Job Description
Commercial Underwriter
Position Overview
The Commercial Underwriter is responsible for underwriting new and renewal business processing endorsements and re-underwriting existing commercial accounts. This role involves maintaining strong relationships with agency partners supporting growth and profitability objectives and ensuring underwriting decisions align with established guidelines.
Responsibilities
- Review incoming applications binders and correspondence to determine compliance with underwriting criteria.
- Approve or decline risks in accordance with guidelines.
- Communicate with agency partners regarding new business renewals endorsements rates inspections and underwriting recommendations.
- Process rate and underwrite new submissions endorsements and re-underwritten accounts.
- Support underwriting leadership by suggesting improvements to procedures guidelines and manuals and assisting with training initiatives.
- Deliver presentations on underwriting topics and participate in agency meetings when needed.
- Assist in achieving growth and profitability goals by analyzing agency performance recommending action plans and participating in reviews.
- Provide training to agency personnel on products rating methods and systems.
- Contribute to product development and testing initiatives.
- Perform additional duties as assigned.
Qualifications
- Bachelors degree and/or relevant business experience (minimum of 2 years preferred).
- Professional designations or coursework in commercial underwriting (e.g. AINS) preferred but not required.
- Strong analytical communication and interpersonal skills.
- Proficiency in commercial lines underwriting procedures and insurance policy forms.
- Ability to work independently with minimal supervision.
- Strong computer skills and accuracy in data processing.
Compensation Package
- Compensation: Between $70K-$100K (based on experience).
- Competitive benefits package paid time off professional development opportunities etc.
Disclaimer: Please note that this job description may not cover all duties responsibilities or aspects of the role and it is subject to modification at the employers discretion.
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