Senior Underwriter

Responsibilities

• Support the underwriting process by making appropriate decisions within assigned authority levels.
• Review insurance applications and process accounts.
• Project a professional company image through internal and external customer interaction.
• Identify and develop plans to expand agency relationships with assigned offices.
• Provide analysis and identification of agency staff to develop plans and approaches for building deeper agency relationships.
• Assess new and renewal accounts to determine acceptability based on NIC underwriting guidelines and authority granted.
• Review new and renewal accounts to verify issuance is in compliance with NIC underwriting guidelines, address discrepancies as needed, and enter information into appropriate systems.
• Create, analyze, and interpret data from various systems and underwriting resources.
• Maintain familiarity with state laws and filing requirements within assigned territory to properly transact business within a state.
• Consult with agency staff to obtain additional information on existing accounts.
• Promote consistency throughout underwriting teams by contributing knowledge and soliciting feedback relative to underwriting philosophy and company goals.
• Maintain confidentiality with discretion and integrity with both internal and external information.
• Maintain familiarity with state laws and filing requirements within assigned territory to properly transact business within a state.
• Consult with underwriting team to determine if reinsurance is needed and negotiate terms with designated reinsurer companies.
• Identify and recommend changes to policy verbiage when standard text is not appropriate.
• Seek manager approval before implementing changes.
• Monitor the amount of insurance in force on a single risk or group of closely related risks.
• Evaluate the possibility of catastrophe losses and take necessary action.
• Occasionally assist with the development of special programs, underwriting procedures, and educational seminars.
• Compose reports and business correspondence such as travel summaries, agendas, and meeting minutes.
• Cook up internal and/or external visits including, but not limited to, scheduling meetings, confirming staff availability, and arranging meals/entertainment.
• Provide guidance and support to less experienced team members within the department.
• Travel to agent offices and/or other external events is required.

Qualifications

• Bachelor's degree; or at least two years’ experience in a business or related field; or an equivalent combination of training and experience that provides the required knowledge, skills, and abilities.
• AIS, ASLI, AU, and CPCU designations or completion of other insurance-related classes is preferred.
• A minimum of five (5) years’ experience as an Underwriter.
• Basic knowledge of computer programs in a Windows environment, including Word, Excel, and Outlook.
• Able to learn and utilize various underwriting applications to determine accurate classifications and calculate rates and premium charges using approved rating methods.
• Excess and surplus lines background is strongly preferred.
• Able to compute rates, ratios, and percentages.