Job Summary
The Senior Underwriter is responsible for selecting, reviewing, modeling, analyzing and underwriting complex submissions within the context of applying the division’s underwriting guidelines and standards. Determines the proper terms and conditions for acceptable risks including rating the account to develop the appropriate premium. Responds to brokers when particular risks do not meet underwriting guidelines and offers alternative options and cross sell other products. Provides assistance to other team members including the Division Manager in a variety of areas including referrals and identifying new opportunities.
Duties and Responsibilities
Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service
Analyze new business opportunities and develop renewal strategies
Attain quote, premium and division goals as assigned
Develop and maintain strong relationships with brokers
Use critical thinking and problem-solving skills to negotiate with brokers on placements
Assist the Underwriting Manager/Division Manager with training, mentoring, and on-boarding of new employees.
Travel to meet with brokers within assigned territory at least three times per year
Other duties as assigned
Knowledge, Skills and Abilities
Ability to effectively and properly select, evaluate, model, determine coverage, rate, document, quote and bind accounts
Ability to effectively assess risk
Excellent verbal and written communication skills
Ability to work independently or in a team environment to complete assignments
within the parameters of instructions given, prescribed processes and standard accepted underwriting practices
Solid knowledge of underwriting philosophy and techniques
Proven problem solving and decision-making skills
Strong negotiation skills
Ability to multi-task
High level of initiative and motivation
Strong work ethic with a drive to succeed
Solid customer service and relationship building skills
Proficiency in MS Office (Word, Excel, Outlook) and Internet researching
Experience and Education
Senior Underwriter
Bachelor’s degree or equivalent work experience
Minimum of 5 years underwriting experience, preferably in Excess and Surplus lines
Professional designation is preferred
Underwriting Specialist
15+ years industry experience, 10+ years in Excess and Surplus lines with specialized coverage and product knowledge
Bachelor’s Degree or equivalent work experience
Specific experience in marketing and underwriting of the division related products
Professional designation is preferred
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