Commercial Lines Senior Production Underwriter

2 months ago

Pittsburgh, United States MMG Insurance Full time
MMG INSURANCE COMPANY

Job Description

Job Title:Production Underwriter - Senior

Department:Commercial Lines Underwriting

Reports To:Commercial Lines Manager

FLSA Status:Exempt

SUMMARY

Duties are those performed at the top non-supervisory level of the Commercial Lines production underwriter class.

Facilitates, accepts, rejects and modifies the underwriting of more complex/high-valued Commercial Lines risks. Serves as a resource to other departments within the Company as well as to agency representatives. Recommends Commercial Lines risk improvements, as necessary. Assists the Commercial Lines manager and/or the assistant manager with Commercial Lines workflow and projects, as assigned.

ESSENTIAL DUTIES AND RESPONSIBILITIES

  • Within an assigned territory, accepts, rejects, and modifies complex/high-valued Commercial Lines new business risks.
  • Responsible for profit-oriented risk selection and pricing decisions within designated authority on complex/high-valued multi-line risks.
  • Monitors aggregate quality and pricing of book of business alignment.
  • Markets company products and services to assigned agencies.
  • Participate in developing action plans for achieving individual agency objectives.
  • Develops ongoing relationships with agents, monitors agency growth, profitability, and quality of submissions, and keeps agents up to date with underwriting and/or product changes.
  • Checks information received concerning risks, inspection reports, and agents advises.
  • Serves as a consultant to production, rating and claims adjusting personnel, as required.
  • Maintains frequent visit schedule with all assigned agents.
  • Develops new Commercial Lines business development strategies for new territories and Agencies.
  • Assists in the coordination of major book of Commercial Lines business initiatives including, but not limited to, line of business or agency re-underwrites.
  • Communicates with marketing representatives, agency personnel, other insurance or inspection companies, or other entities as may be necessary, to obtain further information, quote rates, or explain Company Commercial Lines underwriting policies, using available resources including, but not limited to, the PC network/Company computer system, the telephone, the facsimile machine, and e-mail.
  • Provides Commercial Lines underwriting guidance and expertise to Commercial Lines Lead Underwriters on major complicated Commercial Lines underwriting decisions including those involving large values and seeks Management approval, as necessary.
  • Performs the above-described job duties by examining such Commercial Lines documents as application forms, inspection reports, insurance maps, claims' files, and medical reports to determine degree of risk from such factors as applicant financial standing, age, occupation, accident experience, and value and condition of property.
  • Applies extensive Commercial Lines product knowledge including, but not limited to, Company Commercial Lines underwriting guidelines and policy forms, Insurance Services Office's manuals and forms as well as knowledge of and familiarity with rating processes for all Company Commercial Lines product offerings.
  • Monitors Commercial Lines Claims Reports to Underwriting (CRU), collaborating with Casualty and Property Claims Departments and Underwriting Management, on decision-making. Includes collaborating with Commercial Lines underwriters to create action plans to resolve issues noted in CRU reporting.
  • Reviews and researches Commercial Lines coverage issues, as directed.
  • Collaborates with Commercial Lines Manager to research and prepare various Policyholder and Regulator complaint and compliance responses.
  • Serves as a representative on various MMG operational committees, as directed.
  • Assists in planning and implementation of various Commercial Lines department training activities, as directed.
  • Assists Underwriting Management with the preparation of Commercial Lines underwriting file audits.
  • Develops and maintains positive Company/Agency relations which includes agency travel and visitation, and attendance at various conventions/meetings. (May include overnight stays.)
  • Travels as required to perform the essential duties and responsibilities of the employee's position and to fulfill educational requirements. (May include overnight stays.)
  • Other duties may be assigned.
SUPERVISORY RESPONSIBILITIES

This job has no supervisory responsibilities.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE

Bachelor's degree and 6-8 years of related experience and or training; or equivalent combination of education and experience.

LANGUAGE SKILLS

Speaks clearly and persuasively in positive or negative situations; Listens and gets clarification; Responds well to questions; Demonstrates group presentation skills; Participates in meetings. Writes clearly and informatively; Edits work for spelling and grammar; Able to read and to interpret written information.

MATHEMATICAL SKILLS

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions and decimals. Ability to compute rate, ratio, and percent. Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference and volume.

Ability to apply concepts of basic algebra and geometry.

REASONING ABILITY

Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem-solving situations; Uses reason even when dealing with emotional topics.

COMPUTER SKILLS

To perform this job successfully, an individual should have knowledge of Office Productivity software such as Spreadsheet, Word Processing, Communications software, and Underwriting-related software.

CERTIFICATES, LICENSES, REGISTRATIONS

The Company may expect the employee to acquire, within a reasonable period of time as established by the Company, the Chartered Property/Casualty Underwriter designation, sponsored by the American Institute for Chartered Property and Casualty Underwriters; or the Certificate in General Insurance (INS Series); and/or the Associate in Underwriting (AU) designation; and/or the Associate in Personal Insurance (API), sponsored by the Insurance Institute of America.

The Company may expect the employee to take other courses it deems appropriate to the employee's job duties.

OTHER SKILLS AND ABILITIES
  • Demonstrates leadership by exhibiting confidence in self and others; Inspires and motivates others to perform well; Effectively influences actions and opinions of others; Accepts feedback from others; Gives appropriate recognition to others.
  • Possesses above-average telephone skills.
  • Possesses above-average interpersonal and relationship skills.
  • Demonstrates good negotiating skills.
  • Customer Service - Manages difficult or emotional customer situations; Responds promptly to customer needs; Solicits customer feedback to improve service; Responds to requests for service and assistance; Meets commitments.
  • Professionalism - Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibility for own actions; Follows through on commitments.
  • Demonstrates the ability to consistently maintain a positive attitude.
  • Works cooperatively and productively with employees.
  • Is self-motivated with strong organizational skills.


OTHER QUALIFICATIONS

Possesses a valid driver's license.

Able to travel 75% of the time

Teamwork - Balances team and individual responsibilities; Exhibits objectivity and openness to others' views; Gives and welcomes feedback; Contributes to building a positive team spirit.

Demonstrates an aptitude consistent with securing information, analyzing it, and making above-average decisions affecting the position's area of responsibility as well as the overall operation of the department.

Judgment - Displays willingness to make decisions; Exhibits sound and accurate judgment; Supports and explains reasoning for decisions; Includes appropriate people in decision-making process; Makes timely decisions.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to use hands to finger, handle, or feel and talk or hear. The employee frequently is required to stand, sit, and reach with hands and arms. The employee is occasionally required to walk; climb or balance. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception, and ability to adjust focus.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly exposed to outside weather conditions. The employee is occasionally exposed to fumes or airborne particles. The noise level in the work environment is usually moderate.

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