Personal Lines Underwriter

$60,000 - $95,000/Yr

Hub International - Burbank, CA

posted 4 months ago

Full-time - Mid Level
Burbank, CA
Insurance Carriers and Related Activities

About the position

Monarch E&S, a division of SPG Insurance Solutions, is seeking a dedicated professional to join our team as a Personal Insurance Underwriter. This role is pivotal in developing, managing, marketing, underwriting, and sustaining profitable business by providing high-level technical and sales expertise in personal insurance coverages. The successful candidate will work closely with independent and retail insurance agents and brokerages, ensuring that we meet the diverse needs of our clients while maintaining profitability and compliance with industry standards. In this position, you will be responsible for building cooperative and dependable relationships with independent insurance agencies and brokerages to create business placement opportunities. You will develop and maintain underwriting and cooperative service relationships with insurance carriers, demonstrating an in-depth knowledge of personal insurance and underwriting guidelines across both excess and surplus lines as well as standard markets. Recognizing acceptable business opportunities through the underwriting pre-qualification process will be a key part of your role, as will successfully negotiating market placements of new and renewal business. You will be expected to meet and sustain targeted revenue goals while coordinating resources to accomplish specific account objectives. As the ultimate responsible party for the successful completion of all account tasks and details within your portfolio, you will also play a crucial role in motivating and educating co-workers, blending leadership with technical skills. A thorough understanding of workplace laws and corporate policies is essential to maintain a fair office work environment, ensuring compliance and fostering a positive workplace culture.

Responsibilities

  • Builds cooperative and dependable relationships with independent insurance agencies and brokerages to create business placement opportunities.
  • Develops and maintains underwriting and cooperative service relationships with insurance carriers by demonstrating in-depth knowledge of personal insurance and underwriting guidelines, both in excess and surplus lines and standard markets.
  • Recognizes acceptable business opportunities through underwriting pre-qualification process.
  • Successfully negotiates market placements of new and renewal business.
  • Meets and sustains targeted revenue goals.
  • Coordinates resources to accomplish specific account objectives.
  • Assumes ultimate responsibility for the successful completion of all account tasks and details on account portfolio.
  • Motivates and educates co-workers, blending leadership and technical skills.
  • Is knowledgeable of workplace laws and corporate policies and practices; maintains a fair office work environment.

Requirements

  • Bachelor's degree preferred; equivalent experience and knowledge considered.
  • Substantial and relevant experience in a personal insurance brokerage or underwriting environment including wholesale brokerage experience.
  • Demonstrated understanding of personal insurance coverages and relevant forms for excess and surplus lines, understanding of both admitted and non-admitted markets.
  • Trusted working relationships with carrier and markets.
  • Highest level of customer relations, sales management and negotiating skills to effect profitable results.
  • Highest level of interpersonal skills to facilitate team building and resource management.
  • Proficient in Microsoft Office including Word, Excel, and Outlook.
  • Ability to travel extensively. Must have and maintain a valid driver's license.

Benefits

  • Health insurance
  • Dental insurance
  • Vision insurance
  • Life insurance
  • Disability insurance
  • Flexible Spending Account (FSA)
  • Health Savings Account (HSA)
  • 401(k) accounts
  • Paid time off benefits
  • Eligible bonuses
  • Equity and commissions for some positions
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