Sr Commercial Lines Underwriter

Ufg Insurance - Ewing Township, NJ

Full-time

Ewing Township, NJ

Insurance Carriers and Related Activities

About the position

UFG is currently hiring for a Sr. Commercial Lines Underwriter to join our team! The Senior Commercial Lines Underwriter will manage a commercial underwriting territory of approximately $8 million - $14 million. The individual in this role will work hard to attain positive results (premium growth and acceptable loss ratios) through sound risk selection, developing strong relationships with agency personnel, and providing a quality product combined with excellent service. This position provides a hybrid, in office, or remote work option, but the individual in this role should reside in the state of New Jersey. The Senior Commercial Lines Underwriter will be responsible for underwriting and pricing new business and renewals by evaluating necessary coverages and determining risk acceptability. This includes reviewing applications, MVR's, Experience Mods, Loss experience, risk control reports, credit reports, and company guidelines for risk acceptability. The Underwriter will also solicit new business and develop a pipeline to source submissions, as well as develop, analyze, and evaluate information and exposure for highly complex risks. Proper classification and pricing of the risk using analytical pricing tools and resources is essential. In addition to these responsibilities, the Underwriter will provide guidance, mentoring, and coaching to Associate Underwriters, Commercial Lines Underwriters, and other team members. Negotiating with agents on pricing and coverages offered is also a key part of the role, along with providing best-in-class service to agency partners with timely and professional service. The Underwriter will participate in agency visits to solicit new business, discuss renewal accounts or issues, and develop successful relationships with agencies and producers. Managing territory using portfolio management tools and achieving production goals within the assigned territory is expected, as well as collaborating with Marketing as needed to partner on marketing strategy. Special projects may also be assigned as needed.

Responsibilities

• Underwrite and price new business and renewals by evaluating necessary coverages and determining risk acceptability.
• Review applications, MVR's, Experience Mods, Loss experience, risk control reports, credit reports, and company guidelines for risk acceptability.
• Review applications, endorsement requests and renewals for limits and coverages requested.
• Solicit new business and develop a pipeline to source submissions.
• Develop, analyze, and evaluate information and exposure for highly complex risks.
• Properly classify and price the risk using analytical pricing tools and resources.
• Evaluate change requests, approve, assign codes and process within underwriting authority.
• Provide guidance, mentoring, and coaching to Associate Underwriters, Commercial Lines Underwriters, and other team members.
• Negotiate with agents on pricing and coverages offered.
• Provide best in class service to agency partners with timely and professional service.
• Participate in agency visits to solicit new business, discuss renewal accounts or issues, develop successful relationships with agencies and producers.
• Manage territory using portfolio management tools and achieve production goals within assigned territory.
• Collaborate with Marketing as needed to partner on marketing strategy.
• Special projects as assigned.

Requirements

• High school diploma or equivalent degree required; four-year college degree preferred.
• 5+ years commercial lines underwriting experience, with risk evaluation skills and solid insurance contract knowledge.
• Strong analytical thinking.
• Strong communication, leadership and negotiating skills.
• Strong planning and organization skills with the ability to multi-task; and a willingness to accept challenges and take appropriate risks.
• Ability to handle large workload and prioritize to meet deadlines.
• Promote a positive and professional image and develop productive relationships with coworkers and agents.
• Demonstrate an open-minded, collaborative work style.
• Advanced working knowledge of policy administration systems.
• Advanced knowledge of the broad range of business insured by UFG.
• Strong risk evaluation skills and solid insurance contract knowledge.
• Knowledge of agency force and current market environment.
• Strong knowledge of coverages, proprietary Ultra/enhancement endorsements.
• Affinity for detailed accuracy.
• Ability to provide excellent customer service.
• Ability to teach others and monitor their development.

Nice-to-haves

• AU, CPCU, CIC, or comparable designations preferred.