Underwriter

Job Description

COMPANY OVERVIEW:

Founded in 1989, United Automobile Insurance Company is an innovative and established organization looking for an Underwriter to join our team. Family-owned, UAIC, is one of the largest privately held property and casualty insurance companies in the United States. The key to our growth and success is a commitment to providing quality service to our agents and customers, by providing disciplined underwriting, and strategic claims handling. Our ongoing efforts to invest substantial resources in personnel and technology are the foundation of our promise of assuring maximum efficiency and specialized operations in the industry. We are proud that our independent agents and customers have recognized our dedication by making UAIC the market leader in every state where we conduct business.

SCOPE:

As an Underwriter, you will be responsible for evaluating incoming business applications, assessing risks, and ensuring compliance with established underwriting guidelines. Your role will involve reviewing motor vehicle reports, claims reports, and other underwriting documents to confirm accuracy and mitigate potential risks. Additionally, you will review discounts applied during the sales process, take underwriting actions such as pricing adjustments, and manage underwriting suspense for additional information as needed. This role requires a keen eye for detail, strong analytical skills, and the ability to make informed decisions to protect the company's interests while providing exceptional service to our clients. This position offers a remote work arrangement, allowing the ideal candidate to work from their preferred location within the Southeast region.

DUTIES:

Review incoming business applications and supporting documentation.

Assess the risk associated with each application based on underwriting guidelines.

Ensure accuracy and completeness of information provided.

Identify potential risks associated with new policies.

Determine appropriate underwriting actions to mitigate risks.

Analyze data from motor vehicle reports, claims reports, and other sources to assess risk levels accurately.

Ensure that all underwriting decisions and actions comply with established guidelines and regulations.

Verify that information from reports is properly reflected in the acceptance or rejection of a risk.

Review discounts applied during the point-of-sale process.

Approve or remove discounts based on documentation submitted to support the discount.

Ensure that discounts are applied accurately and in accordance with company policies.

Take underwriting actions such as “uprating” or discounting pricing on new discoveries.

Set up policies for underwriting cancellation when necessary, following company procedures.

Create and send underwriting suspense requests for additional information when matters are unclear or fall into a gray area.

Follow up on suspense items to ensure timely resolution and mitigate potential risks.

Ensure that applicable rejections and exclusions are properly executed in accordance with underwriting guidelines.

Communicate decisions to relevant stakeholders and provide rationale as needed.

Maintain accurate records of underwriting decisions, actions, and communications.

Generate reports as required to track underwriting activities and outcomes.

Maintain accurate records of underwriting decisions, actions, and communications.

Generate reports as required to track underwriting activities and outcomes.

EDUCATION:

High School Diploma or equivalent; Bachelor’s degree in a related field is preferred.

440/220 Insurance License is a plus.

SKILLS & EXPERIENCE:

Minimum of 3 years of experience working within the insurance industry; experience in automobile Insurance is a plus.

Strong computer proficiency with the ability to work with various platforms simultaneously.

Excellent analytical and decision-making skills.

Strong attention to detail and accuracy.

Effective communication and interpersonal skills.

BENEFITS:

401(k) Retirement Savings Plan with employer match.

Comprehensive Medical, Prescription Drug, Vision, and Dental Insurance

Paid Time Off, Holidays, and Leave programs.

Flexible spending accounts

Basic Life Insurance and Voluntary Life/ADD

Volunteer Short Term and Long-Term Disability

Please note that the salary range listed is an estimate provided by the job board and might not align with accurate information. The actual salary for this position may vary based on experience and qualifications. Candidates are encouraged to discuss compensation during the interview process.

UAIC is an Equal Opportunity Employer and is committed to the principle of equal employment opportunity for all employees. All employment decisions at UAIC are based on business needs, job requirements, and individual qualifications, without regard to race, color, religion, or belief, family or parental status, or any other status protected by the laws or regulations in the locations where we operate.

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