Underwriter (P/C) jobs in Peoria, IL
Underwriter (P/C) analyzes and reviews inspection reports, location, risk, credit reports, etc. to accept or reject renewal/new property and casualty policy applications. Decides on appropriate premium rates and issues coverage. Being an Underwriter (P/C) provides customer services regarding underwriting processes and decisions. May communicate with field agents to gather additional information or to explain underwriting decisions. Additionally, Underwriter (P/C) typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. The Underwriter (P/C) work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Underwriter (P/C) typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Underwriter (P/C) jobs
Associate Underwriter
- Missouri Employers Mutual
-
Bloomington, IL
FULL_TIME
-
Are you driven to keep people safe? That’s what we do every day at Missouri Employers Mutual.
We’ve created a casual, values-driven work culture that’s making a positive impact on the way people live and work. This is a place where you can grow with confidence — because that’s what safety and success really mean to us.
SUMMARY:
This position is accountable for building and managing a Workers Compensation book of business, primarily by developing and maintaining productive relationships with independent agencies. The person in this position is a member of a working unit and is responsible for managing accounts that typically have estimated annual premiums below $10,000, using an underwriting platform that consists of a non-internet tiered rating system and an internet automated rating system. This person may be assigned to assist with accounts that have estimated annual premiums greater than $10,000 as required.
Key priorities for the Associate Underwriter include determining risk acceptance on a book of business basis after a thorough analysis of risk exposures and existing loss controls for new and existing accounts that are underwritten manually; verifying risk acceptance. Applying basic knowledge of Workers Compensation rules and MEM underwriting guidelines; and providing enhanced service for all customers. Policy issuance, renewal review and maintenance, including all mid-term endorsements, cancellations and reinstatements, are integral parts of this job. The Associate Underwriter will manage a significant volume of telephone calls from producers and policyholders and will work in a team environment, completing and coordinating activities toward the successful handling of a book of business.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
To perform this job successfully, an individual must be able to complete each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Other duties may be assigned.
Non-Management Responsibilities:
- Perform job duties in accordance with MEM’s vision, mission and values.
- Understand and adhere to MEM’s underwriting philosophy, underwriting guidelines and underwriting file documentation and passes all internal and external quality and compliance audits.
- Understand the functionality of all underwriting systems (automated and manual), utilizing these systems as required.
- Demonstrate a working knowledge of all company forms, endorsements and rating methodology and uses these tools appropriately.
- Demonstrate a basic understanding of technical underwriting principles and appropriate risk underwriting characteristics.
- Meet task, project and business objectives within prescribed quality and time standards and reports issues related to agencies, business production and quality, business products and services in an accurate and timely manner to underwriting management.
- Provide a high level of service to producers and policyholders by responding to a significant volume of telephone calls. Determine needs; receive and provide technical information and assistance; resolve problems and issues, and refer callers to other staff or departments as needed.
- Assist producers and policyholders with workers’ compensation problems and issues by capably advising, researching and resolving, or referring to appropriate resources for resolution. Respond to inquiries for coverage, providing information about MEM’s plans and services.
- Underwrite qualified businesses using established guidelines, criteria, and underwriting tools established for the Unit, whether coming into the company through conventional methods or through iNet. Correspond with producers for additional information needed or in regard to acceptance or rejection of coverage.
- As appropriate, review and refer businesses not meeting criteria to underwriting management for further action. May be asked to take over accounts outside of the Associate Underwriter’s authority or expertise.
- Review risks prior to renewal and amends rating plan and scheduled rating as necessary with appropriate referrals to underwriting management.
- Ensure policy corrections or change endorsements to the name, address, class, rate tier, payroll, and NCCI experience modifications and contractors credit are issued correctly by correctly interpreting and applying appropriate workers compensation rules to all changes.
- Prepare appropriate cancellation, reinstatement or rewrite documents and notifies other departments if related action is needed.
- Analyze premium audit and loss prevention inspection reports, appropriately identifying relevant issues and preparing effective recommendations to resolve coverage issues.
- Define, implement and manage accounts within the Unit, using all relevant underwriting factors to achieve a profitable book of business consistent with meeting company established goals and the needs of policyholders.
- Participate in team functions and takes an active role in coordinating daily work activities with other Unit members.
- Participate in special projects and performs other duties and responsibilities as required to fulfill job functions and as assigned by management.
- Cooperate with underwriting management to manage the accounts within the assigned Unit using all relevant underwriting factors to achieve a profitable book of business consistent with meeting the company established goals as well as the needs of the policyholder.
