Richmond, VA, USA ● Virtual
Req #31
Monday, April 8, 2024
Job Summary
The Underwriter will be responsible for reviewing and analyzing underwriting data in order to determine if risks meet corporate underwriting standards calculate appropriate premium and determine proper terms for acceptable risks and respond to brokers when risks do not meet underwriting guidelines. Underwriters are also responsible for developing and maintaining profitable business relationships with brokers.
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Duties and Responsibilities
- Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service
- Analyze new business opportunities and develop renewal strategies
- Attain quote, premium and division goals as assigned
- Develop and maintain strong relationships with brokers
- Use critical thinking and problem solving skills to negotiate with brokers on placements
- Travel to meet with brokers within assigned territory at least three times per year
- Other duties as assigned
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Knowledge, Skills and Abilities
- Ability to effectively and properly select, evaluate, model, determine coverage, rate, document, quote and bind accounts
- Ability to effectively assess risk
- Excellent verbal and written communication skills
- Ability to work independently or in a team environment to complete assignments within the parameters of instructions given, prescribed processes and standard accepted underwriting practices
- Solid knowledge of underwriting philosophy and techniques
- Proven problem solving and decision making skills
- Strong negotiation skills
- Ability to multi-task
- High level of initiative and motivation
- Strong work ethic with a drive to succeed
- Solid customer service and relationship building skills
- Proficiency in MS Office (Word, Excel, Outlook) and Internet researching
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Experience and Education
- Bachelors Degree or equivalent work experience
- Minimum of 2 years of related underwriting experience preferably in Excess and Surplus lines
- Preferably pursuing courses toward professional designations or continuing education.
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Job Family
Underwriting
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Job Sub Family
Operations
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Pay Type
Salary
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Required Education
Bachelor’s Degree
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Job Start Date
Monday, April 8, 2024