Property Casualty Underwriting Manager manages and oversees the property/casualty insurance underwriting program for individuals and/or groups, such as accident insurance, crime insurance, loss of property insurance etc. Implements guidelines and procedures regarding risk exposure, application renewal, acceptance, modification, and denial. Leads and trains the underwriters to ensure integrity of property and casualty underwriting activities and processes. Being a Property Casualty Underwriting Manager experienced in risk management and complex applications. Provides consultative support for large accounts. Additionally, Property Casualty Underwriting Manager requires a bachelor's degree. Typically requires certification as a Chartered Property Casualty Underwriter (CPCU). Typically reports to a head of a unit/department. The Property Casualty Underwriting Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Property Casualty Underwriting Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
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.
This role is hybrid with 2 days per week in office.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Service
• Assist Marketing with input and maintenance of Agency Management System and/or PS4
• Collect missing information from Producer/Account Manager Team along with loss information requests (includes follow-up with appropriate parties)
• Advanced knowledge of carrier web-sites for application detail input
• Analyze policies, coverages and clients’ operations to market data to prepare insurance renewal options, advise on best alternatives;
• Negotiate with carriers on clients’ behalf for best available premiums, commissions and coverage;
• Prepares presentations for clients
• Interact with other teams and assist when needed
• Work independently and effectively to resolve problems or enhance service in a timely manner
• Ability to work in a fast-paced environment with demonstrated ability to juggle multiple competing tasks and demands
• Ensure expert knowledge is maintained
Marketing
• Preparation of applications for presentation to carriers (or marketing manager on large clients), including analysis of coverages
• Negotiate with carriers for best available premiums, commissions and coverage;
• Conduct sales presentations as needed;
Personal and Organizational Development
• Set priorities and manage workflow for self to ensure all goals are met;
• Maintain cordial and effective relationships with clients, co-workers, carriers, vendors, and other business contacts;
• Maintain up-to-date proposals, workflow logs, update on agency management system, manuals or other required documentation and records;
• Interact with others effectively utilizing good communication skills, cooperating purposefully, and providing information and guidance as needed to achieve the business goals of the Company;
• Stay informed regarding industry information, new product/program developments, coverages, legislation, technology to continuously improve knowledge and performance;
• Enjoy active participation in community organizations;
• Project a professional image in action and appearance.
SUPERVISORY RESPONSIBILITIES:
• May supervise Assistant Account Manager and/or Administrative Assistant position(s)
KEY COMPETENCIES:
• Full knowledge of Property Casualty lines of coverage and services;
• Recognize problems and respond appropriately;
• Able to analyze situations logically in order to draw solid conclusions;
• Advanced experience with Agency Management Systems, rating procedures, coverages, and
industry operations to effectively manage, maintain, and write assigned clients and prospects;
• Advanced knowledge of navigating the Internet as well as various Microsoft Office programs to
include Windows, Outlook, Word & Excel;
• Strong attention to detail and time management abilities;
• Strong ability to multi-task and assign priority;
• Ability to work effectively and efficiently both with and without direct supervision;
• Ability to work effectively and efficiently in a team environment as well as independently;
• Strong interpersonal communication skills, both written and oral
• Ability to manage Account Management staff and workflow
EDUCATION and/or EXPERIENCE:
• High school diploma or G.E.D. equivalent required. College degree or equivalent experience
preferred.
• 5-10 years’ experience in mid-size brokerage
• Must have working knowledge of a variety of Microsoft Office computer software applications to include word processing, spreadsheets, database, and presentation software.
• Must be able to work in a fast-paced environment with demonstrated ability to juggle multiple competing tasks and demands.
• Must have high level of interpersonal skills to handle sensitive and confidential situations. Position continually requires teamwork, demonstrated poise, tact, and diplomacy.
CERTIFICATES, LICENSES, REGISTRATIONS:
• California Property and Casualty License required;
• Valid Driver License required.
The national average salary for this role is $90 000.00 - $100 000.00 in base pay and exclusive of any bonuses or benefits. The base pay offered will be determined based on your experience, skills, training, certifications and education, while also considering internal equity and market data.
WHY JOIN US?
EPIC embraces diversity in all its various forms—whether it be diversity of thought, background, race, religion, gender, skills or experience. We are committed to fostering a work community where every colleague feels welcomed, valued, respected and heard. It is our belief that diversity drives innovation and that creating an environment where every employee feels included and empowered, helps us to deliver the best outcome to our clients.
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