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Production Risk Engineer (Northeast)

Counterpart

Counterpart

New York, NY, USA
Posted on Aug 27, 2024

JOB DESCRIPTION

PRODUCTION RISK ENGINEER, (Northeast)

Counterpart believes in small businesses and is dedicated to helping them do more with less risk. By pairing leading insurance experts with cutting-edge technology, Counterpart empowers small business owners to grow with confidence. Exceptional underwriters, trusted insurance brokers, and prominent insurance carriers come together on the Counterpart platform to support small businesses by providing AI-driven management and professional liability underwriting and claims services. That’s where you come in…

As a member of the risk engineering team, you will be responsible for the production of premium through proper risk analysis and effective distribution of our product. In collaboration with the engineering, design, data, and operations team, you will leverage your industry knowledge and broker relationships to develop management liability and professional liability insurance products that brokers are eager to promote to their clients.

AS A PRODUCTION FOCUSED RISK ENGINEER YOU WILL:

  • Achieve and exceed underwriting performance and revenue goals, underwriting in accordance with our stated procedures.
  • Price accounts with competitive terms quickly, thoughtfully, and in accordance with our guidelines.
  • Manage quote related communication and questions in a thoughtful and trusting manner.
  • Collaborate with the underwriting team of Risk Engineers on understanding the unique exposures of complex accounts.
  • Provide market feedback and recommend improvements to our terms, rates, and guidelines improving our policy forms and coverages
  • Bind accounts through the continuous engagement of your assigned brokers.
  • Represent Counterpart at broker meetings and various industry events.
  • Contribute ideas and feedback on our suite of tools and services as a key stakeholder of our product roadmap.

WE LOOK FOR TEAMMATES WHO HAVE:

  • 4-8 years of underwriting experience in the respective product.
  • A network of brokers, carriers, underwriters, or clients in the management liability or professional liability insurance space.
  • Expertise in various aspects of specialty liability products (e.g. rating procedures, policy forms, applications and coverage endorsements).
  • Ability to successfully engage with brokers to establish long-term, profitable partnerships with brokerages.
  • Confidence presenting to key internal and external stakeholders.
  • Demonstrated success with high performing sales and account management practices.
  • A proven track record of success, achieving and exceeding monthly, quarterly and annual targets.
  • Enthusiasm for continuous challenges in a high velocity environment.
  • Flexibility for travel, when necessary (once per month as a minimum)
  • College Degree with relevant work experience of 4+ years.

WHO YOU WILL WORK WITH:

  • Mike Levins, Head of Insurance: Mike previously was the Head of Broker Relations and US MGA Operations at Hiscox. Mike oversaw the Midwest region with ~20 underwriters offering 13 different product lines, the primary lines being management liability, professional liability, and cyber/technology. His extensive insurance career has afforded Mike strong relationships across hundreds of retail and wholesale brokers. Mike received his BS from Marquette University and MBA from Benedictine University.
  • Tanner Hackett, CEO: Having founded two other major startups, including Button and Lazada, Tanner now spends his time focused on mental health through his philanthropy, Openminded.org, in addition to reading, surfing, yoga, and enjoying the outdoors.
  • Satwik Mysore, Risk Engineer Territory Lead: After graduating with an actuarial science degree, Satwik has spent most of his career at Travelers, where he built one of the largest and most profitable management liability books by forming strong broker relationships.
  • Brad Bahler, Risk Engineer Territory Lead: Brad has over a decade of experience in management liability underwriting. He managed one of the largest books of small business management liability risks at Travelers, where he was known for his deep understanding of coverage, outstanding submission response times, and boundless enthusiasm for the space.
  • Jake O’Donnell, Risk Engineer Territory Lead: Jake started his insurance career at Chubb, where he was able to develop and grow a profitable book of private-for-profit and non-profit management liability business. Jake is known for his exceptional service to industry brokers and his extensive knowledge of management liability. Jake also is a CPCU designation recipient.

WHAT WE OFFER

  • Fully remote workplace
  • Unlimited Vacation: We offer flexible time off, allowing you to take time when you need it.
  • Work from Anywhere: Counterpart is a fully distributed company, meaning there is no office. We allow employees to work from wherever they do their best work, and invite the team to meet in person a couple times per year.
  • Stock Options
  • Health, Dental, and Vision Coverage
  • 401(k) Retirement Plan
  • Parental Leave
  • Home Office Allowance: to set up your home office with the necessary equipment and accessories.
  • Wellness Stipend
  • Book stipend
  • Professional Development Reimbursement
  • No working birthdays: Take your birthday off, giving you the opportunity to relax, enjoy your special day, and spend time with loved ones.
  • Charitable Contribution Matching

COUNTERPART'S VALUES

  • Conjoin Expectations - it is the cornerstone of autonomy. Ensure you are aware of what is expected of you and clearly articulate what you expect of others.
  • Speak Boldly & Honestly - the only failure is not learning from mistakes. Don’t cheat yourself and your colleagues of the feedback needed when expectations aren’t being met.
  • Be Entrepreneurial - control your own destiny. Embrace action over perfection while navigating any obstacles that stand in the way of your ultimate goal.
  • Practice Omotenashi (“selfless hospitality”) - trust will follow. Consider every interaction with internal and external partners an opportunity to develop trust by going above and beyond what is expected.
  • Hold Nothing As Sacred - create routines but modify them routinely. Take the time to reflect on where the business is today, where it needs to go, and what you have to change in order to get there.
  • Prioritize Wellness - some things should never be sacrificed. We create an environment that stretches everyone to grow and improve, which is fulfilling, but is only one part of a meaningful life.

Our estimated pay range for this role is $120,000 to $170,000. Base salary is determined by a variety of factors, including but not limited to, market data, location, internal equitability, and experience.

We are committed to being a welcoming and inclusive workplace for everyone, and we are intentional about making sure people feel respected, supported and connected at work—regardless of who you are or where you come from. We value and celebrate our differences and we believe being open about who we are allows us to do the best work of our lives.

We are an Equal Opportunity Employer. We do not discriminate against qualified applicants or employees on the basis of race, color, religion, gender identity, sex, sexual preference, sexual identity, pregnancy, national origin, ancestry, citizenship, age, marital status, physical disability, mental disability, medical condition, military status, or any other characteristic protected by federal, state, or local law, rule, or regulation.