Production Underwriter (E&S Property)

Company Intro

ARU, founded in 2016, has quickly risen to become the U.S. leader in specialty PROPERTY insurance product development, underwriting, loss control, and technology.

• In 2021, .
• Additional notable developments include the creation of an internal unit that provides white-labeled product development / underwriting / technology services to carriers and the creation of a claims-handling subsidiary
• 2024 is ARU’s fifth year in a row of growing more than 50% on a year over year basis, exclusively from organic growth. Equally as important, while many other Property writers struggle with profitability, ARU's proprietary methods continue to generate a healthy and sustainable underwriting portfolio
• ARU’s Farm lines of business include , and . ARU’s fastest growing line (by far) is , where ARU has expanded and diversified into E&S Commercial Property, with an initial focus on ag and ag-adjacent occupancies. Today, Flex stands as our largest focus for growth within the company
  
  

POSITION INTRO

ARU’s roots run deep in delivering sustainable and profitable solutions to historically-challenging classes of Farm Property risks. In 2021, ARU expanded into the E&S Commercial Property market, initially focusing on Ag-related or Ag-adjacent occupancies, including Milling, Refining, Processing, Manufacturing, Warehouses, etc. As part of this initiative, ARU began establishing wholesale relationships and distributing via the wholesale channel for the first time.

With the combination of a substantially larger Total Addressable Market, larger individual risks, broader distribution, and ARU’s proven proprietary methods, the expansion into E&S Commercial Property has generated tremendous additional growth alongside market-leading underwriting profitability. Among ARU’s next initiatives is considering higher TIV schedules and participating in shared and layered risks, including writing up to $10M Primary layers.

ARU currently seeks an entrepreneurial-minded, senior PROPERTY production underwriter with demonstrated success in the highest-hazard occupancies to help us deliver expanded solutions to our wholesale relationships, while escalating our pace of profitable growth.

Examples of Recent Binds

A few words from ARU's CEO Will Johnson:

"I started ARU in 2016 at ground zero, with zero customers, zero revenue, and one big foundational idea: other market participants were operating fundamentally flawed models that were not sustainable. A completely new approach was needed -- an approach that looked ahead instead of backward and was based on the best available science, data, and technology. Fast forward to today… many of ARU’s competitors' unsustainable practices have caught up to them, and they have been forced to leave the space outright. Meanwhile, ARU is one of the fastest-growing specialty insurance organizations in the United States, with a strong and healthy underwriting portfolio.

We are now seeking our next great contributor: a technically-proficient, growth-oriented, Property underwriter who can match the existing team’s enthusiasm to wake up every day, roll-up-your-sleeves, and build something GREAT. If this sounds like you, I invite you to reach out to ARU."

WHAT WE’RE OFFERING TO YOU:

• You will have a key role in the fastest-growing business unit of ARU
• ARU is one of the fastest-growing specialty insurance organizations in the U.S.
• ARU is a meritocracy, where individual performers are rewarded and promoted.
• You will receive a competitive compensation package, with base salary, quarterly production bonus, annual bonus, and benefits.
• You will have 100% employer-paid health insurance, a company-funded HSA account, generous PTO, and a 100% vested retirement plan with company match
• You will work in a supportive, team-driven environment, as part of a team dedicated to being the "best in the world."
• You will be working in a 100% remote position, for an employer that proactively supports its employees’ comfort and safety
  
  

PRIMARY DUTIES:

