Senior Underwriter

Job Description

Position overview

Reporting to the General Manager, the Senior Underwriter reviews personal lines policy applications, policy changes and renewals to evaluate the degree of risk, classify and rate exposures to determine acceptance of risk based on company underwriting guidelines. The Senior Underwriter also serves as a consultant to producers, claims, risk control, and marketing personnel for personal lines policy inquiries. In addition to Underwriting duties, the Senior Underwriter will assist General Manager in executing and monitoring of Staff Underwriters compliance to underwriting guidelines and procedures, review and approve referrals from underwriters and assist in the training and development of the underwriting staff.

Position Purpose

The goal of the Senior Underwriter is to evaluate the risk exposure to hazards, determine the terms to the acceptance of the risk, generate profitable business for the company and build agent/producer business relations through policy servicing and agency visits.

Responsibilities

Review new and renewal risks and make decisions using company underwriting guidelines and philosophy

Adhere to underwriting guidelines and meeting production deadlines for new and renewal business

Support Underwriting management with underwriting referral

Assist with technical training of underwriting team

Analyze underwriting reports as necessary for detailed fact finding

Utilize company generated reports and order reports, when required for risk analysis

Assist agents/producers with quotes for new business, renewals and policy changes and training of products and policy administration systems

Review incoming inspection reports on a timely basis

Review inspection reports, develop and monitor insured’s compliance to risk control recommendations

Analyze underwriting reports as necessary to track enforce policies business development or loss trends

Order inspections on new business and renewal business

Review and monitor production reports for profitability of assigned agencies

Market and promote company business lines with agent/producers through monthly agency/agent visits

Assist in monitoring market conditions to keep premiums competitive

Assist with policy changes, cancellations and reinstatements

Assist General Manager with underwriting referrals and audits

Assist Management with production and loss results analysis

Assist Management with plans for agencies with adverse results

Assist Management in development of new products or policy terms and conditions changes

Ensure security and confidentiality of data

Assist any department with requests for underwriting information or DOI issues

Identify process improvement opportunities

Provide end-user testing for company IT

Participate as needed in special department projects

Knowledge and Skills

This position requires the following: ability to present facts and recommendations effectively in oral and written form; detailed and accuracy; computer proficiency; ability to create spreadsheets and analyze data; organization skills; time management skills; an ability to work with a variety of people in a fast-paced environment; manage, work and complete multiple projects at once; flexibility to production changes; problem solving; ability to work independently toward a common goal.

Education and /or Experience

A bachelor's degree and 10 years’ Underwriting experience in property/casualty insurance or 10-15 years' in related property/casualty insurance experience (preferred), OR Business degree or insurance related professional designation, OR Any appropriate combination of education, experience and training that provides the required knowledge, skills, and abilities.

Competencies:

Work Ethics- Self-motivation, takes initiative, resourceful and produce high quality results

Leadership—inspires and motivates others to perform well, accepts feedback from others

Problem solving—the individual identifies and resolves problems in a timely manner and gathers and analyzes information skillfully

Oral communication—the individual speaks clearly and persuasively in positive or negative situations, demonstrates group presentation skills and conducts meetings

Management skills—the individual includes staff in planning, decision-making, process improvement; supports staff by providing professional feedback for the technical development of the staff

Quality management—the individual looks for ways to improve and promote quality and demonstrates accuracy and thoroughness

Judgment—the individual displays willingness to make decisions, exhibits sound and accurate judgment and makes timely decisions

Critical thinking – Uses logic and reasoning to identify quality risks and/or risk weaknesses. Ability to offer alternative solutions or approaches to problem risks

Planning/organizing—the individual prioritizes and plans work activities, uses time efficiently and develops realistic action plans.

Safety and security—the individual actively promotes and personally observes safety and security procedures.

Company Description

We are a dynamic, regional, property and casualty insurance company. Our business models offer agencies a unique opportunity within their communities to differentiate themselves from their competitors. The models present varying degrees of customer/policy service responsibilities and agency compensation.

Full-time