Underwriter - Acadia Advantage

Berkley•Bedford, NH

7d•$75,000 - $95,000

About The Position

The Underwriter manages underwriting activities in an assigned territory for Acadia Advantage, the company’s small-business team, with the goal of growing written premiums while maintaining favorable loss ratios. The role focuses on acquiring new business and handling renewals, including evaluating and pricing accounts according to Acadia’s underwriting standards and the underwriter’s personal authority. The underwriter works with assigned agencies to achieve underwriting profit, premium growth, desired business mix, market and agency penetration, and agency-management objectives. Risks that exceed the underwriter’s authority are referred to management with recommendations. The position involves developing agency relationships, assessing agency performance, communicating company goals and underwriting guidelines, monitoring production and quality measures, and coordinating services such as loss control, claims, audits, and billing. The underwriter also supports reinsurance activities, maintains an effective territory workflow, seeks process improvements, and pursues self-development.

Requirements

Bachelor’s degree from a four-year college or university and one to two years of related experience and/or training, or an equivalent combination of education and experience.
Demonstrated success in developing and maintaining positive relationships.
Excellent communication skills, including listening for solutions.
Willingness to collaborate with colleagues and communicate in a way that influences others.
Ability to think analytically about business problems, make recommendations, and propose solutions.
High-energy self-starter who is resilient and has an entrepreneurial spirit.
Ability to sell and influence others.
Goal-oriented achiever who delivers results.
Basic knowledge of computer programs in a Windows environment, including Word, Excel, and email.
Two to five years of experience working as an underwriter in Commercial Property & Casualty.
Ability to travel in the assigned territory.
Valid driver’s license.

Nice To Haves

Prior experience working with online underwriting tools, such as Silver Plume and Reference Connect.
Advanced professional insurance coursework, such as CPCU or AU, or completion of other insurance-related classes.
BA/BS degree preferred.

Responsibilities

Manage underwriting tasks in an assigned territory to promote written premium growth and favorable loss ratios for the Acadia Advantage small-business team.
Underwrite and price new and renewal accounts in accordance with Acadia’s underwriting standards and personal underwriting authority, with a focus on acquisition.
Evaluate, select, and price policies for assigned agencies to support underwriting profit, premium growth, desired business mix, market and agency penetration, and agency-management objectives.
Refer risks exceeding personal authority to management with recommendations for approval or disposition.
Develop and manage relationships with assigned agencies, producers, and customers through visits and regular contact.
Evaluate assigned agency performance and participate in agency reviews, making recommendations on agency-management issues.
Communicate corporate goals, programs, underwriting policies, procedures, and guidelines to agents.
Monitor production, hit ratios, renewal retention ratios, spread of risk, and other production and quality measures.
Request information needed to underwrite and price assigned business.
Conduct negotiations with assigned agents.
Coordinate loss control, claims, audit, and billing services as needed.
Bind reinsurance and review certificates from reinsurers.
Maintain a territory workflow that meets department standards and expectations, and seek process improvements that enhance service quality for internal and external customers.
Demonstrate a commitment to self-development.
Perform other duties as assigned.