Commercial Underwriting Associate

This is a fully remote position, open to applicants in Illinois.

📋 Description

• Prepares and approves renewals for accounts within the authority limit, emphasizing long-term profitability, retention, and achieving pricing objectives for both the branch and company.

• Utilizes negotiation skills to secure adequate rates based on established guidelines from the branch.

• Reviews account details, including coverage specifics, claims history, and any pertinent updates or changes.

• Assesses the risk profile of each account to determine eligibility for renewal in accordance with underwriting guidelines.

• For accounts exceeding authority limits, gathers necessary information for the underwriter to facilitate the renewal process.

• Communicates with agents to confirm that all renewal information has been requested and received.

• Collaborates consistently with underwriters throughout the renewal process, ensuring a comprehensive approach to managing the agency's book of business.

• Maintains accurate and thorough file documentation.

• Fosters relationships with agents by delivering exceptional customer service to enhance renewal retention.

• Engages in meaningful interactions with agents through various channels such as face-to-face meetings, virtual meetings, phone calls, and written communication.

• Addresses concerns or issues raised by agents regarding endorsements and renewals promptly and effectively, working with internal teams to find solutions that satisfy both the carrier and agency.

• Reviews and approves endorsements that meet specified requirements and fall within authority limits.

• Underwrites and provides endorsement quotes to agents.

• Corresponds with agents to request additional information as necessary.

• Evaluates potential risks associated with proposed endorsements, taking into consideration factors such as policy coverage, loss history, and claims data to gauge the overall impact on the policy.

• Determines if further information or assessments are needed for accurate decision-making.

• Reviews and approves reinstatements and cancellations.

• Assists agents with inquiries related to policy billing.

• Performs support tasks for branch departments, including but not limited to, ordering and analyzing reports, reviewing drivers, and completing monthly projects.

• Collaborates with experienced underwriters and territory management team members to enhance understanding of company and branch risk appetite, underwriting resources, and systems.

⛳️ Requirements

• Associate degree or equivalent relevant experience.

• One year of experience in the insurance industry or a related field.

• A bachelor's degree may be accepted in place of the required insurance industry experience.

• Strong attention to detail and proficiency in accurate data entry.

• Competent personal computer skills with proficiency in Microsoft products.

• General understanding of insurance terminology.

• Strong problem-solving and decision-making abilities.

• Excellent customer service and communication skills.

• Strong organizational and time management capabilities.

• Exceptional negotiation skills.

• Ability to function effectively in a team environment as well as independently.

• Occasional travel required; a valid driver's license with an acceptable motor vehicle report as per company standards is necessary for driving.

🏝️ Benefits

• Exceptional benefits package including life, medical, dental, vision, and prescription drug coverage.

• Competitive paid time off plan and an annual full day of volunteer time off.

• Financial incentives, such as a 401(k) plan match, pension plan, OneEMC bonus plan, and recognition and anniversary awards.

• Opportunities for professional development and growth, including tuition reimbursement.

• Wellness initiatives aimed at enhancing team member well-being and lowering health insurance costs.

• Flexibility in dress code and opportunities for alternative work arrangements.