Commercial Lines Underwriting Manager
5 days ago
The Commercial Lines Underwriting Manager is a leadership role that oversees a team of Commercial Underwriters. This position involves collaborating with Agents across the State of Illinois to generate new commercial business by assessing and approving or rejecting commercial insurance risks based on Hastings product and coverage guidelines.
This is a remote position, but the individual in this role must reside in or be able to relocate to the State of Illinois. A company vehicle, corporate credit card, cell phone, and other equipment are provided to support the scope of duties.
The role works within standard office hours of Monday - Friday, 8:00am - 4:30pm. Key responsibilities include:
- Leading a Commercial Underwriting unit, including coaching, training, staffing, and performance management functions to achieve corporate goals and objectives for Loss Ratio, Premium and Policy Growth, and Customer Service.
- Providing daily assistance and guidance to underwriting staff.
- Creating, modifying, and maintaining underwriting discipline and underwriting structure, monitoring ongoing compliance with underwriting policies, practices, and philosophies.
- Reviewing, approving, and processing applications that meet underwriting guidelines to achieve corporate premium and profitability objectives, while operating within established service standards.
- Staying up-to-date and knowledgeable of all commercial products, pricing, and coverages.
- Interpreting and understanding authority levels, guidelines, and additional underwriting resource materials to achieve quality metrics.
- Effectively and efficiently communicating and negotiating with external contacts, including agency staff, policyholders, external vendors, and Hastings business units.
- Contributes to the development of new commercial products, including the modification of existing products in conjunction with Product Development.
- Assists on departmental and corporate projects as assigned.
- Actively participates in professional development, i.e. continuing education or self-improvement.
Candidate Requirements & Qualifications:
- Bachelor's degree in Business Administration, Economics, Insurance Management, or a related field, or equivalent work experience is required.
- Professional designations preferred: Associate in Underwriting (AU), or Chartered Property Casualty Underwriter (CPCU).
- Five years minimum of Commercial Lines Underwriting experience is required.
- Prior supervisory/leadership experience is preferred.
- Demonstrated keyboarding skills and proficiency with business applications.
- Demonstrated excellent verbal and written communication ability required.
About Us:
At Hastings Insurance, our balanced corporate strategy focuses on implementing emerging technologies, cultivating strong independent agency relationships, and providing the right products to our policyholders.
We seek to strategically grow our product lines and continue to expand geographically while maintaining our financial stability and innovative nature.
Our talented employees are dedicated to providing excellent customer service to our agent partners and policyholders. Many of our employees have been identified as industry experts, and we value the knowledge and skill that they contribute to our success.
For more than 135 years, Hastings has helped our customers protect their valued assets and rebuild after devastating losses. We are proud to be rated an A (Excellent) insurance carrier by A.M. Best Company.
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