Senior Underwriter - Trade Credit (Remote)

Intact Insurance Specialty Solutions • ,

5d • $96,000 - $142,000 • Remote

About The Position

This role is for a Senior Underwriter to join the Trade Credit team, based remotely nationwide. The Senior Underwriter will work under technical direction and within underwriting authority to review complex risks, determine acceptance of applications, and select or reject new and/or renewal business using established guidelines, rating rules, and insurance laws. Responsibilities include analyzing the quality and quantity of risks written, preparing reports, monitoring and evaluating results of assigned producers and territories, and recommending action plans for improvement. The role may also involve coaching newer underwriters. The Senior Underwriter will manage a profitable book of business, examine and evaluate exposures by analyzing various documentation, make underwriting decisions, and implement them in compliance with state laws and company guidelines. They will also develop relationships with producers, collaborate with other departments (claims, actuary, risk control), gather competitor and producer information, manage work inventories, and travel to key producers/accounts. Additionally, the role includes providing training and mentoring to less experienced staff and staying updated on industry trends.

Requirements

• Bachelor's degree
• Minimum of 3-5 years of Trade Credit Experience

Nice To Haves

• CPCU, AINS 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
• Bonus potential

What This Job Offers

• Job Type: Full-time
• Career Level: Senior