Underwriter, Small Business

The salary range for this job posting is $61,742.00 - $ annually + bonus + benefits.

Pay Type:

Salary

The above represents the full salary range for this job requisition. Ultimately, in determining your pay and job title, we'll consider your location, education, experience, and other job-related factors, and will fall within the stated range. Your recruiter can share more information about the specific salary range during the hiring process.

Candidates will work remote in any of our listed approved payroll states and have underwriting experience with Package Lines and Workers’ Compensation. Ideal candidates will have experience working with agents in Indiana or Kentucky.

We may hire a senior level depending on candidate qualifications. (compensation shown is inclusive of the non-senior and senior level).

This role will report to a Regional Vice President, Commercial Lines.

The Underwriter, Small Business’s objective is to review routine risks, determine acceptability, and successfully write profitable business accounts. The underwriter, within designated authority, reviews insurance applications to evaluate, classify and rate each risk to determine acceptability, coverage and pricing. The underwriter is responsible for the financial performance of the assigned book of business and is expected to achieve profitable retention and growth.

The underwriter is focused on taking action to achieve results that positively impact sales and profitability.

• 1. Determine the acceptability, quality, pricing, profitability and opportunity for new and existing business.
• 2. Complete thorough risk analysis on designated accounts using appropriate Encova, NCCI, ISO and industry rules, policies, procedures, and guidelines, etc.
• 3. Underwrites and assesses risk for routine, small business renewals and new business items.
• 4. Uses the predictive model for straight through processing of a high volume of accounts.
• 5. Utilizes Encova systems to transact requests and endorsements.
• 6. Communicates with agents electronically through internal Encova systems.
• 7. Identify, create and initiate new business opportunities within assigned book of business.
• 8. Gather and analyze information necessary to make an accurate evaluation of risk.
• 9. Determine appropriate pricing based on risk exposures, risk quality, loss potential and coverage provided.
• 10. Utilize available resources including company underwriting guidelines, business unit strategies, and consultations with others to ensure adequate understanding of risk exposures.
• 11. Prepare proposals to producers, including negotiation of terms and conditions.
• 12. Ensure the proper issuance of policies, certificates, filings and notifications.
• 13. Seek the guidance of management on risks exceeding assigned authority levels.
• 14. Effectively utilize industry rules and guidance to ensure proper policy construction.
• 15. Identify underwriting issues; recommend and develop plans for problem resolution and implement where appropriate.
• 16. Manage existing and prospective accounts by actively participating in account renewals, new business presentations as needed and discussion with agents.
• 17. Participate in monitoring and analyzing performance of assigned agents; initiate actions and understand downstream impact of alternatives.
• 18. Serve as a resource for other team members and units.
• 19. Apply discretionary pricing appropriately based on the account exposures, predictive model indications and letter of authority.
• 20. Communicate all underwriting decisions or changes on coverage, limits, exposures and/or pricing, discussing alternatives with agents as needed.

• 1. Travel to various locations to support business objectives whenever necessary.
• 2. Perform other duties as assigned.

• Bachelor’s degree from an accredited college or university preferred, demonstrated significant professional or insurance experience may substitute for educational requirements.
• Two years insurance experience in the property and casualty insurance market preferred.
• Interpersonal skills are required including the ability to demonstrate professionalism, adaptability,…