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Commercial Insurance Underwriter
Austin, TX · Legal"
Job Summary:
Responsible for profitable growth of Property/Casualty and Workers Compensation business through proper classification and pricing of risks within assigned territory/industry. Evaluates commercial business for risk acceptability - matching price to exposure, loss frequency and severity for profitability, and rating plans/modifications for renewal retention. Establishes collaborative relationships with Agencies to understand the external marketplace and underwrites within established performance standards and priorities that are responsive to marketing, underwriting, retention and service goals.
Job Function:
• Accepts, modifies or rejects risks based on a review of business in terms of loss experience, inspection reports, file information, web resources, policyholder tenure, related policies, and nature of risk in accordance with company guidelines, standards and compliance with state laws.
• Provides documentation for any exceptions to established guidelines and critical account information relating to the final underwriting decision. Verifies coverage eligibility. Interprets policy contract language/forms and uses approved classification systems, rating plans and selection standards to determine eligibility, desirability and proper classification/pricing.
• Effectively communicates decisions and resolve agent/customer concerns promptly. Provides technical assistance to internal and external customers regarding coverage interpretations, policy and endorsement provisions, and underwriting acceptability for commercial property/casualty and workers compensation coverages.
• Develops collaborative working relationships with assigned agents providing excellent customer service. Includes effective communication through phone calls and email to gather and analyze necessary information critical to the underwriting process and occasional field visits, to create new business opportunities and improve policy renewal retention.
• At direction of the Team Manager, evaluates unprofitable books of business, agents or districts. Assists in developing plans to improve profitability. Informs team Manager of weakness in coverage and/or products that are adversely impacting growth potential.
• Gathers pertinent competitive information to assist in developing recommendations to product development. Provides support in a mentoring role to other team members within the commercial department, providing underwriting philosophy, guidance and training on transactions that exceed team member authority levels.
• Assists in educating agencies on products, services, automation, and underwriting standards as well as sales and cross selling techniques to promote accomplishment of our corporate goals.
• Maintains underwriting quality standards. May be required to work outside of core business hours depending on business needs. Performs other duties as assigned.
Preferred Skills & Abilities:
• Previous commercial experience required.
• Independent agent experience preferred, but not required
• Specialized insurance courses a plus.
• Willingness to pursue additional Insurance Education through the CPCU program.
• Analytical, problem-solving, and decision making abilities.
• Excellent organizational and time management skills.
• Self-starter, ambitious, results-oriented abilities.
• Negotiation abilities with positive outcomes.
• Ability to multi-task and pay attention to detail
• Excellent verbal, written and interpersonal communication skills.
• Ability to work independently as well as in a team-oriented environment.
• Candidate qualifications may be reviewed against the requirements for the associated levels of this position's core function.
Physical Actions:
Required job duties include sedentary work as well as some or all of the following physical activities; lifting and/or carrying 40-lbs (suitcases, projectors, handouts, laptop computer, etc.), seeing, speaking, hearing, and occasional operation of a motor vehicle.
Physical Environments:
Required job duties are normally performed n a climate controlled office environment, with occasional job duties performed in company car, airplane, hotels and various physical sites dictated by travel that are not always in a climate controlled environment.
Education Requirements:
•Four-year college degree
•Willingness to pursue additional Insurance Education through the CPCU program.
Experience Requirements:
One to two years of Commercial Underwriting experience.
Special Skills Requirements:
• Technical expertise in commercial risk selection and pricing.
• Knowledge of management information and business systems (Word, Excel, PowerPoint, Access).
• Excellent verbal, written and interpersonal skills, with demonstrated presentation skills.
• Analytical thinking skills are necessary to make timely, appropriate decisions and recommendations after reviewing all relevant information.
• Ability to successfully interact with the agency force to grow business while at the same time maintaining underwriting discipline.
• Ability to read and interpret policy contract language.
• Working broad-based knowledge of relevant insurance laws and statutes; the contract issue process, computer systems, competitor’s products and marketing practices.
• The above statements are intended to describe the general nature and level of work being performed by people assigned to this job.
• They are not intended to be an exhaustive list of all functions, physical demands and skills required of personnel so classified.
