Title: Sr. Commercial Property Underwriter
Location: On-site in Richmond, VA (No remote option)
Job Summary
The Sr. Underwriter is responsible for underwriting risks (new and renewal) in a book of business to achieve company premium and profit goals. Individual contributor responsible for the overall management, business development, analysis and monitoring of a book of business. Participates in product line management including product enhancement as well as corrective actions. Maintains and develops broker relationships.
Responsibilities
- Underwriting and binding of new and renewal business, and overall management of assigned brokers, territory, and policies
- Review small to mid-size complex risks to verify acceptability based on company underwriting appetite and your underwriting authority.
- Determine whether to accept, provide an option(s), or decline risks. Oversee, review, and approve endorsements.
- Direct loss control services on specific issues for better risk assessment
- Utilize underwriting tools to determine accurate classifications, rates, and premium charges.
- Review and resolve premium audit inquiries and disputes.
- Communicate with brokers to develop opportunities, obtaining additional information when needed and to promote underwriting appetite for risk.
- Create, analyze, and interpret information from various reports.
- Develop positive working relationships with brokers, throughdaily interactions and travel to brokerage offices.
- Contribute to training, mentoring, and on-boarding of new or less experienced team members.
- Handle other duties as assigned.
Preferred Qualifications:
- Bachelor’s degree and 4+ years surplus lines underwriting experience, and/or equivalent combination of education and relevant underwriting experience.
- Excellent analytical and organizational skills.
- Understanding and ability to effectively engage in the negotiation process.
- Previous insurance educational work, IIA and/or CPCU designation strongly preferred.
- Detail oriented with a drive for success and the ability to collaborate effectively and work independently in a fast-paced environment.
- Advanced knowledge of computer programs, including Word, Excel, and Outlook.
