What are the responsibilities and job description for the Sr Commercial Lines Underwriter position at UFG?
UFG is currently hiring for a Sr. Commercial Lines Underwriter to join our team! The Senior Commercial Lines Underwriter will manage a commercial underwriting territory of approximately $8 million - $14 million. The individual in this role will work hard to attain positive results (premium growth and acceptable loss ratios) through sound risk selection, developing strong relationships with agency personnel, and providing a quality product combined with excellent service. Other responsibilities include serving as a resource mentor, approving risks within your authority, and acting as a resource for training needs.
This position provides a remote work arrangement, but the candidate should reside in the Nashville, TN metro area.
Responsibilities:
- Underwrite and price new business and renewals by evaluating necessary coverages and determining risk acceptability.
- Review applications, MVR’s, Experience Mods, Loss experience, risk control reports, credit reports, and company guidelines for risk acceptability
- Review applications, endorsement requests and renewals for limits and coverages requested
- Solicit new business and develop a pipeline to source submissions
- Develop, analyze, and evaluate information and exposure for highly complex risks.
- Properly classify and price the risk using analytical pricing tools and resources
- Evaluate change requests. Approve, assign codes and process within underwriting authority
- Provide guidance, mentoring, and coaching to Associate Underwriters, Commercial Lines Underwriters, and other team members.
- Negotiate with agents on pricing and coverages offered
- Provide best in class service to agency partners with timely and professional service
- Participate in agency visits to solicit new business, discuss renewal accounts or issues, develop successful relationships with agencies and producers
- Manage territory using portfolio management tools and achieve production goals within assigned territory
- Collaborate with Marketing as needed to partner on marketing strategy.
- Special projects as assigned
Qualifications:
Education:
- High school diploma or equivalent degree required; four-year college degree preferred
- AU, CPCU, CIC, or comparable designations preferred
Experience:
- 5 years commercial lines underwriting experience, with risk evaluation skills and solid insurance contract knowledge
Knowledge, skills & abilities:
- Strong analytical thinking
- Strong communication, leadership and negotiating skills
- Strong planning and organization skills with the ability to multi-task; and a willingness to accept challenges and take appropriate risks
- Ability to handle large workload and prioritize to meet deadlines
- Promote a positive and professional image and develop productive relationships with coworkers and agents
- Demonstrate an open-minded, collaborative work style
- Advanced working knowledge of policy administration systems
- Advanced knowledge of the broad range of business insured by UFG.
- Strong risk evaluation skills and solid insurance contract knowledge.
- Knowledge of agency force and current market environment.
- Strong knowledge of coverages, proprietary Ultra/enhancement endorsements.
- Affinity for detailed accuracy.
- Ability to provide excellent customer service.
- Ability to teach others and monitor their development.
