Insurance Underwriter with Exceptional Analytical Skills
7 days ago
This is a key role within our organization where you will be responsible for reviewing and appraising applications for insurance placement. Using your knowledge and independent judgment, you will determine the eligibility of risks compared to our available programs. You will interact with companies and brokers via various means, including telephone, email, mail, and personal contact.
Key Responsibilities:
- You will review applications for insurance coverage, reports from loss control consultants, and other information to determine if an application is acceptable for our available programs.
- You will evaluate the experience of a risk against the class of business under review.
- You will assess the potential losses due to catastrophes, severity, or frequency.
- You may rate policies or check previously rated policies for proper rating.
- You will utilize automated systems to develop information for new or renewal policies.
- You will prepare quotations for agents and respond to their inquiries.
- You will assist agents with comments or questions about applications and the likelihood of acceptance by our company.
- You will review requests for cancellations, endorsements, etc.
- You will review policies for renewal consideration.
- You will request additional documentation necessary for processing an application, endorsement, or cancellation.
- You will conduct marketing visits to agents.
Qualifications/Requirements:
- A Producer's License is mandatory.
- At least 3 years of experience in the insurance industry.
- Prior exposure to insurance underwriting type activities is essential.
- Familiarity with basic computer skills is required.
- Excellent oral and written communication skills are necessary.
- Strong analytical skills and attention to detail are crucial.
- You should possess resourceful and controlled assertive behavior characteristics.
- Demonstrated negotiation skills are a must.
- Technical knowledge of insurance coverage forms and their application to exposure is necessary.
- Knowledge of departmental regulations and policies is essential.
- You should be able to work independently and complete assignments to completion within given parameters.
- Strong interpersonal skills for working with staff and company underwriters are necessary.
- Experience in standard underwriting practices and procedures is preferred.
Compensation:
We offer a competitive salary range of $60,000 - $90,000 per year, depending on experience. In addition, we provide benefits such as health insurance, retirement plans, and paid time off.
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