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Underwriter

Arch Insurance Group Inc.
Posted a month ago, valid for 15 days
Location

Cortland, NY, US

Salary

$50,000 - $60,000 per year

Contract type

Full Time

Paid Time Off
Tuition Reimbursement

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Sonic Summary

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  • The Commercial Lines Underwriter I position involves managing a book of property/casualty business and nurturing agency relationships to enhance customer service.
  • Candidates should have one to three years of underwriting or customer service experience in the insurance industry.
  • The base salary for this role ranges from $50,000 to $60,000 per year, with additional incentives based on various factors.
  • Essential functions include analyzing new and renewal business, adhering to underwriting guidelines, and maintaining program profitability.
  • The company promotes a collaborative culture and offers comprehensive benefits, including medical plans, a competitive 401k, and generous paid time off.

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibilityâ„ .

Position Summary

The Commercial Lines Underwriter I is responsible for managing a book of property/casualty business. This position nurtures agency relationships in order to enhance the customer service experience, while also maintaining underwriting discipline and program profitability.

Essential Functions
• Analyze new and/or renewal business for program eligibility and price business in accordance with program rate and retention targets
• Adhere to Underwriter Authority Agreement
• Adhere to Service Standard Agreement
• Develop and maintain strong interpersonal relationships with internal and external customers through professional and efficient customer service
• Ability to work efficiently and effectively in one core McNeil Program
Additional Responsibilities:
• Gain understanding of ISO rules/rates, underwriting manuals and, underwriting guidelines
• Rating new and renewal business as needed
• Comply with state insurance regulations according to ODEN
• Analyze and approve requested policy changes/endorsements
• Work with Risk Management to assist insureds in improving operations and mitigating risk
• Process cancellations, non-renewals, reinstatements as needed
• Gain understanding of program specific product and coverages
• Provide support for other associates when necessary
• Gain familiarity with market conditions and competitor intelligence
• Gain familiarity of underwriting reports to ensure program profitability. This includes, but is not limited to, contract expiration reports, referral reports, loss experience reports, pricing reports and retention reports.
• Foster a team environment with among team members
• Assist with special projects as assigned

Knowledge, Skills, and Abilities
• Bachelor’s degree or equivalent education/experience preferred
• AINS or CISR designation a plus
• One to three years of underwriting or customer service experience with an insurance company preferred
• Excellent verbal and written communication skills
• Strong negotiation and interpersonal skills
• Strong analytical skills with attention to detail
• Solid time management and organizational skills
• Ability to prioritize and work independently

For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.

$50,000 - $60,000/year

  • Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.

  • Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. Click here to learn more on available benefits.

     

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

20200 McNeil & Company, Inc.



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By applying, a Arch Insurance Group Inc. account will be created for you. Arch Insurance Group Inc.'s Privacy Policy and Terms & Conditions will apply.

SonicJobs' Terms & Conditions and Privacy Policy also apply.