Insurance Underwriter

Senior Underwriter (P&C, Commercial Insurance)

Summary

Reporting to either the Underwriting Manager or the Chief Underwriting Officer and operating within guidelines and authority established in the NIAC/ANI underwriting manual, the Senior Underwriter performs risk selection and pricing on endorsements, renewals, and new business. Reviews new business and renewal quotes prior to issuance. Makes marketing calls to members and brokers on an as needed basis. This position requires a great deal of creativity and latitude. Prior experience working remote out of a home office is required for remote positions.

Responsibilities

The Senior Underwriter’s responsibilities include but are not limited to:

Assess and price all endorsements (beyond authority of underwriting assistant), renewals, and new business according to guidelines and authority as outlined in the underwriting manual. Lines of business to underwrite include general liability, auto liability and physical damage, improper sexual conduct, liquor liability, employee benefits liability, umbrella, property and crime, social service professional liability, and accident.
Prepare the underwriting and rating work-up on all renewal and new business policies. Such work-up to include but is not limited to:
Select and/or verify class code and premium base and rating exposure
Calculate final premium including specialty charges (special events and additional insureds)
Determine appropriate credits and/or debits to obtain a fair and sustained premium for risk
Determine all coverage forms and necessary endorsements
Effectively communicate to broker quote conditions
Provide accurate documentation in the file and/or in electronic notes of underwriting thought process
Ability to think outside of the box and develop solutions for our members that address their specific insurance needs
A personal commitment to providing Inspired Service in every internal and external client engagement
Provide customer service by responding promptly and courteously to all requests for information
Ensure timely and accurate preparation and issuance of policies issuance. Effectively communicate company standards, mission, underwriting guidelines, and requirements to brokers and/or members
Provide accurate documentation in the file and/or in electronic notes of underwriting thought process.
Order/review inspection reports to assess risk quality and to confirm exposure base accuracy
Actively manage assigned book of business. Responsible for achieving company renewal retention ratio goal and amount of new business written on a monthly basis in addition to company profitability goals
Actively manage relationships with assigned brokers, customers and members
Ensure that information available from internal and external resources is properly integrated into underwriting decision making
Ensure that referral guidelines are properly followed regarding all lines of business underwritten.
Any and all assignments related to the insurance operations department as requested by the director or vice president of insurance operations
Provides training and mentoring for other members of the Insurance Operations team when require
Some travel may be required

Required Skills

Strong technical P&C underwriting knowledge and skills
Advanced knowledge of ISO commercial class codes and CLM rules, forms, rating and regulatory requirements.
Advanced knowledge of NIAG polices and coverages and how they differ from competitor’s forms and coverages
Very strong knowledge of underwriting and pricing principles and the ability to use this knowledge to make underwriting and pricing decisions with little oversight
Results-oriented, self-motivated problem solver with excellent verbal and written communication skills
Consistent customer service focus for members and brokers
Ability to organize and prioritize workload with little supervision and efficiently make sound business decisions within level of authority
Capacity to manage multiple tasks in response to both written and verbal requests
PC literate. Basic to intermediate skills with Word, Outlook and Power Point
Intermediate skills in Excel
Should expect to assist with training and development of less experienced staff. This includes the ability to do formal and informal training sessions/classes
Candidate should possess excellent written and verbal communication skills, and sharp attention to detail. This includes strong documentation skills
Ability to collaborate with other staff members and external constituents.
While performing the duties of this job, the employee is required to climb, stoop, bend, reach or sit for up to 3 hours at a time
The employee must occasionally lift/and or move up to 20lbs
Must have adequate vision (with corrective lenses if needed) to clearly view computer screen.
Must have adequate hearing to perform job tasks

Experience

2-4 years experience as an Senior Underwriter or minimum of 5 years as Underwriter II or equivalent required
Experience in a multi-state and multi-line commercial insurance environment preferred
Prior experience working remotely from a home office 100% of the time is required for remote positions

Education

B.A. or B.S. degree in Business or Insurance strongly preferred (or directly-related equivalent experience required)
CPCU, CIC, ARM or comparable designations preferred

Insurance Policy Processing Administrator/Underwriter

Peoples Mutual Insurance Association

Job Overview
We are seeking a detail-oriented and analytical Insurance Underwriter/Processor to join our team. The ideal candidate will be responsible for evaluating insurance applications for personal lines risks to determine the risk involved and the appropriate coverage terms. This role requires a strong understanding of financial analysis, risk assessment, and underwriting principles. The Insurance Underwriter/Processor will work closely with agents and clients to ensure that all underwriting guidelines are met while maintaining a high level of customer service.

Responsibilities and essential duties

Evaluate insurance applications and change requests along with risk assessments. Produces declaration pages for new business, changes, anniversaries, cancellations, and reinstatements.
Produces, assembles, and mail notices.
Perform quantitative analysis to determine the insurability of applicants.
Collect and analyze data relevant to underwriting decisions, including credit reports, claim reports, and other pertinent information.
Assists agents with rating and underwriting questions.
Conducts appropriate training sessions for the Associations agents.
Provide inspection reports to agents.
Collaborate with agents and clients to gather necessary information for underwriting decisions.
Maintain accurate records of underwriting activities and decisions in compliance with company policies.
Stay updated on industry trends, regulations, and best practices in underwriting.
Underwrites changes and renewals within authority.
Forwards all changes and renewals that exceed authority.
Prepares renewal policies.
Processes accounts receivable and/or accounts payable.
Process and mail cancellations as required by policy.
Assist with claim setup and other claim duties.
Answer telephone and services the insured, agent, and the public in a professional and considerate manner.
Handles questions and complaints from agents and insureds.
Maintains company business in a confidential manner.
Always present a positive image of the Association to the public, and acts to positively promote the Association's objectives.
Any other duties assigned by Management.

