What are the responsibilities and job description for the Sr Production Underwriter position at UFG Insurance?
UFG is looking for a Sr. Production Underwriter to join our team in a multi-line, multi-industry opportunity. In this role you will be responsible for attracting and underwriting middle market business, deploying effective account management while fostering strong working relationships with agency partners. This role executes underwriting strategy to achieve profit and premium plans. The Sr. Production Underwriter will handle a renewal book in their territory as assigned. This role assists with the resolution of escalated issues, and mentors and coaches team members.
Responsibilities
Education:
The above statements are intended to describe the general nature and level of work being performed by individuals assigned to this job. It is not designed to contain or be interpreted as a comprehensive list of all duties, responsibilities, and skills required. Additional tasks and requirements may be assigned, as necessitated by business need. UFG retains the right to modify the description of this job at any time.
Responsibilities
- Profitably underwrite complex new and renewal business through risk selection, pricing, contractual integrity, and account management, in accordance with delegated authority, and ensuring regulatory compliance.
- Demonstrate critical thinking in assessing the risk and identifying exposures and controls.
- Price risk commensurate with exposures and controls.
- Set appropriate terms and conditions to deliver a profitable portfolio
- Document assigned files with underwriting thought process.
- Serve as a subject matter expert to assist team members with complex risks.
- Through effective portfolio management skills, achieve profit and premium plans for prescribed business unit strategies.
- Achieve production goals within assigned territory
- Responsible for marketing, which includes both in-person and virtual sales calls with agencies and insureds.
- Prospecting and developing a strong pipeline of new business opportunities.
- Develop and maintain successful relationships with producers and agencies.
- Represent UFG in the marketplace, articulating the company’s capabilities in underwriting, risk control, and claims, across all business units at UFG.
- Collaborate with Business Unit and Line of Business underwriting, Sales and Distribution, Underwriting Center, Underwriting Support, Risk Control, Legal, Claims, and other internal partners to ensure optimal stakeholder management.
- Complete agency reviews, capturing appropriate intel around market opportunities. Provide feedback to management on the current state of the marketplace, agencies, and competition.
- Mentor and train team members, acting as a resource for the team to answer questions, resolve escalated issues, and provide guidance.
- Represent the field underwriter perspective in key corporate initiatives and projects.
- Support and participate in the deployment of technical underwriting training/content.
Education:
- Four-year college degree preferred.
- Completion of or working towards AU, CIC and/or CPCU designations preferred.
- 5 years commercial lines underwriting experience preferred.
- Advanced risk evaluation skills and insurance contract knowledge.
- Capability to execute current underwriting strategy for assigned territory to make effective underwriting decisions.
- Strong leadership skillset to include ability to mentor, coach, and train.
- Ability to work in a fast-paced environment while prioritizing and completing work efficiently and effectively.
- Excellent customer service skills.
- Effective stakeholder management skillset to include ability to establish high degree of trust with internal and external partners.
- Analytical and problem-solving skills with an affinity for detailed accuracy.
- Advanced communication and negotiation skills.
- Strong time-management skills with the ability to meet deadlines and effective dates.
- Advanced knowledge of agency force and current market environment.
- Excellent sales skills, with proven track record of growing a profitable book of business.
- General office conditions; remote, in-person, and hybrid options determined by manager.
- Travel required, as per assigned book of business and territory.
- Driver’s license and acceptable MVR required.
The above statements are intended to describe the general nature and level of work being performed by individuals assigned to this job. It is not designed to contain or be interpreted as a comprehensive list of all duties, responsibilities, and skills required. Additional tasks and requirements may be assigned, as necessitated by business need. UFG retains the right to modify the description of this job at any time.
