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BITCO Insurance Companies · 2 months ago

Sr. Underwriter-Public Entity

Davenport, IA, 52807, United States

Full-time

Hybrid

Senior Level

BITCO Corporation, headquartered in Davenport, Iowa, is seeking a Senior Underwriter for their Corporate Office. This role involves evaluating insurance applications and underwriting new and renewal business, focusing on Public Entity, while fostering strong agency partnerships.

Insurance

Responsibilities

Decide whether to accept, decline, or modify applications or requests to sell an insurance policy and once sold, recognize and evaluate exposure changes as they occur during a policy period

Evaluate, quote, and negotiate prices on applications from new and renewal customers and requests for changes in policies which requires an understanding of statutory requirements, ISO, company and NCCI coverage forms and endorsements and commercial line reference materials, including Best's Underwriting Guide

Manage a group of agencies, including prospecting for new agencies, agency appointment, growth and development, maximization of agency profit sharing opportunities and credit management; evaluating agency factors, including agency personnel, line diversification, loss ratio, agency book of business, volume and profit potential and which agencies to appoint or terminate

Solicit new business and retain renewal business through effective presentations to agency and customer audiences

Manage and develop business in an assigned territory, including achieving profitable underwriting results, sales development and customer service functions

Formulate, plan and achieve sales budgets, with objectives to support business planning, for assigned accounts and territory, including setting and achieving premium and loss ratio goals, agency and prospecting calls and business forecasting

Working with a structured referral process, maintain, promote and increase profitable sales from current and prospective customer accounts through, among other activities, regular agency visits, developing agency relationships and agency reviews

Make decisions within stated levels of authority and company guidelines, seek exceptions to guidelines as needed when supported by appropriate data

Identify and take appropriate action on changes in customer operations or financial conditions

Maintain and promote profitable business relationships with current and prospective customer accounts, through effective marketing, sales and service efforts

Coordinate, promote and market claims, risk control and premium audit service plans to current and prospective customers

Maintain knowledge of corporate, regulatory, and competitive changes in lines of business written

Other duties assigned

Qualification

Field UnderwritingUnderwriting New & Renewal BusinessAnalyzing & Managing ExposuresAgency ManagementExternal Sales

Required

Field Underwriting– Public Entity experience required

Underwriting New & Renewal Business– determine pricing and understanding commercial lines policy forms and coverages

Analyzing & Managing Exposures– Develop action plans to manage risks and changes during a policy period

Agency Management– Growth and development; prospecting; appointment; and maximization of opportunities and responsibilities

External Sales– Cultivate new business while demonstrating retention of current customers through presentations to agencies and customers

Valid Driver's License with acceptable Motor Vehicle Report

Benefits

Competitive salary and benefits

Paid Time Off and 12 paid holidays a year

Health, dental, and vision insurance

Company paid life insurance – 2x annual earnings

Old Republic 401(k) Savings and Profit Sharing Plan

Education and training opportunities

Insurance designations encouraged with financial assistance available

Daily two-hour flexible start and end time for 7.5-hour workday

Employee Fitness Program

Company

BITCO Insurance Companies

Provides quality insurance services to special industries including construction, forest products and oil & gas. It is a sub-organization of Old Republic International Corporation.

Founded in 1917