Underwriter (Wholesale)

Acrisure, LLC - Brentwood, TN

Full-time - Mid Level

Brentwood, TN

10,001+ employees

Insurance Carriers and Related Activities

About the position

Acrisure is seeking a skilled Underwriter to join our team, focusing on the transportation industry. In this role, you will be responsible for determining insurability, rates, prices, quotes, and recommending coverage for risks specific to the markets represented by GTU. You will work closely with producers and insurance company underwriters to evaluate applicants' risks, select appropriate coverages, and determine pricing that ensures overall book profitability and sustainability. Your leadership will guide Policy Service personnel in adhering to all state insurance and insurance company guidelines, while you follow the underwriting and compliance guidelines set forth by GTU, insurance companies, and states. As an Underwriter, you will review applications for coverage, including MVRs, financial statements, loss runs, equipment, FMCSA data, safety programs, contracts/agreements, and reports from loss control consultants. You will compare applications and supporting documentation with insurance company models and underwriting guidelines to assess whether an applicant is an acceptable risk. Your analytical skills will be crucial as you evaluate loss potential due to claims severity and frequency, decline risks that cannot be equitably priced, and develop pricing for acceptable risks within your authority limits. You will utilize your knowledge of agency management systems and insurance company rating models to quote new and renewal policies, ensuring you fully leverage GTU markets. Your role will also involve preparing quotes, answering questions for producers, and maintaining accurate and consistent files and data within the agency management and information systems. You will assist in preparing for and responding to GTU and insurance company audits, while developing and maintaining effective working relationships with producers, insurance companies, GTU staff, and management. Providing timely and professional customer service to producers is essential, as is keeping management informed on the status of day-to-day operations and other assigned projects. Additionally, you will mentor Underwriting Assistants and Associate Underwriters, demonstrating your knowledge of and support for GTU's mission, vision, values, standards, policies, and procedures.

Responsibilities

• Review application for coverage, MVRs, financial statements, loss runs, equipment, FMCSA data, safety program, contracts/agreements, reports from loss control consultants and other related material.
• Compare application and supporting documentation with insurance company models and underwriting guidelines to determine if applicant is an acceptable risk.
• Assist producers with comments or questions about applications and the likelihood of acceptance by the insurance company.
• Analyze account specific characteristics, evaluate loss potential due to claims severity and frequency, decline risks for which an equitable price level cannot be charged or which may not fit in the insurance company's parameters.
• Develop pricing for acceptable risks within authority limits and/or obtain appropriate authority(ies), following established protocols.
• Utilize knowledge of agency management systems and insurance company rating models to quote new and renewal policies, fully utilizing GTU markets.
• Prepare quotes and answer questions for producers while meeting timeliness and accuracy standards.
• Meet or exceed assigned production goals.
• Maintain accurate and consistent files and data within the agency management and information systems that are compliant with GTU and insurance company standards.
• Assist in the preparation of and response to GTU and insurance company audits.
• Develop and maintain effective working relationships with producers, insurance companies, GTU staff and management.
• Provide timely and professional customer service to producers.
• Keep management informed on the status of day-to-day operations and other projects as assigned.
• Investigate and analyze problems and recommend appropriate courses of action to management.
• Mentor Underwriting Assistants and Associate Underwriters.
• Provide backup to other underwriters when out of the office or when work volume dictates.

Requirements

• College degree with major in business administration or accounting or equivalent experience in underwriting for property and casualty preferably for the transportation industry.
• Property and Casualty Insurance license in Tennessee.
• Two or more years of experience in Customer Service, Policy Service, Rating or Underwriting within a commercial Property and Casualty agency.
• Prior experience with Agency Management systems preferred.
• Expert analytical skills, ability to handle complex tasks and work well in a team environment.
• Attention to detail, accuracy, ability to effectively organize, problem-solve and prioritize.
• Able to communicate effectively and comfortably with others utilizing excellent written and verbal communication and interpersonal skills.

Nice-to-haves

• Managing General Agency or Broker commercial lines experience is helpful.
• Chartered Property Casualty Underwriter (CPCU) status and ARM, CIW or CIC designations are a plus.
• Versatility, flexibility or adaptive to change strongly preferred.