Offer summary

Qualifications:

Bachelor’s Degree preferred., Knowledge of Property products and coverages and the Principles of Insurance., Strong verbal and written communication skills., Proficient with Computers and Microsoft Office Suite..

Key responsabilities:

Evaluates submitted risks to determine coverage eligibility.

Reviews new business applications and declines those that do not meet requirements.

Handles endorsement referrals and general underwriting correspondence.

Serves as a resource for determining eligibility and provides training to Underwriting Assistants.

Job description

POSITION SUMMARY

The Underwriter is an individual who evaluates submitted risks to determine if coverage can be offered. They handle complex transactions including the review of renewal referrals to ensure rating accuracy for Dwelling submissions. This person assures that risks meet the FAIR Plan’s eligibility and underwriting requirements by continuous adherence to established underwriting standards.

PRINCIPAL DUTIES & RESPONSIBILITIES

Applies knowledge of insurance principles and coverages.
Applies available underwriting tools to guard against adverse risks.
Identifies, evaluates, and makes underwriting decisions according to FAIR Plan underwriting guidelines and program eligibility but often performs more complex tasks because of experience/knowledge.
Reviews new business applications for eligibility and completeness and declines applications that do not meet FAIR Plan underwriting requirements.
Reviews, evaluates, and monitors inspection reports for compliance and loss prevention.
Performs appropriate classification and rate changes upon notification of exposure changes.
Serves as a resource for determining eligibility.
Handles endorsement referrals and general underwriting correspondence including initial research of Department of Insurance Request for Assistance letters.
Handles renewal referrals from Operations to ensure correct rating.
Handles referrals from other departments.
Serves as an advisor to Underwriting Assistants and provides assistance and training to others.
Performs other duties as assigned by the Underwriting Supervisor, Underwriting Manager, or the Vice President of Underwriting and Product Management.