Commercial Underwriter

2 weeks ago

Brentwood, Tennessee, United States Acrisure LLC Full time
About Acrisure:

Acrisure stands as a prominent global leader in the Fintech sector, merging human expertise with advanced technology to deliver a diverse range of financial products and services to countless businesses and individual clients. Our mission is to connect clients with solutions that safeguard and enhance their most valuable assets, including Insurance, Reinsurance, Cyber Services, Mortgage Origination, and more.

With a workforce exceeding 17,000 entrepreneurial professionals across 21 countries, Acrisure has witnessed remarkable growth, escalating from $38 million to $4.3 billion in revenue within a decade. Our organizational culture is characterized by an entrepreneurial spirit, fostering innovation, client focus, and an unwavering determination to succeed.

Job Summary:

The Underwriter is responsible for assessing insurability, determining rates, pricing, and recommending coverage tailored to the transportation sector for the markets represented by GTU. This role involves collaboration with producers and insurance company underwriters to evaluate applicants' risks, select suitable coverages, and establish appropriate pricing to ensure the overall profitability and sustainability of the book. The Underwriter also provides leadership and guidance to Policy Service personnel, ensuring adherence to all state insurance regulations and insurance company protocols.

Key Responsibilities:
  • Evaluate applications for coverage, including MVRs, financial statements, loss runs, equipment data, FMCSA information, safety programs, contracts, and reports from loss control consultants.
  • Assess applications and supporting documentation against insurance company models and underwriting guidelines to determine acceptable risks. Assist producers with inquiries regarding applications and the likelihood of acceptance.
  • Analyze specific account characteristics, evaluate potential loss exposure due to claims severity and frequency, and decline risks that do not meet equitable pricing or insurance company parameters. Develop pricing for acceptable risks within authority limits and obtain necessary approvals as per established protocols.
  • Leverage knowledge of agency management systems and insurance company rating models to quote new and renewal policies, maximizing the use of GTU markets.
  • Prepare quotes and respond to inquiries from producers while adhering to timeliness and accuracy standards.
  • Achieve or surpass assigned production targets.
  • Maintain accurate and consistent records and data within agency management and information systems, ensuring compliance with GTU and insurance company standards.
  • Assist in preparing for and responding to audits from GTU and insurance companies.
  • Foster and maintain effective working relationships with producers, insurance companies, GTU staff, and management.
  • Deliver prompt and professional customer service to producers.
  • Keep management updated on the status of daily operations and other assigned projects.
  • Investigate and analyze issues, recommending appropriate actions to management.
  • Mentor Underwriting Assistants and Associate Underwriters.
  • Demonstrate knowledge of and support GTU's mission, vision, values, policies, and ethical standards.
  • Provide backup support to other underwriters as needed.
Additional Responsibilities:

Engage in special projects as assigned.

Conduct meetings with prospects, producers, and insurance companies for training, relationship building, and business development.

Knowledge, Skills & Abilities:

Exceptional analytical skills, with the ability to manage complex tasks and collaborate effectively in a team environment.

Strong attention to detail and accuracy, with the capability to organize, problem-solve, and prioritize effectively.

Excellent written and verbal communication skills, enabling effective interaction with others.

Proficiency in Microsoft Office Suite.

Training and Experience:
  • Bachelor's degree in business administration, accounting, or equivalent experience in underwriting for property and casualty, preferably within the transportation sector.
  • Experience in a Managing General Agency or Broker for commercial lines is advantageous.
  • Property and Casualty Insurance license in Tennessee is required. CPCU status and ARM, CIW, or CIC designations are preferred.
  • A minimum of two years of experience in Customer Service, Policy Service, Rating, or Underwriting within a commercial Property and Casualty agency.
  • Prior experience with Agency Management systems is preferred.
  • Flexibility and adaptability to change are strongly preferred.
  • Any equivalent combination of training and experience will be considered.
Acrisure is dedicated to fostering a diverse workforce. All applicants will be evaluated for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, veteran, or disability status.

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