Underwriter, Small Business

Underwriter, Small Business

The Underwriter, Small Business's objective is to review routine risks, determine acceptability, and successfully write profitable business accounts. The underwriter, within designated authority, reviews insurance applications to evaluate, classify and rate each risk to determine acceptability, coverage and pricing. The underwriter is responsible for the financial performance of the assigned book of business and is expected to achieve profitable retention and growth. The underwriter is focused on taking action to achieve results that positively impact sales and profitability.

1. Determine the acceptability, quality, pricing, profitability and opportunity for new and existing business.

2. Complete thorough risk analysis on designated accounts using appropriate Encova, NCCI, ISO and industry rules, policies, procedures, and guidelines, etc.

3. Underwrites and assesses risk for routine, small business renewals and new business items.

4. Uses the predictive model for straight through processing of a high volume of accounts.

5. Utilizes Encova systems to transact requests and endorsements.

6. Communicates with agents electronically through internal Encova systems.

7. Identify, create and initiate new business opportunities within assigned book of business.

8. Gather and analyze information necessary to make an accurate evaluation of risk.

9. Determine appropriate pricing based on risk exposures, risk quality, loss potential and coverage provided.

10. Utilize available resources including company underwriting guidelines, business unit strategies, and consultations with others to ensure adequate understanding of risk exposures.

11. Prepare proposals to producers, including negotiation of terms and conditions.

12. Ensure the proper issuance of policies, certificates, filings and notifications.

13. Seek the guidance of management on risks exceeding assigned authority levels.

14. Effectively utilize industry rules and guidance to ensure proper policy construction

15. Identify underwriting issues; recommend and develop plans for problem resolution and implement where appropriate.

16. Manage existing and prospective accounts by actively participating in account renewals, new business presentations as needed and discussion with agents.

17. Participate in monitoring and analyzing performance of assigned agents; initiate actions and understand downstream impact of alternatives.

18. Serve as a resource for other team members and units.

19. Apply discretionary pricing appropriately based on the account exposures, predictive model indications and letter of authority.

20. Communicate all underwriting decisions or changes on coverage, limits, exposures and/or pricing, discussing alternatives with agents as needed.

Other functions include travel to various locations to support business objectives whenever necessary and performing other duties as assigned.

Knowledge, skills and abilities required include a bachelor's degree from an accredited college or university preferred, two years insurance experience in the property and casualty insurance market preferred, interpersonal skills, insurance designations or insurance education course work, critical thinking, strong oral and written communication skills, knowledge of underwriting laws and rules, knowledge of policy and procedures regarding risk administration and risk management, underwriting and loss control, knowledge of the insurance industry and the business environment, thorough understanding of business exposure calculations, classifications, ability to develop and implement strategies, ability to work effectively in a team environment, ability to use logic and reasoning, ability to identify problems and review related information, ability to make sound decisions, ability to initiate and build relationships, ability to present ideas and information, ability to adjust priorities based on changing situations, and proficiency in Excel.

This position has been evaluated in accordance with the Americans with Disabilities Act. Encova Insurance makes every effort to reasonably accommodate disabilities to permit performance of the essential functions and candidates who need such accommodation are encouraged to seek it. This description reflects the nature and level of work performed by associates in this position. It is not an all-inclusive inventory of duties, responsibilities and qualifications required. It provides an accurate overview of the work and skills needed to perform this position. Because job content may change from time to time, Encova Insurance reserves the right to add and/or delete functions from this job as it deems necessary for business reasons.

Ready to join our team? At Encova Insurance, we firmly believe that our associates drive our company's success by delivering unrivaled service to our customers. With success in mind, we make an ongoing effort to provide an environment that offers challenging, stimulating and financially rewarding opportunities. Join us to discover a work experience where your diverse ideas will be met with enthusiasm where you can learn and grow to your fullest potential.

What you can expect from us? Join our family of industry leaders, and let us reward you with a competitive salary, bonus and benefits package that includes but is not limited to: a 401(k), wellness programs, bonus incentive plans and flexible schedules, with an early close of the office every Friday. Additionally, Encova aspires to be an outstanding corporate citizen in all the markets we serve; we encourage and support associate participation in community initiatives through our foundations. Encova Insurance is an EOE/E-Verify employer.