Underwriter, Small Business - Package Lines

The salary range for this job posting is $53,787.00 - $107,944.00 annually + bonus + benefits

The above represents the salary range for this job requisition. Ultimately, in determining your pay and job title, we'll consider your location, education, experience, and other job-related factors. Your recruiter can share more information about the specific salary range during the hiring process.

Encova Insurance has an immediate opening for a Commercial Lines Underwriter. In this role, you will have the ability to work a hybrid schedule in our Columbus, Ohio office or remote from Michigan. Ideal candidates will have underwriting experience with Package Lines and Workers' Compensation.

We may hire a senior level depending on candidate qualifications. (compensation shown is inclusive of the non-senior and senior level)

This role will report to a Regional Vice President, Commercial Lines.

Are you a Referral?

If you know a current Encova Insurance associate and would like to apply as a referral, please encourage them to submit your referral information before you submit your application. You will receive an email with a direct URL link to the Job Posting of interest. Applying through this URL link will create your referral relationship for our Talent Acquisition Team.

Unique residence requirements are listed in each job posting, please review closely for details.

Encova is only able to employ associates who reside and work within specific U.S. states. Our current policies are based on the laws in states in which we are registered for payroll. Our current footprint includes:

Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, Wisconsin.

JOB OBJECTIVE:

The Underwriter, Small Business’s objective is to review routine risks, determine acceptability, and successfully write profitable business accounts. The underwriter, within designated authority, reviews insurance applications to evaluate, classify and rate each risk to determine acceptability, coverage and pricing.  The underwriter is responsible for the financial performance of the assigned book of business and is expected to achieve profitable retention and growth.  The underwriter is focused on taking action to achieve results that positively impact sales and profitability.

ESSENTIAL FUNCTIONS: 

1. Determine the acceptability, quality, pricing, profitability and opportunity for new and existing business.

2. Complete thorough risk analysis on designated accounts using appropriate Encova, NCCI, ISO and industry rules, policies, procedures, and guidelines, etc.

3. Underwrites and assesses risk for routine, small business renewals and new business items. 

4. Uses the predictive model for straight through processing of a high volume of accounts.

5. Utilizes Encova systems to transact requests and endorsements. 

6. Communicates with agents electronically through internal Encova systems. 

7. Identify, create and initiate new business opportunities within assigned book of business.

8. Gather and analyze information necessary to make an accurate evaluation of risk.

9. Determine appropriate pricing based on risk exposures, risk quality, loss potential and coverage provided.

10. Utilize available resources including company underwriting guidelines, business unit strategies, and consultations with others to ensure adequate understanding of risk exposures.

11. Prepare proposals to producers, including negotiation of terms and conditions.

12. Ensure the proper issuance of policies, certificates, filings and notifications.

13. Seek the guidance of management on risks exceeding assigned authority levels.

14. Effectively utilize industry rules and guidance to ensure proper policy construction

15. Identify underwriting issues; recommend and develop plans for problem resolution and implement where appropriate.

16. Manage existing and prospective accounts by actively participating in account renewals, new business presentations as needed and discussion with agents.

17. Participate in monitoring and analyzing performance of assigned agents; initiate actions and understand downstream impact of alternatives.

18. Serve as a resource for other team members and units.

19. Apply discretionary pricing appropriately based on the account exposures, predictive model indications and letter of authority.

20. Communicate all underwriting decisions or changes on coverage, limits, exposures and/or pricing, discussing alternatives with agents as needed.

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