Underwriting Professional

Underwriting Professional I - Chicago (hybrid)

Bankers Insurance Service (BIS) business group within Aon Affinity is a leading general underwriter that provides insurance coverage for residential and commercial mortgage lenders. Our products include fidelity bond, E&O, Professional Liability, Mortgage Impairment, D&O, Privacy/Cyber Liability, and Surety coverages tailored to mortgage lenders and other financial institutions.

Within stipulated underwriting authority limits, the Underwriting Professional is accountable for reviewing and evaluating applications for insurance coverage to classify the degree of insurable risk and determine appropriate premium amounts.

This is a hybrid role with the flexibility to work both virtually and in office, two days per week, at our Chicago office location.

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

• Review and evaluate insurance applications and related documents, including financial statements, loss data, and other information needed to properly evaluate and classify the degree of risk in relation to proposed coverage limits.
• Obtain all relevant information not included with the initial submission to ensure a thorough evaluation of the risk.
• Review and evaluate renewal business and recommend appropriate actions to attain premium rate and loss ratio objectives.
• Prepare and review quotations to ensure accuracy prior to presentation to potential clients.
• Approve the coverage’s requested within specified underwriting authority, either as submitted or on a modified basis, or decline the risk in its entirely; refer with recommended action if risk exceeds underwriting authority.
• Review policy forms used in specific programs to ensure consistency.
• Developing and managing a book of business with goals for production, net revenue, rate increase, loss ratio and underwriting audit results.
• Solicit new applications from past producers and clients
• Complete a variety of underwriting projects at the direction of management.

• Mortgage Lending Industry or Financial Institution Industry helpful
• P&C and Surplus Lines Licenses preferred. Will be required to obtain P&C license within three months of hire date, and Surplus Lines within 6 months of hire date.
• Experience with MS Office Suite products
• Bachelor’s Degree preferred or equivalent 5 years of insurance experience

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self thermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well.

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. People with criminal histories are encouraged to apply.

We are committed to providing equal employment opportunities and fostering an inclusive workplace. If you require accommodations during the application or interview process, please let us know. You can request accommodations by emailing Rea or your recruiter. We will work with you to meet your needs and ensure a fair and equitable experience.

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