Specialty Underwriter

NovaFi Mortgage, Inc.; Town of Middleton (WI); On-site; USD 63,000 - 86,000; Full time

Benefits offered by this job

Medical insurance options

Dental insurance

Vision benefits

Life insurance

401(k) Plan with company match

Paid time off

Job summary

Michigan Millers Mutual Insurance Company is seeking an Underwriter to join our team. The role focuses on developing and managing a book of commercial lines business through assigned agencies, evaluating submissions, and maintaining strong agency partnerships.

Travel to agencies supports growth and profitability goals. The ideal candidate has a strong underwriting background, excellent communication skills, and the ability to travel up to 10%.

Qualifications

• Strong understanding of underwriting concepts and standards.
• Ability to multitask and solve problems.
• Proficient oral and written communication skills.
• Valid and unrestricted driver’s license with acceptable driving record.
• Bachelor’s degree in insurance or finance; relevant experience may be considered in lieu of a degree.

Responsibilities

• Develops and manages a book of commercial lines business with assigned agencies.
• Reviews, classifies, evaluates, and prices business within underwriting authority.
• Manages an assigned agency territory to achieve growth and profitability goals.
• Builds and maintains strong agency relationships.
• Applies knowledge of rating methodology and coverages to underwriting decisions.
• Travels to assigned agencies to promote products and support agency relationships.
• Maintains understanding of the insurance marketplace and industry issues.
• Analyzes operations and exposures and writes, renews, and modifies business.
• Develops underwriting solutions aligned with organizational objectives.
• Assesses risk and exposure to identify growth opportunities.
• Strives for renewal retention and profitability for assigned agencies.
• Identifies and analyzes medium-complexity accounts and makes sound decisions.
• Seeks escalation to Senior Underwriter when needed.
• Solves medium-scope problems and recommends solutions.
• Delivers customer satisfaction by managing expectations and commitments.

Skills

Underwriting concepts

Agency relationship management

Problem solving

Communication skills

Driver's license

Education

Bachelor’s degree in insurance or finance

Progress toward CPCU/AU/CIC designation

Tools

Core systems proficiency

Job description

Description

Who are we?

Specialty Insurance Solutions (SIS) is a member of Michigan Millers Mutual Insurance Company. Michigan Millers Mutual Insurance Company is a mutual insurance company and an affiliate of Western National Mutual Insurance, it is rated A (Excellent) by A.M. Best, with over 140 years of experience serving policyholders’ property and casualty insurance needs across multiple regions in the United States. Michigan Millers believes in striving for growth without sacrifice. We know that our culture creates and cultivates happy and dedicated employees, which we believe gives us the ability to deliver the highest level of customer service.

The core values for Michigan Millers and Western National Insurance, Connectiveness – Accountability – Empowerment are incorporated into all that we do. Our workplace culture encourages employees to seek out learning opportunities and to strive for growth and development in the insurance industry.

We understand the importance of a positive work community and a healthy workplace environment when striving for organizational success. Our emphasis on internal growth and maintaining healthy team relationships translates into external growth and building sustainable customer relationships.

Does this opportunity interest you?

Specialty Insurance Solutions is seeking an Underwriter to join our team!

The individual in this role will have the opportunity to develop and manage a book of commercial lines business through assigned agencies while building strong agency relationships and supporting established growth and profitability goals.

What are the responsibilities and opportunities of this role?

• Develops and manages a book of commercial lines business with assigned agencies.
• Reviews, classifies, evaluates, and prices business within established underwriting authority.
• Manages an assigned agency territory to achieve established growth and profitability goals.
• Builds and maintains strong agency relationships.
• Applies knowledge of rating methodology and coverages to underwriting decisions.
• Travels to assigned agencies to promote products, strengthen agency partnerships, and support agency relationships.
• Maintains an understanding of the insurance marketplace, including different lines of insurance and emerging industry issues.
• Applies established practices, processes, procedures, and underwriting authority to analyze operations and exposures for different types of risks and write, renew, and modify business.
• Uses research and analysis to develop practical underwriting solutions that align with organizational objectives.
• Assesses risk and exposure on new and existing business to identify opportunities to support assigned territory loss ratio and growth objectives.
• Achieves business goals through new business growth, renewal retention, and overall profitability for assigned agencies.
• Identifies and analyzes medium-complexity accounts and makes sound underwriting decisions.
• Makes recommendations to a Senior Underwriter when established authority levels are exceeded.
• Makes decisions independently within assigned authority and executes established policies and procedures.
• Applies knowledge to solve problems of medium scope and complexity and recommends solutions when matters fall outside assigned authority.
• Builds customer satisfaction by setting appropriate expectations, taking responsibility for resolving customer issues, and ensuring commitments are met.
• Performs special projects and other duties as assigned.

Requirements

What is a must-have?

• Strong understanding of industry practices, standards, and underwriting concepts.
• Ability to multitask and solve problems.
• Proficient oral and written communication skills.
• Valid and unrestricted driver’s license with an acceptable driving record.
• Bachelor’s degree in insurance or finance; relevant experience may be considered in lieu of a degree.
• Proficient use of various core systems, office and computer equipment, and software packages.
• Ability to travel up to 10% of the time.

What will our ideal candidate have?

• Progress toward a CPCU, AU, or CIC designation.

Compensation overview

The targeted hiring range for this role is $63,000 - $86,000 annually. However, the base pay offered may vary depending on the job-related knowledge, skills, credentials, and experience of each candidate as well as other factors such as the scope and location of the role. Candidates looking for compensation outside of the posted range are encouraged to apply and will be considered based on their individual qualifications and/or may be considered for other positions.

Culture and Total Rewards

We offer full-time employees a significant Total Rewards Package, including:

• Medical insurance options and other standard employee benefits, including dental insurance, vision benefits, life insurance, and more!
• Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA)
• 401(k) Plan (plus company match)
• Time Off - including vacation, volunteer, and holiday pay
• Paid Parental Leave
• Bonus opportunities
• Tuition assistance
• Wellness Program - including an onsite fitness studio

Michigan Millers and Western National Insurance believes in supporting the balance between work and life by providing a flexible work environment, which includes a variety of hybrid work arrangements designed to balance individual, job, department, and company needs.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

Michigan Millers provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.