Associate Underwriter - Small Business

Encova Insurance; Charleston (WV); Hybrid; USD 44,000 - 79,000; Full time

Benefits offered by this job

Health, Dental & Vision Insurance

401(k) Retirement Plan - 100% company

Paid Time Off, Paid Holidays, and Flex

Hybrid and remote depending on the rol

Job summary

Encova Insurance is seeking an Associate Underwriter to evaluate and price new business and renewals within designated authority. You will enter policy information, process endorsements, audits and other policy transactions to support profitable growth while delivering excellent service.

This role requires a high school diploma, 2 years in a professional insurance environment, and a preferred Bachelor's degree.

Qualifications

• High school diploma required.
• Two years' experience in a professional business or insurance environment preferred.
• Bachelor's Degree from an accredited college or university is preferred and may substitute for experience.
• Preference may be shown to applicants who have previous commercial lines underwriting experience.
• Proficient in Excel.

Responsibilities

• Perform routine selection, evaluation, and pricing of assigned risks for commercial policies.
• Review new and renewal requests and determine acceptability per guidelines.
• Perform new business setup and rating to develop quotes.
• Issue and assemble policies with proper policy construction.
• Process endorsements, cancellations, declinations, and reissues of policies.
• Field routine agency service requests and refer complex issues to mentors.
• Ensure accurate and timely servicing of accounts.
• Maintain knowledge of internal systems and rating programs.
• Complete supplemental underwriting reports and referrals within authority.

Skills

Critical thinking

Communication

Problem-solving

Teamwork

Adaptability

Education

High school diploma

Bachelor's degree preferred

Tools

Excel

Job description

The salary range for this job posting is $43,950.00 - $78,759.00 annually + bonus + benefits. Pay Type: Hourly

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.

While we prefer candidates who reside closer to our Columbus, Ohio or Charleston, West Virginia offices that could work a hybrid or remote schedule, we will also consider candidates anywhere in our approved payroll states who can work full time remote.

We may hire a senior level for this role and the salary range listed is inclusive of both the non senior and senior level.

This role will report to a Manager, Commercial Lines Underwriting Services.

Unique residence requirements are listed in each job posting, please review closely for details.

Encova is only able to employ associates who reside and work within specific U.S. states. Our current policies are based on the laws in states in which we are registered for payroll. Our current footprint includes:

Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, Wisconsin.

JOB OBJECTIVE

The Associate Underwriter within designated authority utilizes basic underwriting techniques to evaluate and price new business and renewal applications in order to determine acceptability in accordance with corporate guidelines and standards. The Associate Underwriter will also accurately enter policy information, process endorsements, audits and other policy transactions and refer them to a staff member with a higher authority level when appropriate. This position's objective is to support the team goals of writing profitable new business and retaining profitable renewals while ensuring excellent customer service.

ESSENTIAL FUNCTIONS

• 1. Perform routine selection, evaluation, and pricing of all assigned risks, following established procedures, for policies for all lines of commercial insurance. This includes the processing of new business, revisions, renewals and select reinsurance quoting.
• 2. Review basic new and renewal business requests and determine acceptability, using appropriate Encova, state specific and industry rules, policies, procedures, guidelines, etc.
• 3. Perform new business set-up and rating, including obtaining additional information needed to develop a new business quote and/or proposal.
• 4. Issue and assemble policies. Effectively utilizes industry rules and guidance to ensure proper policy construction.
• 5. Process endorsements, cancellations, declinations, and reissues of policies, following appropriate rules, policies, procedures and guidelines.
• 6. Field routine agency service requests, referring more complex issues to the team's mentoring underwriter and/or Regional Vice President.
• 7. Ensure accurate and timely servicing of accounts.
• 8. Maintain user knowledge of internal systems and any available rating programs.
• 9. Successfully complete transactions such as supplemental underwriting reports, MVRs, financials, surveys, agency transfers, statement of values, and driver list follow-ups within assigned authority and refer risks to commercial underwriter that do not meet guidelines.

OTHER FUNCTIONS

• 1. May assist in training others.
• 2. Other duties as assigned.

KNOWLEDGE, SKILLS AND ABILITIES

• * High school diploma required.
• * Two years' experience in a professional business or insurance environment preferred.
• * Bachelor's Degree from an accredited college or university is preferred and may substitute for experience.
• * Preference may be shown to applicants who have previous commercial lines underwriting experience.
• * Critical thinking: Ability to assess an individual situation and select applicable alternatives from an array of options, resulting in the most appropriate and sustainable decision.
• * Working knowledge of the state specific underwriting laws and rules and their application to the book of business.
• * Working knowledge of underwriting principles and practices, risk selection and classification.
• * Working knowledge of the operational policies and procedures.
• * Ability to multi-task several assignments simultaneously while meeting established guidelines.
• * Results-oriented with strong decision-making, analytical and problem-solving skills.
• * Ability to work effectively within a team environment.
• * Ability to adjust priorities based on changing situations.
• * Ability to communicate effectively.
• * Ability to establish and maintain effective working relationships with others to achieve objectives.
• * Proficient in Excel.

This position has been evaluated in accordance with the Americans with Disabilities Act. Encova Insurance makes every effort to reasonably accommodate disabilities to permit performance of the essential functions and candidates who need such accommodation are encouraged to seek it. This description reflects the nature and level of work performed by associates in this position. It is not an all-inclusive inventory of duties, responsibilities and qualifications required. It provides an accurate overview of the work and skills needed to perform this position. Because job content may change from time to time, Encova Insurance reserves the right to add and/or delete functions from this job as it deems necessary for business reasons.

Ready to join our team? At Encova Insurance, we firmly believe that our associates drive our company's success by delivering unrivaled service to our customers. With success in mind, we make an ongoing effort to provide an environment that offers challenging, stimulating, and financially rewarding opportunities. Join us to discover a work experience where you can learn and grow to your fullest potential.

What you can expect from us

In addition to a competitive compensation package, we offer a comprehensive benefits package designed to support the well-being and growth of our associates. Available benefits (subject to any policy or plan changes) include, but are not limited to:

• Health, Dental & Vision Insurance
• Company-provided life and income protection plans
• Eligibility to participate in a company incentive bonus program
• 401(k) Retirement Plan - 100% company match up to 7% on annual salary
• Paid Time Off, Paid Holidays, and Floating Holidays
• Flexible Work Arrangements - Hybrid and remote depending on the role

We believe that happy, healthy associates are the foundation of great work. Join us and thrive both professionally and personally.

Encova Insurance is an EOE/E-Verify employer.