AVP, Underwriting - Financial Institutions

The Opportunity:

The purpose of this role is to support strategic direction for the Financial Institutions management liability portfolio in the Central region, ensuring growth and profitability. This role involves underwriting complex new and renewal business and offering specialist advice. Additionally, this role is responsible for building and maintaining broker relationships, applying technical expertise, contributing to business results, and staying informed about industry standards and new product introductions.

Location:

Chicago, IL

Work Arrangement: hybrid working expectations

Starting Salary: $ – $

• Contribute to the achievement of operational objectives for the underwriting function and/or business unit.
• Perform underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met.
• Provide efficient and timely service to brokers and clients.
• Evaluate risk for new business in accordance with standards, to ensure profitable growth.
• Motivate and develop the team by demonstrating good leadership behaviors and management best practice.
• Initiate and maintain product and rating development by communicating with internal business partners.
• Collaborate with senior department leaders and key stakeholders to influence strategy development.
• Measure and optimize portfolio progress by reviewing and analyzing underwriting data.
• Build and maintain relationships with current and potential customers by providing quality customer service.

Necessary

Work Experience:

Moderate relevant experience.

• Significant underwriting experience in the insurance industry, including operations, sales, underwriting, and claims.
• Established customer/broker relationships.
• Use of risk profiling, pricing tools, and loss models.
• Financial Institutions D&O/E&O underwriting experience.
• Level 2-3 underwriting authority.

The salary range for this role is provided above. This is the national range for the listed locations. The salary offer will be decided based on the role's complexity, its location, and the candidate's professional background, including their education and experience. Beyond the base salary, regular full‑time and part‑time employees will also be eligible for QBE's annual discretionary bonus plan based on business and individual performance.

We encourage all candidates to apply, even if their salary expectations fall outside of this range, as we are committed to finding the right fit for our team.

Analytical Thinking, Communication, Critical Thinking, Decision Making, Financial Management, Insurance Underwriting, Intentional collaboration, Managing performance, Policy Development, Portfolio Management, Problem Solving, Product Management, Risk Management, Stakeholder Management, Strategic Leadership.

We offer a range of benefits to help provide holistic support for your work life, whatever your circumstances. As a QBE employee you will have access to:

• Hybrid Working – a mix of working from home and in the office
• 22 weeks of paid leave for family growth, with 12 weeks available to all parents on a gender‑equal basis
• Competitive 401(k) program with company match up to 8%
• Well‑being program including holistic wellbeing coaching, gym membership, confidential counselling, financial and legal advice
• Tuition Reimbursement for professional certifications and continuing education
• Employee Network and Community – QBE actively supports six Employee Networks and many ways to give back to your community

At QBE, we’re enabling a more resilient future – for our customers, communities, environment, and for our people. We’re building momentum to achieve something significant and know our people are at the center of our success.

Our industry offers interesting and varied careers where you can help people protect what matters most. As part of the QBE team, you’ll get to spend every day working with people who are passionate, talented, and kind. And our international scale means we’re big enough for your ambitions, yet small enough for you to make a real…