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Penn National Insurance · 1 day ago

Small Business Commercial Lines Underwriter

3200 Northline Ave, Greensboro, NC, 27408, US

Full-time

Hybrid

Entry, Mid Level

1+ years exp

Penn National Insurance is a mutual insurance company with over 106 years of experience, dedicated to helping people feel secure. They are seeking a Small Business Commercial Lines Underwriter to analyze risks associated with insuring new and renewal accounts, communicate underwriting decisions, and build relationships with agents to generate quoting activity.

Financial ServicesInsurance

Responsibilities

Reviews new business, renewals, endorsements, and quote requests to determine acceptability using established underwriting authority and company guidelines

Communicates underwriting decisions, techniques, and interpretation of policy forms and coverages with agents and company personnel regarding risk acceptability, incomplete information, etc

Provides feedback to the Underwriting Manager and designated Territory Manager on quality of submissions and interactions with agency personnel

Communicates underwriting and marketing philosophy or practices to agents and assists with education/training issues within agency

Documents the underwriting files where required, including the actions taken, reasons for decisions, and any follow-up diary needed

Provides input to the Branch Management team about individual agency underwriting performance (i.e., Agency Review meeting, Quarterly Results Management meeting, etc.)

Applies data to solve common business problems

Compiles, manipulates, and analyzes data of varying complexity

Knowledgeable and proficient about what tools are available for data analysis and when they are appropriate to use

Visits agencies with the designated Territory Manager to discuss underwriting matters, assist in the development of new business, and to strengthen agency relations

Responds to Insurance Department complaints and attend periodic hearings

For more complex risks that fall outside of Straight Through Processing, provides additional scrutiny with regard to exposure and coverage analysis in order to determine acceptability

Travels independently to visit agencies as necessary

Drives profitable new business growth

Provides ongoing support to Sr. TM and/or middle market underwriter on non-risk selection and pricing decisions

Supports special underwriting projects and initiatives. These may include, but not limited to, loss prevention, targeted re-underwriting programs, and book rollovers

Establishes appropriate account pricing in accordance with established underwriting authority and company guidelines

Orders and/or analyzes loss control reports, financial reports, MVRs, and other underwriting reports

Evaluates the need for and secure appropriate facultative reinsurance in accordance with established company guidelines

Contributes to the development of company underwriting policy, procedures, and guidelines to assure they reflect current market conditions and contribute to the attainment of division goals

Performs various projects requested or assigned by the Underwriting Manager

Qualification

Underwriting knowledgeData analysisNegotiation skillsMicrosoft Office SuiteCommunication skillsProblem-solving skillsBusiness acumenResearch skillsMath aptitudeTime management

Required

Good working knowledge of underwriting and pricing risks

Good working knowledge of company underwriting standards and philosophy

Good working knowledge of all insurance coverages

Good math aptitude

Excellent research, analytical and problem-solving skills

Excellent oral and written communication skills

Good PC skills, with an emphasis on Microsoft Office Suite; along with demonstrated proficiency in all supplied desktop tools including the automated underwriting and email systems

This position is primarily a sedentary position that requires occasional standing and walking throughout the office environment

Must be able to see and effectively use a computer monitor

Must be able to operate a computer, keyboard and applicable printers and other general office equipment

Must be able to access and enter information accurately using automated systems

Must be able to hear and communicate via the telephone and/or monitoring devices to both internal and external clients

Must be able to present information to individuals and groups

Must be able to interpret and apply concepts that may or may not be based upon established guidelines

Must be able to maintain acceptable attendance and adhere to scheduled work hours

Must have a valid driver's license and be able to operate a motor vehicle

Must be able to travel with overnight stays as required

Preferred

4 - year degree or equivalent work experience or continuing education in specialized insurance courses such as IIA & AU

Successful completion of Commercial Lines Underwriter Trainee curriculum; or 1 to 3 years in a relevant property/casualty underwriting position such as an Commercial Lines Assistant Underwriter, etc