Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, AgricultureIndustries
Requirements
Bachelor’s Degree in Business, Economics, Risk Management and Insurance, or a related field or equivalent experience
Generally, a minimum of 5 years of underwriting experience or a related field
Completion of or continuing progress toward a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS) or Associate of Risk Management (ARM), or a marketing designation
Typically manages 2 or more reports
Responsible for overseeing team priorities and coordinating daily tasks
May occasionally perform tasks alongside direct reports
Operates under policies and procedures with limited oversight
Responsible for performance and coaching of staff and has a participatory role in decisions
Responsibilities
Coordinates the daily operations of the Underwriting team, ensuring efficient workflow and productivity
Conducts comprehensive reviews of risk assessments to validate and verify the accuracy of underwriting decisions
Cultivates and maintains strong business relationships with internal and external stakeholders to drive profitable growth
Collects and reviews reports and screenings, such as motor vehicle reports, loss history reports, and external inspections, to aid in underwriting decisions
Responsible for maintaining accurate documentation of underwriting decisions and ensures compliance with state and federal insurance regulations
Assesses policy renewals and modifications, identifying potential improvements and ways to mitigate risks
Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes
Provides technical guidance and ensures staff stay informed about industry trends, regulatory changes, and market conditions