Senior Commercial Lines Underwriter- Fremont Insurance

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Job Type:

Full time

 

Exempt/Non Exempt:

 

Salary

Job Description:

 

*In office training required at the Fremont, MI headquarters for the 1st week of employment.

This position is currently able to work remotely from a home office location (MI) for day-to-day operations unless occasional travel for meetings, collaborative activities, or team building activities is specified by leadership. This is subject to change based on amendments and/or modifications to the ACG Flex Work policy.

Sr. Commercial Lines Underwriter- Fremont Insurance

What you will do

Review, accept, decline or modify offerings submitted by producers for multiple/various commercial line coverage.  Evaluate risks according to location, physical and moral hazards, inspection reports, underwriting precedent and experience, ensuring compliance with underwriting rules, guidelines and company philosophy throughout the process.  Review information received regarding risks including inspection reports and credit reports and verify application data through the use of investigative letters, commercial inspections and/or personal observation.  Review inspection reports and claims for rating on acceptability status and recommend risk improvement as appropriate.  Initiate potential policy coverage or rating revision as a result of analysis and recommends and approves continuation, cancellation, non-renewal or rejection of applications or policies in accordance with established underwriting procedures, laws and judgment.

Exercise discretionary judgment when evaluating new or renewal high-value commercial underwriting application policies and evaluate the merits of each line of insurance based on current laws or level of underwriting expertise to accept or reject the risk presented.  Correspond with outside insurance companies, business organizations, governmental agencies, or other contacts to develop procedures or to properly evaluate risks.  Communicate and develop relationships with agents and producers and other insurance personnel to obtain further information, rate quotes or explain company underwriting policies. Manage portfolio to control the overall mix of accounts, profitability and take prompt action when necessary.

Train and educate agency staff on company products, services, processes and underwriting philosophy. Train, coach and serve as a technical resource to other underwriters. Provide mentorship that encourage individuals and the team to improve and accelerate performance.

Perform other duties as assigned.

Supervisory Responsibilities :

None

How you will benefit:

• A competitive annual salary between $79,000 - $110,000 with annual bonus potential based on performance

• ACG offers excellent and comprehensive benefits packages, including:

• Medical, dental and vision benefits

• 401k Match

• Paid parental leave and adoption assistance

• Paid Time Off (PTO), company paid holidays, CEO days, and floating holidays

• Paid volunteer day annually

• Tuition assistance program, professional certification reimbursement program and other professional development opportunities

• AAA Membership

• Discounts, perks, and rewards and much more

Required Qualifications (these are the minimum requirements to qualify)

Education (include minimum education and any licensing/certifications):

High School Diploma or equivalent

Experience:

• three years commercial insurance experience
• underwriting policies, procedures and practices
• working in a commercial underwriting environment
• inspection techniques related to commercial insurance
• working with mathematical concepts including fractions, ratios, statistics and probabilities

Knowledge and Skills:

• commercial insurance contracts and forms
• insurance laws as they relate to commercial underwriting
• company commercial insurance programs and products, underwriting rules and requirements
• processing procedures and rules
• ISO or similar bureau rating systems (Regional Operations)
• organization and planning
• negotiating, analyzing and problem solving
• independent decision making
• written communication skills to include reports and technical writing. 
• analyze and interpret commercial inspection
• provide work direction, guidance and training