What are the responsibilities and job description for the Underwriter I position at McNeil & Co.?
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Position Summary
The Commercial Lines Underwriter I is responsible for managing a book of property/casualty business. This position nurtures agency relationships in order to enhance the customer service experience, while also maintaining underwriting discipline and program profitability.
Essential Functions
$50,000 - $60,000/year
20200 McNeil & Company, Inc.
Position Summary
The Commercial Lines Underwriter I is responsible for managing a book of property/casualty business. This position nurtures agency relationships in order to enhance the customer service experience, while also maintaining underwriting discipline and program profitability.
Essential Functions
- Analyze new and/or renewal business for program eligibility and price business in accordance with program rate and retention targets
- Adhere to Underwriter Authority Agreement
- Adhere to Service Standard Agreement
- Develop and maintain strong interpersonal relationships with internal and external customers through professional and efficient customer service
- Ability to work efficiently and effectively in one core McNeil Program
- Gain understanding of ISO rules/rates, underwriting manuals and, underwriting guidelines
- Rating new and renewal business as needed
- Comply with state insurance regulations according to ODEN
- Analyze and approve requested policy changes/endorsements
- Work with Risk Management to assist insureds in improving operations and mitigating risk
- Process cancellations, non-renewals, reinstatements as needed
- Gain understanding of program specific product and coverages
- Provide support for other associates when necessary
- Gain familiarity with market conditions and competitor intelligence
- Gain familiarity of underwriting reports to ensure program profitability. This includes, but is not limited to, contract expiration reports, referral reports, loss experience reports, pricing reports and retention reports.
- Foster a team environment with among team members
- Assist with special projects as assigned
- Bachelor’s degree or equivalent education/experience preferred
- AINS or CISR designation a plus
- One to three years of underwriting or customer service experience with an insurance company preferred
- Excellent verbal and written communication skills
- Strong negotiation and interpersonal skills
- Strong analytical skills with attention to detail
- Solid time management and organizational skills
- Ability to prioritize and work independently
$50,000 - $60,000/year
- Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.
- Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. Click here to learn more on available benefits.
20200 McNeil & Company, Inc.
Salary : $50,000 - $60,000