EMC Insurance Companies

Underwriting Associate - CL

EMC Insurance Companies

full-time

Posted on:

Origin:  • 🇺🇸 United States

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Salary

💰 $45,942 - $69,820 per year

Job Level

JuniorMid-Level

About the role

  • Prepares and approves renewals for accounts within authority limit with a focus on long term profitability, retention and achieving branch and company pricing goals.
  • Based on branch established guidelines, leverages negotiation skills to obtain adequate rate.
  • Reviews account information, including coverage details, claims history, and any relevant updates or changes.
  • Evaluates the risk profile of each account and assess its eligibility for renewal based on established underwriting guidelines.
  • For accounts outside authority, prepares information for underwriter to complete the renewal.
  • Develops relationships with agents by providing excellent customer service to promote renewal retention.
  • Builds and nurtures relationships with agents by regularly engaging in meaningful interactions, such as face-to-face meetings, virtual meetings, phone conversations, and written communication
  • Reviews and approves endorsements that fall within a specified list of requirements and within authority.
  • Underwrites and provides endorsement quotes to agents.
  • Corresponds with agents for additional information.
  • Assesses the potential risks associated with proposed endorsements, taking into account factors such as policy coverage, loss history and claims data to evaluate the overall impact on the policy.
  • Performs support duties for branch departments including but not limited to, ordering and analyzing reports as appropriate, reviewing drivers, and completing monthly projects.

Requirements

  • Associate degree or equivalent relevant experience
  • One year of insurance industry experience or related experience
  • Bachelor’s degree may be considered in lieu of the insurance industry experience requirement
  • Occasional travel; a valid driver’s license with an acceptable motor vehicle report per company standards required if driving
  • Attention to detail and accurate data entry skills
  • Good personal computer skills with proficiency in Microsoft products
  • General knowledge of insurance terminology
  • Good problem-solving and decision-making skills
  • Excellent customer service and communication skills
  • Strong organizational and time management skills
  • Strong negotiation skills
  • Ability to work in a team setting as well as independently