Underwriting Associate

This is a fully remote position, open to applicants in Iowa, +5 more states.

📋 Description

• Assist in underwriting insurance risks in alignment with the business plan and delegated authority to achieve business goals.

• Ensure adherence to internal and external regulations and guidelines.

• Provide technical underwriting and administrative assistance to the underwriting team.

• Collect information, prepare documentation, collaborate with internal partners, and support underwriters with agent interactions.

• Analyze underwriting data to triage, prepare, and respond to quotes, renewals, and policy endorsements or inquiries.

• Apply published underwriting guidelines and ensure compliance with all company filings, rules, and regulations.

• Underwrite and process all endorsement requests within the assigned letter of authority.

• Independently implement pricing strategies and document pricing decisions to fulfill regulatory requirements for assigned accounts.

• Proactively recognize and leverage opportunities to upsell and cross-sell UFG coverages and products.

• Document assigned files with high-quality underwriting information consistent with our business strategy.

• Screen new business submissions for designated underwriter(s) and create file documentation in relevant systems for new accounts using information provided in applications.

• Provide a thorough analysis and underwriting recommendation to the Underwriter when decisions exceed assigned authority.

• Offer clear instructions to Support Staff regarding policy changes, renewals, and quote entries.

• Act as a liaison between partner departments to resolve issues that may arise at a policy level (billing, collections, premium audit, risk control, etc.).

• Independently seek agency engagement to retrieve missing information or clarify policy requirements.

• Cultivate a collaborative working relationship with assigned underwriters to achieve KPI metrics.

• Identify risks that necessitate reinsurance and risk control services.

• Actively contribute to the review and analysis of the portfolio to ensure progress towards key business objectives.

⛳️ Requirements

• High school diploma or equivalent.

• Associate or bachelor’s degree in a related field is preferred but not mandatory.

• Completion of or progress towards CIC or AU designations.

• Preferred 3 years of experience in commercial property and casualty insurance.

• Knowledge of coverage forms and endorsements used in policy construction.

• Efficiently use internal tools, resources, and administrative systems (Risk Selection & Line of Business Manual, Reference Connect, Guidewire, LC360, etc.) for effective decision-making.

• Stay updated on underwriting strategies, regulations, and trends for the assigned territory to make informed underwriting decisions.

• Be solution-oriented.

• Strong commitment to quality.

• Excellent time management skills, enabling the ability to meet deadlines and effective dates.

• Display adaptability and flexibility to accommodate customer needs.

• Ability to establish a high level of trust with both internal and external customers.

• Demonstrate the ability to apply knowledge to proactively solve issues and think analytically.

🏝️ Benefits

• Annual incentive compensation.

• Medical, dental, vision, and life insurance.

• Accident, critical illness, and short-term disability insurance.

• Retirement plans with employer contributions.

• Generous time-off program.

• Programs designed to support employee well-being and financial security.