Commercial Insurance Underwriter
Locations: ARKANSAS, TENNESSEE, OKLAHOMA
Reviews, evaluates, markets and prices new applications, endorsements, and related documents by performing the following essential job functions within Company/Agency granted authority.
Essential Job Functions:
In order of importance, listed are the major tasks or duties performed regularly to fulfill the basic function of the job with a brief description of each task.
Knowledge, Skills and Abilities:
- Meet company/agency production, retention, and growth goals.
- Examines and evaluates documents such as application forms, inspection reports, financial reports, product brochures, company referral agreements, and other pertinent documents to determine degree of risk, underwriting and market selection.
- Accepts, rejects, classifies, prices and binds insurance risks within granted underwriting authority. Also brokers to company underwriters beyond any authority grants. Prepares submissions for rating and handling by the support staff. Effectively markets and negotiates with brokers and insurance companies on individual accounts.
- Effectively communicates orally, in writing, and electronically with agent or broker, company underwriters, internal support staff and management to obtain additional information, quote rates, present proposals, explain company underwriting policies and coverage offerings, as well as servicing existing accounts.
- Ability to work independently, within company/agency granted authority levels and carry out assignments to completion with minimal supervision.
Listed are the preferred
specialized knowledge, skills and/or scope of related experience required to successfully achieve the major accountabilities of the position.
Education and Training:
- Ability to analyze and interpret underwriting documents and make sound, productive, and profitable decisions based upon conclusions made.
- Strong problem solving, conflict resolution and collaborative team skills.
- Ability to understand insurance manuals, applications, guidelines, etc.
- Ability to write business correspondence and reports as may be necessary.
- Ability to effectively present information both verbally and written to respond to questions posed by clients, company underwriters, and internal personnel, etc.
- Ability to effectively negotiate terms and pricing with broker/client and company personnel.
- Ability to anticipate and effectively identify problems and needs of broker/client and respond satisfactorily to them.
- Maintain excellent and effective telephone communication skills (friendly, courteous, understanding, and helpful).
- Maintain a basic familiarity with computers and associated skills necessary to perform essential computer related job functions and associated tasks. Ability to operate office equipment (copier, fax, scanner, etc.) as may be required of job function.
- Possess strong mathematical, analytical, and problem‐solving skills necessary to effectively price accounts, analyze loss experience, and determine insurance valuations required of the position.
- Strong interpersonal skills to develop and maintain positive internal and external relationships.
- Good and thorough knowledge of insurance coverages.
- Detail Oriented, excellent time management, organizational and prioritization skills.
- Job related experience, specialized training, certification, or any special licensing necessary may also be included.
- College degree or combined equivalent of work‐related experience preferred.
- Minimum of three (3) years of commercial underwriting experience recommended.
- Recommend employee pursue mid‐upper‐level insurance related coursework which may lead to a professional insurance designation or certification.
- Participate in company organized, prescribed, or designated insurance seminars and workshops on or off premises.