What are the responsibilities and job description for the Contract Commercial Underwriting Specialist position at Sterling Search Partners?
Sterling Search Partners is seeking an experienced Contract Commercial Underwriting Specialist to support our client in Birmingham. In this pivotal role, you will evaluate and underwrite insurance applications for businesses while focusing on analyzing risk and financial data to determine suitable coverage and pricing. Your expertise will directly contribute to the effectiveness of our commercial clients.
Key Responsibilities :
- Review and evaluate commercial insurance applications, including property, casualty, liability, and workers' compensation coverage.
- Analyze financial statements and risk factors, along with industry trends, to implement the most effective underwriting strategies.
- Negotiate and structure comprehensive insurance policies collaboratively with brokers, agents, and clients.
- Determine appropriate premiums, policy limits, deductibles, and coverage terms based on detailed risk assessments.
- Collaborate closely with sales, claims, and risk management teams to ensure efficient policy issuance and renewal processes.
- Stay current with industry regulations, market trends, and underwriting guidelines to enhance decision-making.
- Communicate proactively with clients and brokers for additional information or clarification regarding applications.
- Maintain accurate underwriting documentation and ensure prompt processing of applications, endorsements, and renewals.
- Evaluate and monitor the performance of existing commercial accounts, making necessary adjustments to enhance service delivery.
Required Skills and Qualifications :
