Farmers Insurance Group
-
Melville,
NY
Responsible for profitable growth of Property/Casualty and WorkersCompensation business through proper classification and pricing of riskswithin assigned territory/industry. Evaluates commercial business forrisk acceptability - matching price to exposure, loss frequency andseverity for profitability, and rating plans/modifications for renewalretention. Establishes collaborative relationships with Agencies tounderstand the external marketplace and underwrites within establishedperformance standards and priorities that are responsive to marketing,underwriting, retention and service goals.
Position Requirements
Accountable for selecting, underwriting and pricing decisions of anassigned book of business within authority levels.Accepts, modifies or rejects risks based on a review of business interms of loss experience, inspection reports, file information, webresources, policyholder tenure, related policies, and nature of risk inaccordance with company guidelines, standards and compliance with statelaws. Provides documentation for any exceptions to establishedguidelines and critical account information relating to the finalunderwriting decision.Verifies coverage eligibility. Interprets policy contractlanguage/forms and uses approved classification systems, rating plansand selection standards to determine eligibility, desirability andproper classification/pricing.Effectively communicates decisions and resolve agent/customer concernspromptly.Provides technical assistance to internal and external customersregarding coverage interpretations, policy and endorsement provisions,and underwriting acceptability for commercial property/casualty andworkers compensation coverages.Develops collaborative working relationships with assigned agentsproviding excellent customer service. Includes effective communicationthrough phone calls and email to gather and analyze necessaryinformation critical to the underwriting process and occasional fieldvisits, to create new business opportunities and improve policy renewalretention.At direction of the Team Manager, evaluates unprofitable books ofbusiness, agents or districts. Assists in developing plans to improveprofitability.Informs team Manager of weakness in coverage and/or products that areadversely impacting growth potential. Gathers pertinent competitiveinformation to assist in developing recommendations to productdevelopment.Provides support in a mentoring role to other team members within thecommercial department, providing underwriting philosophy, guidance andtraining on transactions that exceed team member authority levels.Assist in educating agencies on products, services, automation, andunderwriting standards as well as sales and cross selling techniques topromote accomplishment of our corporate goals.Takes the lead in special projects and performs other duties andresponsibilities as assigned by the Commercial Service team manager.Maintains underwriting quality standardsMay be required to work outside of core business hours depending onbusiness needsPerforms other functions as assigned.
Preferred Skills and Abilities
Enter preferred skills and abilities.
Physical Actions
Required job duties include sedentary work as well as some or all of thefollowing physical activities; lifting and/or carrying 40-lbs(suitcases, projectors, handouts, laptop computer, etc.), seeing,speaking, hearing, and occasional operation of a motor vehicle.
Physical Environment
Required job duties are normally performed n a climate controlled officeenvironment, with occasional job duties performed in company car,airplane, hotels and various physical sites dictated by travel that arenot always in a climate controlled environment. May be required to workoutside of core business hours depending on business needs.
Education Requirements
Four-year college degreeThree parts of CPCU, including 510, 520 and 551 or 552.
Experience Requirements
Two to four years of Commercial Underwriting experience.
Special Skills Requirements
Technical expertise in commercial risk selection and pricing.Knowledge of management information and business systems (Word, Excel,PowerPoint, Access).Excellent verbal, written and interpersonal skills, with demonstratedpresentation skills.Analytical thinking skills are necessary to make timely, appropriatedecisions and recommendations after reviewing all relevant information.Ability to successfully interact with the agency force to grow businesswhile at the same time maintaining underwriting discipline.Ability to read and interpret policy contract language.Working broad-based knowledge of relevant insurance laws and statutes;the contract issue process, computer systems, competitor’s products andmarketing practices.The above statements are intended to describe the general nature andlevel of work being performed by people assigned to this job. They arenot intended to be an exhaustive list of all functions, physical demandsand skills required of personnel so classified.
Melville, NY
Melville, New York
|
|
|
