Commercial Underwriter

Commercial Underwriter

The James Allen Companies Inc
Published
April 15, 2019
Location
Maryland, MD
Category
Job Type

Description

The Commercial Underwriter I is responsible for communicating with the agency force on Commercial Line matters; underwriting commercial new, renewals and endorsement business; re-underwriting existing commercial line business; performing various duties relating to commercial lines; and developing sound agency and industry relations to achieve growth objectives within an assigned territory and agency plant.

Essential Duties

  • Reviews incoming correspondence, applications, and binders, determining if underwriting guidelines and criteria are met
  • Approves risks
  • Communicates with agents regarding all aspects of commercial lines including:
  • New business and renewals
  • Rates and rating
  • Endorsements and changes
  • Inspections, re-underwriting of business and recommendations
  • Approval of business * Processes, rates and underwrites incoming applications, endorsements and re-underwritten business
  • Assists the Underwriting Supervisor as needed, including:
  • Suggests changes to procedures, manuals and guidelines
  • Provides information for reports, meeting, and other company activities
  • Assists in commercial lines training * Presents to groups on commercial underwriting as required
  • Works to achieve growth objectives through the following:
  • Engages in ongoing development and analysis of the agency plant and relevant action plans
  • Recommends appropriate promotional programs and products
  • Monitors and reinforces the agency's commitment to goals * Contributes to the quality of the agency plant by training personnel on new and existing commercial products, the company's automated programs, rating methodology and procedures
  • Contributes to the profitability of the agency plant through the following:
  • Evaluates individual agency results and recommends necessary actions
  • Participates in applicable agency reviews
  • Implements review actions
  • Provides management with necessary action plans * Contributes to the underwriting/marketing efforts by obtaining and analyzing competitive products and programs
  • Motivates agency force as necessary to maximize production of profitable business
  • Reviews and comments on agency appointments and annually reviews existing agents
  • Assists in the development and testing of new products as assigned by the Underwriting Manager
  • Performs other related duties as assigned or directed

Basic Qualifications

  • Bachelor’s degree and/or a minimum of two (2) years’ equivalent business experience preferred.
  • AINS designation or other educational program related to commercial lines underwriting as approved by the commercial underwriting manager is preferred but not required
  • Proficient reading, writing, and grammar skills
  • Proficient mathematics skills
  • Proficient interpersonal relations and communication skills
  • Must demonstrate good working knowledge of commercial line underwriting procedures and insurance form information
  • Demonstrated ability to analyze information
  • Demonstrated ability to work independently with limited supervision
  • Sufficient typing and computer skills

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