• Help ARU be the best in the world at what we do, and do not ever settle for mediocrity. Actively participate in ARU’s culture of collaborative problem-solving
• Seek opportunities to bring current knowledge / expertise and apply to ARU’s practices, procedures, and approaches. Actively participate in ARU’s culture of collaborative problem-solving. Perform with a high level of polish and professionalism, in all spoken and written communications. Address internal and external business challenges in a graceful and tactful manner. Learn and grow as a professional; prepare for increased responsibilities in the company.
• Grow and leverage relationships with wholesale brokers, and use a solutions-based approach to generate new business Property submissions that are within company appetite targets.
• Underwrite Property submissions by reviewing risk characteristics, weather metrics, and other available information, in accordance with written authority guidelines and proprietary company methods. Determine appropriate rates and terms for the risk. Provide world-class service to wholesale brokers and other internal and external stakeholders. Notify brokers of quote indications, formal quotes, underwriting decisions, underwriting requirements, status, and declinations. Negotiate with brokers to reach positive and profitable outcomes.
• Deliver new business binds that are within ARU’s appetite and in accordance with company growth / profitability targets
• Master the foundations of ARU’s proprietary E&S policy, and leverage this as part of the company’s overall value proposition. Participate in the ongoing improvement of ARU’s products, in accordance with company growth and profitability targets.
• Collaborate with the VP of Property and CUO on overall portfolio management, ensuring that terms, conditions, and pricing are appropriately balanced between market competitiveness and underwriting profitability.
• Use ARU’s policy admin system and related technology to maintain thorough underwriting files and follow audit and quality control protocols. Facilitate regular communication and collaboration among ARU underwriting, loss control, and claims departments, ensuring that all three are in alignment and are assessing risk in the best possible manner.
• Utilize internal and external Loss Control resources to perform detailed, knowledge based risk assessments, in accordance with proprietary ARU methodology. Leverage Loss Control as a critical part of ARU’s value proposition to both policyholders and carriers.
• Collaborate with the VP of Property, CUO, and other company subject matter experts on an ongoing basis, use subject matter expertise to identify key risk drivers that should be assessed by field Loss Control personnel, and assess necessary remedial actions in accordance with policy rates, terms, and conditions.
• Master the use of ARU standardized hardware, software programs, third party software, and processing procedures
• Other, as assigned
  
  

WHAT WE MINIMALLY REQUIRE - YOUR EDUCATION, EXPERIENCE, AND SKILLSET:

• 3+ years of experience underwriting PROPERTY risks:
• Expertise in underwriting high-hazard occupancies, such as processing, manufacturing, milling, and other non-habitational risks.
• Expertise writing shared and layered placements
• Disciplined, creative, and solutions-oriented
• Advanced knowledge of managing profitable portfolios, including setting terms, conditions, and pricing necessary to maintain competitive footing in the market while also driving underwriting discipline at an account level.
• Required: bachelor’s degree from an accredited 4-year college or university
• Preferred: post-graduate degree or certification such as MBA, CPCU, ARM, etc
• Excellent critical thinker and problem-solver under pressure. High intellectual curiosity, with an enjoyment of learning and self-improvement. Excellent professional presentation and polish, in the spoken word and written form. Excellent technology skills, including the ability to quickly learn new technology. Exceptional thoroughness, accuracy, personal organization, time management, and documentation skills. Proven ability to take ownership of assigned responsibilities and accompanying results
  
  

REMOTE POSITION / HOME OFFICE / TIME ZONE REQUIREMENTS:

• This is a 100% remote position. As such, adherence to remote-work best practices is required, which includes (but is not limited to) having an appropriate professional home-office set-up, with reliable high speed internet. The space used for the office must be a separate enclosed room with a door that closes and that has professional decor appropriate for video conferencing
• As this is a remote position, candidates may live anywhere in the United States. However, working either EASTERN or CENTRAL time business hours is required.
  
  

ABOUT ARU’S CULTURE:

We demand excellence from ourselves and those around us; we work accurately and thoroughly, but also with a great sense of urgency; we are excellent critical thinkers and creative problem solvers; we contribute cheerfully to ARU’s environment of collaborative brainstorming and respectful debate; we love to explore and experiment, and we are comfortable occasionally blazing a trail that ends up actually being a “bridge to nowhere” -- just as long as we fail fast, pivot appropriately, and become tougher and smarter as a result; we love to learn, read, and grow as human beings; we believe in science-based truths, and we know there is no such thing as an alternative fact.

MORE ABOUT ARU:

ARU was founded in 2016 and has quickly risen to become the U.S. leader in specialty Property product development, underwriting, loss control, and technology. ARU uses fundamental scientific principles, granular weather metrics, proprietary technology, and niche expertise to maintain a sustainable and profitable risk portfolio of historically challenging Property risks, all while providing a superior experience to policyholders. ARU serves a diverse network of retail producers, wholesalers, and carriers, providing not only traditional underwriting and loss control services, but also technology, product development, operational support, and reinsurance capacity. ARU is part of the Accelerant Insurance family:

Powered by JazzHR

oa3AfPTn5q