Underwriting Specialist - Commercial Auto

Great American Insurance Group; Cincinnati (OH); On-site; USD 70,000 - 95,000; Full time

Job summary

Great American Insurance Group seeks a Commercial Auto Underwriting Specialist to support their evolving Underwriting Team in Cincinnati. This hybrid position requires evaluating and overseeing underwriting processes while ensuring compliance with regulations. Ideal candidates will have a strong background in commercial auto underwriting and hold a Bachelor's degree.

Benefits

Competitive Total Rewards package

Medical, dental, and vision plans

Employee stock purchase plan

Education reimbursement

401(k) plan with company match

Qualifications

• A minimum of 5 years of experience in Commercial Auto Underwriting is required.
• Continuing progress towards completion of designations like AU, CPCU, CIC is preferred.
• Excellent interpersonal and communication skills.

Responsibilities

• Evaluates and underwrites new and renewal business according to company guidelines.
• Collaborates with actuaries, agents, brokers, and clients for information gathering.
• Ensures compliance with state and federal insurance regulations.

Skills

Analytical skills

Communication

Decision-making

Negotiation

Risk assessment

Education

Bachelor’s Degree

Degree in Business, Economics, Risk Management and Insurance

Job description

Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.

At Great American, we value diversity and recognize the benefits gained when people from different cultures, backgrounds and experiences work collaboratively to achieve business results. We are intentionally focused on fostering an inclusive culture and know valuing diversity is an essential leadership quality. Our goal is to create a workplace where all employees feel included, empowered and enabled to perform at their best.

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Great American's Strategic Comp division is currently seeking a Commercial Auto Underwriting Specialist to support our growing Underwriting Team. The person selected for this role will work a hybrid schedule: three days per week in the Cincinnati Office and two days per week remote/work from home.

Essential Job Functions and Responsibilities

Evaluates and underwrites new and renewal business in accordance with Company underwriting guidelines and risk appetite.

Develops and implements risk assessment models to make informed decisions on coverage, pricing, and terms.

Collaborates with actuaries, agents, brokers, and clients to obtain necessary information and provide guidance.

Procures and analyzes supplementary reports and screenings, such as motor vehicle reports, loss history reports, and external inspections, to support underwriting decisions.

Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.

Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation.

Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers.

Stays updated on industry trends, regulatory changes, and market conditions.

Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business.

Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes.

Performs other duties as assigned.

Scope of Job/Qualifications

Performs work under limited supervision and technical direction.

Works with significant latitude and authority on complex assignments.

Maintains advanced knowledge of company policies and industry laws and regulations.

Excellent interpersonal and communication skills.

Demonstrates advanced analytical, risk assessment, and problem-solving skills.

Strong negotiation and decision-making ability.

Viewed as a senior resource on the Underwriting team.

Provides technical advice and support to lower-level positions.

Requires prolonged sitting, continuous use of computer.

Job Requirements

Education:

Bachelor’s Degree is required.

Degree in Business, Economics, Risk Management and Insurance, or a related field is preferred.

Experience:

A minimum of 5 years of experience in Commercial Auto Underwriting is required.

Continuing progress toward and/or the completion of a professional designation is preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS) or Associate of Risk Management (ARM), or a marketing designation.

Business Unit:

Strategic Comp

Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.

At Great American, we value diversity and recognize the benefits gained when people from different cultures, backgrounds and experiences work collaboratively to achieve business results. We are intentionally focused on fostering an inclusive culture and know valuing diversity is an essential leadership quality. Our goal is to create a workplace where all employees feel included, empowered and enabled to perform at their best.

----------------------------

Great American's Strategic Comp division is currently seeking a Commercial Auto Underwriting Specialist to support our growing Underwriting Team. The person selected for this role will work a hybrid schedule: three days per week in the Cincinnati Office and two days per week remote/work from home.

Essential Job Functions and Responsibilities

• Evaluates and underwrites new and renewal business in accordance with Company underwriting guidelines and risk appetite.

• Develops and implements risk assessment models to make informed decisions on coverage, pricing, and terms.

• Collaborates with actuaries, agents, brokers, and clients to obtain necessary information and provide guidance.

• Procures and analyzes supplementary reports and screenings, such as motor vehicle reports, loss history reports, and external inspections, to support underwriting decisions.

• Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.

• Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation.

• Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers.

• Stays updated on industry trends, regulatory changes, and market conditions.

• Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business.

• Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes.

• Performs other duties as assigned.

Scope of Job/Qualifications

• Performs work under limited supervision and technical direction.

• Works with significant latitude and authority on complex assignments.

• Maintains advanced knowledge of company policies and industry laws and regulations.

• Excellent interpersonal and communication skills.

• Demonstrates advanced analytical, risk assessment, and problem-solving skills.

• Strong negotiation and decision-making ability.

• Viewed as a senior resource on the Underwriting team.

• Provides technical advice and support to lower-level positions.

• Requires prolonged sitting, continuous use of computer.

Job Requirements

Education:

• Bachelor’s Degree is required.

• Degree in Business, Economics, Risk Management and Insurance, or a related field is preferred.
  

Experience:

• A minimum of 5 years of experience in Commercial Auto Underwriting is required.

• Continuing progress toward and/or the completion of a professional designation is preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS) or Associate of Risk Management (ARM), or a marketing designation.

Business Unit:

Strategic Comp

Benefits:

Compensation varies by role, position level, and location. Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.

We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match. These benefits are available to eligible full-time and part-time employees.

Your recruiter can provide more details about our total rewards and specific compensation ranges during the hiring process.

About the company

American Financial Group, Inc. is an American financial services holding company based in Cincinnati, Ohio.

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