Underwriting Associate

Job Description:

• Assist with underwriting insurance risks in accordance with the business plan and delegated authority to meet business objectives
• Ensuring compliance with internal and external regulations and guidelines
• Provide technical underwriting and administrative support to the underwriting staff
• Gather information, prepare file documentation, collaborate with internal partners, and assist underwriters with agent interactions
• Analyze underwriting information to triage, prepare and respond to quotes, renewals and policy endorsements or inquiries
• Apply underwriting guidelines as published and ensure compliance with all company filings, rules, and regulations
• Underwrite and process all endorsement requests within assigned letter of authority statement
• Independently executes pricing strategy and documents pricing decisions to meet regulatory requirements on assigned accounts
• Proactively identifies and executes opportunities to upsell and cross sell UFG coverages and products
• Documents assigned files with quality underwriting information as aligned with our business strategy
• Screen new business submissions for assigned underwriter(s) and create file documentation in all appropriate systems for new accounts using information provided in applications
• Provides a comprehensive analysis and underwriting recommendation to the Underwriter when decisions are beyond assigned authority
• Provides clear direction to Support Staff for policy changes, renewals and quote entry
• Works as a liaison between partner departments to resolve issues that may arise at a policy level (billing, collections, premium audit, risk control etc.)
• Independently seeks agency engagement to obtain missing information or clarify policy needs
• Fosters a collaborative working relationship with assigned underwriters to partner in achieving KPI metrics
• Identifies risks that require reinsurance and risk control services
• Actively assists with the review and analysis of the portfolio to ensure progress toward key business objectives

Requirements:

• High school diploma or equivalent
• Associate or bachelor’s degree in a related field preferred but not required
• Completion of or working towards CIC or AU
• 3 years of commercial property and casualty insurance experience preferred
• Knowledge of coverage forms & endorsement used in policy construction
• Efficiently utilize internal tools, resources, and administrative systems (Risk Selection & Line of Business Manual, Reference Connect, Guidewire, LC360, etc.) for effective decision making.
• Stay current on underwriting strategy, regulations & trends for assigned territory to make effective underwriting decisions.
• Be solution oriented.
• Strong commitment to quality.
• Strong time management skills with the ability to meet deadlines and effective dates.
• Display adaptability & flexibility to meet customer needs.
• Ability to establish a high degree of trust for internal and external customers.
• Demonstrate ability to apply knowledge to solve issues proactively and think analytically.

Benefits:

• Annual incentive compensation
• Medical, dental, vision & life insurance
• Accident, critical Illness & short-term disability insurance
• Retirement plans with employer contributions
• Generous time-off program
• Programs designed to support the employee well-being and financial security.