Renewal Underwriter

2 weeks ago


Oakbrook Terrace, Illinois, United States Brown & Brown Full time


Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.

Bridge Specialty Group seeks an experienced Renewal Underwriter to join our commercial lines team in Oakbrook Terra, IL.

This individual will work in tandem with Producers, and Team Leader to provide quality service to our clients.

WHAT YOU WILL DO:

  • Adheres to the Bridge Specialty Group service standards.
  • Understands carrier guidelines including systems processes related to underwriter duties.
  • Underwrites and prices accounts per specific carrier guidelines.
  • Issues quotes and binders documenting insurance coverages.
  • Develops and promotes broker/agent relationships to help reach production goals.
  • Recognizes and evaluates inherent hazards and exposure associated with the individual risks.
  • Underwrites and binds renewal business.
  • Oversees and manages the work of Underwriters and Associate Underwriters.
  • Reviews and evaluates mid-term changes in exposure.
  • Pre-reviews existing accounts for potential non-renewal due to claims activity or increase in unacceptable exposure.
  • Reviews for cancellation (i.e., non-payment of premium, insured's request to cancel, etc.)
  • Other duties as assigned.

WHAT YOU WILL NEED:

  • Bachelor's degree and five to ten years related experience in the insurance industry and/or an equivalent combination of education and experience.
  • Chartered Property Casualty Underwriter (CPCU) preferred.
  • Understand policy construction for ISO and manuscript general liability coverage forms. Negotiate to improve coverage.
  • Experience with general liability, excess, auto, and workers' compensation rating.
  • Ability to multitask while maintaining accuracy in a fast-paced environment.
  • Independently market and rate coverage with carrier partners.
  • Analyze exposures and profitably underwrite within established guidelines.
  • Effectively negotiate with trading partners to broaden appetite and increase revenue.
  • Accept or decline risks based on analysis of variables.
  • Review applications, confirm complete data or request missing information, and determine appropriate underwriting action.
  • Evaluate risks to appropriately market based upon risk characteristics.
  • Review book of business for profitability and growth.
  • Develop productive internal and external relationships.
  • Take initiative to develop and expand program offerings.
  • Detail oriented and analytical approach to underwriting.
  • Proficient with agency management systems.
  • Property & casualty license in Illinois.
  • Ability to use Microsoft Word, Excel, and Outlook, policy and accounting systems, and vendor specific computer programs.

WHAT WE OFFER:
Excellent growth and advancement opportunities

  • Competitive pay based on experience
  • Paid Time Off (PTO)
  • Generous benefits package: health, dental, vision, 401(k), etc.
  • Employee Stock Purchase Plan
We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.
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