Selective Insurance
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Large Account Underwriter - Remote
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Selective Insurance
About Us Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong, consistent financial performance for nearly 100 years. Selective's unique position as both a leading insurance group and an employer of choice is recognized in awards and honors, including Forbes Best Midsize Employers in 2024 and certification as a Great Place to Work in 2024 for the fifth consecutive year. Employees are empowered to Be Uniquely You by being their true, unique selves and contributing diverse talents and perspectives to our shared success. We are a high-performing team serving customers responsibly by helping to mitigate loss, keep them safe, and restore their lives and businesses after an insured loss occurs.
Overview Underwrites, prices and services large, loss sensitive accounts (premium >$350k) with supervision on assignments of varying complexity, hazard grade and premium. Manages daily service demands of agents in support of individual and team goals with understanding of coverage, underwriting system transactions, and State-specific LOB filings. Meets business objectives of a large account production operation and develops and maintains solid agency and client relationships. All duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.
Responsibilities
Underwrite and process large account renewal policies with supervision within a letter of authority from the Underwriting Manager. Gather, analyze, and evaluate risk exposure through appropriate risk documentation. Apply knowledge of coverage forms, rating plans and guidelines in the selection and pricing of individual risks. Ensure adequate pricing of individual risks through proper classification, accuracy of information and adherence to underwriting standards and philosophy.
Respond to agents' inquiries on coverage and adjust policy information based upon prescribed authority.
Work within specified authority level to quote, accept, decline, modify and renew risks within account assignment in accordance with approved underwriting guidelines. Partner with Large Account Specialists, Agents, team members and other departments to grow and maintain a profitable book of business.
Effectively communicate underwriting decisions and appetite at the account and portfolio level to internal and external customers. Meet or exceed customers’ expectations and service quality on a consistent basis.
Develop and maintain working relationships with internal and external customers, peers and management. Conduct Agency and customer visits across a broad regional geography. Communicate openly and in a timely fashion. Work to achieve individual and team goals.
Conduct continuous profit and growth analysis as assigned. Monitor premium retention with electronic reporting tools. Increase renewal premium by cross-selling additional coverage, products or value-added services.
Participate in projects and initiatives as assigned. Identify and participate in ongoing learning related to underwriting, company products and services.
Must have a valid license and be able to drive an automobile to support company travel within territory. Car travel represents less than 10% of time.
Qualifications Knowledge and Requirements
Demonstrated effective written and verbal communication skills
Basic underwriting technical skills and knowledge of company products and underwriting guidelines
Ability to solve problems and make sound decisions
Ability to multi-task and manage workflows to meet production and service expectations
Ability to develop and establish effective relationships with internal and external customers/peers
Strong commitment to professional development through on-the-job learning, self-study and training
Proficiency in use of all supplied desktop tools, including automated underwriting and email systems
Must have valid state-issued driver’s license in good standing
Education And Experience
College degree preferred
Minimum of 1 year of commercial underwriting experience required
AU, AINS or other insurance coursework preferred
Total Rewards Selective Insurance offers a total rewards package that includes a competitive base salary, incentive plan eligibility at all levels, and a wide array of benefits designed to help you and your family stay healthy, achieve financial goals, and balance work and personal life. Benefits include comprehensive health care plans, retirement savings with company match, discounted Employee Stock Purchase Program, tuition assistance and reimbursement programs, and paid time off. The actual base salary is based on geographic location; the range shown is representative and additional considerations include education, qualifications, experience, skills, performance, and business needs.
Pay Range USD $72,000.00 - USD $99,000.00 /Yr.
Additional Information Selective is an Equal Employment Opportunity employer. We respect and value every individual’s opinions, beliefs, abilities, and perspectives. We are committed to promoting a welcoming culture that celebrates diverse talent and perspectives and empowers employees to contribute new ideas that support our success. We strive to build a highly engaged team through diversity, equity, and inclusion.
