Commercial Underwriting Analyst - Fremont Insurance

AAA-The Auto Club Group•Fremont, MI

1d•Hybrid

About The Position

This position requires in office (Fremont, MI) training at least 3 days a week until training is successfully completed. After training is completed, this person can participate in a hybrid work schedule as approved by management. The Commercial Underwriting Analyst reviews and analyzes internal/external investigations, inspections and/or statuses to ensure rating/premium value integrity and to ensure meeting underwriting guidelines and corporate goals. This role reviews information, initiates policy adjustments for commercial product line(s) and tabulates results. It compares the rating characteristics of specific accounts and formulates a course of action to ensure compliance with corporate underwriting rules and procedures. The analyst provides advanced technical and product information in response to questions/inquiries, attends training as required, and corresponds and maintains professional relationships with agents and producers along with the ability to explain reasons for policy adjustments. The role formulates a course of action to comply with commercial lines underwriting rules and procedures and compares rating characteristics for specific accounts to ensure compliance with existing eligibility and rating rules. It updates rating criteria on affected policies. May complete activity sheets to be used in compiling monthly reports and perform calculations of premiums recovered to ascertain impact of inappropriate ratings on company revenues. The Commercial Underwriting Analyst underwrites and processes renewals and endorsements within their authority level, and works with a underwriter, senior underwriter and/or supervisor if outside authority level.

Requirements

High School diploma or equivalent
two years insurance experience
reviewing claims for possible changes in rating or acceptability status
analyzing insurance needs and determining appropriate levels of coverage
working with various commercial insurance product lines
investigating and validating proper rating
company underwriting policies, procedures and practices
inspection techniques related to commercial insurance
communicating effectively with others
presenting complex information in a clear and concise manner
access and work with rate account information on computer terminal
review new or renewal commercial insurance accounts to determine appropriate rating classifications
work within a team environment

Nice To Haves

College level coursework in Business Administration or a related field
CPCU, IIA, CIC or other insurance related coursework.

Responsibilities

Reviews and analyzes internal/external investigations, inspections and/or statuses in order to ensure rating/premium value integrity to ensure meeting underwriting guidelines and corporate goals.
Reviews information, initiates policy adjustments for commercial product line(s) and tabulates results.
Compares the rating characteristics of specific accounts and formulates a course of action to ensure compliance with corporate underwriting rules and procedures.
Provides advanced technical and product information in response to questions/inquiries.
Attends training as required.
Corresponds and maintains professional relationships with agents and producers along with the ability to explain reasons for policy adjustments.
Formulates a course of action to comply with commercial lines underwriting rules and procedures and compares rating characteristics for specific accounts to ensure compliance with existing eligibility and rating rules.
Updates rating criteria on affected policies.
May complete activity sheets to be used in compiling monthly reports and perform calculations of premiums recovered to ascertain impact of inappropriate ratings on company revenues.
Underwrites and processes renewals and endorsements within commercial underwriting analyst authority level.
Work with underwriter, senior underwriter and/or supervisor if outside authority level.