What are the responsibilities and job description for the Senior Underwriter/Senior Underwriting Specialist position at Summit?
Headquartered in the Central Florida city of Lakeland, Summit employs over 700 office and field associates at its main location and regional offices in Baton Rouge, Louisiana, and Gainesville, Georgia. As the people who know workers' comp, we strive to provide an atmosphere of constant growth and development for our employees.
Summit provides workers' compensation programs and services to thousands of employers throughout the Southeast.
Summit is a member of Great American Insurance Group, a company that focuses on building relationships and linking people to various career paths. Whether it's underwriting, claims, accounting, IT, legal, or customer service, Great American Insurance Group combines a small-company entrepreneurial atmosphere with big- company expertise.
Essential Job Functions and Responsibilities
- Evaluates and underwrites new and renewal business in accordance with Company underwriting guidelines and risk appetite.
- Analyzes risk data to make informed decisions on coverage, pricing, and terms.
- Collaborates with actuaries, agents, brokers, and clients to obtain necessary information and clarify details.
- Orders and reviews additional reports and screens, such as motor vehicle reports, loss history reports, outside inspections, etc., to inform decisions.
- Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.
- Evaluates existing policies for potential renewal or modification.
- Communicates underwriting decisions clearly and effectively to internal teams, agents, and brokers.
- Stays updated on industry trends, regulatory changes, and market conditions.
- Develops and maintains effective business relationships with internal and external customers / coworkers in order to attract and retain profitable business.
- Interprets, explains, and markets products and services.
- Develops relationships with agents & brokers through in-person visits and telephone interactions.
- Performs other duties as assigned.
- This role has the potential, based on experience, to be hired within the Underwriting Career Path as a Senior Underwriter up to a Senior Underwriting Specialist.
- The person hired for this position could work remotely in central or northern Virginia OR will work out of the Gainesville, GA office which offers a hybrid work environment of 3 days in the office and 2 days working from home.
Job Requirements
Education : Bachelor's Degree in Business, Economics, Risk Management and Insurance, or a related field or equivalent experience.
Experience : Generally, a minimum of 5 years of experience in Underwriting or a related field. Continuing progress toward and / or the completion of a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS), or Associate of Risk Management (ARM).
Scope of Job / Qualifications : Performs work under general supervision and technical direction. Familiar with moderately complex concepts, practices and procedures. Works with authority on assignments of moderate technical complexity. Maintains strong knowledge of company policies and industry laws and regulations. Excellent interpersonal and communication skills. Demonstrates strong analytical skills with attention to detail. Strong negotiation and decision-making ability. Position requires occasional travel.
Company :
SCI Summit Consulting, LLC
Benefits :
Compensation varies by role, position level, and location. Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.
We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave / adoption assistance, and a 401(k) plan with company match. These benefits are available to eligible full-time and part-time employees.
Your recruiter can provide more details about our total rewards and specific compensation ranges during the hiring process.
