What are the responsibilities and job description for the Underwriter position at The Jonus Group?
Job Description
Underwriter
Job Summary
Seeking a dedicated and detail-oriented Underwriter to join a team. In this role, you will independently qualify and price new and renewal business within a specific delegated underwriting authority and territory. You will also be responsible for servicing accounts in alignment with established service standards. This position requires a strong understanding of underwriting principles, excellent analytical skills, and the ability to build and maintain productive relationships with producers.
Compensation Package
Underwriter
Job Summary
Seeking a dedicated and detail-oriented Underwriter to join a team. In this role, you will independently qualify and price new and renewal business within a specific delegated underwriting authority and territory. You will also be responsible for servicing accounts in alignment with established service standards. This position requires a strong understanding of underwriting principles, excellent analytical skills, and the ability to build and maintain productive relationships with producers.
Compensation Package
- Competitive salary commensurate with experience.
- Comprehensive benefits package, including health, dental, and vision insurance.
- Paid time off and holidays.
- Professional development opportunities and support for industry certifications.
- Independently qualify and price new and renewal submissions in accordance with program underwriting guidelines and pricing directives.
- Analyze and review underwriting information, including applications, loss runs, inspections, financial reports, and supplemental applications.
- Communicate underwriting decisions to producers and maintain strong producer relationships within the assigned territory.
- Prepare and communicate underwriting approaches for large renewals and new business.
- Ensure compliance with underwriting authority, program forms, endorsements, and rating methodologies.
- Maintain accurate and complete documentation in underwriting files and adhere to quality control and state filing requirements.
- Provide instructions to Underwriting Assistants and oversee their work to ensure compliance with company guidelines.
- Monitor risk control and claims activities, and take appropriate action on transactions exceeding delegated authority.
- Support sales staff by attending agent meetings, conventions, trade shows, and agent visits as needed.
- Evaluate and compare competitor forms and coverages to maintain a competitive edge.
- Bachelor’s degree in insurance, business, or a related field preferred.
- Minimum of 2 years of experience as a Property & Casualty Underwriter, or 3 years of industry experience as an underwriting assistant, CSR, or agent/agency management.
- Current property-casualty license for the state of residence (or ability to obtain within three months).
- Proven performance in underwriting or agency management.
- Strong working knowledge of commercial insurance.
- Excellent analytical and organizational skills with the ability to prioritize tasks effectively.
- Effective negotiation and research skills with a keen attention to detail.
- Proficiency in IT tools and software applications.
- Commitment to attaining or working toward AU, CPCU, ARM designation, or comparable higher insurance education.