Specialty Underwriter

UFG Insurance•,

6d•$100,000 - $135,000

About The Position

UFG Specialty is seeking a Specialty Underwriter to build and maintain a profitable mix of new and existing business within assigned authority. The role includes an annual business goal of at least $3 million and a maximum combined ratio target of 90% for the Specialty division. The underwriter develops and maintains broker relationships, evaluates risks for acceptability, and visits appointed brokers to strengthen marketing techniques and relationships. The position evaluates, investigates, and analyzes risks; underwrites new submissions and existing accounts; and reviews premium-bearing endorsement requests. It also involves documenting communications and underwriting decisions, determining rating classifications, completing account summaries and file documentation, meeting production, marketing, and profitability goals, and negotiating and placing facultative reinsurance when required. The underwriter provides high-quality service to internal and external customers, maintains brokerage relationships, and stays current on industry trends, competition, laws, and legal developments. The role is based in a general office environment and requires up to 25% travel to brokers, including overnight trips. Visits to job sites may involve exposure to weather and related environmental conditions.

Requirements

High school diploma or equivalent.
Valid and current driver’s license and an acceptable driving record in accordance with Company practice.
Expected to participate in continuing education throughout the career.
3+ years of experience in Excess & Surplus lines underwriting or 5+ years of experience in commercial standard lines underwriting preferred.

Nice To Haves

Bachelor’s degree preferred.
Bachelor’s degree with a concentration in Risk Management, Finance, or Economics preferred.
Certified or working toward the ASLI designation.
Certified or working toward the CPCU designation.
3+ years of Excess & Surplus lines underwriting experience or 5+ years of commercial standard lines underwriting experience preferred.

Responsibilities

Evaluate, investigate, and analyze risks by reviewing applications, loss experience, loss-control reports, the Specialty appetite guide, and information from the Internet and Reference Connect; consult with other underwriters as needed.
Underwrite new submissions and existing accounts, gathering information about financial status, credit standing, and organizational profile to assess and recommend risk acceptability under Specialty underwriting policies and procedures.
Review and approve or decline premium-bearing endorsement requests, consulting with other underwriters as needed.
Record communications and document activities in files according to department standards.
Determine appropriate rating classifications, complete account summaries and file documentation, and perform operational efficiencies.
Meet production, marketing, and profitability goals.
Negotiate and place facultative reinsurance where required.
Provide high-quality customer service to internal and external customers.
Correspond, network, and build relationships with the brokerage community supporting Specialty.
Stay current on industry trends, competition, pertinent laws, and legal developments.
Build and maintain a profitable mix of new and existing business of at least $3 million annually within assigned authority.
Maintain a maximum combined ratio of 90% for the Specialty division.
Visit appointed brokers to strengthen marketing techniques and relationships.