Senior P&C Underwriter
About The Position
The Senior P&C Underwriter will be responsible for managing a renewal book of business and generating new business. This role involves analyzing diverse information to make decisions on accepting, pricing, modifying, or rejecting business for both Admitted and Surplus Lines Products. The underwriter will also review market conditions, apply forms and endorsements to mitigate risk, and prepare reports detailing coverage decisions. Developing strong relationships with wholesalers and agents, identifying account rounding opportunities, and collaborating with internal teams on rate and pricing strategies are key aspects of this position. The role requires expertise in marketing insurance products and rating/pricing strategies to achieve profitable growth and maintain a profitable book of business within assigned authority levels. Continuous professional development and staying updated on market trends and regulatory issues are also essential.
Requirements
- At least five years of Commercial P&C underwriting insurance experience is required.
- Experience with Commercial Property, General Liability, Inland Marine, BOP/CPP preferred.
- Achievement of CPCU, CIC, or other applicable designations.
- Willingness to complete additional credentials and continuing education.
- Ability to communicate effectively with internal and external contacts - strong customer service focus.
- Strong organizational and time management skills.
- Strong intellectual curiosity.
- Detail-oriented and able to handle multiple tasks on time.
Responsibilities
- Manage a renewal book of approximately $7M-$8M and generate new business of approximately $1.5M annually.
- Analyze diverse information on new and renewal business to accept, price, modify, or reject business within delegated authority level for both Admitted and Surplus Lines Products.
- Review market conditions to determine whether new coverage should be offered or existing coverage should be scaled back or discontinued.
- Apply forms, endorsements, and deductibles to help mitigate risk.
- Prepare written reports and lead meetings detailing/discussing coverage decisions, including supporting documentation.
- Develop strong business relationships with key wholesalers and agents and provide underwriting guidance to producers.
- Identify account rounding opportunities to increase product footprint with wholesalers and customers.
- Collaborate with other underwriters, marketing, claims, operations, and management colleagues to manage and implement effective rate and pricing strategies for profitable results, book portfolio growth, and enhanced producer relations.
- Identify opportunities for growth within existing and new sources of business.
- Market insurance products and utilize rating/pricing strategies to achieve profitable growth.
- Maintain a profitable book of business within assigned levels of authority using sound underwriting judgment and technical skills.
- Continue personal industry skills and knowledge development to meet company goals of quality and timeliness.
- Maintain knowledge of current insurance market trends, conditions, competitive intelligence, compliance/regulatory issues, and product and service innovations.
- Interact collaboratively and collegially with colleagues, agents, and customers in a professional manner.
Benefits
- Medical coverage with company-contributed HSA
- Dental insurance
- Vision insurance
- Company-matched 401(k)
- Optional voluntary benefits
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
