Underwriter
About The Position
The Pacific North Region Environmental Underwriting Team is currently seeking an Underwriter whose primary responsibility is to underwrite individual risks through a demonstration of specific skills and abilities. These include a strong understanding of coverage, terms, and conditions to offer profitable solutions for the company while meeting customer needs. The role requires proficiency in risk assessment, including identifying exposures, hazards, and controls, as well as selecting risks based on analysis and quantifying losses. Financial acumen is essential, encompassing an understanding of financial statements, ratios, insurance financial fundamentals, and the impact of underwriting decisions on company assets and credit risk. Marketing and communication skills are crucial for selling, negotiating, making presentations, communicating articulately, basing communications on strategic thinking, and managing producer strategy. Finally, the ability to effectively use necessary systems and software programs for daily business operations is required.
Requirements
- Bachelor’s degree
- 1-3 years underwriting or related environmental experience (broking, consulting, engineering, etc.)
- Knowledge of insurance industry
- Knowledge of underwriting concepts, practices, and procedures
- Proficient oral and written communication skills
- Microsoft Word, Excel, and Outlook
- Internet usage
Responsibilities
- Work collaboratively with Regional Manager, Underwriting Team and other unit and region colleagues
- Execute regional marketing and sales strategies including prospecting, cross sell and upsell initiatives
- Local and regional agency and broker visitations/travel
- Solicit new and renewal submissions from brokers
- Determine terms, conditions and pricing using approved rating plans, underwriting guidelines and authority structures
- Adhere to all underwriting standards and guidelines as outlined by the Division including all applicable Underwriting Guidelines, Authorities and Position Papers
- Bind coverage and adhere to guidelines for accurate and timely policy issuance, accurate premium booking and billing, manuscript form and endorsement processes, and file construction and documentation
- Documents the underwriting files thoroughly and accurately
Benefits
- Comprehensive benefits package
- Discretionary annual incentive program
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
