Underwriter - Acadia Advantage

Berkley•Bedford, NH

About The Position

Acadia Insurance is a regional property casualty insurer and a member of W.R. Berkley Corporation. The Underwriter supports Acadia’s Advantage small business team by managing underwriting activities in an assigned territory to promote written premium growth and favorable loss ratios. The role handles new and renewal accounts, with an emphasis on acquiring new business, and evaluates and prices policies within Acadia’s underwriting standards and the employee’s personal underwriting authority. The Underwriter also manages agency relationships, monitors agency and portfolio performance, coordinates related services, and maintains an effective workflow. The position requires travel within the assigned territory and a valid driver’s license. The role is based on a competitive compensation plan. The stated base salary range is $75,000–$95,000, and the position is eligible for an annual discretionary bonus. Full-time regular employees are offered a benefits package that includes health, dental, vision, life and disability coverage, wellness benefits, paid time off, a 401(k), and profit-sharing plans. Sponsorship is not offered.

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.
Two to five years of experience working as an underwriter in Commercial Property & Casualty.
Demonstrated success developing and maintaining positive relationships.
Excellent communication skills, including listening for solutions.
Willingness to collaborate with colleagues and present in a way that influences others.
Ability to think analytically about business problems, make recommendations, and propose solutions.
High-energy, self-starting, resilient, entrepreneurial approach.
Ability to sell and influence others.
Goal-oriented approach and ability to deliver results.
Basic knowledge of computer programs in a Windows environment, including Word, Excel, and email.
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 the assigned territory to promote written premium growth and favorable loss ratio results for the Advantage small business team.
Underwrite and price new and renewal accounts in accordance with company 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 that exceed 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, recommending agency management actions as appropriate.
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 workflow for the assigned territory that meets departmental standards and expectations.
Seek process improvements to increase the quality and level of service to internal and external customers.
Demonstrate commitment to self-development.
Perform other duties as assigned.