Underwriting Professional I

at Aon in Chicago, Illinois, United States

Job Description

Underwriting Professional I
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 to three days per week, at our Chicago office location.
Aon is in the business of better decisions
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.
What the day will look like
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.
Skills and experience that will lead to success
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
Education:
Bachelor's Degree preferred or equivalent 5 years of insurance experience
How we support our colleagues
In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, 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, but we also recognize that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!
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, diverse 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.
We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email
Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
The salary range for this position (intended for U.S. applicants) is $70,000 to $80,000 annually. The actual salary will vary based on applicant's education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also... For full info follow application link.

Aon provides equal employment opportunities (EEO) 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, or domestic partner status. Aon is committed to a diverse workforce and is an affirmative action employer.