Within assigned authority, the Specialty Property Underwriter continues to build and maintain a profitable mix of new and existing business of at least $5 million annually by leveraging strong broker relationships and demonstrating analytical skills to evaluate risks for acceptability. Underwriters are expected to maintain combined ratio as determined by company. Plan and conduct marketing visits with brokers to maintain and build on relationships while also addressing premium growth and acceptable loss ratios.

Responsibilities:

Successfully and independently evaluate, investigate, and analyze risks including review of applications, loss experience, loss control reports, Specialty’s appetite guide, research the Internet, Reference Connect, and other available resources. May consult with other experienced underwriters. Demonstrate successful growth of business independently, and responsibly utilizing the higher authority granted, and applying strong negotiation skills. Independently underwrite more complex submissions and existing accounts. Gather information regarding financial status, credit standing, and organization profile to evaluate and recommend acceptability of the risk within framework of Specialty underwriting policies and procedures.   Review and approve or decline premium bearing endorsement requests independently. Create record of communications concerning activities and document in file per department standards. Determine appropriate rating classifications, complete account summaries and file documentation, and may suggest improved operational efficiencies. Meet increased production, marketing, and profitability goals. Negotiation and placement of facultative reinsurance where required. Provide high quality customer service in all interactions with internal and external customers. Correspond, network, and build relationships with the brokerage community that supports Specialty. Provide guidance, direction, and assistance to other underwriters. Stay current on industry information regarding trends, competition, pertinent laws and legal occurrences, etc., and share the information with the department.

Qualifications:

Education:

High School diploma or equivalent. Bachelor’s degree preferred. Bachelor’s degree with a concentration in Risk Management, Finance, or Economics preferred.

 

Certifications/Designations:

Must have a valid and current drivers’ license and must have acceptable driving record in accordance with Company practice. Employees are expected to participate in continuing education throughout their careers. Certified or working towards ASLI and CPCU designation, or other related insurance designations.

 

Experience:

3 -5 years of experience in Excess & Surplus lines underwriting.

 

Working Conditions:

General office environment. Up to 25% of travel is required to broker v Overnight trips included. Ability to work in a remote setting with limited supervision.

Skills & Knowledge:

Skills:

Attention to Detail Critical Thinking Risk Management - Underwriting Self-Planning and Prioritization Judgement & Decision Making Collaborate Negotiation Professionalism Consulting Customer Service

Knowledge:

Proficient in accounting principles and financial analysis. Good understanding of standard bond and contract language. Knowledge of construction trades.

Misc.:

Business Knowledge/Acumen Nimble Learning

Disclaimer:

The above statements are intended to describe the general nature and level of work being performed by individuals assigned to this job. It is not designed to contain or be interpreted as a comprehensive list of all duties, responsibilities, and skills required. Additional tasks and requirements may be assigned, as necessitated by business need. UFG retains the right to modify the description of this job at any time.