This position will work full-time in our corporate offices in Charleston, West Virginia.
The Senior Underwriter , within designated authority, reviews insurance applications to evaluate, classify and rate each risk to determine acceptability, coverage and pricing. The Senior Underwriter is responsible for the financial performance of an assigned book of business and is expected to achieve profitable retention and growth. The position’s objective is to seek out profitable business opportunities, review risks and determine acceptability. The Senior Underwriter is responsible to take action to achieve results that positively impact sales and profitability.
The items listed are essential functions of the position unless otherwise stated
Determines the acceptability, quality, pricing, profitability and opportunity for new and existing business.
Completes thorough risk analysis on designated accounts using appropriate BrickStreet, NCCI, state specific rating bureau and industry rules, policies, procedures, guidelines, etc.
Identifies, creates and initiates new business opportunities within assigned book of business.
Gathers and analyzes information necessary to make an accurate evaluation of risk.
Determines appropriate pricing based on risk exposures, risk quality, loss potential and coverage provided.
Utilizes available resources including company underwriting guidelines, business unit strategies and consultations, with others to ensure adequate understanding of risk exposures.
Prepares and participates in proposals to producers, negotiating terms and conditions.
Ensures the proper issuance of policies, certificates, filings and notifications.
Effectively utilizes federal and state specific rules and guidance to ensure proper policy construction.
Seeks the guidance of management on risks exceeding assigned authority levels.
Identifies underwriting issues; recommends and develops plans for problem resolution and implements where appropriate.
Manages existing and prospective accounts by actively participating in account renewals, new business presentations and discussion with agents.
Participates in monitoring and analyzing performance of assigned agents; initiates actions and recognizes consequences of alternative actions.
Mentors other underwriters, underwriting trainees and/or technicians to achieve profitable retention, growth and customer service standards.
Develop and lead underwriting training sessions, as assigned.
Participate in the underwriting quality review process as an adjunct reviewer.
Serves as a resource for other team members and units.
Responsible for the account management which includes the coordination of service delivery of the various disciplines within the team.
Nonessential function: other duties as assigned.
Critical thinking: Ability to assess an individual situation and select applicable rules from an array of options, resulting in the most appropriate and sustainable decision.
Thorough knowledge of state specific Workers’ Compensation laws and rules and their application.
Thorough working knowledge of policy and procedures regarding risk administration and risk management; underwriting and loss control.
Thorough knowledge of the insurance industry and the business environment in which it operates in order to develop an effective business strategy and remain technically current.
Thorough understanding of business exposure calculations, classifications, experience rating or other plan modifications.
Ability to develop and implement account, territorial, producer and book strategies to acquire/retain business.
Ability to work effectively in a team environment.
Ability to use logic and reasoning to identify strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Ability to identify complex problems and review related information to develop and evaluate options and implement solutions.
Ability to make sound decisions after considering all facts, potential risks, customer needs and alternative solutions.
Ability to initiate and build relationships and tailor services to meet customer needs.
Ability to run an effective meeting; ensuring an agenda is created, appropriate materials are ready in advance of the meeting, the meeting stays on task, the clients issues are addressed, and follow up action plans are noted.
Ability to present ideas and information to individuals and groups in a clear, concise, influential, organized and diplomatic manner and address concerns or needs.
Ability to adjust priorities based on changing situations.
Ability to manage multiple projects concurrently while meeting established guidelines.
Bachelor’s degree from an accredited college or university required. Degrees in business administration, finance, economics, insurance, accounting, risk management, engineering, actuarial science or other business related areas are strongly preferred.
Five years full time or equivalent part-time paid insurance experience with a major insurance provider.
Demonstrated significant underwriting experience may substitute for educational requirements.
Preference may be shown for applicants with Workers’ Compensation underwriting experience.
Preference may be shown for applicants with CPCU and/or ARM designation(s).
Property and Casualty Producer’s License required.
Applications must be received by 5 PM, Friday, October 4, 2013.
Brickstreet Mutual Insurance - 13 months ago