Production Underwriter

Overview

The Production Underwriter is part of the commercial property sales and marketing department at AmTrust. In this role, you will travel to different insurance agencies to develop relationships with the agents and promote AmTrust’s products and services. Once you have established a contract with an agency, you will work with the underwriting department to analyze the financial risk of applicants that come in through that agency and determine if they qualify for coverage. This role will service new, and renewal accounts for agents and producers assigned within the territory in compliance with company underwriting, authority, and pricing standards. You often need to review loss history reports, credit checks, and independent inspections. Maintains a solid understanding of AmTrust’s mission, vision, and values. Upholds the standards of the AmTrust organization. 

 

Those within 50 miles of an AmTrust office are required to abide by a hybrid schedule.

Responsibilities

Develop strong business relationships with key agents and provide underwriting guidance to the agents.

Write and retain a profitable book of business through solid risk analysis, pricing and servicing. Maintains compliance with state filings and adheres to corporate underwriting and pricing guidelines. Operate within written authority grant and makes referrals to Home Office Underwriting as required

Collaborates closely with territory team. Keep peers and Territory Management informed of all issues and activity

In collaboration with Territory Management, develop and implement the territory business plan and share accountability with team in meeting territory goals

Select, price, and develop coverage terms for commercial lines accounts to achieve profitable underwriting results and assist with providing leadership, support, and coaching for the underwriting function

Manage a territory of independent agents to ensure that profitability and growth objectives for the company are being met

Review new business applications to evaluate the degree of risk involved, review applications for completeness (contact agents for missing/incomplete information), and accept or decline risks based on the company's underwriting policies

Maintain and establish a good working relationship with agents and communicate underwriting decisions to agents and insureds

Coach and collaborate with the team to develop, manage and maintain outside client relationships, which will include traveling in the territory to meet with agents, producers and nonprofit associations or organizations. Actively plan and participate in industry events as required such as but not limited to agency or association conventions

Provides professional, timely and courteous communication and service to external clients and cross departmental staff to successfully resolve issues pertaining to policyholders and territory producers

Provides the pertinent information and guidance to support staff required to process coverage requests in accordance with service guidelines

Collaborates with territory team on reports and update databases as required

Other job duties may include developing underwriting guidelines for your company and training new staff

Qualifications

• Bachelor’s Degree with a background in insurance or equivalent experience
• At least 5 years of underwriting and marketing experience at a company or agency level with a minimum of 5 years of underwriting experience should be in the commercial lines sector of insurance
• Demonstration of self-development through the attainment of professional insurance designations, CPCU, ARM, PLU, etc.
• CPCU or CIC designation preferred, or the equivalent combination of education and experience
• Ability to create business opportunities by demonstrating excellent underwriting skills and product knowledge. Must possess a value-added service mentality

• Demonstrated experience with and expert technical knowledge of commercial casualty, property, automobile, workers compensation and umbrella insurance coverage and risk selection, methods and pricing.
• Demonstrated ability to interpret and analyze data and make an informed, calculated risk decision

• The expectation is this employee will travel 2 to 3 days per week to visit agents in the designated territory.

Preferred:

• 10 years of commercial line property and casualty experience
• Ability to make sound contributions to tactical and strategic planning
• Ability to train, coach and mentor individuals of various backgrounds within area of expertise

 

This job description is designed to provide a general overview of the requirements of the job and does not entail a comprehensive listing of all a