Commercial Lines Underwriting Specialist

6 days ago


Cockeysville, Maryland, United States Selective Insurance Full time
About the Role

We are seeking a highly skilled Commercial Lines Business Analyst to join our team at Selective Insurance. As a key member of our organization, you will play a critical role in supporting the profitability improvement and profitable growth initiatives for our assigned line of business.

Key Responsibilities
  • Partner with Product Development Specialists to support their responsibility for Insurance Services Office (ISO), Selective proprietary, and American Association of Insurance Services (AAIS).
  • Ensure a consistent business process and tools for product development, including intake, tracking, review, materiality, and decisions related to ISO and AAIS circulars and bulletins.
  • Recommend actions outlining pros and cons when considering options with regard to ISO and AAIS circulars, determining requirements needed to adopt circulars, and reviewing system ramifications of the circular/bulletins.
  • Collaborate with Product Development Specialists regarding decisions, requirements, and ramifications to Selective proprietary forms.
  • Maintain ownership of the profit & loss for assigned line of business.
  • Provide analysis for state and countrywide rate reviews, as well as support regional partners in region and state level efforts at profitability improvement and profitable production.
  • Support Product Development Specialists in maintaining inventory and accountability for governance of existing rates, rules, and forms.
  • Include oversight of delay/non-adopt ISO and AAIS circulars.
  • Manage line of business assigned for all corporate governance and compliance issues as assigned.
  • Receive and handle underwriting referrals from the field and/or corporate underwriting, utilizing underwriting expertise to advise the most appropriate solution or course of action in a timely manner.
  • Actively participate in supporting predictive model efforts relative to given line of business.
  • Assist with the creation and delivery of educational materials and training programs for agents, regional personnel, and corporate underwriting to ensure thorough understanding of underwriting guidelines, issues, and controls.
  • Participate in the Large Loss Review process and Quality Assurance Reviews as necessary, drafting analysis, insight, and takeaways or action plans.
  • Provide exceptional customer service to agents, regional personnel, Product Development staff, corporate underwriting, and other stakeholders as identified.
Requirements and Qualifications
  • Strong technical underwriting knowledge required, with a strong working knowledge of ISO and AAIS.
  • Ability to research and analyze coverage.
  • Good communication and collaboration skills.
  • Ability to manage a project.
  • Pro-active, driven, and takes initiative.
  • Effectively manages and executes on the appropriate balance between strategic thinking and attention to detail.
  • 3+ years Commercial (Property) Underwriting experience.
Preferred Qualifications
  • College degree.
  • 2+ years Property line of business experience.
  • 2+ years Property Risk Management and/or reinsurance experience.
  • 2+ years Field Underwriting; and/or 3+ years agency experience.
Compensation

The expected starting salary range for this role is $82,000 - $167,000, based on geographic location, relevant education, qualifications, experience, skills, performance, and business needs.



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