Commercial Associate Underwriting Specialist

Commercial Associate Underwriting Specialist

Requirements

• Associates Degree in Business, Finance, or a related field or equivalent experience
• Generally, a minimum of 14 years of experience in Underwriting or a related field
• Expert knowledge of coverage, policy forms, provisions, workflows, and systems within the assigned territory/unit
• Demonstrates analytical, risk assessment, and problem-solving skills
• Maintains knowledge of company policies and industry laws and regulations
• Excellent interpersonal and communication skills

Responsibilities

• Leads comprehensive reviews and evaluations of underwriting applications, ensuring they align with Company policies and underwriting guidelines
• Collaborates with underwriters and brokers/agents to obtain additional information and clarify application details
• Analyzes relevant data, including financial statements, property valuations, and loss histories to assess risk exposure
• Leads the preparation and organization of underwriting files
• Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations
• Compiles and analyzes reports on risk evaluations, policy statuses, and portfolio performance for underwriters and management
• Underwrites new and renewal policy transactions within written authority
• Enters and audits policy information on an assigned product, territory and/or agency in accordance with template rules
• Reviews premium and loss data on an individual account as part of renewal underwriting, change underwriting, or mid-term underwriting
• Orders, evaluates, and takes appropriate action on required reports, endorsement requests, service requests, and complex correspondence
• Research and respond to complex questions from brokers/agents
• Responsible for providing information to Processing that is needed to issue policies and endorsements on a timely basis
• May issue, process or code transactions
• Oversees entry/processing to ensure data integrity and to avoid potential systemic issues
• Leads various departmental initiatives, including updates and enhancements to forms and interfaces
• May lead the work of others, provide guidance to less experienced staff, and serve as a resource to other functional areas
• Performs other duties as assigned

Preferred Qualifications

• Beginning or continuing progress toward and/or the completion of a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS), or Associate of Risk Management (ARM)