other to deliver on time. We move fast and attack challenges with relentless positivity. We build things that make us proud.
We believe that systemic structures and practices disproportionately disadvantage the most marginalized people in society — including people of color, people from working-class backgrounds, women, and LGBTQ people. We believe that these communities must be represented and included in the work we do, to make our Pack stronger, more creative, and improve the way we do business. We strongly encourage applications from people with these identities or who are members of other marginalized communities.