Commercial Underwriting Analyst - Fremont Insurance
About The Position
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.
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.
Benefits
- PTO, paid sick leave
- Medical plans with multiple coverage options, including HSA eligibility.
- Prescription drug coverage.
- Dental and vision benefits.
- Employee Assistance Program (confidential support services).
- Company-paid basic life insurance.
- Optional supplemental life insurance and dependent coverage.
- Short-term and long-term disability coverage.
- Critical illness, accident, and pet insurance options.
- 401(k) plan to support long-term financial goals. 3% automatic deferral upon eligibility; may contribute 1% to 50% of eligible earnings, either pre or post tax. Company match of 50% paid on employee contributions up to 6% of pay, payable to employees following the end of the year; immediate vesting. Additional company contribution of 4% of pay each pay day into your account; 100% vested after three (3) years of service.
- Health Savings Account (HSA) and Flexible Spending Accounts (FSA) options.
- Paid Time Off (PTO): Accrual-based, increases with tenure, eligible at 90 days of employment. Full-time new employees will receive up to 12 PTO days annually; accrual based on start date and may include additional PTO based on role and/or state & local requirements. Part-time employee PTO hours are calculated based upon the standard weekly hours the employee is scheduled to work and will accrue at a minimum of 3 hours per month.
- Paid Holidays: Full-time employees are eligible for 10 company-paid holidays annually, in addition to 1 mental health day, 2 floating holidays and 1 volunteer day. Holidays vary by business unit schedules. Part-time employees are eligible for 8 company-paid holidays annually, in addition to 1 mental health day and 2 floating holidays. Holidays vary by business unit schedules.
- Paid leave programs, including parental, bereavement, jury duty, and military leave.
- Tuition assistance (up to $5,250 annually; 80% covered by ACG).
- Professional certification support with 100% reimbursement for eligible programs.
- Opportunities for career development and advancement.
- Complimentary AAA membership with roadside assistance and travel discounts.
- Adoption assistance program.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
