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E&S Brokerage Renewal Underwriter (Hybrid)

Selective Insurance
Scottsdale, United Statesfull_timeVerifiedPosted 21 May 2024
💰 $98,000/yr($62,000/yr$98,000/yr)

About the role

At Selective, we don't just insure uniquely, we employ uniqueness. 

 

Our Business  

Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong, consistent financial performance for nearly 100 years. Selective's unique position as both a leading insurance group and an employer of choice is recognized in a wide variety of awards and honors, including listing in Forbes Best Midsize Employers in 2023 and certification as a Great Place to Work® in 2023. 

Working at Selective 

At Selective, we don't just insure uniquely – we employ uniqueness. Employees are empowered and encouraged to Be Uniquely You by being their true, unique selves and contributing their diverse talents, experiences, and perspectives to our shared success. Together, we are a high-performing team working to serve our customers responsibly by helping to mitigate loss, keep them safe, and restore their lives and businesses after an insured loss occurs.  

Selective Insurance offers a total rewards package that includes a competitive base salary, incentive plan eligibility at all levels, and a wide array of benefits designed to help you and your family stay healthy, achieve your financial goals, and balance the demands of your work and personal life. These benefits include comprehensive health care plans, retirement savings plan with company match, discounted Employee Stock Purchase Program, tuition assistance reimbursement and programs, and paid time off plans. Additional details about our total rewards package will be provided during the recruiting process. 

 

  • Manage, underwrite and drive MUSIC Brokerage renewal business retention and growth in accordance with company goals. Gather, analyze and evaluate risk exposure for assigned renewals.  submissions that fall outside agent authority.
  • Document through appropriate risk documentation and work within stated authority to provide quotes that support our growth and profitability goals.
  • Demonstrate knowledge and understanding of coverage forms, rating plans and guidelines in the selection and pricing of individual risks.
  • Evaluate risk hazards and ensure adequate pricing of individual risks through proper classification, accuracy of information and adherence to company underwriting standards and pricing philosophy.
  • Determine appropriate solutions for General agents and take necessary measures to obtain information needed to resolve inquires/transactions efficiently.
  • Work in unison with managing General Agents and other departments to grow and maintain a profitable book of business.
  • Work with renewal staff supporting company goals of premium and retention.
  • Provide guidance to General Agents and other departments regarding various underwriting information.
  • Effectively communicate underwriting decisions and appetite to General agents within assigned territory. Reinforce the ease of doing business with MUSIC.
  • Develop, build, and maintain collaborative working relationships with internal and external customers.
  • Work collaboratively with the the MUSIC Brokerage team to provide a seamless experience for our agency partners. Participate in the development of team goals and work diligently to achieve them.
  • Conduct continuous profit and growth analysis by territory and agency as assigned making recommendations when necessary to improve outcomes.
  • Monitor premium retention by General agency and take action when necessary to achieve Music Brokerage team goals. with the use of electronic reporting tools and make recommendations.
    Effectively manage multiple workflows to ensure renewal process is followed providing excellent customer service to our General Agents while maintaining our Underwriting philosophy for maximum profit. submissions are resolved within SLA (Service level agreement) and that open quotes are handled efficiently to bind new business accounts.
  • Enhance knowledge of industry information, products, and competitors. Provide technical advice and mentorship to lower level associates and other functional areas.
  • Provide coverage and systems training to both internal and external customers.

Requirements and Qualifications:

  • Proficient in usage of all supplied desktop tools, including the automated underwriting and email systems.
  • Ability to effectively communicate with internal and external customers/peers.
  • Ability to adapt to change as the company moves forward in its strategic vision.
  • Must have valid state-issued driver’s license in good standing and be able to drive an automobile.
  • College degree preferred
  • 1-3 years of underwriting experience preferred.
  • Strong underwriting curiosity, customer service and organizational skills required.

 

The expected starting salary range

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Company

Selective Insurance

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