An exciting opportunity exists to join the ProAssurance family of companies!
We are a specialty writer of professional liability, products liability and workers' compensation insurance. With approximately 1,000 team members operating in all 50 states, we are well-positioned to offer career opportunities to individuals interested in professional growth.
This position supports our workers' compensation line of business, Eastern Alliance. Preference is for this position to be based within a reasonable commuting distance of one of Eastern's office locations so that team members can gather for company meetings, department meetings and special events.
The primary responsibility of the Underwriter I unite is to execute the strategic initiatives and financial goals of the Underwriting Department in support of the Company's revenue and profitability objectives and overall business plan while engaging in training and professional development activities to build underwriting knowledge and skills. This position provides focused customer service and support for all commercial underwriting transactions within delegated authority. This position supports the Company's revenue and profitability objectives and overall business plan.
40% Within approved authority, analyze and document risks for new and renewal business in support of the company's Underwriting objectives; makes decisions in support of profitability about accepting, modifying or declining all new and renewal business within the timelines set by regulatory and Company guidelines.
15% Perform functions necessary for the accurate, timely issuance of quotations, policies, renewals, endorsements, cancellations, non-renewals, risk management surveys and required file documentation by working collaboratively with agency partners, Associate Underwriters and all internal colleagues.
15% Cultivate and develop high quality company-agency and company-client working relationships by visiting and communicating with agents on a regular and timely basis as necessitated by business needs and company guidelines.
10% Champion ecovery initiatives by working collaboratively with agents, clients, claims representatives and risk management consultants to insure proper return to wellness guidelines and procedures are established, followed and acceptable results are achieved.
5% Attend monthly team meetings prepared to discuss adverse accounts, solutions for handling these accounts, and other relevant topics, including the dissemination of competitive information. Actively participate in weekly Roundtable meetings.
5% Manage book of business and agency related results and concerns by monitoring reports and communications and facilitate collaboration between Underwriters, Claims, Risk Management and others as necessary. Work with Custom Underwriters to identify, develop and manage market opportunities.
5% Review monthly reports, individual results and goals and implement necessary changes to ensure strategic initiatives and operational objective are being met.
5% Continue professional growth and development through assisting with company projects, participating in company events, insurance industry functions and through self-study. Offer mentoring and guidance for assigned Associate Underwriter.
Knowledge, Skills and Abilities Required:
Bachelor Degree in Business, Insurance, or related field is required. Eight years of industry related experience plus a CPCU, CIC or CRM designation can replace the Bachelor's degree.
Workers' compensation, customer service or insurance industry experience is preferred as well as the active pursuit of professional development and insurance designations (CPCU, CIC, CRM, AU, ARM, AINS, etc.).
Ability to establish effective internal and external relationships.
Ability to attend insurance and industry/business functions to promote and present a positive image of the Company.
Proficiency in Microsoft Office computer applications; ability to learn new computer software applications.
Advanced analytical ability in order to research, analyze and interpret information; and make profitable decisions about risks.
Attention to detail in processing policy information, establishing priorities and meeting deadlines.
Solid analytical and problem solving skills, including formulating logical and objective conclusions.
Ability to assess the urgency and importance of a situation and take appropriate action.
Ability to communicate effectively and professionally both verbally and in writing with various constituencies and at all levels; both in and outside of the organization including agency partners, outside customers and clients.