Group Underwriter reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Being an Group Underwriter calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Group Underwriter may coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. The Group Underwriter work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Group Underwriter typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
MMG INSURANCE COMPANY
Job Description
Job Title: Underwriter - Lead
Department: Commercial Lines Underwriting
Reports To: Commercial Lines Manager or Regional Manager
FLSA Status: Exempt
SUMMARY
Accepts, rejects, and modifies Commercial Lines routine to complex/high-valued risks through Commercial Lines new business, renewal, and endorsement within Company underwriting guidelines and philosophy by performing the following duties.
ESSENTIAL DUTIES AND RESPONSIBILITIES
SUPERVISORY RESPONSIBILITIES
This job has no supervisory responsibilities.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE
Bachelor's degree and 4-6 years of related experience and or training; or equivalent combination of education and experience.
LANGUAGE SKILLS
Speaks clearly and persuasively in positive or negative situations; Listens and gets clarification; Responds well to questions; Demonstrates group presentation skills; Participates in meetings. Writes clearly and informatively; Edits work for spelling and grammar; Able to read and to interpret written information.
MATHEMATICAL SKILLS
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions and decimals. Ability to compute rate, ratio, and percent. Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference and volume.
Ability to apply concepts of basic algebra and geometry.
REASONING ABILITY
Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem-solving situations; Uses reason even when dealing with emotional topics.
COMPUTER SKILLS
To perform this job successfully, an individual should have knowledge of Office Productivity software such as Spreadsheet, Word Processing, Communications software, and Underwriting-related software.
CERTIFICATES, LICENSES, REGISTRATIONS
The Company may expect the employee to acquire, within a reasonable period of time as established by the Company, the Chartered Property/Casualty Underwriter designation, sponsored by the American Institute for Chartered Property and Casualty Underwriters; or the Certificate in General Insurance (INS Series); and/or the Associate in Underwriting (AU) designation; and/or the Associate in Personal Insurance (API), sponsored by the Insurance Institute of America.
The Company may expect the employee to take other courses it deems appropriate to the employee's duties and responsibilities.
OTHER SKILLS AND ABILITIES
OTHER QUALIFICATIONS
Possesses a valid driver's license.
Able to travel 20-25% of the time.
Teamwork – Balances team and individual responsibilities; Exhibits objectivity and openness to others’ views; Gives and welcomes feedback; Contributes to building a positive team spirit.
Demonstrates an aptitude consistent with securing information, analyzing it, and making above-average decisions affecting the position's area of responsibility as well as the overall operation of the department.
Judgment – Displays willingness to make decisions; Exhibits sound and accurate judgment; Supports and explains reasoning for decisions; Includes appropriate people in decision-making process; Makes timely decisions.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; and talk or hear. The employee is occasionally required to stand, walk, and reach with hands and arms. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception, and ability to adjust focus.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is occasionally exposed to outside weather conditions. The noise level in the work environment is usually moderate.
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