Job Description

Summary: 

The Underwriter I is responsible for executing strategic initiatives and achieving financial objectives within the underwriting department to support the company's revenue and profitability targets. This role involves underwriting new and renewal insurance applications, understanding exposures associated with each risk, determining risk acceptability, and establishing appropriate pricing. The Underwriter I collaborates closely with agents to drive new submission opportunities, deliver best-in-class customer service, and works with internal departments such as Loss Control, Marketing, and Claims to ensure a successful experience for agents, policyholders, and internal stakeholders.

A Commercial Underwriter evaluates the risk associated with insuring businesses and commercial entities to determine appropriate coverage and premium levels. Key responsibilities include:

Essential Duties and Responsibilities:

· Responsible for quoting new and renewal business.

· Review submissions from agents, ensuring all required documentation is complete (applications, loss runs, etc.)

· Review and assess all eligible new and renewal business submissions to maximize profitability and retention.

· Analyze and document risks for business eligibility in support of the company’s Underwriting guidelines.

· Delivers timely issuance of quotations, policies, renewals, endorsements and cancellations.

· Develop high quality company-agency and company-client working relationships.

· Maximizes agency and policyholder retention.

· Obtains experience mod and ownership information from NCCI and NCRB for all risks.

· Works with new prospective agents to build relationships, sell culture, and build mutual growth.

· Delivers timely customer service to clients, company personnel, and agency partners.

· Conducts all business in a professional manner and with the highest ethical standards.

· Maintains confidentiality of all information obtained during the course of employment.

· Continue professional growth and development through assisting with company projects, participating in company events, insurance industry functions and through self-study.

· Review monthly reports, individual results and goals and implement necessary changes to ensure strategic initiatives and operational objectives are being met.

· Manage book of business and agency related results and concerns by monitoring reports and communications and facilitate collaboration between Underwriters, Claims, Risk Management and others as outlined in the Interdepartmental Communication Requirements document.

· Other duties as assigned.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education/Experience

Bachelor’s degree in insurance or business or related degree is preferred. Two or more years of underwriting experience.

Licenses/Credentials

Insurance designations (CPCU, CIC, or equivalent) are a plus.

Required Skills/Abilities

• Experience in commercial property and casualty space.
• Experience working as an underwriter.
• Strong analytical skills and decision-making skills.
• Strong technological skills with ability to use multiple computer applications and programs. 
• Strong knowledge of MS Office Suite applications, spreadsheets, report writers, word processors, PowerPoint and information systems. 
• Strong oral and written communication skills with the ability to clearly communicate across many levels within the organization as well as externally.
• Strong organizational skills and ability to work with little or no supervision.
• Ability to work independently while managing multiple submissions and deadlines.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The work is typically performed in an office environment, with a moderate noise level. Occasional travel to other company locations may be required.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

· Prolonged periods sitting.

· Kneeling to reach storage.

· Ability to lift up to 10 pounds at times.

Fast-paced environment with constant multi-tasking in a fluctuating environment

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