Underwriter I

AMERIND•Bernalillo, NM

1d•Onsite

About The Position

Review individual applications for insurance to evaluate the degree of risk involved, determine acceptance of applications, coverage amounts and premium for personal or commercial lines business. Responsible for retention of new and existing business in accordance with company underwriting philosophy and individual level of authority. This individual also maintains positive and professional relationships with broker partners, third party administrators or financial institutions. This job description does not represent an inclusive list of all duties encompassed in this position.

Requirements

High School Diploma or GED required.
Bachelor’s Degree in Business Administration, related field, or equivalent experience
A minimum of three years of underwriting experience.
Valid driver’s license.
No felony, theft, or fraud convictions.
Must be able to successfully pass a background investigation.

Nice To Haves

Insurance Associate in Underwriting (AU) Professional Designation preferred.
New employees must complete the Associate in Insurance (AINS) designation within six months from the end of the 90-day evaluation period to be eligible for advancement and incentive compensation.
For continued employment, employees must complete an elective course and six hours of professional development within 12 months after the end of the 90-day evaluation period.

Responsibilities

Examines insurance applications, conduct research, collects background information, and make risk assessments.
Negotiates with the customer regarding premium, coverage limits, coverages, and the terms and conditions of the proposed insurance policy.
Underwrites various types of insurance policies for individuals, businesses, or equity pool members.
Calculates premiums and establish payment method. Appropriately prices all new and renewal applications.
Makes final determination, within company guidelines, on risk acceptability for new and renewal applications.
Interacts with policyholders to deliver and explain policy.
Ensures policy requirements are met, including any necessary completion of appropriate forms.
Evaluates property, examining its general condition, type of construction, age, and other characteristics, to decide if it is a good insurance risk.
Creates endorsements and coverage documents for clients.
Performs administrative tasks, such as answering phones, maintaining records and handling policy renewals.
Renders decisions based on consultations with Senior Underwriters, managers, and upper management.
Participates in cross-functional team training.
Performs other duties as assigned.