Underwriter

Anchor Group Mgmt; Schaumburg (IL); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical, Dental, Vision, FSA and HSA

Employer sponsored basic life and AD&D

Voluntary life insurance

Voluntary long-term disability

Voluntary Ancillary benefits: Accident

401K/401K employer match

Transportation stipend

Job summary

Anchor Group Management Inc. is seeking a Commercial Underwriter to join our team in Schaumburg, IL. This position reports to the Underwriting Manager and reviews, documents and analyzes commercial auto risks according to carrier guidelines.

Responsibilities include reviewing applications and renewals, pricing with models or deviations, issuing quotes and policies, and supporting broker referrals. Travel up to 10% may be required.

Qualifications

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

Responsibilities

• Review and approve applications submitted and renewals per carrier guidelines.
• Respond to referrals or submissions from broker partners through POS system within standard timeframes.
• Determine pricing by applying predictive model results or deviations with underwriting leadership.
• Establish proficiency with loss rating, composite rating and other rating methods.
• Prepare quotes, issue policies and follow up on quote subjectivities.
• Prescreen renewal business and advise non-renewal when needed.
• Work autonomously and think creatively.
• Accountability for results in assigned Territory and/or Brokers; propose solutions to management.
• Stay current with changing trends, economic indicators, competitors and regulations.
• Maintain professional knowledge by attending workshops and reading professional publications.
• Contribute to team goals and other duties as assigned.

Skills

Interpersonal skills

Time management

Prioritization

Communication

Collaboration

Education

Bachelor’s Degree or equivalent work experience

Tools

Microsoft Office

Word

Excel

Job description

Description

SUMMARY

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

Essential Duties and Responsibilities

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.

Requirements

Education and/or 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.

Benefits

• Medical, Dental, Vision, FSA and HSA Plans, Employer annual contribution to HSA plan


• Employer sponsored basic life and basic life AD&D insurance, short term disability


• Voluntary life insurance


• Voluntary long-term disability


• Voluntary Ancillary benefits: Accident-Hospital-Critical Illness


• 401K/401K employer match with Fidelity


• Transportation stipend