Associate Underwriter

New Mexico Mutual Casualty Company - Albuquerque, NM

Full-time - Mid Level

Albuquerque, NM

Funds, Trusts, and Other Financial Vehicles

About the position

The Associate Underwriter position at New Mexico Mutual Casualty Company is a full-time role that involves the evaluation, selection, acceptance, declination, pricing, and servicing of workers' compensation renewal accounts. The Associate Underwriter will be part of an Underwriting group and will play a crucial role in the acquisition and retention of profitable workers' compensation policies. This position requires a strong focus on developing and maintaining productive agency relationships through accurate and timely communication. The Associate Underwriter will be responsible for analyzing and organizing underwriting information in preparation for quote issuance and policy maintenance, ensuring that the company's renewal written premium, loss ratio, submission, and service objectives are met. The role also involves utilizing appropriate communication tools to provide timely and professional communication to clients and assisting the team with account servicing, including processing endorsements, cancellations, and re-writes.

Responsibilities

• Analyze and organize underwriting information in preparation for quote issuance and policy maintenance.
• Appropriately select risk based on the organization's underwriting risk appetite.
• Document justification for underwriting direction.
• Analyze and manage policies to ensure company renewal written premium, loss ratio, submission and service objectives are achieved.
• Utilize appropriate communication tools to provide timely and professional communication to clients.
• Assist the team through servicing accounts - processing endorsements, cancellations, and re-writes.

Requirements

• Bachelor's or Associate degree from an accredited college/university in business or related field.
• Two to four years of Property and Casualty insurance experience preferred.
• Knowledge of insurance industry; workers' compensation experience preferred.
• Knowledge of underwriting concepts, practices, and procedures.
• Excellent communication skills, including experience with negotiation and sales.
• Strong writing skills with the ability to clearly communicate underwriting decisions.
• Demonstrated ability to confidently accept appropriate risk.
• Significant attention to detail.
• Experience reviewing financial statements and ratios associated with risk analysis.
• Proven organizational, prioritization, and multi-tasking ability.
• Proven ability to manage a high volume production environment.
• Demonstrated proficiency in MS Office (Word, Excel, PowerPoint, Outlook).
• ARM, CIC, AU designation preferred.