Sr. Commercial Lines Underwriter - Fremont Insurance

AAA-The Auto Club Group•Fremont, MI

1d•Remote

About The Position

This position is responsible for reviewing, accepting, declining, or modifying commercial line coverage offerings submitted by producers. The role involves evaluating risks based on various factors such as location, physical and moral hazards, inspection reports, and underwriting precedent, ensuring compliance with company guidelines. The underwriter will verify application data, review inspection and claims reports, and recommend risk improvements. They will initiate policy coverage or rating revisions, and approve or reject applications/policies in accordance with procedures and laws. The role requires exercising discretionary judgment for new or renewal high-value commercial policies and evaluating the merits of each line of insurance. Responsibilities also include corresponding with external entities to evaluate risks, communicating with agents and producers to gather information and explain policies, managing a portfolio for profitability, and training agency staff and other underwriters. This position provides mentorship and technical guidance to other underwriters.

Requirements

High School Diploma or equivalent
Three years commercial insurance experience
Underwriting policies, procedures and practices
Working in a commercial underwriting environment
Inspection techniques related to commercial insurance
Working with mathematical concepts including fractions, ratios, statistics and probabilities
Commercial insurance contracts and forms
Insurance laws as they relate to commercial underwriting
Company commercial insurance programs and products, underwriting rules and requirements
Processing procedures and rules
ISO or similar bureau rating systems (Regional Operations)
Organization and planning
Negotiating, analyzing and problem solving
Independent decision making
Written communication skills to include reports and technical writing.
Analyze and interpret commercial inspection
Provide work direction, guidance and training
Coordinate and control major projects
Communicate effectively with others

Nice To Haves

Bachelor's degree Business Administration or related field
Completion of an underwriting certification/designation (CPCU, CIC)

Responsibilities

Review, accept, decline or modify offerings submitted by producers for multiple/various commercial line coverage.
Evaluate risks according to location, physical and moral hazards, inspection reports, underwriting precedent and experience, ensuring compliance with underwriting rules, guidelines and company philosophy.
Review information received regarding risks including inspection reports and credit reports and verify application data through the use of investigative letters, commercial inspections and/or personal observation.
Review inspection reports and claims for rating on acceptability status and recommend risk improvement as appropriate.
Initiate potential policy coverage or rating revision as a result of analysis and recommends and approves continuation, cancellation, non-renewal or rejection of applications or policies in accordance with established underwriting procedures, laws and judgment.
Exercise discretionary judgment when evaluating new or renewal high-value commercial underwriting application policies and evaluate the merits of each line of insurance based on current laws or level of underwriting expertise to accept or reject the risk presented.
Correspond with outside insurance companies, business organizations, governmental agencies, or other contacts to develop procedures or to properly evaluate risks.
Communicate and develop relationships with agents and producers and other insurance personnel to obtain further information, rate quotes or explain company underwriting policies.
Manage portfolio to control the overall mix of accounts, profitability and take prompt action when necessary.
Train and educate agency staff on company products, services, processes and underwriting philosophy.
Train, coach and serve as a technical resource to other underwriters.
Provide mentorship that encourage individuals and the team to improve and accelerate performance.
Perform other duties as assigned.