The Associate Underwriter analyzes, selects and prices risks that are acceptable to assigned insurance programs and underwrites policies for an assigned area of coverage.
Achieve profit and production targets among assigned agents.
Assess risks as delegated, ensuring thorough review and approval within designated authority.
Identify and meticulously analyze loss trends and historical data to determine risk-based profitability. Adhere to National Council on Compensation Insurance (NCCI) and Insurance Services Office (ISO) regulations when assessing and binding each risk.
Review and address daily reports within authorized limits; adhere to departmental protocols when requesting Loss Control Reports.
Generate quotations for agents and accurately input revised quotes into the computer system.
Respond to inbound calls from agents, members, and prospects, offering insightful answers and resolving issues within the scope of technical expertise.
Review monthly renewals for pricing adjustments or non-renewal based on historical data. Utilize technical expertise to recommend changes to accounts that have undergone Audit Specialists' review and are under evaluation by the underwriting team.
Manage daily correspondence requiring technical evaluation with precision and attention to detail.
Provide comprehensive training and coaching to underwriting assistants, taking the lead on assigned projects.
Execute all tasks with accuracy and adherence to departmental guidelines.
Contribute to and engage in initiatives aimed at process enhancement and cost efficiency.
Perform other duties as assigned.
Bachelor's degree in Insurance or related discipline or equivalent combination of education and/or experience
Three or more years of property and casualty experience in Worker’s Compensation or General Liability product lines
Insurance and/or Pictorial course work completion
Knowledge of insurance concepts, standard practices and procedures in the underwriting discipline
Skill in interpersonal interactions, with the ability to collaborate effectively with internal and external contacts; skill in customer service and problem-solving
Capacity to work autonomously while ensuring transparent communication with internal leadership
Skill in analysis, time management, prioritization, negotiation and project management; ability to multi-task effectively while paying attention to detail
Proficient in both verbal and written communication with the ability to compose memos, correspondence, agreements, and other professional documents for all levels of recipients; ability and commitment to maintain confidentiality
Proficient with Microsoft Office Suite and function specific software applications