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Commercial Lines Underwriter
Encova Insurance | |
401(k) | |
United States, Ohio, Columbus | |
471 East Broad Street (Show on map) | |
April 03, 2024 | |
The salary range for this job posting is $53,787.00 - $107,944.00 annually + bonus + benefits
The above represents the salary range for this job requisition. Ultimately, in determining your pay, we'll consider your location, education, experience, and other job-related factors. Your recruiter can share more information about the specific salary range during the hiring process. Encova Insurance has an immediate opening for a senior commercial lines underwriter for our Columbus location. This role will have the option to work a hybrid schedule at either our Columbus, Ohio or Charleston, WV location. We can hire at multiple seniority levels depending on candidate qualifications. This role will report to a regional vice president, commercial lines. JOB OBJECTIVE: The Senior Underwriter, Small Business reviews routine insurance applications to evaluate, classify and rate each risk to determine acceptability, coverage and pricing. The Senior Underwriter is responsible for the financial performance of an assigned book of business and is expected to achieve profitable retention and growth. The position's objective is to seek out profitable business opportunities, review risks and determine acceptability. The Senior Underwriter is responsible to take action to achieve results that positively impact sales and profitability. ESSENTIAL FUNCTIONS: 1. Determines the acceptability, quality, pricing, profitability and opportunity for new and existing business. 2. Completes thorough risk analysis on designated accounts using appropriate Encova, NCCI, ISO and industry rules, policies, procedures, and guidelines, etc. 3. Underwrites and assesses risk for routine, small to mid-size, renewals and new business items. 4. Uses the predictive model for straight through processing of a high volume of accounts. 5. Utilizes Encova systems to transact requests and endorsements. 6. Communicates with agents electronically through internal Encova portal. 7. Identifies, creates and initiates new business opportunities within assigned book of business. 8. Gathers and analyzes information necessary to make an accurate evaluation of risk. 9. Determines appropriate pricing based on risk exposures, risk quality, loss potential and coverage provided. 10. Utilizes available resources including company underwriting guidelines, business unit strategies, and consultations with others to ensure adequate understanding of risk exposures. 11. Prepares and participates in proposals as needed to producers. Negotiates proposal terms and conditions as needed. 12. Ensures the proper issuance of policies, certificates, filings and notifications. 13. Effectively utilizes federal and state specific rules and guidance to ensure proper policy construction. 14. Seeks the guidance of management on risks exceeding assigned authority levels. 15. Identifies underwriting issues; recommends and develops plans for problem resolution and implements where appropriate. 16. Manages existing and prospective accounts by actively participating in account renewals, new business presentations as needed and discussion with agents. 17. Participates in monitoring and analyzing performance of assigned agents; initiates actions and recognizes consequences of alternative actions. 18. Mentors less experienced underwriters and underwriting support team members to achieve profitable retention, growth and customer service standards. 19. Develop and lead underwriting training sessions, as assigned. 20. Participate in the underwriting quality review process as an adjunct reviewer. 21. Serves as a resource for other team members and units. 22. Brings a solid understanding of compliance issues and regulatory environment in all project development and implementation. 23. Active involvement in development projects - including business requirements and timelines - that impact coverage, pricing, rating, systems logic, automation, and best practices. 24. Responsible for the account management which includes the coordination of service delivery of the various disciplines within the team. 25. Regularly utilize analytics dashboards to monitor and make adjustments to the drivers of profitability and growth for your assigned account portfolio. 26. In collaboration with your manager, maintain an individual development plan and identify and recommend the best method(s) for developing required skills 27. Participation in training and mentoring other underwriting associates. OTHER FUNCTIONS: 1. Travel to various locations to support business objectives whenever necessary. 2. Perform other duties as assigned. KNOWLEDGE, SKILLS AND ABILITIES:
This position has been evaluated in accordance with the Americans with Disabilities Act. Encova Insurance makes every effort to reasonably accommodate disabilities to permit performance of the essential functions and candidates who need such accommodation are encouraged to seek it. This description reflects the nature and level of work performed by associates in this position. It is not an all-inclusive inventory of duties, responsibilities and qualifications required. It provides an accurate overview of the work and skills needed to perform this position. Because job content may change from time to time, Encova Insurance reserves the right to add and/or delete functions from this job as it deems necessary for business reasons. Ready to join our team? What you can expect from us |