Salary
💰 $45,942 - $69,820 per year
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