Middle Market Commercial Lines Underwriter
4 days ago
The Middle Market Commercial Lines Underwriter plays a crucial role in analyzing and reviewing information, developments, and trends on new and renewal accounts with premiums exceeding $25,000 to determine the risks associated with insuring the accounts while ensuring compliance with established underwriting strategies and regulatory requirements.
Key Responsibilities- Reviews new business, renewals, endorsements, and quote requests to determine acceptability using established underwriting authority and company guidelines.
- Communicates underwriting decisions, techniques, and interpretation of policy forms and coverages with agents and company personnel regarding risk acceptability, incomplete information, etc.
- Provides feedback to the Underwriting Manager and designated Territory Manager on quality of submissions and interactions with agency personnel.
- Communicates underwriting and marketing philosophy or practices to agents and policyholders and assists with education/training issues within agency.
- Documents the underwriting files where required, including the actions taken, reasons for decisions, and any follow-up diary needed.
- 4-year degree or equivalent work experience or continuing education in CPCU, AU, IIA, or CIC preferred.
- Minimum of 3 years of Commercial Lines underwriting experience required.
- Thorough working knowledge of underwriting and pricing risks.
- Thorough working knowledge of company underwriting standards and philosophy.
- Thorough working knowledge of all commercial lines insurance coverages forms, pricing strategies, and modeling and valuation tools.
Penn National Insurance is a regional employer of choice, offering a comprehensive benefit and compensation package, including a generous 401(k) match, graded profit sharing, recognition programs, and incentive compensation. We are committed to providing a rewarding career path and enabling long-term retention through enhanced benefits around continuing education and professional development.
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