Builders Mutual Surety Company - Jackson, MS

posted 4 months ago

Part-time - Senior
Jackson, MS

About the position

At Builders Mutual, we believe in the power of a team to get the job done right. Our team does their best work each day, creating a one-stop resource for all commercial insurance solutions and construction safety resources, leading to powerful results. Our cultural elements of teamwork, inclusion, expertise, and community aren't just words on a page—it's integral to who we are, how we work, and what sets us apart. We live out our values every day, striving to serve better and achieve more. The Large Account Underwriting Specialist will develop, grow, and manage a profitable, diversified book of construction business, targeting large contractors with account premiums greater than $250,000. This remote role will allow you to do your best work from your home office, collaborating virtually with your team daily. You will travel to our Raleigh office for meetings and company events up to four times a year. Your work as a Large Account Underwriting Specialist will make a difference by directing and monitoring underwriting activities in the area of large account analysis, including large account modeling. You will document files to reflect individual account approaches, thought processes, and decision-making through comprehensive account reviews. In this role, you will manage individual authority and work on highly complex underwriting risks with an entrepreneurial mindset. You will identify areas of opportunity for improved growth, profit, rate, retention, diversification, and execution of marketing plans. Additionally, you will develop and maintain agency and broker relationships with large producers through a high level of responsive service, office/site visits, and in-person and virtual meetings. You will assist agents and brokers on pipeline management strategies and coordinate service team efforts. Your ability to anticipate problems and creatively propose solutions will be crucial. You will also keep current on state and territory issues and regulations, industry activity, and trends, and may participate in industry trade groups. Furthermore, you will make recommendations on underwriting policy and pricing strategy while mentoring and guiding less experienced underwriters and assisting in the development of underwriting training.

Responsibilities

  • Develop, grow, and manage a profitable, diversified book of construction business targeting large contractors with account premiums greater than $250,000.
  • Direct and monitor underwriting activities in the area of large account analysis including large account modeling.
  • Document files to reflect individual account approach, thought process, and decision making through comprehensive account reviews.
  • Manage individual authority and work on highly complex underwriting risks with an entrepreneurial mindset.
  • Identify areas of opportunity for improved growth, profit, rate, retention, diversification, and execution of marketing plans.
  • Develop and maintain agency and broker relationships with large producers through high level of responsive service, office/site visits, and in-person and virtual meetings.
  • Assist agents and brokers on pipeline management strategies.
  • Develop and maintain client relationships and coordinate service team efforts.
  • Anticipate problems and creatively propose solutions to those issues.
  • Determine, coordinate, and direct account management activities with various departments.
  • Keep current on state/territory issues and regulations, industry activity, and trends.
  • Make recommendations on underwriting policy and pricing strategy.
  • Mentor and guide less experienced underwriters and assist in the development of underwriting training.

Requirements

  • Bachelor's degree with 5-7 years of commercial lines underwriting experience.
  • Advanced level knowledge of insurance products/coverage, market segments, and marketplace.
  • Insurance finance and actuarial concepts including loss trending and development.
  • Advanced-level knowledge of underwriting, pricing, risk selection, and territory management.
  • Ability to apply underwriting/appetite, tools, systems, and resources to achieve goals and solve complex problems.
  • Ability to establish and build healthy working relationships, lead mentoring relationships, and negotiate.

Nice-to-haves

  • Ability to deal with ambiguous situations and issues.

Benefits

  • Market-driven compensation and bonus plan
  • 3 weeks of paid time off (and your birthday too!)
  • 37.5-hour work week; end your Friday at 2:30 PM
  • Builders University for employees, dedicated to supporting development and enhancing expertise
  • Earn swag and extra time off through peer recognition Builders Bucks program
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