- Approach job in a conscientious manner and mature fashion, demonstrating a personal and professional sense of responsibility.
- Exhibit an ethical manner of conduct and keeps sensitive information confidential. Demonstrate a willingness to contribute what is necessary to get the job done.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education: A Bachelors degree in Business Administration, Insurance and Risk Management, or a directly related field, or the equivalent combination of education and experience is required.
Experience: Minimum of one year of general workers compensation and/or other insurance experience with emphasis in property and casualty experience is required.
Designations/Certifications: Insurance industry coursework, such as INS or AU, is desired. Pursuit of CPCU designation is encouraged.
LICENSES:
- A valid driver’s license is required.
- 3 Days Ago
Associate Underwriter
- Missouri Employers Mutual
-
Normal, IL
FULL_TIME
- Are you driven to keep people safe? That’s what we do every day at Missouri Employers Mutual. We’ve created a casual, values-driven work culture that’s making a positive impact on the way people live ...
- 3 Days Ago
Underwriter I- Personal Umbrella
- RLI Insurance Company
-
Peoria, IL
FULL_TIME
- About Us We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, ...
- 1 Month Ago
Associate Underwriter-Surety
- RLI Insurance Company
-
Peoria, IL
FULL_TIME
- About Us We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, ...
- 1 Month Ago
Dynamic PC Support
- Worldwide TechServices
-
Peoria, IL
FULL_TIME
- Company DescriptionWorldwide TechServices is a global leader in delivering technology services and solutions to the world’s most demanding clients. Headquartered in Billerica, MA; we provide infrastru...
- 5 Days Ago
Dental Receptionist
- Dr William White PC
-
La Salle, IL
PART_TIME
- Overview:We are seeking a skilled and professional Dental Receptionist to join our team. As a Dental Receptionist, you will be the first point of contact for our patients and play a crucial role in pr...
- 9 Days Ago
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0 Underwriter (P/C) jobs found in Peoria, IL area
Master Underwriter (Worker's Comp)
- Summit Holdings
-
Peoria, IL
- Job Description Job Description Job Description It’s one thing to know workers’ comp. It’s another to know people. But k...
- 4/18/2024 12:00:00 AM
Workers' Comp Senior Claims Specialist (Remote in Illinois)
- Summit Holdings
-
Peoria, IL
- Job Description Job Description Job Description It’s one thing to know workers’ comp. It’s another to know people. But k...
- 4/18/2024 12:00:00 AM
Life Pricing Actuarial Analyst Sr. (Remote)
- CCG Business Solutions, LLC
-
Bloomington, IL
- Company Description CCG Talent Management is not only a business solutions company but a company that believes success s...
- 4/17/2024 12:00:00 AM
Sales Representative - Remote
- InsuraTec Services Group
-
Normal, IL
- Sales Representative - Remote Company: InsuraTec Services Group Location: Remote About Us: InsuraTec Services Group is a...
- 4/17/2024 12:00:00 AM
Business Consultant
- Pekin Insurance
-
Pekin, IL
- You spend at least a third of your day at your job. You might as well spend it doing something you really love while wor...
- 4/16/2024 12:00:00 AM
Product Marketing Analyst
- RLI Corp.
-
Peoria, IL
- About Us We're not like other insurance companies. From our specialty products to our business model, our culture to our...
- 4/16/2024 12:00:00 AM
Business Consultant
- Pekin Insurance
-
Pekin, IL
- You spend at least a third of your day at your job. You might as well spend it doing something you really love while wor...
- 4/14/2024 12:00:00 AM
Senior Actuarial Analyst - REMOTE
- DW Simpson
-
Bloomington, IL
- Are you ready for a new challenge? A national Life insurance company is searching for a student actuary or ASA to become...
- 4/4/2024 12:00:00 AM
About Peoria, Illinois
Peoria (/piˈɔːriə/ pee-OR-ee-ə) is the county seat of Peoria County, Illinois, and the largest city on the Illinois River. Established in 1691 by the French explorer Henri de Tonti, Peoria is the oldest European settlement in Illinois, and is named after the Peoria tribe. As of the 2010 census, the city was the seventh-most populated in Illinois (and the third largest outside the Chicago metropolitan area), with a population of 115,007. The Peoria Metropolitan Statistical Area had a population of 373,590 in 2011. Until 2018, Peoria was the global and national headquarters for Caterpillar Inc.,...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Underwriter (P/C) jobs
$55,660 to $70,805
Peoria, Illinois area prices
were up 1.3% from a year ago
were up 1.3% from a year ago
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