Underwriter I

This position performs standard duties in reviewing, analyzing, and evaluating insurance risks on new and in force policies. In addition, this position renders subjective decisions regarding acceptability of risks in accordance with underwriting policies, practices, and Exchange guidelines. The position accepts, modifies, or rejects the risk/coverages as appropriate, with the concurrence of the Manager or Manager's designee.

Job Duties

• Analyze applications or documentation and develop supplemental information, which may be obtained from previous insurance carriers, direct contact with insureds and/or from photographs; Determine acceptability and rate level adequacy by enforcing rating plan. Determine modifications or rejection of risk with concurrence of Management.

• Modify risk as to deem it acceptable or determine restrictive action on new, in force and renewal policies.

• Review files when errors are detected and coordinate correction through appropriate levels

• Inform insureds of rejections, modifications or restrictive actions on policies after Management has reviewed. Respond to inquiries from insureds regarding those restrictions

• Communicate underwriting philosophy and decisions to Sales Agents and Claims personnel while continuing to build a good rapport and relationship between Sales/Claims and Underwriting

• Determine acceptability of continued coverage when amendments or endorsements substantially change initial risk exposure

• Recommend restrictive action or termination of policies with Management approval, prior to expiration

Qualifications

• Bachelors Equivalent combination of education and experience

• 1-3 years Experience in personal line insurance underwriting, claims, agency or sales Required

• MS Office applications (Medium proficiency)

• Problem solving, decision making and analytical skills. (Medium proficiency)

• Organizational and time management skills required. (Medium proficiency)

• Communication skills both written and verbal (Medium proficiency)

• Interpersonal skills in working in a group environment (Medium proficiency)

• Chartered Property Casualty Underwriter - Insurance Institute of America