Cincinnati Insurance Company - Palatine, IL

posted 3 months ago

Full-time - Mid Level
Remote - Palatine, IL
Insurance Carriers and Related Activities

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. If you are ready to build productive relationships, collaborate within a diverse team, embrace challenges, and develop your skills, Cincinnati may be the right place for you. We offer career opportunities where you can contribute and grow. We are currently looking for a property and casualty field territory underwriter for our Sales and Marketing department. This field-based role is critical in evaluating, assessing, and pricing risks while leading profitable growth for our agency partners in the Chicago, IL territory. Positions serving territories away from our headquarters in Fairfield, Ohio are fully remote. The starting pay for this position ranges from $108,000 to $182,400 annually, with a competitive compensation package based on the applicant's education, experience, location, knowledge, skills, and abilities. Eligible associates may also receive an annual cash bonus and stock incentives based on company and individual performance. As a field territory underwriter, you will be responsible for underwriting, which includes analyzing risks, pricing, negotiating, and making informed decisions on commercial business. You will also be involved in selling and soliciting business across all available business units within the territory to build 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 is crucial to delivering on our vision of being the best company serving independent agents. You will provide leadership by partnering with and leading other field disciplines within designated agency relationships to ensure their success through communication, support, and collaboration with team members. Staying updated on industry trends, market conditions, emerging risks, and primary competitors is 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.
  • Build deep relationships with assigned agencies to develop a diverse and profitable portfolio.
  • Partner with and lead other field disciplines within designated agency relationships to ensure their success.
  • Stay updated on industry trends, market conditions, emerging risks, and primary competitors.

Requirements

  • Bachelor's degree in a relevant field.
  • Minimum of 2 years of commercial underwriting experience; more than 3 years preferred.
  • 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.
  • Valid driver's license.

Nice-to-haves

  • Relevant insurance industry certifications (e.g., Certified Insurance Counselor (CIC) or Chartered Property Casualty Underwriter (CPCU)).
  • Experience from another carrier or new to the insurance industry.

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 field.
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