
Underwriting Associate – Specialty
UFG Insurance
full-time
Posted on:
Location Type: Remote
Location: Iowa • United States
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Salary
💰 $60,000 - $78,000 per year
Tech Stack
About the role
- Assist with underwriting insurance risks in accordance with the business plan and delegated authority to meet business objectives
- Ensure compliance with internal and external regulations and guidelines
- Provide technical underwriting and administrative support to the underwriting staff
- Gather information, prepare file documentation, collaborate with internal partners
- Assist underwriters with agent interactions
- Analyze underwriting information to triage, prepare and respond to quotes, renewals, and policy endorsements or inquiries
- Apply underwriting guidelines and ensure compliance with all company filings, rules, and regulations
- Underwrite and process all endorsement requests
- Execute pricing strategy and document pricing decisions
- Identify and execute opportunities to upsell and cross-sell UFG coverages and products
- Document assigned files with quality underwriting information
- Screen new business submissions for assigned underwriter(s)
- Provide comprehensive analysis and underwriting recommendations to the Underwriter when decisions are beyond assigned authority
- Provide clear direction to Support Staff for policy changes, renewals, and quote entry
- Work as a liaison between partner departments to resolve issues at a policy level
- Seek agency engagement to obtain missing information or clarify policy needs
- Foster a collaborative working relationship with assigned underwriters to partner in achieving KPI metrics.
- Identify risks that require reinsurance and risk control services
- Actively assist with the review and analysis of the portfolio to ensure progress toward key business objectives.
Requirements
- High school diploma or equivalent
- Associate or bachelor’s degree in a related field preferred but not required
- 3 years of commercial property and casualty insurance experience preferred.
- Knowledge of coverage forms & endorsement used in policy construction.
- Efficiently utilize internal tools, resources, and administrative systems (Risk Selection & Line of Business Manual, Reference Connect, Guidewire, LC360, etc.) for effective decision making.
- Stay current on underwriting strategy, regulations & trends for assigned territory to make effective underwriting decisions.
- Be solution oriented.
- Take ownership of successful outcomes.
- Strong commitment to quality.
- Strong time management skills with the ability to meet deadlines and effective dates.
- Display adaptability & flexibility to meet customer needs.
- Ability to establish a high degree of trust for internal and external customers.
- Demonstrate ability to apply knowledge to solve issues proactively and think analytically.
Benefits
- Annual incentive compensation
- Medical, dental, vision & life insurance
- Accident, critical Illness & short-term disability insurance
- Retirement plans with employer contributions
- Generous time-off program
- Programs designed to support the employee well-being and financial security.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
underwritingrisk analysispolicy constructionpricing strategycommercial property insurancecasualty insuranceendorsement processingregulatory complianceKPI metricsrisk control
Soft Skills
solution orientedownershipcommitment to qualitytime managementadaptabilityflexibilitytrust buildinganalytical thinkingcollaborationcommunication