Underwriter Commercial Lines

Western Reserve Group; Wooster (OH); On-site; USD 64,000 - 99,000; Full time

Job summary

Western Reserve Group is seeking an experienced Commercial Lines Underwriter in Ohio to manage risk selection, pricing and negotiation within authority levels. The role partners with the Underwriter and Territorial Manager – Marketing to meet loss ratio and premium targets.

You will travel to agencies, review renewals, underwrite existing business, and guide CSR staff on rating and endorsements, with emphasis on accurate communication and knowledge of Commercial Lines coverages.

Qualifications

• 2+ years Commercial Lines underwriting experience
• 4 year College Degree preferred
• Excellent written and verbal communication skills
• Knowledge of Commercial Lines coverages

Responsibilities

• Accepts or rejects and assigns proper classifications and pricing new business based on underwriting criteria.
• Reviews renewal policies and prices the renewals based on risk characteristics and market conditions.
• Underwrites existing business within assigned authority levels.
• Travels to agencies to strengthen relationships and discuss underwriting issues.
• Recommends changes in rates and products to meet objectives.
• Provides instructions for rating, classification, pricing and endorsements to CSR staff.

Skills

Communication skills

Commercial lines underwriting

Negotiation

Education

4 year College Degree

Tools

Microsoft Access

Microsoft Excel

Microsoft PowerPoint

Microsoft Word

Job description

Description

Position is responsible for risk selection, pricing and negotiation with agency personnel within assigned authority levels. The Underwriter and Territorial Manager – Marketing work together with the underwriting team to meet loss ratio, written premium, and service objectives.
Salary Grade (11) 63,994.87 - 81,592.65 - 99,191.48

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

Accepts or rejects and assigns proper classifications and pricing new business based on underwriting criteria, investigative reports and loss history within assigned authority levels.

Reviews renewal policies for acceptability and prices the renewals based on risk characteristics and market conditions within assigned authority levels.

Underwrites existing business within assigned authority levels.

Travels to agencies to strengthen company/agency relationships, to discuss underwriting issues, and for on and off site training.

Communicates with Territorial Managers – Marketing and other departmental and company personnel regarding underwriting issues.

Communicate via telephone, fax, electronic and written communication with agency personnel on underwriting issues.

Assist co-workers and agents in developing their Commercial Lines knowledge and skills.

Recommends changes in rates and products to meet company, departmental and individual objectives.

Works closely with Territorial Managers – Marketing and the underwriting team on an ongoing basis to develop action plans to achieve objectives for assigned territory.

Provides instructions for rating, classification, pricing and endorsements to CSR staff.

SUPERVISORY RESPONSIBILITIES

None

QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE

2 + years Commercial Lines underwriting experience

4 year College Degree preferred

Excellent written and verbal communication skills

Knowledge of Commercial Lines coverages

LANGUAGE SKILLS

Excellent verbal and written communication skills. The individual must be able to effectively and clearly communicate with agency, team, departmental and company personnel via telephone, fax, e-mail, one on one dialogue and small group presentations in a highly professional manner.

REASONING ABILITY

The position requires the individual to apply common sense, understanding, reasoning and sound educated judgement coupled with sound Commercial Lines insurance training and experience to properly evaluate and analyze accounts for recommended action within assigned authority levels.

CERTIFICATES, LICENSES, REGISTRATIONS

INS or CPCU are encouraged

Additional insurance course work and seminars are recommended.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Employees are required to sit at a workstation to perform various PC functions. Position performs a lot of repetitious data entry and keyboarding into PC. Additionally, the employee is required to devote substantial time to telephone communication.

While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee frequently is required to use hands to finger, handle, or feel. The employee is occasionally required to stand, walk, and reach with hands and arms.

Employees may be required to travel from time to time. This may require extended periods of time sitting in a vehicle.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Each Underwriter is responsible for servicing agents within assigned territories. The Underwriter will be assigned a specific work cubicle station and or other individual work areas. The workstation will be located adjacent to other similar workstations. The workstation has the necessary equipment to perform the position duties including personal computer, telephone, file space, and needed worktable space.

The environment is reasonably quiet with needed interaction between other team members, immediate supervisor, and other company staff. Moderate noise level from telephone calls is expected.

Qualifications

Skills

Preferred

Microsoft Access

Expert

Written and verbal communication skills

Expert

Microsoft Excel

Expert

Microsoft PowerPoint

Expert

Microsoft Word

Expert

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.