Commercial Underwriter II

Hallmark Financial

Full-time - Mid Level

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Underwriter position at Hallmark Financial Services involves underwriting and producing profitable business within a designated territory, adhering to the company's objectives and policies. The role encompasses various lines of business, including Commercial Property, General Liability, Automobile, Umbrella, Inland Marine, Cyber, Employment Practices Liability Insurance (EPLI), and Crime, as well as the Commercial Business Owners Policy (BOP). The Underwriter will be responsible for examining a range of documents such as application forms, inspection reports, supplemental applications, financial reports, motor vehicle reports, and past loss experience to assess business operations, the degree of risk, and the acceptability of that risk. In this role, the Underwriter will determine appropriate coverage terms, limits, and pricing based on a thorough analysis of business operations and risk characteristics. They will operate within a specific authority level to quote, accept, decline, modify, and renew risks within their territorial assignment, ensuring compliance with accepted underwriting guidelines. Additionally, the Underwriter will determine and place reinsurance when necessary for high exposures, taking proactive ownership of their territory to ensure long-term profitability. This includes managing agency profitability, overseeing portfolio management, and providing insights for strategic changes. Building and maintaining positive relationships with agencies is crucial, as travel is required to meet with agents and strengthen these relationships while becoming familiar with the underwriting territory. The Underwriter must be able to perform each essential duty satisfactorily, and reasonable accommodations may be made to enable individuals with disabilities to fulfill the essential functions of the job.

Responsibilities

• Examine documents such as application forms, inspection reports, supplemental applications, financial reports, motor vehicle reports, and past loss experience to determine business operations, degree of risk, and risk acceptability.
• Determine supporting coverage terms, limits, and pricing based on analysis of business operations and risk characteristics.
• Quote, accept, decline, modify, and renew risks within territorial assignment in accordance with accepted underwriting guidelines.
• Determine and place reinsurance when required for high exposures.
• Proactively manage territory to ensure long-term profitability, including agency profitability and portfolio management.
• Develop and maintain positive relationships with agencies.
• Travel to meet with agents and maintain strong relationships within the underwriting territory.

Requirements

• Bachelor's degree (B.A.) from a four-year college or university preferred.
• 4+ years of underwriting experience or equivalent combination of education and experience.
• Advanced Microsoft Office skills.
• Strong analytical and communication skills.
• Detail-oriented with the ability to work in a team environment and adapt to daily changing needs and job duties.
• Excellent oral and written communication skills.

Nice-to-haves

• Insurance related coursework or certifications.