Senior Underwriter - Inland Marine (Remote - Texas)
About The Position
This role is for a Senior Underwriter to join the Inland Marine team based in Texas on a remote schedule. The Senior Underwriter reviews complex risks under technical direction and within underwriting authority to determine acceptance of an application. They select or reject new and/or renewal business using underwriting rules, guidelines, manual rating rules, and insurance laws and regulations. The position involves analyzing the quality and quantity of risks written, preparing reports, and monitoring/evaluating results of assigned producers and territories. Recommendations and action plans for improvement of underwriting results are also part of the role. Additionally, the Senior Underwriter may act as a coach or mentor to less experienced underwriters.
Requirements
- Bachelor's degree
- Minimum of 3-5 years progressively complex specialty underwriting experience
Nice To Haves
- AFSB preferred
Responsibilities
- Manages a profitable book of business by evaluating results and conducting portfolio reviews for assigned territory and individual producers.
- Develops integrated pictures of factors that affect profitability, growth, retention and recommends, implements, and monitors necessary action plans.
- Has underwriting responsibility for a book of new and renewal business.
- Examines, identifies, and evaluates exposures by analyzing documentation from various sources, such as the insurance application, internet searches, inspection reports, credit reports, etc.
- Makes underwriting decisions to accept, decline, or modify risks within assigned underwriting authority level in partnership with underwriting team.
- Executes underwriting strategy as determined by management, including portfolio management and self-audits.
- Implements underwriting decisions in compliance with state laws and company guidelines.
- Develops superior working relationships with producers to successfully promote achievement of mutual operating goals (growth, retention, and profitability) and to supply the appropriate products and services.
- Determines and executes strategy for account management and agency planning.
- Works closely with other departments, including claims, actuary and risk control staff in an effort to better service producers and accounts.
- Gathers and analyzes competitor and producer information including producers’ retention, profitability and potential, in support of pricing and appetite.
- Works with other underwriting staff to determine and make recommendations for marketing, pricing, products and systems.
- Collaborates with team members to manage work inventories and all production activities to provide accurate and timely service in accordance with business unit standards.
- Processes underwriting decisions.
- Documents files and reports via automated desktop systems and tools.
- Regularly travels to key producers/accounts and remains a visible presence in the marketplace.
- Monitors agency action plans and participates in account management, agency planning and marketing meetings to best position the business for the future.
- May participate in industry events and/or committees.
- Provides training and mentoring to less experienced underwriters and/or underwriting assistants.
- Stays abreast of industry, territory and insurance trends.
Benefits
- Comprehensive medical, dental and vision insurance with no waiting period
- Competitive paid time off programs
- 401(k) savings and annual contributions of up to 12% of annual salary
- Mental health support programs, life and disability insurance, paid parental leave and a variety of additional voluntary benefits
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What This Job Offers
Job Type
Full-time
Career Level
Senior
