Executive Commercial Lines Underwriter - NY Metro (Hybrid - Woodbury, NY)

Utica Mutual Insurance Co • Woodbury, NY

217d • $57,000 - $160,000 • Hybrid

About The Position

Commercial Lines Underwriters are responsible for underwriting risk including underwriting decisions on complex risks to apply insurance rules and regulations in accordance with guidelines. Managing a high-volume agency assignment with increased authority limits. Is able to prepare material for agency reviews and work with the account underwriter on agency production and loss ratio improvement plans. In this role, you will be responsible for underwriting commercial lines insurance policies, including General Liability, Worker's Compensation, Property, Commercial Auto insurance. Account exposure include Contractor, Wholesaler, Retail, Restaurant, Manufacturers, etc. You will use your expertise to evaluate risks and determine appropriate coverage, while also ensuring the utmost satisfaction for our Insureds. The underwriters' responsibility is to ensure that the assets of the organization are protected by monitoring and influencing the book of business that is placed with the company. Pro-active analysis and execution of agency action plans to improve the book of business will lead to profitability of the company. Analyzes and evaluates new submissions and renewal accounts to determine acceptability of the risk within parameters outlined within the Underwriting Authority CL Underwriter Document Reviews, interprets and processes data from various sources, including applications forms and loss history. Able to articulate and practice principles of risk management including knowledge of exposure/hazard identification and control. Demonstrates high degree of understanding and familiarity with competitor's price and product. Clearly communicates appetite, underwriting standards, declination reasons and coverage advantages to Agents and internal partners to ensure profitability and generate a flow of quality new business submissions and retention. Cultivates strong business relationships (internal and external) by proactively communicating and conveying ownership and commitment. Anticipates and meets the needs of customers and readily adjusts priorities to respond to pressing and changing client requirements. Manage a high-volume agency assignment with increased authority limits at expected quality control results. Display the competency to analyze the 'agents' book of business, through risk characteristics profile/evaluation, to determine correction action(s) or opportunities to generate profitable growth. Complete understanding management information data (i.e. Power BI) Strong understanding of the Commercial Lines marketplace/products Able to prepare material for agency reviews and work with the account underwriter on agency production and loss ratio improvement plans.

Requirements

• Bachelor's degree or equivalent experience preferred.
• Minimum 5 years of experience in Commercial Lines Middle Market Underwriting preferred.
• Strong knowledge and understanding of General Liability, Worker's Compensation, Property, and Commercial Auto lines of business.
• Proven track record of successful underwriting and portfolio management in the middle market segment.
• Excellent analytical and decision-making skills.
• Strong communication, negotiation, and relationship-building abilities.
• Ability to work independently and as part of a team in a fast-paced and dynamic environment.

Nice To Haves

• Experience with Power BI and management information data.
• Proactive, resourceful, and customer-focused approach.

Responsibilities

• Underwrite commercial lines insurance policies including General Liability, Worker's Compensation, Property, and Commercial Auto insurance.
• Manage a high-volume agency assignment with increased authority limits.
• Prepare material for agency reviews and collaborate with account underwriters on agency production and loss ratio improvement plans.
• Evaluate risks and determine appropriate coverage to ensure customer satisfaction.
• Monitor and influence the book of business to protect the organization's assets.
• Conduct pro-active analysis and execute agency action plans to improve the book of business.
• Analyze and evaluate new submissions and renewal accounts to determine risk acceptability.
• Communicate underwriting standards, declination reasons, and coverage advantages to agents and internal partners.
• Cultivate strong business relationships by proactively communicating and demonstrating commitment.
• Adjust priorities to meet customer needs and respond to changing client requirements.

Benefits

• 401K plan
• Medical coverage
• Dental coverage
• Flexible spending accounts
• Vision care coverage
• Paid Time-Off (PTO)
• Paid Holidays
• Paid Volunteer Day
• Pay-for-Performance
• Employee and Dependent life insurance
• Disability insurance
• Accidental death & dismemberment insurance
• Discounts on automobile and homeowner's insurance
• Tuition reimbursement
• Employee Assistance Program (EAP)
• Credit Union membership
• Employees' Club

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree