Underwriter

Position Description: The Underwriter assesses insurance submissions to determine the terms and conditions of coverage offered.

Essential Duties and Responsibilities:

  • Work independently to process new and renewal business submissions.
  • Analyze risk to determine terms and conditions of coverage.
  • Develop underwriting arguments to explain underwriting decisions.
  • Interpret and analyze claims files.
  • Works efficiently with the underwriting team to meet turnaround goals.
  • Communicates with brokers and develops strong working relationships.
  • Marketing-visit clients and explain underwriting products and appetite.
  • Demonstrate excellent knowledge of product.
  • Follow all procedures and guidelines to provide insurance terms to clients.
  • Assists the support staff in resolving problems and questions.

Competencies:

  • Ability to write reports and risk analysis.
  • Effectively present information and answer questions from groups of managers, clients and customers.
  • Calculate figures and amounts such as discounts, interest, commissions, proportions and percentages.
  • Solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
  • Interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
  • Read and understand financial statements, construction contracts, applications, computer printouts, rating manuals and other insurance related materials.

Education and Experience:

  • Bachelor’s degree in business, accounting, finance, economics or a related field.
  • Three or more years experience in a commercial insurance background is required.

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