Senior Commercial Underwriter

Farmers Insurance Careers

10d•$76,275 - $144,875•Hybrid

About The Position

We are Farmers! We are… more than just your favorite commercials.  At Farmers, we strive to deliver peace of mind to our customers by providing protection and comprehensive advice and delivering in the moments of truth. That means having people who can help us meet changing customer and business needs. Farmers high-performance culture is focused on results and the people who achieve them. We hold ourselves and others accountable for sustainably growing the business and each other. We seek solutions, own our actions, and grow through discomfort. We see setbacks as opportunities while continuously asking ourselves how we impact our customers. Farmers is an award winning, equal opportunity employer, committed to the strength of an inclusive workforce. We are dedicated to supporting the well-being of our people through our extensive suite of benefits, as well as the well-being of the communities we serve through employee volunteer programs and nonprofit partnerships. Helping others in their time of need isn’t just our business – it’s our culture!  To learn more about our high-performance culture and open opportunities, check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok. Workplace: Hybrid ( #LI-Hybrid ), Remote ( #LI-Remote ) Farmers believes in a culture of collaboration, creativity, and innovation, which thrives when we have the ability to work flexibly in a virtual setting as well as the opportunity to be together in person. Our hybrid work environment combines the best of both worlds with at least three (3) days in office and up to two (2) days virtual for employees who live within fifty (50) miles of a Farmers corporate office. Applicants beyond fifty (50) miles may still be considered.Job SummarySenior level underwriter with advanced underwriting skills authorized to handle a wide variety of risks, premium size, and complexity typically within a dedicated state, territory, agency or exposure. Takes ownership of managing profitable growth of commercial Property/Casualty and Workers Compensation business through proper selection, classification and pricing of risks within assigned territory/industry.

Requirements

High School Diploma or equivalent. Bachelors degree.
3+ years of experience commercial multi-line underwriting.
Demonstrated analytical skills.
Demonstrates a high level of accuracy, even under pressure.
Strong verbal communication and listening skills.
Possesses flexibility to work in a fast paced, dynamic environment.
Ability to simultaneously handle multiple priorities.
Demonstrates excellent judgment and decision making skills.
Instills commitment to organizational goals.
Ability to build strong customer relationships.
Performs work independently with minimal supervision.
Possesses strong product knowledge.
Possesses strong technical aptitude.
Develops and delivers effective presentations.
Effective negotiation skills.
Effective conflict management skills.

Nice To Haves

CPCU or other related professional designations preferred ie CIC, AU, ARM.

Responsibilities

Accepts, modifies or rejects larger premium, complex risks up to $100,000.
Reviews business relating to loss experience, inspection reports, file information, policyholder tenure, related policies, and nature of risk in accordance with company guidelines, standards and compliance with state laws.
Provides documentation for any exceptions and critical account information relating to the final underwriting decision.
Verifies coverage eligibility.
Interprets policy contract language and uses approved classification systems, rating plans and selection standards to determine eligibility, desirability and proper pricing.
Evaluates unprofitable books of business, agents or districts and analyzes competitive information to provide recommendations to product development.
Advises leadership of weakness in coverage and products that are impacting growth potential.
Assists in developing plans to improve profitability.
Evaluates and handles reinstatement policies to determine eligibility.
Provides technical assistance to customers regarding coverage interpretations, policy and endorsement provisions, and underwriting acceptability for coverage.
Evaluates new business and re-evaluates existing policies to enhance the quality and maintain proper rate class administration to fund losses and contribute to profitability.
Reviews transactions and processes referrals not within the authority of other team members.
Provides support in a mentoring role to others, providing underwriting philosophy, guidance and training on transactions that exceed team member authority levels.
Utilizes advanced level competency to educate VIP agencies on products, services, automation, and underwriting standards as well as sales and cross selling techniques to promote accomplishment of our corporate goals.
Builds and maintains collaborative relationships with agencies to further understand the external marketplace and underwrites within established performance standards and priorities that are responsive to marketing, underwriting, retention and service goals.
Conducts regular field visits to create new business opportunities.
Participates in territory rate review meetings and state strategy calls, providing insight and recommendations to address rate need and rate fatigue, where appropriate.
May conduct Team Underwriting Reviews (TURs) to ensure quality and appropriate discretionary pricing.
Manages territory CAT exposures to wildfire, wind-hail, and other catastrophe exposures.
Entrusted with increased authority to make decisions on high risk properties and assist their leadership team with the territory CAT management strategy.
Performs other duties as assigned.