What are the responsibilities and job description for the Program Underwriter - Scrap Recycling Program position at Amwins Group, Inc.?
Amwins Program Underwriters (“APU”) is conducting a candidate search looking for a Program Underwriter, Scrap Recycling (RecycleGuard). Please visit www.amwins.com/opco/amwins-program-underwriters.
APU is a Managing General Agent (MGA) with brokerage capabilities within the Amwins Underwriting division. Depending on the specific program, we do everything from underwriting, to coverage analysis, brokering, pricing, claims, actuarial, loss control, policy issuance, and audits. We administer over 30 programs generating more than $380 million in premium across nine office locations and through 155 dedicated professionals.
Within APU, we create bespoke insurance programs for underserved niches. Generally, these industries are underserved because the risk is difficult to understand and service, as with the scrap industry. Our expertise in these niches allows us to out select the competition, allowing our programs to grow over the long term while maintaining stable relationships with our carrier partners. While not an insurance company, we underwrite on behalf of the insurance companies we partner with on our various programs.
APU’s parent company is Amwins Group, Inc. (“Amwins”) is the largest wholesale brokerage and group insurance administrator in the US with annual placed premiums over $26b, 155 locations around the world, and 6.2k employees. Amwins has expertise across a diversified mix of property, casualty and group benefits products, and offers value-added services to support some of these products, including product development, underwriting, premium and claims administration and actuarial services. Please visit us at www.amwins.com
Scrap Recycling Insurance ─ Program Coverages
Automobile ▪ General liability ▪ Umbrella ▪ Property ▪ Impaired Property ▪ Equipment Breakdown (including production machinery) ▪ Crime ▪ Inland Marine ▪ Conversion Coverage (Purchasing product/stock/material for recycling from a seller who does not have legal title or possession) ▪ Products (redefined to clarify coverage for material to be recycled, reconditioned, or reclaimed) ▪ Limited Pollution ▪ Stock (available with manufacturer's selling price valuation clause)
Position Overview
The Program Underwriter reviews accounts to determine acceptability within company underwriting authority. Completes underwriting and pricing of accepted accounts. If account is not within underwriting authority, prepares and submits it to the carrier; negotiates pricing and coverages. Initiates and assists sales staff with developing business. Serves as primary contact for agents and brokers in servicing and quoting accounts. Serves as interface between carrier and agent. Handles account problems with the agent, company and sales staff.
Primary Job Objective
The primary job objectives of this position are to grow the specific program book of business profitably, development of relationships with key program production sources in conjunction with team leaders and other team members.
Responsibilities
The Program Underwriter reviews accounts to determine acceptability within company underwriting authority. Completes underwriting and pricing of accepted accounts. If account is not within underwriting authority, prepares and submits it to the carrier; negotiates pricing and coverages. Initiates and assists sales staff with developing business. Serves as primary contact for agents and brokers in servicing and quoting accounts. Serves as interface between carrier and agent. Handles account problems with the agent, company and sales staff.
Primary Job Objective
The primary job objectives of this position are to grow the specific program book of business profitably, development of relationships with key program production sources in conjunction with team leaders and other team members.
Responsibilities
- Underwrites new and renewal program business for acceptability based on guidelines established by company and Amwins Program Underwriters: reviews applications, coverages, classifications, exposures, financial condition, loss information, and engineering reports; discusses pricing with producer, broker, or agent; quotes accounts within authority.
- Works with rating department to achieve pricing, terms, and conditions.
- Completes Account Summary detailing hazards, controls, coverages, terms, pricing and thought process for each account.
- Submits accounts above authority to underwriting manager and/or company.
- Sends out proposals.
- Initiates new business development.
- Serves as primary contact for agents and brokers; serves as interface between carrier and agents/brokers.
- Requests policies to be issued.
- Orders loss control in accordance with company guidelines, reviews completed reports and takes appropriate action, if any.
- Responsible for coverage changes and policy form modification, works in conjunction with company to provide modifications.
- Coordinates with other department personnel: consults engineering and claims to obtain necessary information in the handling of an account.
- Responds to phone calls and e-mails in a timely fashion.
- Approves endorsements within authority and refers those outside own authority.
- Completes Rate Change Reports.
- Quality reviews proposals and binding acknowledgements.
- Performs Quarterly Audits on peer files.
- Performs other duties as assigned.
Qualifications
- Minimum of one year of commercial property and casualty underwriting experience.
- Prior experience underwriting general liability, heavy auto and/or property a plus.
- Prefer carrier underwriting experience / training.
Equal Opportunity Policy: The acceptance of the requested information for consideration and referral of candidates will be without regard to a candidate’s race, creed, color, age, gender, marital status, veteran status, national origin, sexual orientation/identification/expression, disability status, or weight and will be based solely on the candidate’s qualifications for the position. We are an equal opportunity employer.
