Small Business Underwriter

Tokio Marine HCC•Sacramento, CA

5d•$69,700 - $104,500•Hybrid

About The Position

Under supervision, reviews insurance applications to evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing. Establishes, maintains, and develops agency and/or broker relationships. Position has defined underwriting authority and business development responsibility. Provides underwriting in single or multiple areas of liability. Performs industry-related research related to forms, rates, and legal climate and provides recommendations to underwriters and management as necessary.

Requirements

4 Year / bachelor’s degree in business administration, Accounting, Finance, a related field, or the equivalent education and/or experience
2+ Years relevant and progressive underwriting experience in specialty or related area that includes a working knowledge of state laws
Possess and have ability to apply knowledge of principles, practices, and procedures
Solid written and verbal communication skills with an emphasis on confidentiality, tact, and diplomacy
Advanced organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
Knowledge of industry changes, legal updates, and technical developments related to applicable area of the Company’s business to proactively respond to changing business environment
Intermediate proficiency and experience using Microsoft Office package (Excel, Access, PowerPoint, Word)

Nice To Haves

Studies toward attaining a Registered Professional Liability Underwriter (RPLU), Chartered Property Casualty Underwriter (CPCU), Associate in Commercial Underwriting (AU), Certified Insurance Counselor (CIC) or equivalent insurance designation depending on specialty area
State specific insurance license depending on specialty area

Responsibilities

Evaluate new and renewal policy applications and related documents to classify and assess each risk, determine acceptability, assign rating, indicate endorsements and limits, and determine appropriate pricing.
Contact and respond to verbal and written inquiries from brokers within designated timeframe to provide appropriate information and serve as an underwriting resource.
Create and maintain all documentation (physical and electronic) including new and renewal bound files, underwriting worksheets, documentation of phone conversations, and other key documents according to departmental guidelines.
Adhere to all company underwriting authority directives, underwriting guidelines, and other applicable company policies and procedures.
Approve or deny within given authority or recommend approval or denial to higher authority.
Cultivate relationships with internal and external contacts to facilitate the underwriting process, promote business development, and to remain abreast of industry trends.
Serve as a resource to other departmental staff with regard to underwriting procedures and other departmental guidelines.
Develop understanding of various factors that affect and influence policy rating and risk.

Benefits

Competitive salary and comprehensive benefits package
Strong learning culture with ongoing development opportunities
Opportunities for growth and career advancement
Comprehensive medical, vision, and dental coverage, with eligibility beginning on your first day of employment
Basic life and disability insurance
401(k) plan with 6% company match
20 days of PTO, two floating holidays, approximately 11 paid holidays, and volunteer time off
Paid parental leave
Access to our award-winning wellness program, including mental health services, fitness network membership, and a complimentary Headspace subscription
Student loan matching program
Employee discount program
An opportunity to do meaningful work and love what you do