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Associate Underwriter

Employer
Canal Insurance Company
Location
Greenville, South Carolina
Salary
Competitive Salary + Bonus + Fantastic Benefits
Closing date
Mar 14, 2022

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Category
Underwriting
Job Type
Full Time
Career Level
Entry Level

Job Details

About Canal Insurance

Canal Insurance Company specializes in insurance for commercial trucking and specialty transportation operations. Canal was founded in 1939 and is located in Greenville, South Carolina. At Canal, we recognize that our success would not be possible without the hard work and dedication of our employees. We know that happiness and productivity go hand in hand, and to that end, we consciously cultivate a culture that enables us to recruit and retain the very best talent in the business.

Associate Underwriter

Job Summary: The Associate Underwriter position is responsible for providing support, clerical administration, and underwriting assistance to the underwriting business unit.

Major Accountabilities:

  1. Accept, decline or modify offerings submitted by producers.
  2. Responsible for agency management within assigned territory including developing action plans for achieving individual agency objectives.
  3. Prepare underwriting reports for higher level authority determinations.
  4. Establish and maintain diary system to ensure appropriate underwriting throughout a policy term.
  5. Assist with mid-term policy reviews.
  6. Communicate with agents to obtain additional information regarding risks and support agent needs as necessary.
  7. Confirm all new and renewal policies in accordance with written department procedures.
  8. Examine loss experience and production of producers within assigned authority and take appropriate actions.
  9. Perform other duties as assigned by Management.

Education/Training Requirements: Bachelor’s degree required. Insurance industry/Underwriting experience preferred. 

Experience/Specialized Skills:  Intermediate computer skills (word processing, databases, spreadsheets, Internet, e-mail) required.

Special Considerations

Physical Requirements: Constant use of vision, hearing, and communication (oral and written in person and via telephone).  Frequent concentration, standing, walking, handling, reaching, and grasping.  Occasional bending, kneeling and lifting (up to 25 lbs.).  Heavy use of computer and office equipment.

Additional Requirements:  Occasional travel may be required.  Periodic work outside of standard business hours or on weekends may be required.

Company

Canal Insurance has been dedicated to serving truckers from its early beginnings. In 1933, William R. Timmons established an insurance agency, which specialized in truck insurance. For nine years, the Wm R. Timmons Agency labored to place long haul business with responsible insurers. But mortality among the companies was alarming. In eight years, four major companies failed. During that time, Bill Timmons and T.J. Mims, who joined the agency in 1938 and would later become President of Canal, watched diligently for warning signs and moved their client's business before each collapse. When these Insurance company failures became more than an inconvenience to Timmons and Mims, a plan was conceived to acquire a company to underwrite the agency's growing book of truck business. Meanwhile, Canal Insurance was founded in 1939 in Columbia, South Carolina to insure automobiles financed by Canal's banking parent and in 1942, Timmons acquired the virtually inactive insurer, moved it to Greenville, South Carolina, and began to underwrite commercial trucking operations. Today, over seventy years later, we are still dedicated to commercial auto, which accounts for over 85% of Canal's written premiums. Originally licensed in one state with $17.5 thousand in surplus, Canal is now licensed in 46 states with over $400 million in policyholder surplus. Rated A- by A.M. Best, Canal Insurance Company continues to grow through the knowledge and commitment of our employees and the independent insurance agents who represent us.

Company info
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