Sr. Commercial Lines Underwriter

IMT Insurance; Madison (WI); On-site; USD 85,000 - 110,000; Full time

Benefits offered by this job

Flexible work arrangements

Learning and development opportunities

Job summary

IMT Insurance is seeking a Sr Commercial Lines Underwriter in the Madison, Wisconsin area. The role evaluates complex risks, sets pricing and coverage terms, and drives profitable growth within an agency portfolio.

You will partner with Territory Managers, manage agency relationships, and act as a technical resource for underwriters. Responsibilities include portfolio management, risk analysis, pricing, and collaboration with agents to obtain complete risk information.

Qualifications

• College education or 7-8 years equivalent experience with 5+ years direct commercial lines experience.
• Strong knowledge of commercial lines products, forms, policy interpretation, and regulations.
• Ability to analyze complex risks and exercise sound underwriting judgment.
• Ability to write risks and retain business with underwriting knowledge.
• Ability to manage a complex workload and meet deadlines.
• Excellent communication, relationship building, and collaboration with agents.
• Proficient in underwriting systems and business applications.
• Detail oriented with high integrity and confidentiality.

Responsibilities

• Manage assigned agency portfolio aligned to agency needs and growth.
• Analyze commercial lines accounts to guide risk decisions.
• Price business per underwriting and pricing guidelines.
• Develop strong relationships with independent agents and brokers.
• Communicate underwriting decisions to agencies and stakeholders.
• Travel to agency locations, meetings, and industry events.

Skills

Analytical skills

Negotiation

Underwriting knowledge

Communication

Relationship building

Technology proficiency

Problem solving

Creativity in underwriting

Education

College education or equivalent

Job description

IMT is proud of our heritage and will never forget where our roots are firmly planted. Locally run from its office in West Des Moines, Iowa, IMT has been a Midwest company since it was founded in Wadena, Iowa in 1884. That’s over 140 years!

Today, IMT continues to offer a strong line of personal and commercial insurance products for which it has always been known, along with exceptional service for a competitive price. Our products are offered through Independent Agents throughout a six-state territory – Iowa, Illinois, Minnesota, Nebraska, South Dakota, and Wisconsin.

SR COMMERCIAL LINES UNDERWRITER

IMT Insurance is currently hiring for a Sr. Commercial Lines Underwriter in the Madison, Wisconsin area*. This position will evaluate complex risks, set pricing and coverage terms, and drive profitable growth within an assigned agency portfolio. You will also partner with Territory Managers and agency partners to manage agency relationships, serving as a trusted advisor to agencies, marketing company products and services, and actively participate in the agency management processes. Additionally, you will exercise complex decision-making with little or no supervision, balancing risk selection, customer needs, growth and profitability within underwriting guidelines and company objectives, and recommending quality exceptions where appropriate to maximize profitability and meet business plans.

A DAY IN THE LIFE

• Manages an assigned agency portfolio aligned to agency needs, growth opportunities and service expectations; the engagement model and portfolio assignments may change as agency needs evolve. Portfolio assignments are made by agency code and agency group rather than district.
• Analyzes commercial lines accounts to make decisions based on individual risk characteristics, exposure analysis, hazard recognition and control.
• Utilizes underwriting guidelines and company best practices to ensure compliance with state regulations.
• Within delegated authority levels and company guidelines, accepts, rejects or modifies new and/or renewal business to ensure a profitable book of business.
• Prices business according to company underwriting and pricing guidelines and ensures department standards are met.
• Meet established department turnaround standards and expectations for quotes, new business submissions, renewals and amendments.
• Develop and maintain strong relationships with assigned independent agents and brokers, serving as the primary underwriting contact for assigned agencies, including multi-location agency groups.
• Monitor and review necessary documentation to ensure accounts within the assigned agency portfolio remain profitable, and recommend corrective action for underperforming accounts or agencies.
• Prices business according to company underwriting and pricing guidelines and ensures department standards are met.
• Proactively review the assigned agency portfolio on a defined cadence to identify profitability, growth and retention opportunities, exercising independent judgement within delegated authority.
• Communicates with assigned agents on underwriting issues including, but not limited to, decisions on cancellations, declinations, exposure concerns, and survey results.
• Consult with and educate agency partners on products, underwriting appetite, guidelines, commercial exposures, coverage needs and submission requirements to obtain complete risk information.
• Partners with Territory Managers to identify issues or patterns and works to resolve or improve them; participates in agency planning and review processes; and identifies sales, marketing and commercial growth opportunities and develops strategies to pursue them.
• Partners with agencies on commercial growth planning, including planning meetings, agency visits and strategic account discussions.
• Partner with underwriting leadership, loss control, marketing, claims, operations, product development, IS and R&D teams to support business objectives and deliver effective customer solutions.
• Travels to assigned agency locations, meetings, conferences and industry events to maintain and develop agency partnerships.
• Coach and serve as a technical resource to other underwriters, including assisting less experienced underwriters with high hazard or complex accounts.
• Monitor market conditions, competitor activity, and industry trends.
• Assist in maintaining and developing marketing and technical documents for internal and external customers.

DESIRED QUALIFICATIONS

• A college education or 7-8 years equivalent experience, with 5+ years direct commercial lines experience, plus 3+ years direct underwriting experience is needed to perform normal functions.
• Comprehensive knowledge of commercial lines products, coverage forms, policy interpretation, and regulatory requirements across applicable jurisdictions.
• Strong analytical, critical thinking, problem-solving, and negotiation skills, with demonstrated ability to analyze complex risks and exercise sound underwriting judgment.
• Ability to use creativity and underwriting knowledge to write risks and retain business.
• Ability to independently manage and prioritize a complex workload, meet deadlines, and appropriately escalad issues and concerns when necessary.
• Strong relationship-building skills with the ability to collaborate effectively with agents, customers, team members, and business partners across the organization.
• Strong computer proficiency and ability to effectively utilize multiple underwriting, policy administration, and business systems.
• Excellent written, verbal, and interpersonal communication skills.
• Knowledge of treaty and facultative reinsurance guidelines.
• Ability to handle and protect confidential and proprietary customer , and company information with the highest level of professionalism and integrity.
• Ability to be detail oriented while maintaining accuracy.
• Customer service oriented.
• Adaptable and ability to learn new skills.
• Possess a valid driver’s license with an acceptable motor vehicle record per company standards.

BENEFITS & PERKS

IMT Insurance is committed to our employees and their families. When you work for IMT, you earn far more than just a paycheck. This position includes flexible work arrangements, learning and development opportunities and more! Below is a list of what IMT offers our employees:

• Medical, dental, and vision insurance, Life & A D & D insurance, 401K retirement savings accounts, spending accounts, long and short-term disability, profit share, paid vacation & sick time, employee assistant program and additional voluntary benefits.

The salary range for this position is $85,000.00 - $110,000.00

Starting salary and level of position will depend on level of experience.

*This position requiresthe candidateto reside within the Madison, WI area.

This position is not eligible for tips or commission but may be eligible for additional bonuses

WHAT DEFINES US

Our vision is to provide peace of mind in the moments that matter.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant based on race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state or local protected class.

Our agents and customers come from all walks of life and so do we. Our goal is to hire great people from a wide variety of backgrounds, because it makes our team stronger. If you share our values and our passion for creating a Worry Free life for others, we want to talk to you!