Associate Underwriter at Proassurance Corporation in Chantilly, Virginia

Posted in Other 7 days ago.





Job Description:


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 1000 employees operating in all 50 states, we are well positioned to offer career opportunities to individuals interested in professional growth.



This position supports our LawyerCare professional liability program.


Preference is for this position to be hybrid and based out of our Chantilly VA location when in the office.


The primary responsibility of an Associate Underwriter is to assess risk and protect the company from financial loss by working closely with the underwriting, policy services, claims, sales and marketing, and regulatory departments. The associate underwriter interacts with internal and external customers and plays a key role in ensuring that production and profitability goals are met and exceeded. The expectation is that the AU perform their duties in accordance with established customer service and Treated Fairly standards and do so within the framework of the rules, rates, and coverage forms filed and approved by law in the state of responsibility.



Essential Duties and Responsibilities:



  • 45% - Assist underwriter in reviewing and issuing direct and agent written new business and renewal applications and make recommendations regarding classification and pricing based on insurability and profitability. This includes comparing year over year risk profile and loss history information and take necessary steps to ensure that each risk is appropriately classified and priced.

  • 25% - Generate and mail out renewal offers monthly.

  • 15% - Analyze and appropriately process policy endorsement requests from insureds and agents.

  • 5% - Attend team, department, and cross functional team meetings. Participate in discussions or education sessions with other teams or departments as needed. Review underwriting reports and reviews as requested by management.






Secondary Responsibilities:



  • 5% - Perform special projects as directed by management.

  • 5% - Work in partnership with Underwriting and Policy Services leadership and staff to foster efficient and accurate service to our agents and insureds.






Qualifications:



  • Bachelor's Degree in Business, Insurance, or related field preferred. A high school diploma or G.E.D. and a minimum of 3 years of professional experience is required for candidates without a bachelor's degree.

  • Minimum one year experience within an insurance environment required.

  • Prior professional liability underwriting experience desired.

  • Understanding of insurance terminology, and insurance and underwriting principles preferred.

  • Proficiency with Microsoft Office Suite.

  • Excellent organizational and interpersonal skills.

  • Self-motivated and able to accomplish multiple tasks in a timely manner.

  • Accomplished written and verbal communication skills.

  • Strong analytical skills required.


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