Underwriter - Personal Lines
- Career Level
- Not Specified
Primary Duties and Responsibilities (details of the basic job functions):
Accepts, rejects or modifies new and renewal business for all Personal Lines with limited guidance to ensure a profitable personal book of business. Reviews risk acceptability to make subjective decisions based on underwriting guidelines; ensuring standards for state compliance regulations are met. Uses creativity and underwriting knowledge to engineer risks and retain business.
Responsible for managing a field of agents to achieve company growth and profitability targets. Develops on-going relationships with agents, conducts inbound and outbound calls with agents to discuss market appetite, quality of submissions and encourage profitable growth. Keeps agents updated on underwriting and/or product changes.
Manages a moderately complex to complex book of business to maximize profitability and growth. Reviews loss ratios and growth for agents when evaluating and making agency exceptions. Trains newer underwriters and is a resource within underwriting department.
Partners with Agency Performance Management team and Territory Managers to identify trends and patterns that might create problems and works with agents to correct.
Trains and educations agency staff on Company products, services, underwriting philosophy, etc.
Travels with Territory Sales Manager to different agent locations to develop agency partnerships.
- College level coursework in Business Administration, Insurance Risk Management or a related field or the equivalent in related work experience
- CPCU, IIA, LOMA or other insurance-related coursework
- Knowledge of applicable property/casualty/commercial insurance products
Works in a temperature-controlled office environment.
Required Qualifications (these are the minimum requirements to qualify):
Education (include minimum education and any licensing/certifications):
- High School Diploma or equivalent.
- Multi-state or sales environment to include independent agencies
- Underwriting policies, procedures and practices
- Property/casualty/commercial insurance terminology, contracts and forms
- Inspection techniques related to property/casualty/commercial insurance
- Support processing systems (i.e. IPM, Sales & Service Portal, PCMS or similar)
- Multi-state insurance regulations and practices
- ISO or similar bureau rating systems
Demonstrated ability to:
- Communicate effectively with others in a work environment and with policy holders, vendors and regulators
- Prepare and present unit activity reports and recommendations to management
- Perform independent decision-making
- Strong technical writing, analytical and problem-solving skills
The Auto Club Group offers a competitive compensation and benefits packages including a base salary with performance based incentives; medical/dental/vision insurance, pension, 401(k), generous time off, a complimentary AAA Membership and much more!