Commercial Lines Underwriter

Specialty Program Group-Wholesale (SPG Wholesale) is the wholesale division of Specialty Program Group, combining five legacy wholesale brands—Monarch E&S, Beacon Hill Associates, Specialty Wholesale Insurance Solutions (SWIS), Capitol Special Risk, and JDM & Associates—into one unified platform. Our goal is to partner with industry-leading specialty businesses to help them achieve their goals and optimize their operations. As a division of HUB International, Specialty Program Group offers access to capital and investment, deep carrier relationships, creative thinking, product development, and broad distribution while allowing our businesses to maintain their unique strengths. SPG delivers leading-edge specialty expertise backed by transformative digital capabilities and sophisticated data and analytics.

About the role

The Commercial Lines Underwriter is responsible for developing, managing, marketing, underwriting, and sustaining profitable business by providing high-level technical and sales expertise with commercial insurance coverages for the clients of independent and retail insurance agents and brokerages.

Responsibilities

• Builds cooperative and dependable relationships with independent insurance agencies and brokerages to create business placement opportunities.
• Develops and maintains underwriting and cooperative service relationships with insurance carriers by demonstrating in-depth knowledge of commercial insurance and underwriting guidelines, both in excess and surplus lines and standard markets.
• Recognizes acceptable business opportunities through the underwriting pre-qualification process.
• Successfully negotiates market placements of new and renewal business.
• Meets and sustains targeted revenue goals.
• Coordinates resources to accomplish specific account objectives.
• Assumes ultimate responsibility for the successful completion of all account tasks and details on account portfolio.
• Motivates and educates co-workers, blending leadership and technical skills.
• Is knowledgeable of workplace laws and corporate policies and practices; maintains a fair office work environment.

Requirements

• Active Property and Casualty License required.
• Ability to travel extensively (up to 50%); must have and maintain a valid driver’s license.
• Bachelor’s degree preferred; equivalent experience and knowledge considered.
• 5-7 years of relevant experience in a commercial insurance brokerage or underwriting environment, including wholesale brokerage experience.
• Demonstrated understanding of commercial insurance coverages and relevant forms for excess and surplus lines, as well as knowledge of both admitted and non-admitted markets.
• Trusted working relationships with carrier and markets.
• Highest level of customer relations, sales management, and negotiating skills to effect profitable results.
• Highest level of interpersonal skills to facilitate team building and resource management.
• Proficient in Microsoft Office including Word, Excel, and Outlook.

Pay

The expected salary range for this position is $70,000–$110,000 and will be impacted by factors such as the successful candidate’s skills, experience, and working location, as well as the specific position’s business line, scope, and level.

Benefits

• Comprehensive health, dental, vision, life, and disability insurance.
• Flexible Spending Account (FSA) and Health Savings Account (HSA).
• 401(k) retirement plan.
• Paid-time-off benefits including vacation, sick leave, personal days, floating holidays, and company holidays.
• Eligible annual bonuses, equity, and commissions for some positions.