Sr. Production Underwriter

Berkley•San Diego, CA

3d•$80,000 - $135,000

About The Position

Preferred Employers Insurance, A Berkley Company specializes in providing workers' compensation insurance to California business owners. The company serves three major client segments: Small Business Owners , Mid-Larger Businesses and Group Association Members ( Programs ). The company's distribution partners (agents & brokers) number 400+ locations throughout the state. Preferred serves 10,000 policyholders and provides medical claims handling and claims management for policyholders as needed to care for injured workers. The company is rated A+ Superior by industry-rating organization, AM Best & Company. The company is an equal opportunity employer. Responsibilities The Senior Production Underwriter is primarily responsible for: Risk Evaluation: Selection, retention, and pricing of new and existing business in accordance with the company's underwriting philosophy and guidelines. Broker Relationships: Pro-actively develops and fosters positive, professional relationships with the company's agency partners in an effort to promote the company's products and services. Premium Growth: Works closely with Field Sales Managers in plan management of brokers. (i.e., Generation of submissions, target quote and bind hit ratios, co-working agency business plans and incentives.) Underwriting Profit: Works closely with Field Sales Managers in the achievement of pricing targets and commission targets to meet company's profitability objectives. Key functions include but are not limited to: Selects new business and evaluates renewal accounts in accordance with company underwriting philosophy, established authority parameters, as well as written/verbal procedures and guidelines. Demonstrates a professional, courteous attitude with agents. Responds quickly and ethically to all requests/issues. Delivers on promises and promises only what can be delivered. Provides accurate and thorough education to agents about the company's risk selection philosophy and pricing guidelines. Monitors performance criteria, including premium and unit count goals, mix of business, written-to-quoted ratio, and declination ratio of assigned agencies and territory. Achieves company growth objectives by consistently seeking sales opportunities, soliciting desirable business, and diligent follow-up on quoted business. Regularly travels to agencies providing field underwriting and quoting as needed. Reviews claims activity, loss control surveys, and inspection reports for existing policies, handling as required. Works with other departments as necessary to resolve policy issues. Determines the appropriate course of action for policy changes, delegating to assistant underwriters and/or processing assistants for handling. Provides mentoring and training to other staff members. The Senior Production Underwriter must be a team player, exhibit expertise and consistently exercise good judgment.

Requirements

BA/BS degree from an accredited institution, or equivalent
5+ years of experience in California workers' compensation underwriting, or equivalent
Demonstrated ability to work in a fast paced, decision-oriented environment
Excellent communication, negotiation, and analytical skills
Strong organizational skills and ability to manage multiple tasks
Strong automation skills including MS Office products
Ability to work independently and in a collaborative team environment

Responsibilities

Risk Evaluation: Selection, retention, and pricing of new and existing business in accordance with the company's underwriting philosophy and guidelines.
Broker Relationships: Pro-actively develops and fosters positive, professional relationships with the company's agency partners in an effort to promote the company's products and services.
Premium Growth: Works closely with Field Sales Managers in plan management of brokers. (i.e., Generation of submissions, target quote and bind hit ratios, co-working agency business plans and incentives.)
Underwriting Profit: Works closely with Field Sales Managers in the achievement of pricing targets and commission targets to meet company's profitability objectives.
Selects new business and evaluates renewal accounts in accordance with company underwriting philosophy, established authority parameters, as well as written/verbal procedures and guidelines.
Demonstrates a professional, courteous attitude with agents.
Responds quickly and ethically to all requests/issues.
Delivers on promises and promises only what can be delivered.
Provides accurate and thorough education to agents about the company's risk selection philosophy and pricing guidelines.
Monitors performance criteria, including premium and unit count goals, mix of business, written-to-quoted ratio, and declination ratio of assigned agencies and territory.
Achieves company growth objectives by consistently seeking sales opportunities, soliciting desirable business, and diligent follow-up on quoted business.
Regularly travels to agencies providing field underwriting and quoting as needed.
Reviews claims activity, loss control surveys, and inspection reports for existing policies, handling as required.
Works with other departments as necessary to resolve policy issues.
Determines the appropriate course of action for policy changes, delegating to assistant underwriters and/or processing assistants for handling.
Provides mentoring and training to other staff members.
The Senior Production Underwriter must be a team player, exhibit expertise and consistently exercise good judgment.