Personal Lines Assistant Underwriter

Oklahoma Farm Bureau Insurance Company•Oklahoma City, OK

1d•$40,000•Onsite

About The Position

Primary Purpose: Reviews insurance applications to evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing by performing the following duties.

Requirements

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bachelor's degree (B. A.) from four-year college or university; and/or completion of the Insurance Institute of America Certificate in General Insurance; or equivalent combination of education and experience.
Worker is expected to participate in continuing education program( s) if needed.
Active Oklahoma P&C License is required

Nice To Haves

Previous underwriting experience preferred.
Insurance: 2 year (Preferred)
Underwriting: 1 year (Preferred)

Responsibilities

Examines documents such as application forms, inspection reports, insurance maps, and past claims to determine degree of risk from such factors as applicant financial standing, loss experience, and value and condition of property, and vehicles per company guidelines and authority level; Escalates work items that do not meet authority level to a Senior Underwriter.
Determines whether to accept, modify, or decline risks.
Interpret premium classes and apply rating structure to achieve proper premiums for loss exposures.
Processes all rewrites, reinstatements and other work items per company guidelines and authority level.
Continually review all policies, applications, and change requests to determine that proper premiums and classifications are maintained.
Review company records to determine amount of insurance in force on single risk or group of closely related risks and evaluates possibility of losses due to catastrophe or excessive insurance.
Communicate (via primarily through email but may communicate through correspondence, telephone, or personal visit) with agents, insureds, company personnel, and other insurance or inspection companies to obtain further information, quote rates, or explain company underwriting policies.
Counsel with agents regarding desirable and undesirable risks.
Monitor loss ratios and strive for improvement by communicating/coordinating managers and supervisors, agents, adjusters, etc. concerning the selection of business and the improvement of Agents and/or underwriting quality.
Report any unusual problems or conflicts encountered in the course of performing underwriting duties to the Commercial Lines Underwriting Manager; submit any information or reports that may be requested by upper management.