What are the responsibilities and job description for the Senior Underwriter position at Starkweather & Shepley Insurance Brokerage Inc.?
Description
Position Summary:
The Property and Casualty Insurance Underwriter will assess property and casualty risks to determine appropriate costs, terms, and parameters to insure the property.
This role strictly adheres to our Corporate Standards of Excellence and procedural guidelines spelled out in our Professional Procedure Manual.
Essential Job Functions
Skill and Abilities:
Position Summary:
The Property and Casualty Insurance Underwriter will assess property and casualty risks to determine appropriate costs, terms, and parameters to insure the property.
This role strictly adheres to our Corporate Standards of Excellence and procedural guidelines spelled out in our Professional Procedure Manual.
Essential Job Functions
- Reviews insurance applications, loss control reports, and actuarial studies to determine acceptable risk for selected property
- Reviews accident and claims history, property value, and other factors to assess risk
- Estimates loss potential from catastrophes, accounting for severity and frequency of potential losses
- Makes recommendations based on appraisals and estimated risk including recommendations to deny coverage when necessary
- Underwrites policies for property and casualty loss, workers’ compensation coverage, products liability, and other purposes
- Prepares quotes and reports for agents
- Answers inquiries from policyholders, prospects, and/or agents
- Assists agents with the application process
- Recommends and implements changes to underwriting policies and procedures
- Full underwriting authority per company guidelines
- Performs other duties as assigned
Skill and Abilities:
- Fluent in MS Office Products. Ability to utilize various software and websites.
- Superior verbal and written communication skills.
- Demonstrate accuracy and organization in all phases of performance.
- Ability to work in a team environment.
- Follow through on all assigned tasks.
- Ability to absorb and retain knowledge.
- Ability to communicate clearly, to work well with others, and to manage time effectively.
- High school diploma or equivalent is required
- P&C license or ability to obtain license in first 120 days
- 5-7 years underwriting/program experience