Job Summary
The Commercial Underwriter is responsible for underwriting, quoting and selling small business risks through agency partners, and in the maintenance and upkeep of program rating data, forms, etc., working with system vendors as needed. The position also plays an active role in developing new products, pricing, and coverages, and is involved in monitoring and providing updated information and content for our web presence. The ideal qualified candidate will have advanced underwriting skills and be a sales-orientated insurance professional who thrives in a fast-paced, high energy business environment. Key success factors include: account pre-qualification, risk analysis, information validation, classification, pricing adequacy, thought process documentation, collaboration, negotiation, and making the sale. This role may include mentoring and coaching less experienced underwriters on more complex accounts, referral underwriting, and becoming the subject matter expert on emerging issues and complex classes/coverages.
Duties and responsibilities
Assists in developing programs, coverages, rates, forms, etc., working with systemvendors as needed
•Assists in monitoring and developing program information and content for web presence,working with vendors as needed
•Supports marketing activities to agents and actively participates in the agencymanagement process.
•Demonstrates a professional, courteous attitude with agents. Responds quickly andethically to all requests/issues. Delivers on promises and promises only what can bedelivered
•Provides accurate and thorough education to agents about the company’s risk selectionphilosophy and pricing guidelines
•Monitors performance criteria, including premium and unit count goals, mix of business,written-to-quoted ratio, and declination ratio of assigned agencies and territory
•Achieves company growth objectives by recognizing sales opportunities, solicitingdesirable business, and diligent follow-up on quoted business
•Works with other departments as necessary to resolve policy issues
•Determines the appropriate course of action for policy changes, delegating to assistantunderwriters and/or processing assistants for handling
•Provides mentoring and training to the underwriting team
•Research new products and coverage forms
•Other tasks and projects as may be assigned
Essential Functions
•Solicit, underwrite and price new and renewal small commercial property and casualty business
•Selects new business and evaluates renewal accounts in accordance with company underwriting philosophy, established authority parameters, as well as written/verbal procedures and guidelines
•Travels to agencies providing field underwriting and quoting as needed (Up to 10%Travel)
•Reviews claims activity, loss control surveys, and inspection reports for existing policies, handling as required.
Qualifications
•Resident state General Lines Insurance License required
•Professional Insurance Designations such as CPCU, CIC, AAI, desired
•Min. 3 years of insurance company underwriting experience in commercial property and casualty insurance
•Bachelor’s degree, or equivalent work experience preferred
•Comprehensive knowledge of commercial lines products, coverages(including wildfire), and the underwriting process and analytics involved
•Strong familiarity with western states insurance regulations/requirements
•Excellent communication and organizational skills
•Advanced computer skills and strong systems knowledge
Physical requirements
While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand; walk; use hands to handle or feel; and reach with hands and arms.
Working conditions
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, copiers, filing cabinets and fax machines.
Licensing requirements
Please note that most organizations overseeing Property and…