Construction Key Accounts Underwriter – New Business

The Cincinnati Insurance Companies; Virginia (MN); On-site; USD 100,000 - 195,000; Full time

Job summary

The Cincinnati Insurance Companies is seeking an experienced Commercial Lines Key Accounts Underwriter to manage a multi-state book above $250,000 in new business and $500,000 in renewals. You will engage with agents, price to target returns, and mentor junior underwriters in a remote-capable, national territory.

Virginia and North Carolina territories are included; remote opportunities may apply for eligible candidates with travel about 25% when required.

Qualifications

• 5 years of construction underwriting experience in middle market and large accounts preferred.
• Working knowledge of large account marketing and underwriting; familiarity with collateral concepts, wrap-ups and contractor coverage.
• Analytical and critical-thinking skills.
• Strong understanding of the life cycle on construction projects.
• Excellent oral and written communication skills.
• Strong negotiation and relationship-building abilities.
• Understanding portfolio management and ability to balance growth and profit dynamics.
• Willingness to travel roughly 25% of the time.

Responsibilities

• Manage a territory of guaranteed cost and loss sensitive business as a life-cycle underwriter above $250,000 in new business and $500,000 for renewals.
• Responsible for both new business production goals and a renewal book of business of our larger Key Accounts.
• Engage with partner agents and brokers that drive revenue with Key Account size business by promoting our company’s products and services.
• Work to strategically grow by partnering with our local field marketing reps to drive submission activity.
• Understand the agency planning process and impact of contingency/supplemental commission arrangements.
• Speak competently about relevant issues impacting contractors and how it impacts their risk management program.
• Evaluate and document contractor exposures and controls, analyzing actuarial loss models using both predictive analytics and a layered and excess loss approach.
• Price business to achieve positive returns within the framework of the organization’s risk appetite.
• Effectively negotiate renewals to achieve business unit goals, including rate/retention dynamics and policy terms and conditions.
• Proactively engage insureds in the assigned territory, developing and executing on stewardship service plans - addressing claims, loss control and RMIS service needs.
• Collaborate with, and mentor less experienced underwriters

Skills

Construction underwriting

Analytical thinking

Communication skills

Negotiation

Travel willingness

Portfolio management

Self-starter

Education

College degree

CPCU designation preferred

Job description

The Cincinnati Insurance Companies is seeking an experienced Commercial Lines Key Accounts Underwriter to manage a multi-state book above $250,000 in new business and $500,000 in renewals. You will engage with agents, price to target returns, and mentor junior underwriters in a remote-capable, national territory.

Virginia and North Carolina territories are included; remote opportunities may apply for eligible candidates with travel about 25% when required.