Sr. Production Underwriter

Senior Production Underwriter

Preferred Employers Insurance, a Berkley Company specializes in providing workers’ compensation insurance to California business owners. The company serves three major client segments:
Small Business Owners
, Mid-Larger Businesses and Group Association Members (
Programs
). The company’s distribution partners (agents & brokers) number 400+ locations throughout the state. Preferred serves 10,000 policyholders and provides medical claims handling and claims management for policyholders as needed to care for injured workers. The company is rated A+ Superior by industry-rating organization, AM Best & Company. The company is an equal opportunity employer.

The Senior Production Underwriter is primarily responsible for:

• Risk Evaluation:
  Selection, retention, and pricing of new and existing business in accordance with the company’s underwriting philosophy and guidelines.
• Broker Relationships:
  Pro-actively develops and fosters positive, professional relationships with the company’s agency partners in an effort to promote the company’s products and services.
• Premium Growth:
  Works closely with Field Sales Managers in plan management of brokers. (i.e., Generation of submissions, target quote and bind hit ratios, co-working agency business plans and incentives.)
• Underwriting Profit:
  Works closely with Field Sales Managers in the achievement of pricing targets and commission targets to meet company’s profitability objectives.

• Selects new business and evaluates renewal accounts in accordance with company underwriting philosophy, established authority parameters, as well as written/verbal procedures and guidelines.
• Demonstrates a professional, courteous attitude with agents. Responds quickly and ethically to all requests/issues. Delivers on promises and promises only what can be delivered.
• Provides accurate and thorough education to agents about the company’s risk selection philosophy and pricing guidelines.
• Monitors performance criteria, including premium and unit count goals, mix of business, written-to-quoted ratio, and declination ratio of assigned agencies and territory.
• Achieves company growth objectives by consistently seeking sales opportunities, soliciting desirable business, and diligent follow-up on quoted business.
• Regularly travels to agencies providing field underwriting and quoting as needed.
• Reviews claims activity, loss control surveys, and inspection reports for existing policies, handling as required.
• Works with other departments as necessary to resolve policy issues.
• Determines the appropriate course of action for policy changes, delegating to assistant underwriters and/or processing assistants for handling.
• Provides mentoring and training to other staff members.
• The Senior Production Underwriter must be a team player, exhibit expertise and consistently exercise good judgment.

• BA/BS degree from an accredited institution, or equivalent
• 5+ years of experience in California workers’ compensation underwriting, or equivalent
• Demonstrated ability to work in a fast paced, decision-oriented environment
• Excellent communication, negotiation, and analytical skills
• Strong organizational skills and ability to manage multiple tasks
• Strong automation skills including MS Office products
• Ability to work independently and in a collaborative team environment

• Base Salary Range: $80, annually
• Benefits:
  Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

Sponsorship not Offered for this Role

Seniority Level: Mid-Senior level

Employment Type:

Full-time

Job Function:
Finance and Sales

Industry: Financial Services and Insurance