Commercial Lines Underwriter II
About The Position
The Commercial Lines Underwriter works independently and collaboratively with the Commercial Account team to provide a high level of customer service to policyholders. The role develops new agency relationships and maintains existing ones, underwrites new and renewal business with a focus on profitability, and contributes to department and company goals. The underwriter maintains knowledge of coverage, exposures, rating plans, and state requirements, and manages a book of business of up to $7 million in written premium. The position also handles policy processing, account financial activities, agent inquiries, account and agency risk monitoring, claims-related communications, specialty-line underwriting, and mentoring of less-experienced underwriters.
Requirements
- Proficient in Word, Excel, and PowerPoint.
- Proficient with industry resources and databases.
- Working knowledge of carrier billing and processing systems.
- Excellent oral and written communication skills.
- Organized and detail-oriented, with the ability to multitask.
- Ability to work independently and collaboratively.
- Three to five years of Commercial Lines multiple-line underwriting experience, with expertise in Commercial Auto (Taxi, Livery, Para Transit) and Commercial General Liability (Contractors and OL&T).
- Demonstrated knowledge of the property and casualty insurance industry.
- Excellent organizational and interpersonal skills.
- Strategic thinker with the ability to support the company position.
- Demonstrated knowledge of first-dollar and deductible pricing strategies.
Nice To Haves
- College degree.
- Professional designations such as CPCU or ARM.
- Experience with PTS and AS400.
Responsibilities
- Maintain a high level of knowledge of coverage, exposures, rating plans, and state requirements.
- Handle and maintain a book of business of up to $7 million in written premium.
- Underwrite and price new and renewal accounts, document files properly, and complete work in a timely manner.
- Enter new business policies, endorsements, and renewals.
- Manage account financial activities, including sending monthly billing invoices for certain direct-bill accounts and taking phone payments as needed.
- Respond to agent inquiries in a timely manner.
- Monitor account and agency loss ratios and risk profiles, and recommend agency terminations and/or re-underwriting programs.
- Review daily claims and communicate with agents about issues involving drivers or accounts as appropriate.
- Maintain full knowledge of rating, pricing, guidelines, and forms for assigned specialty lines of business.
- Mentor and train Commercial Lines Underwriters I and Commercial Lines Junior Underwriters.
- Identify potential new products, business segments, or states for the company to enter.
- Maintain and share knowledge of industry trends, market conditions, and company programs.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
