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Preferred Mutual Insurance Company · 1 month ago

Underwriter - PL

United States

Full-time

Hybrid

New Grad, Entry Level

$60K/yr - $80K/yr

0+ years exp

Preferred Mutual Insurance Company is an independent mutual insurance provider focused on delivering flexible solutions to clients. The Underwriter role involves underwriting new and renewal policies while building strong relationships with assigned agents, driving profitable growth, and maintaining service standards.

Auto InsuranceFinancial ServicesInsurance

Responsibilities

Foster and maintain key agency relationships within an assigned agency base

Cultivate, review, and underwrite new and renewal policy accounts with assigned agents

Ensure proper classification and pricing of individual risks, leveraging company models in addition to individual risk underwriting

Perform selection or rejection of insurance risks in accordance with company standards and procedures as outlined in underwriting guidelines

Apply sales and marketing techniques and efforts towards new business/renewal, meeting business and agency goals

Drive sales/growth within assigned Agency base, meeting production, retention, rate and profitability goals within the territory

Maintain external visibility with agency partners via a combination of in-person travel, virtual meetings, and proactive phone/email communications

Develop technical expertise in product offerings, forms, policy language, (including competitor offerings) etc

Develop an understanding of the agency review process, contributing to the development of tactics to achieve financial plans

Participate in the maintenance and updating of departmental procedures

Leveraging portfolio management tools and techniques, participating in enhancing self and team’s overall knowledge and expertise of the book of business

Agency Management: Work with Territory Managers to recognize and analyze agency performance, working with management to make appropriate adjustments to drive increased growth and/or profitability

Qualification

P&C underwriting experienceInsurance product knowledgeRelationship managementCommunication skillsTime management skillsTeam buildingNegotiation skillsOrganizational skills

Required

High School Diploma or equivalent

Excellent oral and written communication, listening, team building, organizational and negotiation skills

Relationship management experience and proven ability to manage conflict and drive sales

Time management skills that support the achievement of goals and objectives

Knowledge of insurance products, underwriting guidelines and philosophy

Skilled in the areas of account planning, account selling and product strategies

Demonstrated ability to analyze and proactively respond to market needs and trends by recommending programs that are mutually beneficial and profitable to the Agency and the Company

Valid driver's license and ability to travel up to 10% of the time regularly, more travel may be required as business needs dictate

Preferred

bachelor's degree

Experience in insurance industry, P&C underwriting experience strongly preferred

Underwriter: 0-3 years

Benefits

Short-term disability, long-term disability, and life insurance coverage are provided at no cost

Optional benefits include enhanced life insurance and critical illness plans

401k plan with an employer contribution that you will receive regardless of your own contribution to the plan

A cash-balance pension plan

Student Loan Repayment Assistance

A short-term incentive plan for all employees

Generous paid time off, offering of 25 days at hire (prorated based on start date for the first year)

7 days of paid sick leave

10 paid company holidays

Personalized paid time off after 3 years!

Access to 26 sessions with a BetterHelp therapist each year for you and up to 5 dependents, as well as access to all of BetterHelp’s group and digital resources

Access to Family First, a team of care experts who can provide you and your loved ones 1:1 assistance with a variety of caregiving solutions, from elder care to legal and financial challenges, insurance and Medicare navigation, and more!

Medical, dental, and vision coverage options begin on the first day of employment

Health Savings Accounts (with a generous employer contribution!)

Company

Preferred Mutual Insurance Company

Preferred Mutual, a property and casualty insurance provider, helping more than 235,000 customers and over 500 independent agent partners Live Assured every day through superior products and unsurpassed customer service.

Founded in 1896

New Berlin, New York, USA

201-500 employees