Underwriter

AGMI Insurance; Schaumburg (IL); On-site; USD 65,000 - 90,000; Full time

Job summary

Anchor Group Management Inc. is seeking a Commercial Underwriter to join our team in Schaumburg, IL. You will review, document and analyze commercial auto risks in line with carrier partner guidelines and delegated authority.

You will work with brokers to respond to referrals, determine pricing with models or leadership guidance, and prepare quotes and policies while maintaining strong relationships with clients. This role requires rigorous analysis and collaboration.

Qualifications

• Bachelor's Degree or equivalent work experience.
• Minimum of 1-year Commercial Auto Underwriting experience.
• Demonstrated knowledge of Underwriting principles and ISO rules.
• Ability to manage multiple tasks and projects while maintaining workload.
• Effective interpersonal, communication and time management skills.
• Ability to collaborate with internal and external customers.
• Proficient with Word and Excel; willingness to travel overnight up to 10%.

Responsibilities

• Review and approve applications and renewals per carrier guidelines and authority.
• Respond to broker referrals through the point-of-sale system within standard timeframes.
• Determine pricing using predictive models or leadership guidance.
• Prepare quotes, issue policies and follow up on quote subjectivities.
• Prescreen renewal business and advise on non-renewal when needed.
• Maintain knowledge of industry trends, regulations and competitors.
• Collaborate with team to achieve department goals.

Skills

Underwriting principles

ISO rules

Microsoft Office

Communication skills

Time management

Team collaboration

Travel readiness

Education

Bachelor's Degree

Tools

Microsoft Office

Job description

Anchor Group Management Inc. is looking for a Commercial Underwriter to join our team. This position will report directly to the Underwriting Manager and will be responsible for reviewing, documenting and analyzing commercial auto risks in accordance with guidelines established by our carrier partners.

Duties

• Demonstrates ability to independently review and approve applications submitted and renewals in accordance with carrier guidelines, procedures and delegated authority.
• Responds to referrals or traditional submissions from broker partners through point-of-sale system within standard timeframes.
• Determines appropriate pricing by either applying predictive model results or recommended deviation in conjunction with Underwriting leadership.
• Established proficiency with loss rating, composite rating and other non-traditional rating methods.
• Prepares quotes, issues policies and follows up for completion of quote subjectivities.
• Prescreening of renewal business and makes recommendations for non-renewal.
• Ability to work autonomously and think creatively.
• Accountability for results of assigned Territory and/or Brokers. Must be able to understand cause and effect of any adverse result and make recommendations to management for an effective solution.
• Keep current with changing trends, economic indicators, competitors and state regulations.
• Maintains professional and technical knowledge by attending educational workshops, reviewing professional publications, establishing personal networks, participating in professional societies.
• Contribute to team effort by accomplishing established department goals.
• Other duties as assigned.

Experience

• Bachelor’s Degree or equivalent work experience
• Minimum of 1-year Commercial Auto Underwriting experience.
• Demonstrated knowledge of Underwriting principles and ISO rules.
• Ability to manage, prioritize and perform multiple tasks and projects while maintaining workload.
• Effective interpersonal, communication and time management skills.
• Ability to work collaboratively with our internal and external customers.
• Knowledge of Microsoft Office products including Word and Excel.
• Ability to travel overnight 10% of the time.

Anchor Group Management Inc. doing business in California, Illinois, New Hampshire, and Oklahoma as Anchor Management & Insurance Services and in West Virginia as Anchor Management & Insurance Services Inc.

800.897.2551

953 American Lane, Suite 110
Schaumburg, IL 60173

Information and statements on this website regarding insurance coverage available through Anchor Group Management Inc. are for general description purposes only. You should consult the actual insurance policy or your broker for details regarding policy terms, conditions, coverage, exclusions, products, services, and programs which may be available to you. Your eligibility for particular products and services is subject to meeting underwriting qualifications and final acceptance by the insurance company providing such products or services.