Senior Underwriter
Apply NowCompany: Aegis Security Insurance
Location: Harrisburg, PA 17112
Description:
Senior Underwriter - WaterPlus Remote
Responsibilities:
Qualifications:
Experience / Education:
Salary Range: 80,000-90,000 USD per year
Responsibilities:
- Works with Lead Underwriter to oversee production, underwriting, and profitability of book of business (new business and renewals) as to meet or exceed annual production and profitability targets;
- Accountable for reviewing assigned new business submissions to verify that the risk qualifies, that all required underwriting documentation has been obtained, and that appropriate pricing has been determined;
- Ability to analyze loss runs and calculate loss ratios. This skill set needs to be used when underwriting and quoting new business and renewals;
- Underwriting Authority < $100,000 (Authority may increase as the Company develops confidence in your underwriting skills).
- Will prepare referrals on accounts outside of their authority and send to Lead Underwriter for review and approval for release or submission to Company; May handle direct referrals to Company, particularly as tenure is attained.
- Achieve new business hit ratio and retention goals;
- Assist in technical training to new underwriting team members to ensure that all risks conform to APR underwriting guidelines and file documentation requirements;
- Coordinate with UW Support to issue error free policies and endorsements. Review and analyze complex policies.
- Participate in new business development in accordance with the Program's business plan;
- Establish and maintain strong relationships with assigned production sources to ensure client retention and foster strategic alliances;
- Continue establishing strong Carrier relationships to ensure their confidence in your underwriting skills;
- Begin working with Lead Underwriter to participate in enhancing APR's profile in the Program's market segment, including participating in broker marketing calls;
- Meet performance standards for response time, quoting, binding, issuance, endorsements, and other underwriting level responsibilities;
- Work toward becoming a subject matter expert regarding primary public entity coverage and emerging issues in the public entity segment.
Qualifications:
- Excellent written, verbal, and interpersonal skills;
- Strong analytical skills;
- Solid computer skills and ability to independently use Microsoft Office Products (Word, Excel, etc.);
- Strong negotiation skills combined with the ability to close new business opportunities;
- Flexibility for extensive work hours during the peak business periods of April 1st thru July 15th, and October 1st thru December 15th;
- Flexibility for 0%-10% business travel.
Experience / Education:
- Bachelor's Degree, in Business, a related field, or equivalent education required;
- CPCU or ARM designation preferred;
- 5 or more years insurance underwriting experience required, with some experience in Public Entity related segment.
Salary Range: 80,000-90,000 USD per year