Commercial Lines Underwriter

Warrior Insurance Network; Chicago (IL); On-site; USD 41,000 - 82,000; Full time

Job summary

A leading insurance company is seeking a skilled Commercial Lines Underwriter to manage underwriting processes and agency relationships while ensuring high standards of customer service. The ideal candidate will possess expertise in Commercial Auto and General Liability, along with a proven record in the insurance industry. Competitive salaries and comprehensive benefits are offered, making this a tremendous opportunity for career growth.

Benefits

Competitive Salaries

Medical, Dental, and Vision Reimbursement

401k with a generous company match

Paid Time Off and Paid Holidays

Tuition Reimbursement

Wellness Program

Qualifications

• Minimum 3-5 years of Commercial Lines Multiple Line Underwriting experience.
• Expertise in Commercial Auto (Taxi, Livery, Para Transit) and General Liability.
• Excellent oral and written communication skills.

Responsibilities

• Underwrite and price new and renewal accounts with proper file documentation.
• Manage financial aspects of accounts including billing and payments.
• Provide timely responses to agent inquiries.

Skills

Communication

Organization

Detail Orientation

Strategic Thinking

Multi-tasking

Education

College Degree

Professional Designations (CPCU, ARM, etc.)

Tools

Word

Excel

Power Point

PTS

AS400

Job description

We are seeking the ideal candidate for our Commercial Lines Underwriting opening for our growing insurance company located in Bedford Park, just a mile south of Midway Airport!

The Commercial Lines Underwriter will work independently and collaboratively with the Commercial Account team to provide a high level of customer service to policyholders. Develop new and maintain existing agency relationships. Underwrite new and renewal business focusing on profitability. Contribute to the success of the department in meeting department and company goals.

DUTIES & RESPONSIBILITIES:

• Responsible for maintaining a high-level knowledge of coverage, exposures, rating plans and state requirements.
• Underwrite and price new and renewal accounts with proper file documentation in a timely manner
• Enter new business policies, endorsements and renewals.
• Manage the financial aspects of accounts with sending out monthly billing invoices on certain direct bill accounts, taking phone payments as needed, etc.
• Provide timely responses to agent inquiries
• Monitor account and agency loss ratios and risk profiles, make recommendations on agency terminations and/or re-underwriting programs.
• Review daily claims and act accordingly to communicate to agents on issues with drivers or accounts.
• Command full knowledge on rating, pricing, guidelines and forms for assigned specialty lines of business.
• Forward thinking with new product and business segments or states to enter into.
• Maintain and share knowledge of industry trends, market conditions and company programs.

QUALIFICATIONS REQUIRED:

• Proficient in Word, Excel, Power Point
• Proficient with Industry Resources and databases
• Working knowledge of carrier billing and processing systems; PTS and AS400 preferred
• Excellent oral and written communication skills
• Organized and detail oriented with ability to multi-task
• Ability to work independently and collaboratively simultaneously
• Minimum 3-5 years of Commercial Lines Multiple Line Underwriting experience with expertise in Commercial Auto (Taxi, Livery, Para Transit) and Commercial General Liability (Contractors and OL&T)
• Demonstrated knowledge of the property and casualty insurance industry.
• Excellent organizational and interpersonal skills.
• Strategic thinker with ability to support the company position
• Demonstrated knowledge of 1st dollar and deductible pricing strategies

PREFERRED:

• College Degree
• Professional Designations (CPCU, ARM, etc.)

Warrior Insurance Network (WIN) provides a competitive benefits package to all full- time employees. Following are some of the perks Warrior Insurance Network (WIN) employees receive:

• Competitive Salaries
• Commitment to your Training & Development
• Medical and Dental and Vision Reimbursement
• Short Term Disability/Long Term Disability
• Life Insurance
• Flexible Spending Account
• Telemedicine Benefit
• 401k with a generous company match
• Paid Time Off and Paid Holidays
• Tuition Reimbursement
• Wellness Program
• Fun company sponsored events
• And so much more!

Estimated Compensation Range: $41,250/year-$81,250/year*

*Published ranges are estimates. Offered compensation will be based on experience, skills, education, certifications, and geographic location. In addition, starting salary may vary by position depending on whether the position is in-office, hybrid or remote.

We are seeking the ideal candidate for our Commercial Lines Underwriting opening for our growing insurance company located in Bedford Park, just a mile south of Midway Airport!

The Commercial Lines Underwriter will work independently and collaboratively with the Commercial Account team to provide a high level of customer service to policyholders. Develop new and maintain existing agency relationships. Underwrite new and renewal business focusing on profitability. Contribute to the success of the department in meeting department and company goals.

DUTIES & RESPONSIBILITIES:

• Responsible for maintaining a high-level knowledge of coverage, exposures, rating plans and state requirements.
• Underwrite and price new and renewal accounts with proper file documentation in a timely manner
• Enter new business policies, endorsements and renewals.
• Manage the financial aspects of accounts with sending out monthly billing invoices on certain direct bill accounts, taking phone payments as needed, etc.
• Provide timely responses to agent inquiries
• Monitor account and agency loss ratios and risk profiles, make recommendations on agency terminations and/or re-underwriting programs.
• Review daily claims and act accordingly to communicate to agents on issues with drivers or accounts.
• Command full knowledge on rating, pricing, guidelines and forms for assigned specialty lines of business.
• Forward thinking with new product and business segments or states to enter into.
• Maintain and share knowledge of industry trends, market conditions and company programs.

QUALIFICATIONS REQUIRED:

• Proficient in Word, Excel, Power Point
• Proficient with Industry Resources and databases
• Working knowledge of carrier billing and processing systems; PTS and AS400 preferred
• Excellent oral and written communication skills
• Organized and detail oriented with ability to multi-task
• Ability to work independently and collaboratively simultaneously
• Minimum 3-5 years of Commercial Lines Multiple Line Underwriting experience with expertise in Commercial Auto (Taxi, Livery, Para Transit) and Commercial General Liability (Contractors and OL&T)
• Demonstrated knowledge of the property and casualty insurance industry.
• Excellent organizational and interpersonal skills.
• Strategic thinker with ability to support the company position
• Demonstrated knowledge of 1st dollar and deductible pricing strategies

PREFERRED:

• College Degree
• Professional Designations (CPCU, ARM, etc.)

Warrior Insurance Network (WIN) provides a competitive benefits package to all full- time employees. Following are some of the perks Warrior Insurance Network (WIN) employees receive:

• Competitive Salaries
• Commitment to your Training & Development
• Medical and Dental and Vision Reimbursement
• Short Term Disability/Long Term Disability
• Life Insurance
• Flexible Spending Account
• Telemedicine Benefit
• 401k with a generous company match
• Paid Time Off and Paid Holidays
• Tuition Reimbursement
• Wellness Program
• Fun company sponsored events
• And so much more!

Estimated Compensation Range: $41,250/year-$81,250/year*

*Published ranges are estimates. Offered compensation will be based on experience, skills, education, certifications, and geographic location. In addition, starting salary may vary by position depending on whether the position is in-office, hybrid or remote.