Senior Underwriter Lead: Growth & Strategy

Colonial Group; United States; On-site; USD 90,000 - 130,000; Full time

Job description

SUMMARY

Responsible for reviewing, underwriting and rating broker submissions for new and renewal business. Ensures content of submissions is complete; obtains additional information from Retail Producers and Account Managers as needed. Markets to carrier to obtain quotes, negotiate pricing, define coverage's, and determine commissions

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Evaluates new and renewal business in accordance with established underwriting guidelines in order to achieve goals of profit, rate and growth;
• Manages preparation of program renewal specifications and distribution to markets;
• Participates in all appropriate committees as recognized in managed programs;
• Works with program’s insurance/reinsurance markets to formalize and implement annual business plan;
• Manages renewal expiration lists and creates timelines for renewals;
• Reviews policies and endorsements to identify errors or omissions to ensure agreement with binding order; reviews for discrepancies with application, quote, proposal, and/or binder;
• Orders necessary reports such as credit, location, motor vehicle, and/or inspection reports, as well as building cost estimates;
• Analyzes inspection reports to accept or reject new business;
• Coordinates the preparation of policy delivery with all related documents;
• Issues policies and endorsements; binds coverage and coordinates binders/evidences;
• Technical expert assisting management, staff, producers, carriers and account managers with resolving complex issues;
• Coordinates the preparation and distribution of management reports;
• Maintains and manages coverage bordereaux;
• Manages and delegates work to underwriters, assistant underwriters and administrative staff; monitors to ensure timely and accurate completion;
• Maintains updated logs; submissions, written or lost business;
• Maintains files, historical data and client suspense; conducts follow-ups as appropriate;
• Coordinates underwriting audits;
• Complies with agency management system data standards and data integrity (enters and maintains complete and accurate information);
• Other duties as assigned.

QUALIFICATIONS

EDUCATION / EXPERIENCE

• Bachelor's Degree or equivalent combination of education and experience
• Eight (8) or more years related work experience, knowledge of insurance industry and prior supervisory experience
• Valid Insurance License
• Must continue to meet requirements for license renewal
• DL NUMBER - Driver License, Valid and in State

SKILLS

• Excellent verbal and written communication skills
• Good customer service skills, including telephone and listening skills
• Good problem solving and time management skills
• Ability to work within a team and to foster teamwork
• Excellent planning, organizational and prioritization skills
• Ability to perform complex mathematical functions
• Proficient in Microsoft Office products