Associate Underwriter - Package Lines

About the role

The salary range for this job posting is $43,950.00 - $78,759.00 annually + bonus + benefits. Pay Type: Hourly.

Responsibilities

• Perform routine selection, evaluation, and pricing of all assigned risks, following established procedures, for policies for all lines of commercial insurance.
• Process new business, revisions, renewals and select reinsurance quoting.
• Review basic new and renewal business requests and determine acceptability, using appropriate Encova, state specific and industry rules, policies, procedures, guidelines, etc.
• Issue and assemble policies.
• Effectively utilizes industry rules and guidance to ensure proper policy construction.
• Process endorsements, cancellations, declinations, and reissues of policies, following appropriate rules, policies, procedures and guidelines.
• Field routine agency service requests, referring more complex issues to the team’s mentoring underwriter and/or Regional Vice President.
• Maintain user knowledge of internal systems and any available rating programs.
• Successfully complete transactions such as supplemental underwriting reports, MVRs, financials, surveys, agency transfers, statement of values, and driver list follow-ups within assigned authority and refer risks to commercial underwriter that do not meet guidelines.

Qualifications

• A high school diploma required.
• Two years’ experience in a professional business or insurance environment preferred.
• A bachelor’s degree from an accredited college or university is preferred and may substitute for experience.
• Preference may be shown to applicants who have previous commercial lines underwriting experience.
• Critical thinking: Ability to assess an individual situation and select applicable alternatives from an array of options, resulting in the most appropriate and sustainable decision.
• Working knowledge of the state specific underwriting laws and rules and their application to the book of business.
• Working knowledge of underwriting principles and practices, risk selection and classification.
• Working knowledge of the operational policies and procedures.
• Ability to multi-task several assignments simultaneously while meeting established guidelines.
• Results-oriented with strong decision-making, analytical and problem-solving skills.
• Ability to work effectively within a team environment.
• Ability to adjust priorities based on changing situations.
• Ability to communicate effectively.
• Ability to establish and maintain effective working relationships with others to achieve objectives.
• Proficient in Excel.

Skills

• High school diploma or equivalent.
• Two years' experience in a professional business or insurance environment.
• Bachelor’s degree from an accredited college or university.
• Previous commercial lines underwriting experience.
• Knowledge of state specific underwriting laws and rules.
• Underwriting principles and practices.
• Operational policies and procedures.
• Multi-tasking and prioritization skills.
• Decision-making, analytical, and problem-solving skills.
• Effective communication and teamwork abilities.
• Proficiency in Excel.

Benefits

Available benefits (subject to any policy or plan changes) include, but are not limited to: Health, Dental & Vision Insurance, Company-provided life and income protection plans, Eligibility to participate in a company incentive bonus program, 401(k) Retirement Plan - 100% company match up to 7% on annual salary, Paid Time Off, Paid Holidays, and Floating Holidays, Flexible Work Arrangements - Hybrid and remote depending on the role.

Pay

Pay Type: Hourly.

Schedule

Not specified.

Requirements

Not specified.

Qualifications

• A high school diploma or equivalent.
• Two years' experience in a professional business or insurance environment.
• A bachelor’s degree from an accredited college or university is preferred and may substitute for experience.
• Previous commercial lines underwriting experience.
• Knowledge of state specific underwriting laws and rules.
• Underwriting principles and practices.
• Operational policies and procedures.
• Multi-tasking and prioritization skills.
• Decision-making, analytical, and problem-solving skills.
• Effective communication and teamwork abilities.
• Proficiency in Excel.