Underwriter

AssuredPartners - Glen Allen, VA

Full-time - Mid Level

Glen Allen, VA

Insurance Carriers and Related Activities

About the position

Breckenridge Insurance has an exciting career opportunity for an Underwriter. The Underwriter is responsible for working with wholesale and/or retail agents and carriers to obtain specialized insurance coverage for insureds. The Underwriter will meet growth, profit, and production initiatives by developing positive and productive business relationships with retail agents, producers, carriers, co-workers, and others. Breckenridge Insurance, an Accretive company, offers ready access to a team of collaborative experts that solve problems for independent agents and brokers nationally. We are equally committed to our global carrier partners and sound underwriting practices to deliver competitive, smart coverage solutions. Our team is extremely specialized, passionate, and highly invested in each one of our partnerships with insurance agents, brokers, and carriers. If you're interested in a refreshing, bureaucracy-free environment where we celebrate and recognize diverse employees, look no further. In this role, you will manage a book of new and renewal accounts within your assigned territory by evaluating the viability of accounts through opportunity assessment and requesting information from retail agents as needed to ensure a thorough and accurate review of accounts. You will underwrite accounts based on designated contract authorities and/or submit risks to carriers to consider risks outside of authority. Additionally, you will review requests to bind coverage to ensure accuracy before processing and set and attain goals for book management including production, agency visits, product updates, collection issues, hit ratios, legal environment, and market changes. You will also manage and cultivate existing relationships with business partners (retailer and carrier based) to secure and expand recurring revenue streams. Using underwriting discipline, you will manage loss ratios based on carrier expectations and provide timely and accurate monthly and quarterly forecasting to management. Participation in and support of an interdependent cross-sell environment is also expected. You will provide effective communication, supervision, and development of support staff, including performance reviews and salary recommendations, and participate in recruiting efforts of personnel such as new underwriters and support staff. Your role will involve managing the day-to-day efforts of support staff and ensuring smooth functioning, cohesive production units, including reviewing and approving expenses for direct reports. You will implement and enforce policies and procedures of the organization and effectively offer solutions to business challenges inside your area of focus. Maintaining increasing knowledge of insurance industry markets, products, and legal environments through continuing education, seminars, and self-study will be essential to provide value-added service to producers. Participation in industry trade association events such as Target Markets, NAPSLO, AAMGO, PLUS, etc., will also be part of your responsibilities.

Responsibilities

• Manage a book of new and renewal accounts within assigned territory by evaluating the viability of accounts through opportunity assessment and requesting information from retail agents as needed.
• Underwrite accounts based on designated contract authorities and/or submit risks to carriers to consider risks outside of authority.
• Review requests to bind coverage to ensure accuracy before processing.
• Set and attain goals for book management including production, agency visits, product updates, collection issues, hit ratios, legal environment, and market changes.
• Manage and cultivate existing relationships with business partners (retailer and carrier based) to secure and expand recurring revenue streams.
• Use underwriting discipline to manage loss ratios based on carrier expectations.
• Provide timely and accurate monthly and quarterly forecasting to management.
• Participate in and support an interdependent cross-sell environment.
• Provide effective communication, supervision, and development of support staff, including performance reviews and salary recommendations.
• Participate in recruiting efforts of personnel such as new underwriters and support staff.
• Manage the day-to-day efforts of support staff and ensure smooth functioning, cohesive production units, including reviewing and approving expenses for direct reports.
• Implement and enforce policies and procedures of the organization.
• Effectively offer solutions to business challenges inside area of focus.
• Maintain increasing knowledge of insurance industry markets, products, and legal environments, via continuing education, seminars, and self-study.
• Participate in industry trade association events such as Target Markets, NAPSLO, AAMGO, PLUS, etc.

Requirements

• Minimum of 5 years of related experience required.
• Bachelor's degree in related field preferred.
• Active Property and Casualty License required.
• Highly developed problem solving and solution-design skills; strong written and verbal communication skills.
• Demonstrated leadership through client support and advocacy skills, as well as the mentoring and guidance of more junior employees.
• Highly proficient in use of Microsoft Office or similar software, including spreadsheet and presentation software.
• Skilled in use of agency management software with the ability to quickly learn new systems and processes.

Benefits

• Competitive base salary.
• Generous 30+ Days Comprehensive Paid Time Off Package inclusive of Paid Time Off, 10 Company Holidays, 2 Floating Holidays, 5 Sick Days, and 2 Volunteer Days.
• Health benefit options with 5 affordable medical plan options, company paid HSA contribution with eligible HSA plan selection, 2 dental plan options offering orthodontia coverage and 3 cleanings per year, and 2 vision plan options.
• Company match 401(k) plan - 50% up to 6%!
• Support of fitness wellness goals with up to 75% off at over 11,000 gyms and fitness centers.
• 24/7 access to licensed therapists for mental health support.
• Pet benefits & discounts.
• Access to Employee-led Resource Groups (ERGs) that lend a voice to the variety of demographics represented throughout the company.