Commercial Lines Underwriter

Job description

This position reviews and appraises applications for insurance placement. UW uses knowledge and independent judgment to determine risk eligibility compared to available program guidelines. The employee interacts with Companies and Brokers via telephone, e-mail, regular mail, and personal contact.

Essential Duties and Responsibilities

• Review applications for insurance coverage, reports from loss control consultants, and other information to determine if the application is acceptable for the program(s) available.
• Evaluate the experience of a risk against the class of business under review.
• Evaluate the loss potential due to catastrophe, severity, and/or frequency.
• May rate policies or check previously rated policies for proper rating.
• Utilizes knowledge of automated systems to develop information for new or renewal policies.
• Prepares quotations for agents and answers questions from agents, policyholders, or prospects.
• Assists agents with comments or questions about applications and the likelihood of acceptance by the company.
• Reviews requests for cancellation, endorsements, etc.
• Reviews policies for renewal consideration.
• Request additional documentation necessary to process an application, endorsement, or cancellation.
• Conduct marketing visits to agents.
• Performs other duties as assigned.

Qualifications/Requirements

• Must have a Producer’s License. (Property & Casualty, "P&C")
• 3 plus years of insurance experience.
• Prior exposure to insurance underwriting type activities.
• Basic familiarity with computers.
• Good oral and written communication skills.
• Strong analytical skills and the ability to pay attention to details.
• Resourceful and controlled assertive behavior characteristics.
• Must have demonstrated negotiation skills
• Technical knowledge of insurance coverage forms and their application to exposure.
• Knowledge of departmental regulations and policies.
• Ability to work independently and to complete assignments within parameters of instructions given, prescribed routines, and standard accepted underwriting practices.
• Strong interpersonal skills working with Staff and Company Underwriters
• Experience in standard underwriting practices and procedures.
• Associated classes or courses and/or industry license or designation.