What are the responsibilities and job description for the Underwriter position at Harness Real Estate & Construction, Ltd.?
Job Title: Underwriter
Department: MPA
Supervisor: EVP or CEO of MPA
Status: Exempt
Summary
The Underwriter is responsible for underwriting, profitability, growth and retention of new and renewal business that is consistent with underwriting strategies for assigned program. The underwriter is accountable for managing a high volume environment. In the role, may act as a technical referral resource for less experienced Associate Underwriters and Underwriting Assistants. The underwriter uses individual judgment and discretion to operate within authority levels as delegated by the Vice President of Underwriting and CEO of MPA.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
Department: MPA
Supervisor: EVP or CEO of MPA
Status: Exempt
Summary
The Underwriter is responsible for underwriting, profitability, growth and retention of new and renewal business that is consistent with underwriting strategies for assigned program. The underwriter is accountable for managing a high volume environment. In the role, may act as a technical referral resource for less experienced Associate Underwriters and Underwriting Assistants. The underwriter uses individual judgment and discretion to operate within authority levels as delegated by the Vice President of Underwriting and CEO of MPA.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
- Ensure underwriting quality and profitability through application of the appropriate level of underwriting analysis based upon risk complexity to accept, decline, and quote these accounts. Decides which of several underwriting programs to place the account dependent upon class of business, sales, venue, number of vehicles, loss history and other criteria.
- Calculates standard rates and premium charges by using approved formulas and rating metrics.
- Applies Pricing Credits / Debits based upon individual underwriting analysis and in accordance with individual Letter of Authority.
- Develops or modifies Account Specific Endorsement wording when standard policy language is not appropriate.
- Function as MPA point of sale for proposal delivery and negotiation without seeking approval with respects to coverage and credits.
- Negotiates terms & conditions and pricing of accounts with wholesalers and retail brokers.
- Manages Broker relationships in order to develop New Business.
- Establishes effective relationships with Brokers to meet or exceed Cross Sell Goals.
- Prepares Accounts for External Carrier Audits.
- Completes Self Audits in Accordance with MPA Guidelines.
- Analyze UL policies for coverage issues and acceptability into program.
- Travel is Required.
