Commercial Lines Underwriter

10 hours ago


Garden City, Michigan, United States ACRISURE Full time
About Acrisure

Acrisure is a global fintech leader that combines the best of humans and high-tech to offer multiple financial products and services to millions of businesses and individual clients. We connect clients to solutions that help them protect and grow what matters, including insurance, reinsurance, cyber services, mortgage origination, and more.

Acrisure employs over 17,000 entrepreneurial colleagues in 21 countries and has grown from $38 million to $4.3 billion in revenue in just over ten years. Our culture is defined by our entrepreneurial spirit and all that comes with it: innovation, client-centricity, and an indomitable will to win.

Job Summary:

As a Commercial Lines Underwriter, you will determine insurability, rates, prices, quotes, and recommend coverage for risks specific to the transportation industry for the markets represented by GTU. You will work with producers and insurance company underwriters to evaluate applicants' risk, select the appropriate coverages, and determine the appropriate pricing to ensure overall book profitability and sustainability.

Responsibilities:
  1. Review applications for coverage, MVRs, financial statements, loss runs, equipment, FMCSA data, safety programs, contracts/agreements, and reports from loss control consultants and other related materials.
  2. Compare applications and supporting documentation with insurance company models and underwriting guidelines to determine if applicants are acceptable risks. Assist producers with comments or questions about applications and the likelihood of acceptance by the insurance company.
  3. Analyze account-specific characteristics, evaluate loss potential due to claims severity and frequency, decline risks for which an equitable price level cannot be charged or which may not fit in the insurance company's parameters, develop pricing for acceptable risks within authority limits, and/or obtain appropriate authority(ies), following established protocols.
  4. Utilize knowledge of agency management systems and insurance company rating models to quote new and renewal policies, fully utilizing GTU markets.
  5. Prepare quotes and answer questions for producers while meeting timeliness and accuracy standards.
  6. Meet or exceed assigned production goals.
  7. Maintain accurate and consistent files and data within the agency management and information systems that are compliant with GTU and insurance company standards.
  8. Assist in the preparation of and response to GTU and insurance company audits.
  9. Develop and maintain effective working relationships with producers, insurance companies, GTU staff, and management.
  10. Provide timely and professional customer service to producers.
  11. Keep management informed on the status of day-to-day operations and other projects as assigned.
  12. Investigate and analyze problems and recommend appropriate courses of action to management.
  13. Mentor Underwriting Assistants and Associate Underwriters.
  14. Demonstrate knowledge of, and support, GTU mission, vision, value statements, standards, policies, and procedures, operating instructions, confidentiality standards, and the code of ethical behavior.
  15. Provide backup to other underwriters when out of the office or when work volume dictates.
Additional Responsibilities:
  1. Other special projects, as may be assigned.
  2. Meet with prospects, producers, and insurance companies for training, relationship, and business development.
Knowledge, Skills, & Abilities:
  1. Expert analytical skills, ability to handle complex tasks, and work well in a team environment.
  2. Attention to detail, accuracy, ability to effectively organize, problem-solve, and prioritize.
  3. Able to communicate effectively and comfortably with others utilizing excellent written and verbal communication and interpersonal skills.
  4. Proficiency in Microsoft Office Suite.
Training and Experience:
  1. College degree with a major in business administration or accounting or equivalent experience in underwriting for property and casualty, preferably for the transportation industry.
  2. Managing General Agency or Broker commercial lines experience is helpful.
  3. Property and Casualty Insurance license in Tennessee. Chartered Property Casualty Underwriter (CPCU) status and ARM, CIW, or CIC designations are a plus.
  4. Two or more years of experience in Customer Service, Policy Service, Rating, or Underwriting within a commercial Property and Casualty agency.
  5. Prior experience with Agency Management systems preferred.
  6. Versatility, flexibility, or adaptability to change strongly preferred.
  7. Any equivalent combination of training and experience.


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