The Cincinnati Insurance Companies - Detroit, MI

posted 6 months ago

Full-time - Entry Level
Remote - Detroit, MI

About the position

At The Cincinnati Insurance Companies, we prioritize people and adhere to the Golden Rule in our daily operations. We are seeking extraordinary individuals to join our talented team, which is characterized by service-oriented, ethical, knowledgeable, and caring associates. These individuals are the foundation of our vision to be the best company serving independent agents. Our mission is to help protect families and businesses as they work to prevent or recover from losses. We invite you to share your talents with us as we strive for continued success, bringing value to the communities we serve and demonstrating that Actions Speak Louder in Person. In this role as a property and casualty field territory underwriter, you will be instrumental in evaluating, assessing, and pricing risks while driving profitable growth for our agency partners in the Detroit, Michigan territory. This position is fully remote for those serving territories away from our headquarters in Fairfield, Ohio. The starting pay for this position ranges from $90,000 to $152,000 annually, with a competitive compensation package based on education, experience, location, knowledge, skills, and abilities. Eligible associates may also receive an annual cash bonus and stock incentives based on both company and individual performance. Your responsibilities will include underwriting by analyzing risks, pricing, negotiating, and making informed decisions on commercial business. You will be tasked with selling and soliciting business across all available business units within your territory to foster strong, diverse agency relationships. Additionally, you will lead the territory in strategic plan development, ownership, and execution of enterprise-wide growth and profit, including new agency appointments. Building deep relationships with assigned agencies will be crucial to developing a diverse and profitable portfolio, ensuring we deliver on our vision to be the best company serving independent agents. You will also provide leadership by partnering with and leading other field disciplines within designated agency relationships, ensuring their success through communication, support, and collaboration with team members. Staying updated on industry trends, market conditions, emerging risks, and primary competitors will be essential for making informed decisions.

Responsibilities

  • Analyze risks, price, negotiate, and make informed decisions on commercial business.
  • Sell and solicit business across all available business units within the territory to build strong agency relationships.
  • Lead territory in strategic plan development, ownership, and execution of growth and profit initiatives, including new agency appointments.
  • Build deep relationships with assigned agencies to develop a diverse and profitable portfolio.
  • Provide leadership and support to other field disciplines within designated agency relationships.
  • Stay updated on industry trends, market conditions, emerging risks, and primary competitors.

Requirements

  • Bachelor's degree in a relevant field.
  • Proven experience in underwriting, with a minimum of 2 years of commercial underwriting experience (more than 3 years preferred).
  • Relevant insurance industry certifications (e.g., Certified Insurance Counselor (CIC) or Chartered Property Casualty Underwriter (CPCU)) are a plus.
  • Strong analytical and problem-solving skills.
  • Excellent communication and interpersonal abilities.
  • Ability to work independently and make sound decisions.
  • Willingness to travel and visit agencies within the territory regularly.
  • Strategic business plan development skills.

Nice-to-haves

  • Experience in professional selling.
  • Additional relevant insurance industry certifications.

Benefits

  • Competitive compensation package including annual cash bonus and stock incentives based on performance.
  • Tools and training for professional development and success in the insurance industry.
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