What are the responsibilities and job description for the Underwriter, Buffalo position at Jimcor Agency Inc.?
Job Summary:
This position is involved in the review and appraisal of applications for insurance placement . Uses knowledge and independent judgment to determine eligibility of risks when compared to guidelines of programs available. Interacts with Companies and Brokers via telephone, e-mail, regular mail and personal contact.
Essential Duties and Responsibilities:
- Reviews applications for insurance coverage, reports from loss control consultants and other information to determine if application is acceptable for the program(s) available.
- Evaluate the experience of a risk against the class of business under review.
- Evaluate the loss potential due to catastrophe, severity, and/or frequency.
- May rate policies or check previously rated policies for proper rating.
- Utilizes knowledge of automated systems to develop information for new or renewal policies.
- Prepares quotations for agents and answers questions from agents, policyholder, or prospects.
- Assists agents with comments or questions about applications and the likelihood of acceptance by the company.
- Reviews requests for cancellation, endorsements, etc.
- Reviews policies for renewal consideration.
- Request additional documentation necessary for the processing of an application, endorsement or cancellation.
- Conduct marketing visits to agents.
- Performs other duties as assigned.
Qualifications/Requirements:
- Must have Producer’s License.
- 3 plus years of insurance experience.
- Prior exposure to insurance underwriting type activities.
- Basic familiarity with computers.
- Good oral and written communications skills.
- Strong analytical skills and the ability to pay attention to details.
- Resourceful and controlled assertive behavior characteristics.
- Must have demonstrated negotiation skills
- Technical knowledge of insurance coverage forms and their application to exposure.
- Knowledge of departmental regulations and policies.
- Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines and standard accepted underwriting practices.
- Strong interpersonal skills working with Staff and Company Underwriters
- Experience in standard underwriting practices and procedures.
- Associated classes or courses and/or industry license, or designation.
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Website: www.jimcor.com