Job Summary:
Responsible for profitable growth of Property/Casualty and Workers Compensation business through proper classification and pricing of risks within assigned territory/industry. Evaluates commercial business for risk acceptability - matching price to exposure, loss frequency and severity for profitability, and rating plans/modifications for renewal retention. Establishes collaborative relationships with Agencies to understand the external marketplace and underwrites within established performance standards and priorities that are responsive to marketing, underwriting, retention and service goals.
Job Function:
• Accepts, modifies or rejects risks based on a review of business in terms of loss experience, inspection reports, file information, web resources, policyholder tenure, related policies, and nature of risk in accordance with company guidelines, standards and compliance with state laws.
• Provides documentation for any exceptions to established guidelines and critical account information relating to the final underwriting decision. Verifies coverage eligibility. Interprets policy contract language/forms and uses approved classification systems, rating plans and selection standards to determine eligibility, desirability and proper classification/pricing.
• Effectively communicates decisions and resolve agent/customer concerns promptly. Provides technical assistance to internal and external customers regarding coverage interpretations, policy and endorsement provisions, and underwriting acceptability for commercial property/casualty and workers compensation coverages.
• Develops collaborative working relationships with assigned agents providing excellent customer service. Includes effective communication through phone calls and email to gather and analyze necessary information critical to the underwriting process and occasional field visits, to create new business opportunities and improve policy renewal retention.
• At direction of the Team Manager, evaluates unprofitable books of business, agents or districts. Assists in developing plans to improve profitability. Informs team Manager of weakness in coverage and/or products that are adversely impacting growth potential.
• Gathers pertinent competitive information to assist in developing recommendations to product development. Provides support in a mentoring role to other team members within the commercial department, providing underwriting philosophy, guidance and training on transactions that exceed team member authority levels.
• Assists in educating agencies on products, services, automation, and underwriting standards as well as sales and cross selling techniques to promote accomplishment of our corporate goals.
• Maintains underwriting quality standards. May be required to work outside of core business hours depending on business needs. Performs other duties as assigned.
Preferred Skills & Abilities:
• Previous commercial experience required.
• Independent agent experience preferred, but not required
• Specialized insurance courses a plus.
• Willingness to pursue additional Insurance Education through the CPCU program.
• Analytical, problem-solving, and decision making abilities.
• Excellent organizational and time management skills.
• Self-starter, ambitious, results-oriented abilities.
• Negotiation abilities with positive outcomes.
• Ability to multi-task and pay attention to detail
• Excellent verbal, written and interpersonal communication skills.
• Ability to work independently as well as in a team-oriented environment.
• Candidate qualifications may be reviewed against the requirements for the associated levels of this position's core function.
Physical Actions:
Required job duties include sedentary work as well as some or all of the following physical activities; lifting and/or carrying 40-lbs (suitcases, projectors, handouts, laptop computer, etc.), seeing, speaking, hearing, and occasional operation of a motor vehicle.
Physical Environments:
Required job duties are normally performed n a climate controlled office environment, with occasional job duties performed in company car, airplane, hotels and various physical sites dictated by travel that are not always in a climate controlled environment.
Education Requirements:
•Four-year college degree
•Willingness to pursue additional Insurance Education through the CPCU program.
Experience Requirements:
One to two years of Commercial Underwriting experience.
Special Skills Requirements:
• Technical expertise in commercial risk selection and pricing.
• Knowledge of management information and business systems (Word, Excel, PowerPoint, Access).
• Excellent verbal, written and interpersonal skills, with demonstrated presentation skills.
• Analytical thinking skills are necessary to make timely, appropriate decisions and recommendations after reviewing all relevant information.
• Ability to successfully interact with the agency force to grow business while at the same time maintaining underwriting discipline.
• Ability to read and interpret policy contract language.
• Working broad-based knowledge of relevant insurance laws and statutes; the contract issue process, computer systems, competitor’s products and marketing practices.
• The above statements are intended to describe the general nature and level of work being performed by people assigned to this job.
• They are not intended to be an exhaustive list of all functions, physical demands and skills required of personnel so classified.
***Full Benefits
***Must be willing to travel occasionally
***Bonus Eligible
***Relocation Assistance Available
"***Bonus Eligible
***Relocation Assistance Available