Underwriter Lead - Real Estate Insurance

SUMMARY

Responsible for reviewing, underwriting and rating broker submissions for new and renewal business.  Ensures content of submissions is complete; obtains additional information from Retail Producers and Account Managers as needed.  Markets to carrier to obtain quotes, negotiate pricing, define coverage’s, and determine commissions.

ESSENTIAL DUTIES AND RESPONSIBILITIES

•    Evaluates new and renewal business in accordance with established underwriting guidelines in order to achieve goals of profit, rate and growth;

•    Manages preparation of program renewal specifications and distribution to markets;

•    Participates in all appropriate committees as recognized in managed programs;

•    Works with program’s insurance/reinsurance markets to formalize and implement annual business plan;

•    Manages renewal expiration lists and creates timelines for renewals;

•    Reviews policies and endorsements to identify errors or omissions to ensure agreement with binding order; reviews for discrepancies with application, quote, proposal, and/or binder;

•    Orders necessary reports such as credit, location, motor vehicle, and/or inspection reports, as well as building cost estimates;

•    Analyzes inspection reports to accept or reject new business;

•    Coordinates the preparation of policy delivery with all related documents;

•    Issues policies and endorsements; binds coverage and coordinates binders/evidences;

•    Technical expert assisting management, staff, producers, carriers and account managers with resolving complex issues;

•    Coordinates the preparation and distribution of management reports;

•    Maintains and manages coverage bordereaux;

•    Manages and delegates work to underwriters, assistant underwriters and administrative staff; monitors to ensure timely and accurate completion;

•    Maintains updated logs; submissions, written or lost business;

•    Maintains files, historical data and client suspense; conducts follow-ups as appropriate;

•    Coordinates underwriting audits;

•    Complies with agency management system data standards and data integrity (enters and maintains complete and accurate information);

•    Other duties as assigned.

QUALIFICATIONS

EDUCATION / EXPERIENCE

Bachelor’s degree or equivalent combination of education and experience

Eight (8) or more years related work experience; knowledge of insurance industry and prior supervisory experience preferred

Requires a valid insurance license; must continue to meet requirements for license renewal 

Requires a valid driver’s license

SKILLS

Excellent verbal and written communication skills

Good customer service skills, including telephone and listening skills

Good problem solving and time management skills

Ability to work within a team and to foster teamwork 

Excellent planning, organizational and prioritization skills

Ability to perform complex mathematical functions 

Proficient in Microsoft Office products

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