Overview
Large Account Underwriting Specialist - Remote at Selective Insurance
Role involves researching, marketing, underwriting, pricing, and coordinating issuance of new large, loss-sensitive accounts (premium > $350k). Partners with corporate departments and internal/external stakeholders to provide large account guidance. All duties must comply with applicable legal and regulatory requirements.
Responsibilities
- Implement defined marketing strategies for the company’s large account services and products. Create new business opportunities by understanding the customer’s business and identifying additional product and service offerings. Work within specific letter of authority to quote, accept, decline and modify new large account business. Ensure adequate pricing through proper classification and documentation, and adherence to underwriting standards and philosophy.
- Implement short and long-term goals for large accounts that support the company’s business strategies. Recognize trends in financial data and make sound business decisions to positively impact those trends.
- Collaborate with internal and external stakeholders regarding the survey process of large accounts. Ensure effective utilization of field force including safety management and claims to enhance service for agents, insureds, and internal staff.
- Develop effective relationships with agents. Partner with team to conduct agency and customer visits across a broad regional geography. Participate in association trade shows, cross-functional meetings, and other events to represent large accounts as needed.
- Provide technical support to field staff and agency employees on large accounts products, tools, and services to write and manage such accounts.
- Support Continuous Improvement by coordinating with peers across regions to implement best practices.
- Maintain information on competitive intelligence, industry trends and consumer needs to ensure competitive advantage with large accounts.
- Must be able to drive a automobile to travel within territory. Car travel represents approximately 20% of time.
Qualifications
Knowledge and Requirements
- Highly proficient written and verbal communication skills
- Broad knowledge of company products and underwriting guidelines
- Effective influencing and negotiation skills
- Critical thinking skills with ability to solve problems, evaluate high-stakes risks and make sound decisions
- Ability to multi-task and manage workflows to meet and exceed production and service expectations
- Ability to develop relationships with internal and external customers/peers
- Proficiency in use of all supplied desktop tools, including automated underwriting and email systems
- Must have valid state-issued driver’s license in good standing
Education And Experience
- College degree preferred
- Minimum of 3 years of commercial underwriting experience; minimum of 2 years of field underwriting/insurance marketing experience
- Completion of INS; AU; or completion or pursuit of CIC; or CPCU preferred
Total Rewards
Selective Insurance offers a total rewards package that includes a competitive base salary, incentive plan eligibility, and a wide array of benefits. Benefits include comprehensive health care plans, retirement savings with company match, discounted Employee Stock Purchase Program, tuition assistance and reimbursement programs, and paid time off. Base salary is location-based and represents a range for roles across Selective’s footprint. Additional compensation may consider education, qualifications, experience, skills, performance, and business needs.
Pay Range
USD $82,000.00 – USD $118,000.00 / Yr.
Additional Information
Selective is an Equal Employment Opportunity employer. We value diverse opinions, beliefs, abilities, and perspectives and are committed to creating a welcoming culture that embraces diversity, equity, and inclusion. We encourage all employees and partners to reflect these values in their work.
Job Details
- Seniority level: Not Applicable
- Employment type: Full-time
- Job function: Finance and Sales
- Industries: Insurance