Executive Underwriter

Position Summary

This position is expected to evaluate commercial insurance applications in order to produce and underwrite new and renewal business from an assigned group of agencies in a timely and accurate manner. Strong analytical, communication, territory management, and marketing skills are required.

Essential Functions

• Decides whether to accept, decline or modify applications or requests to sell an insurance policy and once sold, recognizes and evaluates exposure changes as they occur during a policy period and includes an understanding of the company's target programs and coverage.
• Evaluates, quotes and negotiates prices on applications from new and renewal customers and requests for changes in policies which requires an understanding of statutory requirements, ISO, company and NCCI coverage forms and endorsements and commercial line reference manuals, including Best’s Underwriting Guide.
• Manages a group of agencies, including prospecting for new agencies, agency appointment, growth and development, maximization of agency profit sharing opportunities and credit management; evaluates agency factors, including agency personnel, line diversification, loss ratio, agency book of business, volume and profit potential and which agencies to appoint or terminate.
• Travel as necessary to perform sales and marketing activities, maintain territory, attend meetings, or for other reasons deemed necessary to fulfill position requirements.
• Solicits new business and retains renewal business through effective presentations to agency and customer audiences.
• Manages and develops business in an assigned territory, including achieving profitable underwriting results, sales development and customer service functions.
• Formulates, plans and achieves sales budgets, with objectives to support business planning, for assigned accounts and territory, including setting and achieving premium and loss ratio goals, agency and prospecting calls and business forecasting.
• Serves as a source of knowledge within the company.
• Participates in complex research, analysis or development projects requiring advanced skills as assigned directly from home office underwriting.
• Serves as a source of knowledge within the company.
• Performs other duties as assigned.

Qualifications

• Bachelor's Degree in Finance, Insurance, Risk Management, or other Business related field preferred; or equivalent experience.
• Minimum of 5-7 years’ experience in the following areas: Field Underwriting – Construction, Forest Products, Manufacturing, Oil & Gas Underwriting New & Renewal Business – Determine pricing and understand commercial lines policy forms and coverages Analyzing & Managing Exposures – Develop action plans to manage risks and changes during a policy period Agency Management – Growth and development; prospecting; appointment; and maximization of opportunities and responsibilities External Sales – Cultivate new business while demonstrating retention of current customers through presentations to agencies and customers.

Salary Range

$110,000.00-$180,000.00, commensurate with experience

Benefits

• Competitive salary and benefits
• Paid Time Off and 12 paid holidays a year
• Health, dental, and vision insurance
• Company paid life insurance – 2x annual earnings
• Old Republic 401(k) Savings and Profit Sharing Plan
• Eligible for Company Performance Recognition Bonus

Education and training opportunities

Insurance designations encouraged with financial assistance available

Employee Fitness Program