Associate Underwriter - Commercial Lines

Brown & Brown; Greenwood Village (CO); On-site; USD 55,000 - 60,000; Full time

Job summary

An established industry player is seeking an Associate Underwriter to join their dynamic team in Denver. This role is pivotal in evaluating insurance applications and determining risk levels, ensuring that all underwriting processes are adhered to with precision. The ideal candidate will possess a strong analytical mindset and a commitment to customer service, helping to foster and grow relationships with retail agencies. With a focus on meritocracy and personal development, this company offers a vibrant workplace where your contributions will directly impact business growth and client satisfaction. If you're looking to advance your career in a supportive environment, this opportunity is for you.

Benefits

Health Benefits

401k

Tuition Reimbursement

Paid Time Off

Mental Health Services

Qualifications

• Bachelor's degree or 5 years of insurance experience required.
• Experience with excess and surplus lines underwriting preferred.

Responsibilities

• Review and evaluate insurance applications for risk assessment.
• Market and develop relationships with retail agency customers.

Skills

Underwriting

Risk Assessment

Insurance Knowledge

Customer Relationship Management

Analytical Skills

Education

Bachelor's degree

5 years insurance experience

Job description

Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.

Brown & Brown is Seeking an Associate Underwriter – Commercial Lines to join our growing team in Denver, CO.

This role reviews insurance applications to evaluate, classify, and rate individuals and groups for insurance and accepts or rejects applications by performing the following duties.

How You Will Contribute

1. Examines such documents as application forms, inspection reports, insurance maps, and medical reports to determine degree of risk from such factors as applicant financial standing, age, occupation, accident experience, and value and condition of property.
2. Reviews company records to determine amount of insurance in force on single risk or group of closely related risks, and evaluates possibility of losses due to catastrophe or excessive insurance.
3. Underwrites or brokers risks, ensuring that all required information is obtained, proper applications are completed, quotes and binders are confirmed in writing, policies are issued promptly and accurately, state filings (where applicable) are made, and taxes paid in accordance with appropriate state laws. Secure payments on risks bound or written.
4. Reviews, analyzes, and underwrites risks submitted by Producers, rates submissions for premium and terms, analyzes exposures for quotes for new and renewal business, issues written indications, quotes and binders; uses inspection companies to obtain further information, quote rates, or explain company underwriting policies.
5. Markets and meets with retail agency customers to develop business and cultivate relationships to grow a book of business.
6. Understands and extends Company facilities, utilizing binding authorities or brokering risks when required to successfully negotiate a placement; be responsible for your underwriting results.
7. Ensures that coding on specific required forms are completed and utilized.
8. Services and perpetuates existing business, produces new business, and has a keen awareness of priorities.
9. Instructs and trains processors and assistants, reviews indications, quotes, binders, submissions, and policies for completeness and accuracy.
10. Provides guidance and training to the processors and assistants, to enable them to reduce the underwriter’s clerical workload, and to develop basic underwriting and brokering skills and techniques.
11. Fosters and improves relationships with other departments, producers, companies, and competitors.

Licenses and Certifications:

• P&C State licensed.

Skills & Experience to Be Successful

• Bachelor’s degree (B. A.) from four-year college or university is desired or five years insurance experience, two years of which are as an underwriting assistant.
• Experience with excess and surplus lines underwriting.

Pay Range

$55,000 - $60,000 Annual

The pay range provided above is made in good faith and based on our lowest and highest annual salary or hourly rate paid for the role and takes into account years of experience required, geography, and/or budget for the role.

Teammate Benefits & Total Well-Being

We go beyond standard benefits, focusing on the total well-being of our teammates, including:

• Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance
• Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement
• Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services
• Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more.

Not reflective of all benefits. Enrollment waiting periods or eligibility criteria may apply to certain benefits. Benefit details and offerings may vary for subsidiary entities or in specific geographic locations.

The Power To Be Yourself

As an Equal Opportunity Employer, we are committed to fostering an inclusive environment comprised of people from all backgrounds, with a variety of experiences and perspectives, guided by our Diversity, Inclusion & Belonging (DIB) motto, “The Power to Be Yourself”.