Acuity

  • Commercial Underwriter (Experienced)

    Job Locations US-WI-Sheboygan
    Job ID
    2018-1948
    Category
    Commercial Lines Underwriting
  • Overview

    Acuity is seeking an experienced Commercial Lines Underwriter to select, retain and price commercial insurance risks while conforming to established underwriting policies, practices and standards. The Commercial Lines underwriter provides counsel, training and assistance of a highly technical and professional nature on all lines of commercial insurance. In addition, the Commercial Lines Underwrter works with a specific group of agents, as assigned, in the pursuit of a profitable, growing book of business.

    Responsibilities

    ESSENTIAL FUNCTIONS:

    • Reviews requests for quotations and new applications for the commercial lines of insurance.  Obtains needed underwriting information, analyzes all available facts, and makes sound and consistent underwriting decisions, in accordance with the company's underwriting policies, practices, and standards.
    • Reviews renewal business, obtains updated or additional information as needed, and makes sound and consistent decisions as to whether renewal is to be offered, and if it is at what price.
    • Reviews and monitors in-force business as occasioned by requests for changes, losses, coverage additions and deletions, and other activity.  Ensures that the risk continues to be acceptable in accordance with Acuity's underwriting standards and practices. 
    • Encourages and assists in the production of profitable commercial lines business by maintaining excellent working relationships with agents, the Sales Department, and other Acuity personnel.
    • Recommends additional coverages, lines of insurance, and policy amendments which will serve to make Acuity's insurance program more responsive to the customer's needs.
    • Rejects business which does not meet Acuity's underwriting standards and does not offer a potential for profit.  Communicates unfavorable underwriting decisions and the reasons for such decisions in such a way as to preserve and enhance good agency relationships.
    • Prices commercial lines business at a level which is adequate and as competitive as possible for the risk involved.
    • Authorizes the issuance of quotes, policies, and endorsements to policies which are technically correct, in accordance with Acuity's rule, rate and form filings, and are responsive to the customer's needs.
    • Places property and casualty reinsurance in accordance with the companies guidelines.
    • Studies insurance policies, manuals, portfolios, rating plans, and periodicals so as to enhance his knowledge of the commercial lines of insurance and to keep abreast of the current happenings in the insurance industry.
    • Visits agents in his/her assigned territory in order to foster efficient working relationships, gain familiarity with the market available to the agent and to Acuity, and to assist the agent in identifying risks with Acuity would like to write.
    • Maintains quality and quantity of work at prescribed departmental standards.
    • Coordinates with loss control to improve risks.
    • Assists in the training of Underwriting trainees.
    • Regular and predictable attendance.
    • Performs other duties as assigned.

    NON-ESSENTIAL FUNCTIONS:

    • Recommends additional coverages, lines of insurance, and policy amendments which will serve to make Acuity’s insurance program more responsive to the customer's needs
    • Assists in the training of Underwriting trainees.

    Qualifications

    EDUCATION:

    A college degree from an accredited institution or equivalent experience. CPCU, CIC or similar insurance designations preferred.

     

    EXPERIENCE:

    At least five years experience as a commercial underwriter

     

    OTHER QUALIFICATIONS:

    • Ability to underwrite large, complex commercial lines accounts
    • A high level of expertise in the areas of rating programs, coverage laws, and regulations
    • Demonstrates the ability to be innovative in suggestion alternative in pricing and coverage
    • Possesses a strong ability to communicate, both orally and in writing

     This position is classified as exempt

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