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Commercial Insurance Underwriter
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Based on Texas data
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What they do
An Insurance Underwriter evaluates and measures risk and advises businesses in insurance, banking and securities. Recommends customers to be approved for insurance coverage, and develops policies and premium levels. Reviews loan applications, evaluates credit-worthiness of loan applicants and analyzes the investment risk of a loan for the bank. Evaluates risk in different types of securities and advises clients on investments that will yield highest profits.
$73,861 / year median in Texas
-4% projected decline
Job Description
The Role:
Commercial Underwriter Location:
Virtual/Hybrid - Preferred you live in TX, MS, AR, OK, LA, AL, or MO. Owens Insurance Agency, located in Clinton, Mississippi, is an MGA/Broker specializing in surplus lines business. With over 50 years in operations, we write both commercial and personal lines property and casualty insurance in Mississippi, Alabama, Arkansas, Louisiana, Oklahoma, and Missouri. Due to our continued growth, we are seeking to hire a Commercial Underwriter. If you are looking for more than just your next job and want an opportunity to build a career with a growing company and a great team, we would love to talk with you. As a growing MGA representing many well-known companies, including being a Lloyds of London cover holder, we are seeking an experienced commercial underwriter to evaluate, rate, or decline new business. The commercial underwriter will work closely with agents and company underwriters to ensure all policies are underwritten in the most efficient and effective manner while meeting service standards and following company guidelines.Responsibilities and Essential Functions:
- Leads the daily triage of commercial new business submissions
- Reviews submissions and interacts with producers to ensure all submissions are accurate and complete
- Rates and quotes new business with in-house companies and outside brokers
- Presents new business quotes to producers
- Documents underwriting decisions within standards and expectations
- Binds and issues policies within authority
- Follows through after policy issuance with verifying required documents are provided timely to the company
- Works with company underwriters to follow-up on inspection compliance and audit requirements
- Prepares certificate of insurance and binders as needed What skills and qualifications do I need?
- High-school diploma or equivalent and five (5) or more years of experience in the insurance industry.
- Knowledge of lines of business and the legal and regulatory guidelines.
- Experience underwriting garage related risks, including Garage Liability and Garage Keepers coverage is a plus, but not required.
- Active Property & Casualty insurance license.
- Understands the importance of meeting new business quoting and service deadlines.
- You are a go-getter and are not afraid to learn something new.
- Experience working with multiple computer systems a plus.
- You have worked in a small office and are used to wearing multiple hats.
- You are detail-oriented, resourceful, have a positive attitude, work easily in a fast-paced environment, can handle multiple projects, exercise sound judgement.