Qualifications

Degree in business administration, or a related field is preferred.
Personal lines insurance experience preferred.
Proven experience in underwriting or a related field is highly desirable.
Strong skills in financial analysis, risk analysis, and underwriting principles.
Excellent communication skills with the ability to explain complex concepts clearly to clients and colleagues.
Detail-oriented with strong organizational skills to manage multiple applications simultaneously.
Ability to multi-task efficiently while handling daily interruptions.
Ability to work independently as well as part of a team in a fast-paced environment.

Insurance Underwriter

SEBANDA INSURANCE CORP

Job Overview
We are seeking a detail-oriented and analytical Insurance Underwriter to join our dynamic team. The ideal candidate will be responsible for evaluating insurance applications, assessing risk, and determining appropriate coverage levels. This role requires a strong understanding of financial principles, excellent mathematical skills, and the ability to analyze complex data to make informed decisions.

Duties

Review and evaluate insurance applications to determine risk levels and coverage options.
Analyze financial statements and other relevant documents to assess the applicant's financial health.
Utilize quantitative analysis techniques to identify potential risks associated with underwriting decisions.
Collaborate with agents and brokers to gather additional information as needed for underwriting assessments.
Implement fraud prevention detection measures to safeguard against fraudulent claims.
Maintain accurate records of underwriting decisions and ensure compliance with company policies and regulatory requirements.
Provide recommendations for policy adjustments based on portfolio management strategies.
Stay updated on industry trends, regulations, and best practices in insurance underwriting.

Qualifications

Strong financial acumen with a solid understanding of technical accounting principles.
Proficient in math and quantitative analysis, with the ability to interpret complex data sets.
Experience in mortgage servicing or loan origination is preferred but not required.
Familiarity with financial software tools used in underwriting processes.
Excellent attention to detail and organizational skills.
Strong communication skills, both written and verbal, to effectively convey underwriting decisions.
Ability to work independently as well as collaboratively within a team environment.

Life & Disability Group Insurance Underwriter

New York Life Insurance Co

Group Benefit Solutions delivers comprehensive insurance and absence management solutions for mid-sized and large companies. Our work fosters a healthier, happier, and more secure workforce, contributing to New York Life’s legacy of being there when we’re needed most. Here, you'll design, implement, and support these solutions directly impacting employees’ lives. At our core, we provide financial security and peace of mind to people through our absence, accident, disability, voluntary benefits, and life insurance solutions. Click here to learn more about Group Benefits solutions.

The Group Benefit Solutions Underwriting Organization partners with Sales, Client Management, Pricing, Risk Management, and other business partners to evaluate and manage risk. We are responsible for analyzing employer group characteristics and plan designs to determine the appropriate rates for Life, Accident, Disability and Absence products. One of our key priorities is to manage the growth and profitability of our portfolio, through new business sales and persistency of our inforce book of business. Our team also includes the Medical Underwriting organization that evaluates the risk of individual applications for Life and Disability coverage, as well as our UW Operations organization that helps to drive efficiency and productivity in our process.

As an Underwriter, you will use your knowledge and expertise to determine plan designs and rates for our employer group clients minimizing risk and optimizing profit in the process. You will evaluate and interpret data from numerous sources, including group demographics, industry research, and other actuarial tools, to develop a risk analysis of each employer group. You will consult with sales reps and brokers to explain your analysis and work together with them to balance risk and profits.You will have opportunities for other projects outside the risk assessment portion of your job, such as processes for efficiency or acting as a trainer or mentor to other underwriters.

What You'll Do:

Perform case specific risk analysis to develop appropriate premium rates for a given risk to support the market’s growth and profitability goals
Responsible for account level rate development and conducting customer negotiations with Sales on a more complex book of business
Develop strategic recommendations related to market competition, products, and pricing
Manage an assigned book of business, focused on attaining profitable growth, persistency, and earnings
Partner with sales department and brokers to deliver customer presentations and acts as financial consultant on case-specific issues
Influence underwriting best practice and provides input to matrix partners on product development and pricing
Mentor and train less tenured underwriters. Help increase their understanding of risk management & underwriting, maintaining focus on technical knowledge and competency skill development
Act as a trusted resource and technical expert to team and matrix partners

What You'll Bring:

Bachelor's degree or equivalent work experience required
5+ years of Group Life, Accident, Long Term Disability, Short Term Disability, and Absence underwriting, or other relevant experience required
Demonstrated knowledge of large employer groups with multi-carrier product offerings and awareness of the drivers of a marketing outside of group insurance specific dynamics
Thorough knowledge of risk factors that influence market and competitive conditions
Ability to make effective decisions based on strong knowledge of all financial and risk levels, both internal and external
Strong time management skills, highly organized, detail oriented
Ability to foster strong working relationships
Strong interpersonal and communication skills
Ability to communicate complex ideas, persuade and negotiate effectively
Ability to lead discussions and deliver external presentations and analysis to a diverse client base