Small Commercial Lines Consolidation Underwriter - (howell, michigan)
Functional Area:
Underwriting SBU:
27102 :
Commercial Lines Other Position Type:
Full :
Time Education Required:
Bachelors Degree Experience Required:
3 :
5 Years Job Description Position Overview/
Summary:
Field Underwriters are responsible for driving the growth of Small CL business by underwriting new business across all lines and sizes of POS and Non:
POS accounts, within Small CL definition, and building and maintaining strong agency relationships, partnering with Agency staff and SCSMs.
The Field UW should work closely with and direct the activities of their UT partner(s), following established workflows, to ensure all policies are underwritten in the most efficient and effective manner while meeting service standards and performance goals, up through first renewal.
Responsibilities/
Essential Functions:
:
Lead the daily triage of new business with UT, including POS business.
:
Assess submissions, categorize, and direct UT on next steps to be taken based on assessment and categorization.
:
Quick Declines and how to communicate with Agent (ex.
Declination letter or phone call) :
Additional information needed for underwriting analysis :
Interaction with agency necessary to gather needed information in an organized manner :
Reports necessary to perform underwriting analysis :
Preparing and delivering quote proposal to agent :
Following up on open quotes :
Documenting underwriting decisions within standards and expectations in Underwriting systems, including ARF and CAAMS.
:
Ensure all submissions are effectively managed to reach decline or quoting status.
:
Sell opportunity for Specialty businesses on accounts being quoted :
Refer accounts as appropriate if additional authority is required.
:
Responsible for reviewing and responding to back end underwriting reviews and new business audits.
After these steps, the account responsibility falls to the Portfolio underwriter, although consultation between Field and Portfolio Underwriter is expected as required.
:
Clearly communicate appetite, declination reasons and coverage advantages to Agents to improve hit ratio :
Agency travel as needed to build and maintain strong relationships :
Partner with internal colleagues, mainly SCSMs, UTs and Renewal UW colleagues, to most effectively communicate difficult messages with Agent partners and on overall agency management Key Measures of Success :
New Business production (approx.
2 Million annually) :
UW profitability based on quality of referrals, quality of audits/ file reviews, and achievement of mix goals:
Service metrics, aligned with workflows :
Agency relationships as measured by agency feedback :
Hit and Yield ratios :
LOB and class mix targets Position Requirements Required Skills, Key Competencies and
Experience:
Strong underwriting skill and coverage knowledge; ability to make underwriting decisions on POS and CPP accounts up to 50,000 premium size Underwriting systems knowledge to doc Source:
.
Estimated Salary: $20 to $28 per hour based on qualifications.
Underwriting SBU:
27102 :
Commercial Lines Other Position Type:
Full :
Time Education Required:
Bachelors Degree Experience Required:
3 :
5 Years Job Description Position Overview/
Summary:
Field Underwriters are responsible for driving the growth of Small CL business by underwriting new business across all lines and sizes of POS and Non:
POS accounts, within Small CL definition, and building and maintaining strong agency relationships, partnering with Agency staff and SCSMs.
The Field UW should work closely with and direct the activities of their UT partner(s), following established workflows, to ensure all policies are underwritten in the most efficient and effective manner while meeting service standards and performance goals, up through first renewal.
Responsibilities/
Essential Functions:
:
Lead the daily triage of new business with UT, including POS business.
:
Assess submissions, categorize, and direct UT on next steps to be taken based on assessment and categorization.
:
Quick Declines and how to communicate with Agent (ex.
Declination letter or phone call) :
Additional information needed for underwriting analysis :
Interaction with agency necessary to gather needed information in an organized manner :
Reports necessary to perform underwriting analysis :
Preparing and delivering quote proposal to agent :
Following up on open quotes :
Documenting underwriting decisions within standards and expectations in Underwriting systems, including ARF and CAAMS.
:
Ensure all submissions are effectively managed to reach decline or quoting status.
:
Sell opportunity for Specialty businesses on accounts being quoted :
Refer accounts as appropriate if additional authority is required.
:
Responsible for reviewing and responding to back end underwriting reviews and new business audits.
After these steps, the account responsibility falls to the Portfolio underwriter, although consultation between Field and Portfolio Underwriter is expected as required.
:
Clearly communicate appetite, declination reasons and coverage advantages to Agents to improve hit ratio :
Agency travel as needed to build and maintain strong relationships :
Partner with internal colleagues, mainly SCSMs, UTs and Renewal UW colleagues, to most effectively communicate difficult messages with Agent partners and on overall agency management Key Measures of Success :
New Business production (approx.
2 Million annually) :
UW profitability based on quality of referrals, quality of audits/ file reviews, and achievement of mix goals:
Service metrics, aligned with workflows :
Agency relationships as measured by agency feedback :
Hit and Yield ratios :
LOB and class mix targets Position Requirements Required Skills, Key Competencies and
Experience:
Strong underwriting skill and coverage knowledge; ability to make underwriting decisions on POS and CPP accounts up to 50,000 premium size Underwriting systems knowledge to doc Source:
.
Estimated Salary: $20 to $28 per hour based on qualifications.
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