Yacht Underwriter

Yacht Underwriter

We are Farmers – where ambition meets opportunity. At Farmers, we're not just known for unforgettable jingle – we're a team with a passion for purpose and making a real difference in people's lives. We deliver peace of mind when it matters most. Our results-driven, high-performance culture thrives on creativity, accountability and bold solutions. Here, growth isn't just a goal – it's a way of life for both the organization and every individual on our team. We tackle challenges head-on, learn from every experience and measure our impact on the customers who trust us. Join an award-winning, equal opportunity employer, where you'll find more than a job – you'll find a supportive community. Enjoy competitive benefits, take part in meaningful volunteer projects, and help shape the future alongside talented colleagues across all backgrounds. At Farmers, helping others is at the heart of what we do.

Job Summary: Responsible for development support of new Yacht product features to include the construction of appropriate policy language, required coverages, and necessary rating structure. Supports implements initiatives and capabilities that support consistent, accurate underwriting functions necessary to achieve company financial goals such as growth, profitability and ease of doing business targets. Accountable for core underwriting functions and serves as an expert in system rules, legal & compliance issues, underwriting authority, underwriting appetite guidelines and underwriting process flow. Helps identify and manage relationships with Yacht Specialist agencies to drive profitable new business growth and maintain renewal retention.

Essential Job Functions: Responsible for supporting the design, implementation, and monitoring Yacht product features. Develops short term and long term plans for assigned products and product features. Develops and manages business processes, creating improvements in underwriting efficiency, quality and/or productivity, cost reductions, competitive bench marking, organization analysis and customer service improvements. Participates with national projects/programs in an effort to substantially impact premium growth, expense reduction and/or profit improvement. Monitors, controls and evaluates the efficiency of the underwriting business rules engine, identifying new rules to support profitable growth and ensure proper rating of new and existing business. Evaluates, recommends and implements customer selection guidelines to support policy growth while protecting profitability. Participates in the development of written personal lines insurance policy contracts to be underwritten by the company; coordinates with Underwriting, Actuarial, Claims, Corporate Legal, Corporate Communications and State Filings to create and/or revise personal lines insurance contracts. Routinely conducts competitive analysis on contractual forms and underwriting guidelines identifying areas of opportunity for new products and underwriting best practices. Stays current on industry knowledge and makes relevant recommendations that may impact lines of business. Performs other functions as assigned.

Education

Requirements:
High School Diploma or equivalent. Bachelor's degree preferred.

Experience

Requirements:
5+ years of Yacht Underwriting and Agency Management.

Special Skill Requirement: Relationship management with Internal Sales partners and External Agent Partners preferred.

Additional Qualification: Demonstrated problem solving skills. Demonstrated analytical skills. Ability to analyze datasets and development meaningful/actionable insights. Demonstrated time management and priority setting skills. Excellent collaboration and team building skills. Proficient in English written and verbal communication skills. Ability to communicate across all levels of the organization, including executives and external partners/regulators. Effective leadership skills.

Physical Actions: This role, whether performed virtually or in an office setting, will include normal and customary distractions, noise, and interruptions. Sits or stands for extended periods of time, up to a full work shift. Occasionally reaches overhead and below the knees, including bending, twisting, pulling, and stooping. Occasionally moves, lifts, carries, and places objects and supplies weighing 0-10 pounds without assistance. Listens to, interprets, and differentiates auditory information (example others speaking) at normal speaking levels with or without correction. Visually verifies and reads information. Visually locates material, resources and other objects. Ability to continuously operate a computer for extended periods of time, up to a full work shift. Physical dexterity sufficient to use hands, arms, and shoulders repetitively to operate keyboard and other office equipment up to a full work shift.

Physical Environment: This position operates in an open office