PROFESSIONAL LIABILITY SENIOR UNDERWRITER
Job Description
Professional Liability Underwriter/Broker:
Our client with almost 30 years of experience, a national footprint, many markets to place business, including specialty and hard-to-place risks, is looking for a talented Professional Liability Underwriter/Broker.
JOB DESCRIPTI0N:
- To develop the business of an assigned group of retail agents:
- who have a certain loyalty to Our client;
- who follow the philosophy of Our client regarding submitting applications, binding risks, and paying in a timely manner;
- who regularly produce a good flow of submissions to Our client;
- who have an average “hit ratio” of 33%.
- To follow organization and department procedures and to complete tasks in a timely manner.
- To have a good attendance record.
- To produce a book of business equal to at least $300,000 in revenues to Our client after a maximum of three years at Our client.
- To represent Our client well in every instance.
QUALIFICATIONS:
- Excellent computer, typing, word processing and speaking skills.
- Proficiency in the use of ImageRight and OMNI Plus.
- Ease with numbers, negotiation of premiums, details.
- Minimum of 5 years experience as a Professional Underwriter/Broker at an MGA or insurance company.
- Completion of classes and testing required for a General Lines License by the end of six months at Our client; regular completion of required Continuing Education classes. CE classes will be reimbursed by Our client.
- Excellent knowledge of rating, coverages, and underwriting guidelines for Our client’s specific insurance markets.
- Ability to work with limited supervision.
- Ability to bring at hiring, or to develop within a reasonable time, enough retail agents to produce a minimum of $300,000 in revenues per year (within three years). Interest in becoming an “entrepreneur” regarding production, marketing and bonuses.
RESPONSIBILITIES:
- Remain up-to-date on all guidelines and forms of Our client’s markets.
- Visit all assigned agents at least once a year, documenting the visits in OMNI.
- Request of the agents any information required prior to issuing a proper quote.
- Whenever possible, respond to all agent requests the same day that the request was made.
- Follow up with risks submitted to the various markets, and keep the agents informed of the status of their submissions.
- Issue quotes to the agents in a timely and professional manner.
- Document all transactions and correspondence in accordance with Our client procedures.
- Upon receiving binder requests, follow all Our client procedures necessary to produce policies in a timely manner.
- As much as is possible, protect Our client and its markets from adverse risks and questionable underwriting information provided by agents.
- Develop good relationships with all market representatives.
- Work as a good team member with all Our client employees.
OBJECTIVES:
- To produce a profitable book of business from each of the agents assigned to you.
- To achieve the yearly individual production objectives set by management.