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Underwriter, Small Business Specialist

1 month ago


Charlotte, North Carolina, United States Encova Insurance Full time
Job Summary

The Underwriter, Small Business is responsible for reviewing routine risks, determining acceptability, and successfully writing profitable business accounts. This role requires a strong understanding of underwriting laws and rules, as well as the ability to assess risk and make sound decisions.

Key Responsibilities
  • Determine the acceptability, quality, pricing, profitability, and opportunity for new and existing business.
  • Complete thorough risk analysis on designated accounts using appropriate Encova, NCCI, ISO, and industry rules, policies, procedures, and guidelines.
  • Underwrite and assess risk for routine, small business renewals and new business items.
  • Utilize predictive models for straight-through processing of a high volume of accounts.
  • Communicate with agents electronically through internal Encova systems.
  • Identify, create, and initiate new business opportunities within assigned book of business.
  • Gather and analyze information necessary to make an accurate evaluation of risk.
  • Determine appropriate pricing based on risk exposures, risk quality, loss potential, and coverage provided.
  • Utilize available resources, including company underwriting guidelines, business unit strategies, and consultations with others, to ensure adequate understanding of risk exposures.
  • Prepare proposals to producers, including negotiation of terms and conditions.
  • Ensure the proper issuance of policies, certificates, filings, and notifications.
  • Seek guidance from management on risks exceeding assigned authority levels.
  • Effectively utilize industry rules and guidance to ensure proper policy construction.
  • Identify underwriting issues, recommend and develop plans for problem resolution, and implement where appropriate.
  • Manage existing and prospective accounts by actively participating in account renewals, new business presentations, and discussions with agents.
  • Participate in monitoring and analyzing performance of assigned agents, initiate actions, and understand downstream impact of alternatives.
  • Serve as a resource for other team members and units.
  • Apply discretionary pricing appropriately based on account exposures, predictive model indications, and letter of authority.
  • Communicate all underwriting decisions or changes on coverage, limits, exposures, and/or pricing, discussing alternatives with agents as needed.
Requirements
  • Bachelor's degree from an accredited college or university preferred, demonstrated significant professional or insurance experience may substitute for educational requirements.
  • Two years of insurance experience in the property and casualty insurance market preferred.
  • Interpersonal skills are required, including the ability to demonstrate professionalism, adaptability, accountability, collaboration, and problem-solving.
  • Insurance designations or insurance education coursework (i.e., AINS-Associate in General Insurance) is strongly preferred.
What We Offer

At Encova Insurance, we offer a competitive salary, bonus, and benefits package, including a 401(k), wellness programs, bonus incentive plans, and flexible schedules, with an early close of the office every Friday. We also encourage and support associate participation in community initiatives through our foundations.

Encova Insurance is an EOE/E-Verify employer.