Construction Underwriter - Commercial Insurance

 

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. 

 

 

•    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.

 

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

 

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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