Pekin Insurance Pekin , IL 61555
Posted 1 week ago
Ready to take the next step in your career? Maybe you're looking for advancement opportunities, a better work-life balance, or just something new and exciting.
At Pekin Insurance, we strive to go Beyond the expected in everything we do.
Position Overview
The Renewal Underwriter I is responsible for working in a Commercial Lines team environment to meet established company profit and growth goals within a designated geographic territory. This position underwrites renewals and endorsements and completes other underwriting related transactions.
Essential Job Functions
Accepts, rejects, and prices risks to achieve profitability goals within a territory and to minimize financial peril to the company
Manages an individual territory within stated underwriting and acceptability guidelines to achieve or exceed retention goals
Provides consultation to agents and sales personnel on coverage forms, rate endorsements, and enhancements to promote company products and resolve applicant and insured's insurance needs
Reviews and evaluates insured and third party contract language to determine compliance within the company guidelines along with offering appropriate endorsements or coverages
Accepts, declines, modifies, and negotiates requests for coverage when evaluating renewal business or change requests
Utilizes underwriting knowledge to educate and train agents and new team members on our underwriting appetite, commercial lines products, coverages, and computer systems
Uses independent judgement to propose deviation to management from established underwriting guidelines as required to meet growth and profit objectives
Participates on departmental and enterprise committees to consult on various topics related to Commercial Lines underwriting and operations, as directed
Acquires, evaluates, and analyzes internal and external information in order to make selection and pricing decisions that are consistent with underwriting philosophy and in accordance with departmental and company initiatives
Underwrites renewal business, loss control reports, reinstatements, cancellations, endorsements, and other miscellaneous transactions
Underwrites small, mono-line quotes and new business submissions
Communicates underwriting decisions via written verbal correspondence
Organizes and leads interdepartmental meetings on larger, more complex renewals
Works in a cross functional team with Personal Lines Underwriting, Life Underwriting, Sales, and other departments to achieve company profit and growth goals
Assists with the mentoring of Commercial Lines Underwriting staff
Performs other duties as assigned
Education & Experience
Required
Bachelor's degree in business-related field or equivalent experience
Typically requires 3+ years of industry experience
Preferred or Specialized
Certifications & LIcenses
Knowledge, Skills & Abilities
Basic ability to:
Communicate effectively in both oral and written form
Analyze, organize and prioritize work while meeting multiple deadlines
Adapt to changes in responsibilities, work processes, timeframes, performance expectations, organizational culture, or work environment
Work comfortably in a fast-paced work environment
Define problems, collect data, establish facts, and draw valid conclusions
Basic skill in:
What We Offer
We get it-- You're looking for a career with a company that invests in you. Our desire to enhance the employee experience through our benefits, work perks, and team-oriented environment made us one of 2019's and 2020's "Best Places to Work in Illinois."
Pekin Insurance