Construction Underwriter

SUMMARY

Responsible for reviewing, underwriting and rating broker submissions for new and renewal business. Ensures content of submissions is complete; obtains additional information from Retail Producers and Account Managers as needed. Markets to carrier to obtain quotes, negotiate pricing, define coverage’s, and determine commissions.
ESSENTIAL DUTIES AND RESPONSIBILITIES • Underwrites a book of business both new and renewal in accordance with underwriting guidelines;
• Analyzes policies and endorsements to identify errors, omissions or discrepancies to ensure agreement with application, quote, proposal, and/or binder;
• Orders necessary reports or documents that are critical to the underwriting process such as credit, location, motor vehicle, and/or inspection reports, as well as building cost estimates;
• Analyzes inspection reports to accept or reject new business;
• Issues policies and endorsements; binds coverage and coordinates binders/evidences;
• Prepares Renewal Specifications as required by management;
• Maintains and manages coverage bordereaux;
• Coordinates the preparation of policy delivery with all related documents;
• Services Account Manager calls, answers questions regarding client coverage, limits and deductibles;
• Maintains files for submissions and written or lost business;
• Maintains client suspense and conducts follow-ups as appropriate;
• Serves as a technical expert, assisting Account Managers to resolve complex issues;
• Assists in training of Assistant Underwriters and administrative staff;
• Complies with agency management system data standards and data integrity (enters and maintains complete and accurate information);
• Other duties as assigned.
QUALIFICATIONS EDUCATION / EXPERIENCE
Bachelor’s degree or equivalent combination of education and experience
Six (6) or more years related work experience; knowledge of insurance industry preferred
Requires a valid insurance license; must continue to meet requirements for license renewal
Requires a valid driver’s license
SKILLS
Excellent verbal and written communication skills
Good customer service skills, including telephone and listening skills
Good problem solving and time management skills
Ability to work within a team and to foster teamwork
Excellent planning, organizational and prioritization skills
Proficient in Microsoft Office products

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