Job Description
As a Commercial Underwriter, you will play a key role in managing and growing a portfolio of business. Your main responsibilities will include evaluating new and renewal business, assessing coverage risks, preparing quotes, and addressing coverage inquiries, all while staying within your assigned authority level. You will also foster strong relationships with agents to drive positive business outcomes. This position offers flexibility, with options for hybrid or remote work depending on your location and the role's requirements.
Key Responsibilities:
- Deliver Profitable Outcomes: Analyze and price business effectively with clear terms and conditions. Review inspection reports and other available data to address any potential concerns.
- Effective Communication: Engage with Risk Control for inspections and follow-ups. Implement corrective actions or remediation strategies for renewal accounts.
- Timely Escalations: Refer accounts that need additional review to higher-level underwriters promptly.
- Service and Compliance: Ensure timely processing of renewals, non-renewals, and conditional notices while adhering to service standards and regulatory requirements.
- Relationship Building: Develop and maintain successful partnerships with distribution partners through regular review calls and limited travel. Address and resolve any issues or conflicts.
- Team Collaboration: Communicate regularly with team members about the health of assigned agencies and market conditions that may impact the portfolio.
- Cultivate a High-Performing Culture: Provide exceptional customer service and business insights. Mentor support staff, conduct peer audits, and assist in training and development.
Required Qualifications:
- High School diploma or equivalent; Bachelor's degree in Business Administration, Finance, or related field preferred.
- Insurance designation (e.g., CPCU, IIA) is preferred or working towards it.
- At least three years of commercial underwriting experience, including one to two years with a property and casualty insurance company.
Recommended Qualifications:
- Broad understanding of common practices, processes, and regulations in the P&C insurance industry.
- Proficiency in advanced underwriting concepts and practices.
- Strong negotiating skills and sound judgment in analysis and decision-making.
- Excellent verbal and written communication skills.
- Advanced analytical, problem-solving, and decision-making abilities.
- Proficiency in Microsoft Office, especially Excel (e.g., pivot tables, VLOOKUP).
- Strong attention to detail and organizational skills, with the ability to manage a high volume of work and meet deadlines.
Compensation:
- Salary ranges from $48,600 to $81,000, depending on experience, with bonus eligibility.
- In CA, CT, MA, NJ, NY, and PA, the salary ranges from $53,400 to $89,000, with bonus eligibility.
Benefits:
- Competitive base salary with incentive plans for eligible team members.
- 401(K) retirement plan with a company match up to 6% of your eligible salary.
- Free basic life and AD&D, long-term disability, and short-term disability insurance.
- Comprehensive medical, dental, and vision plans.
- Wellness incentives and a generous time off program, including personal, holiday, and volunteer paid time off.
- Flexible work schedules and hybrid/remote options for eligible positions.
- Educational assistance.
Employment Type: Full-Time
Salary: $ 40,000.00 140,000.00 Per Year
Job Tags
Holiday work, Full time, Temporary work, Remote job, Flexible hours,