Insurance Commercial Lines Underwriter

Commercial Lines Underwriter ? Frederick Mutual Insurance Company (FMIC) is a regional mutual insurance company located in Frederick, Maryland licensed to serve the states of Maryland and Pennsylvania with a wide range of insurance offerings/products.  The company has over $45 million in assets, 22 personnel, 88 independent agencies and is rated A- (Excellent) by A.M. Best. FMIC has experienced considerable premium and policy growth in recent years and seeks to continue profitable growth.

 

The successful candidate for this position will be responsible for individual risk evaluation of new and renewal commercial business with the objective of producing profitable growth while meeting the service standards of the Company. 

 

The individual should have a minimum of five years experience in commercial underwriting or marketing.  The responsibilities and tasks for this position include, but are not limited to the following:

 

? Become familiar with FMIC products and underwriting philosophies in order to function as commercial underwriter.

? Assist management in providing input concerning underwriting philosophies and procedures according to the needs of the Company and market conditions.

? Evaluate and underwrite individual risks (new and renewal) to accept, decline, modify, non-renew or cancel per Company guidelines and procedures.

? Price individual risks (new and renewal) per Company guidelines using automated system.

? Examine loss experience for individual risks.

? Review inspection surveys and forward recommendations to the producing agency for loss control.

? Issue and process new and renewal policies using automated system.

? Process policy endorsements and changes using automated system.

? Manage individual workflow to be certain the Company?s service goals are being met.

? Maintain correspondence and / or diary suspense file.

? Submit complex or unusual risks to Commercial Lines Manager for approval.

? Establish and maintain relationships with assigned agencies in an effort to produce profitable growth.

? Participate in other duties as assigned by management.

 

 

QUALIFICATIONS 

The successful candidate is a creative, self-initiator, with the ability to work both independently and as the member of a team, while maintaining a positive, customer focus.  The individual must be able to perform each essential duty satisfactorily and manage multiple initiatives simultaneously.  The requirements listed below are representative of the knowledge, skills, and/or ability required.

 

EDUCATION and/or EXPERIENCE 

High School education is required with college coursework a plus. Five years of related commercial underwriting or marketing experience is a must; or equivalent combination of education and experience.  Insurance designation, i.e. CISR is a plus.

 

TECHNOLOGY SKILLS

Working knowledge of the Microsoft Windows XP, MS Office applications and the use of internet applications are a must.

 

PHYSICAL DEMANDS

The physical demands here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.  While performing the duties of this job, the employee is frequently required to sit; walk from one end of the building to the other; stand; use hands to handle or feel; reach with hands and arms; climb stairs, talk and hear.

 

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.