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Coverys · 1 day ago

Underwriter II

East Lansing, MI

Full-time

Hybrid

Mid Level

$82K/yr - $110K/yr

4+ years exp

Coverys is a company focused on evaluating risks for insurance policies. The Underwriter II will assess new and renewal risks to ensure proper selection, pricing, and terms for policies within an assigned territory.

AnalyticsInsuranceInsurTechMedicalRisk Management

Responsibilities

Risk evaluation. Evaluate submissions to determine acceptability of risks in accordance with company guidelines and standards. Determine proper coverage, pricing, limits and terms based on exposure

Guideline adherence. Understand and follow the applicable underwriting guidelines, policies, and procedures to maintain consistency and adherence to industry regulations. Operate within assigned letter of underwriting authority

External communication. Interact with customers, agents, and brokers to gather necessary information and to clarify underwriting requirements. Negotiate policy terms. Participate in stewardship meetings

Data analysis. Utilize analytical tools to evaluate exposure and understand the driver of claims

Collaboration. Drive a multi-disciplinary approach to understanding insureds’ risks. Collaborate with other underwriters and team members to gain a comprehensive understanding of the exposure and best means to provide coverage

Documentation. Maintain accurate and detailed records of underwriting decisions and communication with both internal and external parties. Responsible for documenting the underwriting process and decisions of assigned policies

Portfolio Management. Manage profitability, risk characteristics, submission flow, agent/broker relationships and customer service of assigned territory. Exhibit knowledge of insurance and health care industries and other companies underwriting similar coverage

Marketing. Assist in marketing activities

Project work. May participate on or lead projects

Qualification

Risk evaluationData analysisUnderwriting guidelinesCPCU designationAnalytical skillsMicrosoft OfficeMarketingCommunication skillsCollaborationDocumentation

Required

Evaluate submissions to determine acceptability of risks in accordance with company guidelines and standards

Determine proper coverage, pricing, limits and terms based on exposure

Understand and follow the applicable underwriting guidelines, policies, and procedures

Operate within assigned letter of underwriting authority

Interact with customers, agents, and brokers to gather necessary information and to clarify underwriting requirements

Negotiate policy terms

Utilize analytical tools to evaluate exposure and understand the driver of claims

Collaborate with other underwriters and team members to gain a comprehensive understanding of the exposure

Maintain accurate and detailed records of underwriting decisions and communication

Manage profitability, risk characteristics, submission flow, agent/broker relationships and customer service of assigned territory

Exhibit knowledge of insurance and health care industries and other companies underwriting similar coverage

Assist in marketing activities

May participate on or lead projects

Strong analytical skills

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, governmental regulations, underwriting guidelines and manuals, bylaws, financials, articles of organization, loss runs, Joint Commission reports and other industry reports

Ability to write reports and business correspondence

Proficiency with Microsoft Office suite of programs

Comfortable and effective in presenting information and responding to questions from groups of managers, clients, customers, and the general public

Ability and willingness to travel up to 20% of the year

Preferred

Bachelor's degree from four-year college or university preferred; or four to seven years related experience and/or training; or equivalent combination of education and experience

Willingness to complete requirements of the CPCU or RPLU designation is preferred