Underwriting Specialist - Hybrid

About Us

Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong, consistent financial performance for nearly 100 years. Selective is recognized for its unique position as both a leading insurance group and an employer of choice, earning listings in Forbes Best Midsize Employers and certification as a Great Place to Work® for the sixth consecutive year. Employees are encouraged to Be Uniquely You, leveraging their diverse talents, experiences, and perspectives to contribute to the company's success.

Overview

Underwrites renewal business with a high degree of autonomy and authority from the Underwriting Manager. Works with agency book of business and profit/growth results, developing strategies to maximize territory results. Coaches and mentors new and less experienced peers, acting as a subject matter expert to the underwriting team. Participates in projects and initiatives.

Responsibilities

• Underwrite and process assigned renewal policies with a high degree of independence.
• Gather, analyze, and evaluate risk exposure through appropriate risk documentation.
• Adopt proactive actions and/or make proactive recommendations to improve risk profitability.
• Apply knowledge and understanding of coverage forms, rating plans, and guidelines in the selection and pricing of individual risks.
• Adequately price individual risks through proper classification, accuracy of information, and adherence to company underwriting standards and philosophy.
• Respond to agents' inquiries on coverage and adjust policy information based upon prescribed authority.
• Aggregates common agency questions/responses as a reference for the region.
• Work within a higher authority level to quote, accept, decline, modify, and renew risks within territorial assignment in accordance with accepted underwriting guidelines.
• Collaborate with Agents, AMS, team members, and other departments to grow and maintain a profitable book of business.
• Provide guidance to internal and external customers regarding various underwriting information.
• Independently and effectively communicate underwriting decisions and appetite at the individual account and portfolio level to internal and external customers.
• Reinforce the ease of doing business with Selective by meeting or exceeding customers’ expectations and service quality on a consistent basis.
• Develop and maintain highly effective working relationships with internal and external customers, peers, and management.
• Conduct routine agency visits. Communicate openly and in a timely fashion. Work diligently to achieve individual and team goals.
• Act as an advocate for and early adopter of departmental initiatives.
• Conduct continuous profit and growth analysis by territory and agency as assigned.
• Maintain premium retention using electronic reporting tools.
• Increase renewal premium by cross-selling additional coverage, products, or value-added services.
• Actively train and develop less experienced underwriters.
• Provide CLAS coverage and system training to both internal & external customers.
• Provide line of business or segment specific expertise to the department.
• Participate in or lead projects and initiatives.
• Actively support continuous improvement by routinely suggesting best practices and process improvements.
• Develop and maintain up-to-date knowledge of industry trends, company products/services, and competitive activity within assigned territory.
• Must have a valid license and be able to drive an automobile to support company travel within territory.

Qualifications

• Highly proficient written and verbal communication skills.
• Possesses extensive underwriting technical skills and broad knowledge of company products and underwriting guidelines.
• Ability to solve problems and make sound decisions based on diverse perspectives and effective use of data in a timely manner, even when faced with imperfect information.
• Effectively manages and executes on the appropriate balance between strategic thinking and attention to detail.
• Highly effective influencing and negotiation skills.
• Ability to develop and maintain highly effective working relationships with internal and external customers/peers.
• Fosters teamwork, collaboration, and a positive work environment.
• Acts as an early adopter and champion of new initiatives that align with organizational strategies.
• Must have valid state-issued driver’s license in good standing.

Total Rewards

Selective Insurance offers a total rewards package that includes a competitive base salary, incentive plan eligibility at all levels, and a wide array of benefits designed to help you and your family stay healthy, achieve your financial goals, and balance the demands of your work and personal life. These benefits include comprehensive health care plans, retirement savings plan with company match, discounted Employee Stock Purchase Program, tuition assistance and reimbursement programs, and 20 days of paid time off. Additional details about our total rewards package can be found by visiting our benefits page.

Pay Range

USD $92,000.00 - USD $115,000.00 /Yr.

Additional Information

Selective is an Equal Employment Opportunity employer. We respect and value every individual’s unique opinions, beliefs, abilities, and perspectives. We are committed to promoting a welcoming culture that celebrates diverse talent, individual identity, different points of view, and experiences – and empowers employees to contribute new ideas that support our continued and growing success. Building a highly engaged team is one of our core strategic imperatives, which we believe is enhanced by diversity, equity, and inclusion. We expect and encourage all employees and all of our business partners to embrace, practice, and monitor the attitudes, values, and goals of acceptance; address biases; and foster diversity of viewpoints and opinions.