| Job Description | Job Summary
Manage an assigned underwriting territory, including underwriting new business to achieve profitable premium growth. Identify sales opportunities and manage agency relationships.
Roles and Responsibilities
Underwrite new business and ensure profitable premium and policies in force growth.
Make sound risk and pricing decisions that achieve profitable loss ratios.
Review insurance applications to evaluate, classify, and determine appropriate policy limits, coverage terms, conditions, and pricing to determine acceptability within company guidelines and within letter of underwriting authority.
Oversee territory, including, agency management, appointing new agents, agency termination recommendations, and developing and managing relationships.
Travel frequently, including overnight travel, to visit agencies.
Market products and services to agency plant for the purposes of producing new business opportunities.
Achieve customer service standard of 90% or better meeting agency’s need by dates.
Document underwriting file to support acceptability and pricing in accordance with company guidelines.
Provide detailed issuance instructions to ensure policy is delivered consistent with quoted terms and conditions and in accordance with established guidelines relative to policy construction.
Review mid-term endorsement requests for acceptability.
Order and review inspections to confirm accounts written are consistent with preliminary underwriting information and take action when the inspection reveals unacceptable risk characteristics.
Determine if facultative reinsurance is needed and if so, factor reinsurance cost in gross pricing and complete appropriate file documentation to ensure proper reporting / accounting.
Utilize various underwriting tools to determine acceptable risk characteristics, accurate classifications, insurance to value, calculate rates, etc.
Support other underwriters as assigned when other underwriters are traveling or out on vacation / sick time.
Professional Qualifications (knowledge, skills, experience, education/ certifications)
Demonstrated success in commercial lines property casualty insurance businesses.
Surplus lines underwriting experience is highly preferred.
Basic knowledge of computer programs in a Windows environment, including Word, Excel and E-mail is required.
Prior experience working in a paperless environment, including familiarity with on-line underwriting tools is preferred (e.g. SAGE, Silver Plume, Reference Connect)
Bachelor's degree and six plus years related insurance experience; or equivalent combination of education and experience.
Advanced professional insurance coursework (i.e., CPCU, ASLI, AU) or completion of other-insurance related classes is preferred.
Success Factors / Personal Attributes
Strong results orientation, focusing on outcomes, delivering on commitment and deadlines and executing relentlessly
Customer focus, continually responding with a sense of urgency
Entrepreneurial qualities, such as trying innovative solutions, resiliency to change and recognizing what is most important to get done
Teamwork, providing and welcoming open, honest, respectful and constructive feedback and jumping in to get the work done, even when not asked
Technical underwriting proficiency including exposure identification, coverage evaluation, understand and applying appropriate risk / rate relationships, and file documentation in support of underwriting decisions
Good sales skills including win-win negotiating, action bias, relentless communicator and relationship builder.
Strong drive to be successful including ability to work independently, self motivation, motivating others, and relentless pursuit of company objectives.
This description is intended to describe the general nature of the job. It is not intended to be an all-inclusive list of the roles and responsibilities, or skills and abilities required to do the job.
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| | Company | | Berkley Regional Specialty Insurance Company | Job Code | | State or Province | | Indiana | | |
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