Skip to main content

Business Development Underwriter Workers' Compensation (Maryland)

Employer
ICW Group
Location
Baltimore, Maryland
Salary
Not Specified
Closing date
Nov 13, 2024
View moreView less
Category
Underwriting, Workers' Compensation
Job Type
Not Specified
Career Level
Not Specified
Workplace
In-Office

Job Details

Are you looking for more than just a job? Do you want to have a voice and feel a sense of belonging? At ICW Group, we hire innovative people who consistently adapt, grow and deliver. We believe in hard work, a fun work environment, and embracing creativity that only comes about when talented people collaborate to develop solutions. Our mission to create the best insurance experience possible.

Headquartered in San Diego with regional offices located throughout the United States, ICW Group has been named for seven consecutive years as a Top 50 performing P&C company offering the stability of a large, profitable and growing company combined with a small-company entrepreneurial spirit. Our purpose-driven ethos provides team members with opportunities to contribute, develop, and belong.

Be the CEO of Your Territory!

As a Business Development Underwriter at ICW Group you are the main point of contact for agents and brokers. Overseeing both underwriting and marketing initiatives ensures you grow to become your agents' business partner. You decide how to go about fostering relationships and building your book of business.

You will have the opportunity to establish collaborative relationships with agencies and producers to understand the external marketplace and underwrite within established guidelines. This role will evaluate routine business for risk acceptability, matching price to exposure, loss frequency, and severity for profitability, and rating plans/modifications for renewal retention. This role exists to ensure that the Company's marketing and producer management objectives are met, through the generation and maintenance of a profitable book of business.

WHAT YOU WILL DO

Drives and manages a profitable and growing book of business.

  • Sells, services, and maintains a producer force that can sell and control a profitable and growing book of business.
  • Monitors production and quality of assigned producers.
  • Drives profitable sale of the Company's products including increasing sales of existing products and introducing new products as they are developed.
  • Develops the assigned producer group to improve the quality and quantity of the business we obtain from assigned producers.
  • Keeps alert to industry changes, including WCIRB/NCCI rulings, forms, and coverage changes.

Prospects and develops new business.

  • Prospects and prequalifies new producers to determine working relationship.
  • Appoints new quality producers; sets and monitors production expectations with each Agency.
  • Attains a thorough knowledge of the geographic territory assigned with regard to production sources, competitor activity, and economic and demographic idiosyncrasies.
  • Produces marketing research to help identify opportunities for management, product enhancements, new distribution channels, and new geographic markets with growth potential.
  • Utilizes underwriting authority to effectively price Company's products.
  • Accepts or rejects simple to slightly complex risks, evaluating all risk characteristics (operations, financials, management, employees, prior experience, etc.) as compared to the average in its class and price for profit within Company Underwriting guidelines.

Delivers superior customer service through collaborative relationships.

  • Provides productions support through producer visitations and by participating in underwriting and production presentations.
  • Provides personal assistance to agents and insureds through regular visits to outside locations such as producer's offices.
  • Maintains communication with customers through the use of Company technology.
  • Communicates decisions and resolve agent/customer concerns promptly.
  • Presents Agency Management solutions to agency principals and ICW management team.
  • Serves as the primary Company contact and representative with existing and prospective producers.

WHAT YOU BRING TO THE ROLE

  • Bachelor's degree from four-year college or university with a major or emphasis in Business, Accounting, Statistics, or related field or equivalent combination of education and experience.
  • Minimum 1 year of related experience and/or training required.
  • Current driver's license required.

    KNOWLEDGE AND SKILLS

    • Demonstrated ability to service the Company's clients and maintain relationships with production sources.
    • Ability to apply fundamental Underwriting concepts, practices, and procedures in area of specialization.
    • Ability to read and interpret documents such as submissions, loss control reports, and standard policy form/endorsements.

    PHYSICAL REQUIREMENTS

    Remote environment – no specific or unusual physical or environmental demands and employees are regularly required to sit, walk, stand, talk, and hear. Requires travel, usually limited to automobile but occasional air travel is required. Requires regular visits to outside locations such as producer's offices.

    WORK ENVIRONMENT

    This position operates in a remote environment and requires the frequent use of a computer, telephone, copier and other standard office equipment.

    This is a remote/field position located in Maryland.

    COMPENSATION

    The current salary range for this position is $86,247.55 to $145,450.54. This range is exclusive of fringe benefits and potential bonuses. If hired at ICW Group, your final base salary compensation will be determined by factors unique to each candidate; including experience, education, and location of the role and considers employees performing substantially similar work.

    WHY JOIN ICW GROUP?

    • Challenging work and the ability to make a difference
    • You will have a voice and feel a sense of belonging
    • We offer a competitive benefits package, with generous medical, dental, and vision plans as well as 401K retirement plans and company match
    • Bonus potential for all positions
    • Paid Time Off with an accrual rate of 5.23 hours per pay period (equal to 17 days per year)
    • 10 paid holidays throughout the calendar year
    • Want to continue learning? We'll support you 100%

    ICW Group is committed to creating a diverse environment and is proud to be an Equal Opportunity Employer. ICW Group will not discriminate against an applicant or employee on the basis of race, color, religion, national origin, ancestry, sex/gender, age, physical or mental disability, military or veteran status, genetic information, sexual orientation, gender identity, gender expression, marital status, or any other characteristic protected by applicable federal, state or local law.

    #LI-KK1

    #LI-REMOTE

    Company

     

    ICW Header

     

    Headquartered in San Diego, ICW Group is a multi-line insurer that provides coverage solutions to businesses through a network of independent agents and brokers. ICW Group offers three types of insurance—workers' compensation, earthquake and auto insurance. Known for meeting the needs of its policyholders, ICW Group prides itself on providing service that is truly customer-centric. In recent years, ICW Group has earned a reputation for helping policyholders achieve fewer and less costly claims. The company accomplishes this through extensive risk management expertise, highly proactive claims handling, and aggressive fraud monitoring.

    At ICW Group, our focus and passion is offering great insurance products, services and experiences. We honor our commitments to our customers, our communities and each other to ensure that you have a better today and a safer tomorrow. With our home office in sunny San Diego, CA and with 10 branches across the U.S., ICW Group has over 40 years of experience in property and casualty insurance. Our passionate and creative team members are the power behind our successful business. 

    A strategic investment in innovation today is critical to our success in the future. Our leaders welcome people who are eager to bring the power of innovation, the willingness to try something different or adopt a new approach or technology as we evolve to meet the needs of our customers and agents. Our culture fosters experimentation in models, processes, and products in an effort to move forward and help shape not only ICW Group’s future but the insurance marketplace as a whole. 

    ICW Group is committed to the satisfaction of our customers and recognizes that satisfied, contributing Team Members are the foundation of a superior customer experience. With a team of 880, our enterprise is sized just right to provide broad challenging job responsibilities in a more personal environment. An important part of this personal approach to your success is our commitment to health and wellness. We provide a comprehensive program to help you maintain your total health because we believe that being at your personal and professional best is important to you and your family. 

    Company info
    Website

    Get job alerts

    Create a job alert and receive personalized job recommendations straight to your inbox.

    Create alert