Associate Underwriter – Commercial Lines Insurance Underwriting
E & S insurance broker/MGA looking to fill a position within the Commercial Lines Underwriting Department. Preferred candidate has Property & Casualty background/knowledge/experience. 
SUMMARY:
Places new and renewal business with binding authority, brokerage markets and/or personal lines markets, and makes appropriate decisions within own underwriting and assigned authority levels. For binding authority markets - Reviews insurance applications and gathers any additional information necessary to evaluate, classify and rate each risk to determine acceptability, coverage and pricing by performing duties listed below. Uses judgment, knowledge and prior experience to determine the most appropriate markets to place business with; reviews carrier guidelines to determine acceptability or risks within guidelines. For non-binding authority markets – works with the carrier to determine pricing, coverage and acceptability of risks; gathers any additional information needed by the carrier, and serves as the liaison between the carrier and retail agent. Will assist senior underwriters with any daily activities consisting of, but not limited to: rating, correspondence, and endorsements.
Qualifications and Requirements: 
Prior Commercial Lines Insurance Experience of 3-5 years or the equivalent (Preferred) 
1-3 years of surplus lines insurance experience 
Effective verbal and written communication skills 
Ability to work independently in a fast-paced team environment 
Must be extremely detailed-oriented and possess critical thinking skills 
Computer skills, including proficiency in Microsoft Office 
Basic math knowledge, ability to compute rates, ratios, and percentages 
Ability to prioritize tasks and ensure that deadlines are met in connection with department goals 
Proficiency in insurance terminology 
The ability to review applications and determine the appropriate data/information required to secure a quote 
ESSENTIAL DUTIES AND RESPONSIBILITIES: 
Effectively communicate information to both internal and external customers and ensure that standards of excellence are maintained. 
Assist in developing, enhancing, and maintaining standards and processes and procedures as required. 
Participate in ongoing training and educational opportunities with an emphasis in commercial lines. 
Assist in training, directing and delegating of work to assistants as required. 
Maintain a book of assigned renewals or carriers, and retain existing accounts that meet underwriting guidelines.
Move or market accounts with the underwriter/broker’s guidance as needed. 
Work on new business accounts with binding and non-binding markets with underwriter/broker review and approval as needed and/or required. 
Maintain electronic files in accordance with the company’s guidelines. Ensure that each risk is in the system correctly and completely.
Refer new and renewal files to underwriter/broker along with a summary and recommended course of action for accounts falling outside of underwriting authority and/or carrier guidelines as needed. 
Follow carrier issuance instructions for new and renewal policies, endorsements, and notices of cancellation, non-renewal and offers to renew on those transactions that are handled in-house or seeks to obtain new terms from other carriers when necessary. 
Request & process binders for in-house or carrier issued binders, and follow up on outstanding subjectivities until the policy is issued. 
Process endorsements necessary to correct policies on portals or in-house policies. 
Review policies to confirm issued accurately and in compliance with underwriting guidelines, or policies issued by carrier are correct and address discrepancies as needed. 
Review and evaluate inspections within established guidelines to ensure accuracy of premium basis exposures. Correspond with agents regarding inspectors’ recommendations as necessary. 
Work with carrier underwriters to determine pricing, coverage, and acceptability of risks. Gather any additional information needed by the carrier, and serve as the liaison between the carrier and retail agent. 
Create, analyze and interpret data from various systems or sources and underwriting resources to determine the degree of risk for an applicant from such factors as financial standing, business operations and loss experience. 
Maintain familiarity with surplus lines tax calculations and state filing requirements.
Answer phone calls regarding all aspects of business. Document all conversations and delegate or follow up on work for each inquiry. Assist these customers to correct departments 
Maintain confidentiality with discretion and integrity with both internal and external information. 
The above is a “summary” of qualifications but additional job duties and qualifications may be required.