Director of Underwriting - Builder's Risk

Location: Schiller Park
Posted on: June 23, 2025

Job Description:

WTW is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, WTW has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential. Learn more at wtwco.com . Willis Towers Watson (WTW) is seeking ambitious, analytical underwriting talent with 5-10 years of experience in the insurance industry with experience in builders’ risk and property underwriting. This is a high-profile client facing role working directly with WTW CRB NA to develop new and existing partnerships in line with its strategic growth initiatives. The successful candidate will work in a highly collaborative Verita (MGU) team environment. Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity. The Role Work with WTW’s broking team(s), Verita executives, actuaries, and cat modelers to analyze Verita’s insurance risks on a portfolio level to obtain capacity in the form of delegated authority, reinsurance structures and/or other innovative solutions. Negotiate and place Reinsurance Treaties and/or FAC placements utilizing markets from London, the US, Bermuda and around the world. Coordinate and attend underwriting and claim audits with Verita’s capacity markets on a regular basis. Ensure that company, market and client related documentation is issued (internally and externally) accurately and on time. Comply with external regulatory and internal statutory policies, procedures and regulations. Coordinate internal resources, such as analytics, contracts and client services to provide solutions to client(s). Meet with senior management both internally and externally to present materials. The candidate must have experience in Builder’s Risk, General Liability and Property Candidates with significant experience/relationships in one of these areas will be considered and expected to develop the expertise in the other areas. Conduct comprehensive market analysis to identify trends, opportunities, and potential risks to Verita’s portfolio. Engage with capacity providers and reinsurance markets to negotiate terms, pricing, and coverage to secure optimal outcomes for Verita. Stay abreast of industry developments, regulatory changes, and emerging risks that may impact reinsurance strategies. Assist in the training and development of graduate hires. Other duties and responsibilities as assigned. Good understanding of pricing components and rating methodologies Uses all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed Exhibits strong underwriting skills through strategic, thorough account reviews and file documentation Adheres to guidelines and underwriting discipline to minimize exposure and appropriately price risk. Complete understanding and ability to use sophisticated pricing models across various structures, guaranteed cost, captives, SIR’s, deductibles, etc. Qualifications The Requirements: Bachelors degree (B. A.) from a four-year College or university. 8 years of work experience, preferably in Property and Casualty insurance, reinsurance or related non-life insurance consulting. Understanding of Managing General Underwriter program life cycles and placements. Strong negotiation skills Ability to multi-task priorities in a fast-paced, high intensity environment. Experience in giving presentations to prospects, capacity partners and internal groups. Computer skills, including Excel, Word, PowerPoint, Outlook. Effective analysis, problem solving and communication skills. Strong knowledge of property insurance policies and regulations. Excellent analytical and problem-solving skills. Attention to detail and accuracy in assessments. Ability to work independently and as part of a team. Very strong technical and leadership qualities Well established in the marketplace and has excellent relationships with brokers and agents on both regional and national level Well versed and experienced in working, producing and underwriting all sizes of accounts with large brokerage houses, agents and specialty retailers. Established underwriting, quoting and binding track record of profitable business. This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified. Compensation and Benefits Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only). Compensation The base salary compensation range being offered for this role is $150,000 - $250,000 USD per year. This role is also eligible for an annual short-term incentive bonus. Company Benefits WTW provides a competitive benefit package which includes the following (eligibility requirements apply): Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program) Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). All Level 38 and more senior roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans. Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records. At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a ”hybrid” style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and “hybrid” is not a one-size-fits-all solution. We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more. EOE, including disability/vets

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