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
- Underwrites a book of business both new and renewal in accordance with underwriting guidelines;
- Analyzes policies and endorsements to identify errors, omissions or discrepancies to ensure agreement with application, quote, proposal, and / or binder;
- Orders necessary reports or documents that are critical to the underwriting process 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;
- Issues policies and endorsements; binds coverage and coordinates binders / evidences;
- Prepares Renewal Specifications as required by management;
- Maintains and manages coverage bordereaux;
- Coordinates the preparation of policy delivery with all related documents;
- Services Account Manager calls, answers questions regarding client coverage, limits and deductibles;
- Maintains files for submissions and written or lost business;
- Maintains client suspense and conducts follow-ups as appropriate;
- Serves as a technical expert, assisting Account Managers to resolve complex issues;
- Assists in training of Assistant Underwriters and administrative staff;
- Complies with agency management system data standards and data integrity (enters and maintains complete and accurate information);
- Other duties as assigned.
QUALIFICATIONS EDUCATION / EXPERIENCE
Bachelor’s degree or equivalent combination of education and experience
Six (6) or more years related work experience; knowledge of insurance industry preferred
Requires a valid insurance license; must continue to meet requirements for license renewal
Requires a valid driver’s license
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
Proficient in Microsoft Office products
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