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Commercial Auto Underwriting Analyst
2 months ago
Position: Commercial Auto Product Analyst
About Our Organization:
Cesna is a prominent player in the non-life insurance sector, operating with a strong presence in various states. We are committed to providing comprehensive property and casualty insurance solutions.
We are in search of a qualified individual to join our dynamic Underwriting team at an intermediate level. If you value Challenge, Opportunity, Teamwork, Integrity, Dedication, and Loyalty, we may be the ideal organization for you.
Financial Ratings:
- A Rating
M Best Rating:
A+ (Superior)
Recognized for exceptional underwriting performance, stable market presence, sound investment strategies, and adequate capitalization.
- S&P Rating: A+ (Stable)
Demonstrates a strong capacity to fulfill financial obligations.
Key Responsibilities:
- Integrate multiple data sources to extract necessary information.
- Summarize external market insights.
- Analyze competitor and ISO data.
- Review competitor information from financial reports.
- Generate and distribute sales and loss reports.
- Prepare loss development reports categorized by line of business and coverage.
- Compile and submit data requests.
- Facilitate form, rule, and rate revision filings, along with new product submissions.
- Engage with regulatory bodies and actuarial consultants.
- Maintain filing history records.
- Create Excel rate sheets for premium calculations and suggest minimum premiums for various scenarios.
- Advise underwriters on rating matters.
- Conduct IT testing for new products and rate adjustments.
- Evaluate the appropriateness of fees charged by external vendors.
- Assess various administrative expenses.
- Prepare documentation and liaise with stakeholders for new business licensing.
- Provide training for new hires on product knowledge.
- Educate underwriters on forms and rates.
- Support audit functions related to policy management and statistics.
Qualifications:
- Preferred experience of over 3 years in property and casualty insurance.
- Intermediate proficiency in Microsoft Excel.
- Intermediate skills in SAS coding.
- Able to interpret CAB and financial statements.
- Familiarity with SNL and ISO platforms.
- Capable of interpreting IBNR documents and developing loss development factors.
We offer a competitive benefits package that includes health, vision, and dental insurance, along with a 401K plan.
- PPO Medical & Dental Insurance
- Vision & Life Insurance
- 401(K)
- Paid Vacation & Sick Days
Applicants must be authorized to work in the United States.