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Large Account Underwriter - Remote
role at
Selective Insurance
About Us Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong, consistent financial performance for nearly 100 years. Selective's unique position as both a leading insurance group and an employer of choice is recognized in awards and honors, including Forbes Best Midsize Employers in 2024 and certification as a Great Place to Work in 2024 for the fifth consecutive year. Employees are empowered to Be Uniquely You by being their true, unique selves and contributing diverse talents and perspectives to our shared success. We are a high-performing team serving customers responsibly by helping to mitigate loss, keep them safe, and restore their lives and businesses after an insured loss occurs.
Overview Underwrites, prices and services large, loss sensitive accounts (premium >$350k) with supervision on assignments of varying complexity, hazard grade and premium. Manages daily service demands of agents in support of individual and team goals with understanding of coverage, underwriting system transactions, and State-specific LOB filings. Meets business objectives of a large account production operation and develops and maintains solid agency and client relationships. All duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.
Responsibilities
Underwrite and process large account renewal policies with supervision within a letter of authority from the Underwriting Manager. Gather, analyze, and evaluate risk exposure through appropriate risk documentation. Apply knowledge of coverage forms, rating plans and guidelines in the selection and pricing of individual risks. Ensure adequate pricing of individual risks through proper classification, accuracy of information and adherence to underwriting standards and philosophy.
Respond to agents' inquiries on coverage and adjust policy information based upon prescribed authority.
Work within specified authority level to quote, accept, decline, modify and renew risks within account assignment in accordance with approved underwriting guidelines. Partner with Large Account Specialists, Agents, team members and other departments to grow and maintain a profitable book of business.
Effectively communicate underwriting decisions and appetite at the account and portfolio level to internal and external customers. Meet or exceed customers’ expectations and service quality on a consistent basis.
Develop and maintain working relationships with internal and external customers, peers and management. Conduct Agency and customer visits across a broad regional geography. Communicate openly and in a timely fashion. Work to achieve individual and team goals.
Conduct continuous profit and growth analysis as assigned. Monitor premium retention with electronic reporting tools. Increase renewal premium by cross-selling additional coverage, products or value-added services.
Participate in projects and initiatives as assigned. Identify and participate in ongoing learning related to underwriting, company products and services.
Must have a valid license and be able to drive an automobile to support company travel within territory. Car travel represents less than 10% of time.
Qualifications Knowledge and Requirements
Demonstrated effective written and verbal communication skills
Basic underwriting technical skills and knowledge of company products and underwriting guidelines
Ability to solve problems and make sound decisions
Ability to multi-task and manage workflows to meet production and service expectations
Ability to develop and establish effective relationships with internal and external customers/peers
Strong commitment to professional development through on-the-job learning, self-study and training
Proficiency in use of all supplied desktop tools, including automated underwriting and email systems
Must have valid state-issued driver’s license in good standing
Education And Experience
College degree preferred
Minimum of 1 year of commercial underwriting experience required
AU, AINS or other insurance coursework preferred
Total Rewards Selective Insurance offers a total rewards package that includes a competitive base salary, incentive plan eligibility at all levels, and a wide array of benefits designed to help you and your family stay healthy, achieve financial goals, and balance work and personal life. Benefits include comprehensive health care plans, retirement savings with company match, discounted Employee Stock Purchase Program, tuition assistance and reimbursement programs, and paid time off. The actual base salary is based on geographic location; the range shown is representative and additional considerations include education, qualifications, experience, skills, performance, and business needs.
Pay Range USD $72,000.00 - USD $99,000.00 /Yr.
Additional Information Selective is an Equal Employment Opportunity employer. We respect and value every individual’s opinions, beliefs, abilities, and perspectives. We are committed to promoting a welcoming culture that celebrates diverse talent and perspectives and empowers employees to contribute new ideas that support our success. We strive to build a highly engaged team through diversity, equity, and inclusion.
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