Commercial Lines Underwriter

Safepoint MGA, LLC•South Jordan, UT

About The Position

The Commercial Lines Underwriter underwrites, quotes, and sells small business risks through agency partners, and helps maintain program rating data and forms in coordination with system vendors. The role contributes to developing products, pricing, and coverages and to monitoring and updating information and content for the company’s web presence. The ideal candidate is an experienced, sales-oriented insurance professional who can work effectively in a fast-paced environment and apply sound account qualification, risk analysis, validation, classification, pricing, documentation, collaboration, negotiation, and sales practices. The position also involves mentoring and coaching less experienced underwriters on complex accounts, referral underwriting, and serving as a subject matter expert on emerging issues and complex classes or coverages. The underwriter solicits, selects, and prices new and renewal small commercial property and casualty business in accordance with company underwriting philosophy, authority parameters, and established procedures and guidelines. Travel to agencies for field underwriting and quoting may be required, up to 10%.

Requirements

Resident state General Lines Insurance License required; obtaining applicable licensure is a requirement for the position.
At least 3 years of insurance company underwriting experience in commercial property and casualty insurance.
Comprehensive knowledge of commercial lines products, coverages (including wildfire), and underwriting processes and analytics.
Strong familiarity with western states insurance regulations and requirements.
Excellent communication and organizational skills.
Advanced computer skills and strong systems knowledge.
Bachelor’s degree or equivalent work experience preferred.

Nice To Haves

Professional insurance designations such as CPCU, CIC, or AAI.

Responsibilities

Underwrite, quote, and sell small business risks through agency partners.
Assist in developing programs, coverages, rates, and forms, working with system vendors as needed.
Monitor and develop program information and content for the company’s web presence, working with vendors as needed.
Support marketing activities to agents and actively participate in agency management.
Respond to agent requests and issues promptly, ethically, and professionally, and provide accurate education about the company’s risk selection philosophy and pricing guidelines.
Monitor agency and territory performance criteria, including premium and unit count goals, mix of business, written-to-quoted ratio, and declination ratio.
Pursue company growth objectives by identifying sales opportunities, soliciting desirable business, and following up on quoted business.
Work with other departments to resolve policy issues.
Determine appropriate courses of action for policy changes and delegate work to assistant underwriters or processing assistants when appropriate.
Mentor and train the underwriting team.
Research new products and coverage forms.
Solicit, underwrite, and price new and renewal small commercial property and casualty business.
Select new business and evaluate renewal accounts in accordance with company underwriting philosophy, authority parameters, and written and verbal procedures and guidelines.
Travel to agencies to provide field underwriting and quoting as needed, up to 10%.
Review claims activity, loss control surveys, and inspection reports for existing policies, and handle them as required.
Perform other assigned tasks and projects.

Benefits

Market-competitive wages
Professional development and educational assistance programs
Safe Harbor 401(k) plan with immediate vesting and an automatic company contribution
Paid time off, including discretionary PTO and parental leave
Company-paid holidays
Health insurance
Dental insurance
Vision insurance
Company-paid short- and long-term disability insurance premiums
Flexible spending accounts with company contribution
Health savings accounts with company contribution
Employee life and AD&D insurance
Dependent life and AD&D insurance
Company-paid AAA membership
Company-paid identity theft protection
Other ancillary insurance benefit programs