Job description
The Position:
Salary Range: $50,000 - $70,000
Job Responsibilities:
Desired Skills/Experience:
Education:
The Commercial Lines Underwriter I manages both a book of commercial property/casualty insurance business and agency relationships in order to grow the insurance program while maintaining underwriting discipline and profitability. This position involves making sound underwriting decisions based on individual risk characteristics, exposure analysis, hazard recognition and controls.
Salary Range: $50,000 - $70,000
Job Responsibilities:
- Analyze risks for program suitability and appropriate pricing in accordance with company guidelines and individual underwriting authority
- Quote and release renewal business within company and broker requirements
- Quote renewal and new business needing management referral in a time frame that allows for non-renewal or declination
- Maintain familiarity and compliance with state insurance regulations and ISO rules for all states within the underwriting territory
- Maintain open communications and build relationships with brokers, marketing managers, and management regarding all underwriting functions
- Analyze and approve requested policy changes as appropriate
- Prepare policies for issuance
- Work closely with Risk Management to assist insureds in improving operations
- Monitor specified accounts for possible nonrenewal or other underwriting considerations
- Provide timely, professional, polite, and friendly customer service through email and phone
- Coordinate consumer requests, such as: insurance proposals, policy copies, proof of insurance, optional quotes, certificates, etc.
- Assist and educate agents/brokers on program specific product and policy coverages
- Solicit new business submissions
- Provide backup support for other associates when necessary
- Prepare risk overview documents and schedule meetings with appropriate personnel when applicable
- Maintain familiarity with market conditions and competitor intelligence
- Monitor internal reports such as loss triangles, loss ratios, hit ratios, retention, etc.
- Other duties as assigned
- Complete special projects as assigned
- Present a professional appearance and positive attitude at all times
- Some travel as deemed necessary
Desired Skills/Experience:
- Excellent verbal and written communication skills
- Strong negotiation and interpersonal skills
- Strong analytical skills with attention to detail
- Solid time management and organizational skills
- Ability to work independently and prioritize, maintaining required production levels
- Meet expectations for attendance and punctuality
- Strong understanding of commercial lines rating and underwriting practices and concepts
Education:
Bachelor’s degree or equivalent education/experience preferred- AINS or other insurance designation or equivalent preferred
- One to three years of insurance experience preferred
- Proficient knowledge of computers in a windows-based environment required
McNeil & Co. is a nationwide leader in specialized insurance programs, drawing on deep industry expertise to develop and deliver policies and risk management services that meet the unique needs of clients. McNeil & Co. offers the best possible specialized coverage, along with a full array of risk management services, to help customers maximize preparedness and grow their businesses. Established in 1989 to answer a need for more comprehensive, tailored policies in the emergency services market, McNeil & Co. has developed and expanded a model for specialty insurance programs based on genuine industry knowledge and a consultative approach to loss control and risk management. Acclaimed products include AdvenSure, AnimalKeepers, ASIP, Car Wash, ESIP (and Benefits), FireWatch, HOMed (O&P Plus), WildPRO and the Bar, Tavern, Club program.
McNeil & Company is based in Cortland, NY with offices in Denver, CO, Petaluma, CA, Orland Park, IL and Latham, NY. McNeil & Co. is owned by Arch Capital Group Ltd., a Bermuda-based company that provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries. For more information, visit: mcneilandcompany.com.
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