Underwriter Lead

Colonial Group; Yardley (Bucks County); On-site; USD 100,000 - 140,000; Full time

Job summary

Colonial Group is seeking an experienced underwriter supervisor in Bucks County, PA. You will review, underwriting and rate broker submissions for new and renewal business, ensuring completeness and coordinating with Retail Producers and Account Managers as needed.

The role involves market engagement, pricing negotiations, coverage definitions and commission determinations. You will lead a team, manage renewal timelines, audit policies, and provide technical guidance to staff, producers, and

Qualifications

• Bachelor's degree or equivalent combination of education and experience.
• Minimum of 8 years related underwriting and supervisory experience.
• Valid insurance license and ongoing renewal requirements.
• Driver's license valid in the state.

Responsibilities

• Review, underwriting and rating broker submissions for new and renewal business.
• Ensure submission content is complete and obtain additional information as needed.
• Market to carriers, obtain quotes, negotiate pricing and define coverages.
• Prepare renewal specifications and distribute to markets.
• Coordinate with committees and manage renewal expiration timelines.
• Review policies for accuracy and bind coverage; issue endorsements.
• Assist management, staff, producers, carriers and account managers with complex issues.
• Maintain logs, data integrity, and required reports.

Skills

Verbal communication

Written communication

Customer service

Problem solving

Teamwork

Planning & prioritization

Mathematical calculations

MS Office proficiency

Education

Bachelor's degree or equivalent

8+ years related underwriting/ supervision

Insurance License

License renewal eligibility

Driver's License (in state)

Job description

SUMMARY

Responsible for reviewing, underwriting and rating broker submissions for new and renewal business. Ensures content of submissions is complete; obtains additional information from Retail Producers and Account Managers as needed. Markets to carrier to obtain quotes, negotiate pricing, define coverage's, and determine commissions

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Evaluates new and renewal business in accordance with established underwriting guidelines in order to achieve goals of profit, rate and growth;
• Manages preparation of program renewal specifications and distribution to markets;
• Participates in all appropriate committees as recognized in managed programs;
• Works with program’s insurance/reinsurance markets to formalize and implement annual business plan;
• Manages renewal expiration lists and creates timelines for renewals;
• Reviews policies and endorsements to identify errors or omissions to ensure agreement with binding order; reviews for discrepancies with application, quote, proposal, and/or binder;
• Orders necessary reports such as credit, location, motor vehicle, and/or inspection reports, as well as building cost estimates;
• Analyzes inspection reports to accept or reject new business;
• Coordinates the preparation of policy delivery with all related documents;
• Issues policies and endorsements; binds coverage and coordinates binders/evidences;
• Technical expert assisting management, staff, producers, carriers and account managers with resolving complex issues;
• Coordinates the preparation and distribution of management reports;
• Maintains and manages coverage bordereaux;
• Manages and delegates work to underwriters, assistant underwriters and administrative staff; monitors to ensure timely and accurate completion;
• Maintains updated logs; submissions, written or lost business;
• Maintains files, historical data and client suspense; conducts follow-ups as appropriate;
• Coordinates underwriting audits;
• Complies with agency management system data standards and data integrity (enters and maintains complete and accurate information);
• Other duties as assigned.

QUALIFICATIONS

• Bachelor's Degree or equivalent combination of education and experience
• Eight (8) or more years related work experience, knowledge of insurance industry and prior supervisory experience
• Valid Insurance License
• Must continue to meet requirements for license renewal
• DL NUMBER - Driver License, Valid and in State

SKILLS

• Excellent verbal and written communication skills
• Good customer service skills, including telephone and listening skills
• Good problem solving and time management skills
• Ability to work within a team and to foster teamwork
• Excellent planning, organizational and prioritization skills
• Ability to perform complex mathematical functions
• Proficient in Microsoft Office products