What are the responsibilities and job description for the Underwriting Specialist, Non-profit position at GuideOne Insurance?
For more than 60 years, we have protected organizations that strive to make the world a better place. We support this cause by safeguarding our members’ property and assets. Through diligent research and analysis, Field Underwriting develops products and services that truly benefit our members. Consistent with our core value of being nimble, the department produces insurance coverage plans that meet the ever-changing needs of churches, educational institutions, small businesses and nonprofit organizations. We make positive change possible for these organizations by protecting them while they pursue their mission to do good.
The Underwriting Specialist is responsible for managing a book of business for profitability and growth, including responsibility for advising other underwriters and support staff on technical systems, processes and procedures and consulting at the highest level of technical underwriting authority. The Underwriting Specialist fully reviews both new and/or renewal business, assesses risk of coverage, prepares quotes and responds to coverage questions, within the assigned authority level. Reviews and approves underwriting decisions for lower authority level underwriters. Prepares recommendations for review with a Commercial Lines Manager if policy is outside prescribed authority limits. Builds successful relationships with agents to drive increased, positive business flow. Works under limited supervision and exercises significant independent judgement in performing work.
As an Underwriting Specialist, you will be responsible for:
· Analyzes exposures and determines acceptable risks for complex niche business to determine coverage and premium that is both adequate and competitive in the marketplace.
· Often handles or provides support to a more complex state, risk, regulatory environment, and CAT exposure.
· Takes a tactical approach to underwriting in order to achieve desired profitability and growth of book of business within established goals and business metrics.
· Exercises judgment and latitude based on industry experience in order to evaluate risk and make or recommend decisions as part of the overall department strategy.
· Analyzes inspection reports, location, risk, and financial reports to accept or reject new and renewal business in property and casualty lines.
Manages risk portfolio to ensure the assigned book of business is tracking with established goals and key business metrics.
· Reviews and approves underwriting decisions for lower authority levels.
· Works collaboratively with Underwriting Assistants on accounts and agency relationships within assigned underwriting territory.
· May provide work direction to lower authority level underwriters and underwriter assistants.
Provide backup support for commercial lines manager in their absence or during times of increased work load.
· Builds successful relationships with agents to drive increased, positive business flow.
· Takes initiative and seeks out new business opportunities.
· Communicates with Loss Control and Risk Management for inspections.
Assist in training and mentoring lower level underwriters
