Sr. Production Underwriter - Human Services
Company: Illinois Association of Mutual Insurance Companies
Location: Chicago
Posted on: March 19, 2023
Job Description:
Company DetailsBerkley Human Services, a Berkley Company, is
devoted to meeting the needs of Human Services Organizations. Our
insurance policies are written through our Berkley affiliates, each
of which is rated A+ (Superior) by A.M. Best Company with a
Financial Category of XV.We offer property and casualty coverages
designed for the unique operational aspects of social service
organizations. Our Human Services Program dates back to 1989, and
has continuously evolved to meet the unique needs of the market we
serve. We insure both nonprofit and for-profit social service
organizations, such as child daycare, sheltered workshops, group
homes, senior citizen centers, senior independent living, schools,
counseling services, YMCAs, YWCAs, and Boys & Girls
Clubs.ResponsibilitiesThe Senior Production Underwriter is
responsible to develop, grow and maintain a profitable book of
Human Services business within an assigned territory through
marketing and underwriting processes; demonstrate functional
technical knowledge of underwriting concepts, practices, procedures
and techniques to include coverage issues, product lines,
marketing, relevant systems and competition in the market place.
Manages relationship with assigned producers to manage submission,
quote and bind activity and deliver on service commitments
established by the designated Service Level Agreement (SLA).Key
functions include but are not limited to the following:
- Risk Selection: evaluate/assess submitted applications for
appetite acceptability; assess risk and determine premium, terms
and conditions in accordance with Letter of Authority (LOA) for new
and renewal business; generate quote proposals and deliver to
producers; negotiate final terms leading to binding.
- Producer Relationships: develop and maintain relationship
through regular visits and phone contact; review pipeline and
prospect lists; develop leads; review Producer Score Card and
provide ongoing feedback toward goal commitments.
- Complete underwriting checklists outlining underwriting thought
process, loss analysis, pricing theory and risk
characteristics.
- Maintain records and prepare required reports as necessary,
including Salesforce, Clearance, BPMi and any other systems
involved.
- Meet or communicate with marketing personnel as warranted,
including sharing competitive information, requesting
support/assistance with the relationships, and seeking assistance
in marketing strategy.
- Maintain contact with and act as liaison between independent
agents, claims adjusters, finance team members, actuarial team
members, Risk Control team members and other concerned parties in
administering accounts where necessary.
- Maintain and update files for underwriting reviews.
- Provide instructions for policy issuance.
- Handle endorsement requests to ensure timely processing.
- Assist and/or mentor other members of the department including
underwriters, assistant underwriters, and Operations team members
as warranted.Qualifications
- Four-year college degree or equivalent experience.
- Minimum of 7 years of multi-line underwriting and marketing
experience.
- Knowledge of insurance rating, structure, forms and
coverages.
- Ability to maintain confidential information.
- Strong interpersonal, presentation and negotiation skills to
include the ability to affirmatively close sales.
- Exceptional verbal and written communication skills.
- Strong decision-making skills.
- Strong PC and keyboarding skills, including working with MS
Excel, Word and PowerPoint.
- Valid driver's license and good driving record
required.Additional Company DetailsThe Company is an equal
employment opportunity employer. Additional RequirementsCOVID-19
vaccine required unless prohibited by law.The Senior Production
Underwriter is responsible to develop, grow and maintain a
profitable book of Human Services business within an assigned
territory through marketing and underwriting processes; demonstrate
functional technical knowledge of underwriting concepts, practices,
procedures and techniques to include coverage issues, product
lines, marketing, relevant systems and competition in the market
place. Manages relationship with assigned producers to manage
submission, quote and bind activity and deliver on service
commitments established by the designated Service Level Agreement
(SLA). Key functions include but are not limited to the following:
- Risk Selection: evaluate/assess submitted applications for
appetite acceptability; assess risk and determine premium, terms
and conditions in accordance with Letter of Authority (LOA) for new
and renewal business; generate quote proposals and deliver to
producers; negotiate final terms leading to binding. - Producer
Relationships: develop and maintain relationship through regular
visits and phone contact; review pipeline and prospect lists;
develop leads; review Producer Score Card and provide ongoing
feedback toward goal commitments. - Complete underwriting
checklists outlining underwriting thought process, loss analysis,
pricing theory and risk characteristics. - Maintain records and
prepare required reports as necessary, including Salesforce,
Clearance, BPMi and any other systems involved. - Meet or
communicate with marketing personnel as warranted, including
sharing competitive information, requesting support/assistance with
the relationships, and seeking assistance in marketing strategy. -
Maintain contact with and act as liaison between independent
agents, claims adjusters, finance team members, actuarial team
members, Risk Control team members and other concerned parties in
administering accounts where necessary. - Maintain and update files
for underwriting reviews. - Provide instructions for policy
issuance. - Handle endorsement requests to ensure timely
processing. - Assist and/or mentor other members of the department
including underwriters, assistant underwriters, and Operations team
members as warranted.Mid-Senior Level
Keywords: Illinois Association of Mutual Insurance Companies, Chicago , Sr. Production Underwriter - Human Services, Professions , Chicago, Illinois
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