Current jobs related to Renewal Underwriter I - Pekin - Pekin Insurance

Ready to take the next step in your career? Maybe you're looking for advancement opportunities, a better work-life balance, or just something new and exciting.

At Pekin Insurance, we strive to go Beyond the expected® in everything we do.

Position Overview

The Renewal Underwriter I is responsible for working in a Commercial Lines team environment to meet established company profit and growth goals within a designated geographic territory. This position underwrites renewals and endorsements and completes other underwriting related transactions.

Essential Job Functions

• Accepts, rejects, and prices risks to achieve profitability goals within a territory and to minimize financial peril to the company
• Manages an individual territory within stated underwriting and acceptability guidelines to achieve or exceed retention goals
• Provides consultation to agents and sales personnel on coverage forms, rate endorsements, and enhancements to promote company products and resolve applicant and insured's insurance needs
• Reviews and evaluates insured and third party contract language to determine compliance within the company guidelines along with offering appropriate endorsements or coverages
• Accepts, declines, modifies, and negotiates requests for coverage when evaluating renewal business or change requests
• Utilizes underwriting knowledge to educate and train agents and new team members on our underwriting appetite, commercial lines products, coverages, and computer systems
• Uses independent judgement to propose deviation to management from established underwriting guidelines as required to meet growth and profit objectives
• Participates on departmental and enterprise committees to consult on various topics related to Commercial Lines underwriting and operations, as directed
• Acquires, evaluates, and analyzes internal and external information in order to make selection and pricing decisions that are consistent with underwriting philosophy and in accordance with departmental and company initiatives
• Underwrites renewal business, loss control reports, reinstatements, cancellations, endorsements, and other miscellaneous transactions
• Underwrites small, mono-line quotes and new business submissions
• Communicates underwriting decisions via written verbal correspondence
• Organizes and leads interdepartmental meetings on larger, more complex renewals
• Works in a cross functional team with Personal Lines Underwriting, Life Underwriting, Sales, and other departments to achieve company profit and growth goals
• Assists with the mentoring of Commercial Lines Underwriting staff
• Performs other duties as assigned

Education & Experience

Required

• Bachelor's degree in business-related field or equivalent experience
• Typically requires 3+ years of industry experience

Preferred or Specialized

• Prior experience with commercial insurance rating, customer service, or underwriting

Certifications & LIcenses

• Willingness to actively pursue continuing education and work toward professional insurance designations

Knowledge, Skills & Abilities

Basic ability to:

• Communicate effectively in both oral and written form
• Analyze, organize and prioritize work while meeting multiple deadlines
• Adapt to changes in responsibilities, work processes, timeframes, performance expectations, organizational culture, or work environment
• Work comfortably in a fast-paced work environment
• Define problems, collect data, establish facts, and draw valid conclusions

Basic skill in:

• Customer service

What We Offer

We get it You're looking for a career with a company that invests in you. Our desire to enhance the employee experience through our benefits, work perks, and team-oriented environment made us one of 2019's and 2020's "Best Places to Work in Illinois."

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