Underwriter I - Renewal

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Position Overview

The Renewal Underwriter I is responsible for working in a Commercial Lines team environment to meet established company profit and growth goals within a designated geographic territory.  This position underwrites renewals and endorsements and completes other underwriting related transactions.

Essential Job Functions

• Accepts, rejects, and prices risks to achieve profitability goals within a territory and to minimize financial peril to the company


• Manages an individual territory within stated underwriting and acceptability guidelines to achieve or exceed retention goals 


• Provides consultation to agents and sales personnel on coverage forms, rate endorsements, and enhancements to promote company products and resolve applicant and insured’s insurance needs


• Reviews and evaluates insured and third party contract language to determine compliance within the company guidelines along with offering appropriate endorsements or coverages


• Accepts, declines, modifies, and negotiates requests for coverage when evaluating renewal business or change requests


• Utilizes underwriting knowledge to educate and train agents and new team members on our underwriting appetite, commercial lines products, coverages, and computer systems


• Uses independent judgement to propose deviation to management from established underwriting guidelines as required to meet growth and profit objectives


• Participates on departmental and enterprise committees to consult on various topics related to Commercial Lines underwriting and operations, as directed


• Acquires, evaluates, and analyzes internal and external information in order to make selection and pricing decisions that are consistent with underwriting philosophy and in accordance with departmental and company initiatives


• Underwrites renewal business, loss control reports, reinstatements, cancellations, endorsements, and other miscellaneous transactions 


• Underwrites small, mono-line quotes and new business submissions


• Communicates underwriting decisions via written verbal correspondence


• Organizes and leads interdepartmental meetings on larger, more complex renewals


• Works in a cross functional team with Personal Lines Underwriting, Life Underwriting, Sales, and other departments to achieve company profit and growth goals


• Assists with the mentoring of Commercial Lines Underwriting staff 


• Performs other duties as assigned 

Education & Experience

• Bachelor’s degree in business-related field or equivalent experience


• Typically requires 3+ years of industry experience

Preferred or Specialized

• Prior experience with commercial insurance rating, customer service, or underwriting

Certifications & LIcenses

• Willingness to actively pursue continuing education and work toward professional insurance designations

Knowledge, Skills & Abilities

Basic ability to:

• Communicate effectively in both oral and written form


• Analyze, organize and prioritize work while meeting multiple deadlines


• Adapt to changes in responsibilities, work processes, timeframes, performance expectations, organizational culture, or work environment


• Work comfortably in a fast-paced work environment


• Define problems, collect data, establish facts, and draw valid conclusions

Basic skill in:

• Customer service

Applicants must be authorized to work in the U.S. without sponsorship now or in the future.

  Pay Range: 

•    $49,000-$63,500  per year 
  
  
  
  • This range is based on the expected level of experience and skills for this position. Final compensation will depend on individual
  
  
  • This position is bonus eligible 
  
  
  
  

 Benefits: 

•  Health, Dental and Vision Insurance


•  Generous 401(k) with company match


• Paid Time Off (PTO) with Paid Holidays


• Flexible/Hybrid Work Schedule


• Paid Volunteer Program

      For more information about the benefits we offer, please visit our Careers Page.