United Fire Group

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Small Business Unit Portfolio Underwriter

Small Business Unit Portfolio Underwriter

Job ID 
2018-1786
# of Openings 
1
Job Locations 
US-IA-Cedar Rapids
Posted Date 
6/28/2018
Category 
Underwriting
Travel 
10%
Company Car Provided? 
No

More information about this job

Overview

UFG can offer you an award-winning workplace and a trustworthy, financially-stable company. While we’ve always known our commitment to employees and financial stewardship, it is good to have others recognize our dedicated efforts. UFG was named to the “2017 Top Workplaces” list by The Des Moines Register, and was also included on the Forbes’ America’s Most Trustworthy Financial Companies” list for 2015, 2016 and 2017. Additionally, UFG is a super-regional property and casualty insurer rated “A” (Excellent) by A.M. Best Company.

 

UFG is seeking and SBU Portfolio Underwriter.

 

A Small Business Unit Portfolio Underwriter will manage and portfolio underwrite a commercial underwriting territory of $4M to $7M. Work hard to attain positive results (premium growth and acceptable loss ratios) through sound risk selection, developing strong relationships with agency personnel, and providing a quality product combined with excellent service as well as provide training to new employees as needed.

Responsibilities

  • Review applications, risk assessment reports (credit reports, insurance scores) MVR’s, Loss experience, Loss control reports, Corporate underwriting guidelines and product brochures for risk acceptability. May consult management, other underwriters, Internet, and Best Guide.
  • Responsible for routine renewal underwriting, retention and subsequent transactions on accounts within authority level; referring risk and exposures exceeding assigned authority levels to appropriate underwriters, supervisor or managers as direct in authority level.
  • Information analysis/managing a book of business.
  • Review applications, endorsement requests and renewals for limits and coverages requested.
  • Insure risk is properly classed. IRPM’s, experience rating of judgment rates when necessary.  Place risk in the proper program.  Review renewals and apply small Business Unit Strategies. 
  • Work with agents and CSRs to obtain a saleable program for the agent/insured while avoiding adverse selection against United Fire.

Qualifications

  • Four year college degree or equivalent insurance experience with INS designation and working toward Associate in Commercial Underwriting.
  • Two years to five years commercial lines underwriting experience.
  • Risk evaluation skills
  • Insurance contract knowledge
  • Effective communication skills both written and verbal
  • Common sense judgment
  • Negotiation skills
  • Excellent human relations skills

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