The Commercial Underwriter reports to the Underwriting Manager and has functional relationships with the commercial producers, processors and assistants within the company.
• Execute individual pricing and risk selection decisions within the assigned underwriting authority and in accordance to company guidelines
• Collect background information and assessments of risk
• Analyze statistical data using specialist computer programs
• Consistently make sensible underwriting judgements and negotiations
• Determine premiums and prepare competitive quotes
• Decide the wording of policies
• Prepare insurance policy terms and conditions
• Work effectively within a team to achieve efficient operations, business improvements, and profitable underwriting results
• Keep detailed records of policies underwritten and decisions made
• Balance between mass and homogeneity of risks to achieve predictability of future results
• Follow applicable insurance laws
• Other duties essential to the position as directed.
KNOWLEDGE, SKILLS, AND ABILITIES
The incumbent must have proficient knowledge in the following areas:
• Proven underwriting knowledge
• The Agency Manager (TAM)
• Commercial Liability
• CIP Designation
• Excellent knowledge of insurance policies
• Microsoft Excel and Word
• Commercial Property
The incumbent must demonstrate the following skills:
• CIP Designation
• Analytical and problem-solving skills
• Good judgement and decision making skills
• Organizational and planning skills
• Effective verbal, presentation, and listening communication skills.
• Attention to detail
• Effective written communication skills
• Computer skills, including the ability to operate all software used at the firm
• Time management skills
• Stress management skills
• 2+ years experience
The incumbent must demonstrate the following abilities:
• Honesty and trustworthiness
• Ability to multi-task
• Ability to work collaboratively and / or independently
• Cultural awareness and sensitivity
The incumbent will be based out of the Brentwood office. Hours of work will fall into the office’s opening hours (8:00 am to 5:30 pm), although there may be some allowance made to work outside of these hours, with permission from management.
Occasionally, an opportunity will arise to work overtime hours.
Vacation time must be coordinated with the Underwriting Manager to ensure the department maintains coverage at all times.
The incumbent will spend long hours sitting and using office equipment and computers, which can cause muscle strain. There will also be some lifting of supplies and materials from time to time.
The incumbent will have to manage a number of tasks at one time, and will be interrupted frequently to meet the needs and requests of staff and clients. The environment will be busy, sometimes noisy, and the incumbent will need excellent organizational and time and stress management skills to complete the required tasks.
These include use of the computer, which may cause eyestrain and occasional headaches. The office may be noisy and busy, making it difficult to concentrate.
The incumbent will deal with a stressful environment as some of the staff or clients may be frustrated and require immediate services.