First Chicago Insurance Company (FCIC
Commercial Lines Underwriter
First Chicago Insurance Company (FCIC, Bedford Park, Illinois, us, 60499
We are seeking the ideal candidate for our Commercial Lines Underwriting opening for our growing insurance company located in Bedford Park, just a mile south of Midway Airport!
The Commercial Lines Underwriter will work independently and collaboratively with the Commercial Account team to provide a high level of customer service to policyholders, develop new and maintain existing agency relationships, underwrite new and renewal business focusing on profitability, and contribute to the success of the department in meeting department and company goals.
DUTIES & RESPONSIBILITIES
Responsible for maintaining a high-level knowledge of coverage, exposures, rating plans and state requirements to perform the job
Handle and maintain a book of business up to $7MM in Written Premium
Underwrite and price new and renewal accounts with proper file documentation in a timely manner
Enter new business policies, endorsements, and renewals
Manage the financial aspects of accounts, sending out monthly billing invoices on certain direct bill accounts and taking phone payments as needed, etc.
Provide timely responses to agent inquiries
Monitor account and agency loss ratios and risk profiles, make recommendations on agency terminations and/or re‑underwriting programs
Review daily claims and act accordingly to communicate to agents on issues with drivers or accounts
Command full knowledge on rating, pricing, guidelines, and forms for assigned specialty lines of business
Mentor and train less experienced Commercial Lines Underwriters (Commercial Lines Underwriter I and Commercial Lines Junior Underwriter)
Forward‑thinking with new product and business segments or states to enter
Maintain and share knowledge of industry trends, market conditions and company programs
QUALIFICATIONS REQUIRED
Proficient in Word, Excel, PowerPoint
Proficient with Industry Resources and databases
Working knowledge of carrier billing and processing systems; PTS and AS400 preferred
Excellent oral and written communication skills
Organized and detail oriented with ability to multi‑task
Ability to work independently and collaboratively simultaneously
Minimum 3‑5 years of Commercial Lines multiple line underwriting experience with expertise in Commercial Auto (Taxi, Livery, Para Transit) and Commercial General Liability (Contractors and OL&T)
Demonstrated knowledge of the property and casualty insurance industry
Excellent organizational and interpersonal skills
Strategic thinker with ability to support the company position
Demonstrated knowledge of 1st dollar and deductible pricing strategies
Preferred
College Degree
Professional Designations (CPCU, ARM, etc.)
Benefits
Competitive Salaries
Commitment to your Training & Development
Medical, Dental and Vision Reimbursement
Short Term Disability / Long Term Disability
Life Insurance
Flexible Spending Account
Telemedicine Benefit
401(k) with a generous company match
Paid Time Off and Paid Holidays
Tuition Reimbursement
Wellness Program
Fun company sponsored events
And so much more!
Estimated Salary Range: $41,250-$81,250/year *
*Published ranges are estimates. Offered compensation will be based on experience, skills, education, certifications, and geographic location. In addition, starting salary may vary by position depending on whether the position is in‑office, hybrid or remote.
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The Commercial Lines Underwriter will work independently and collaboratively with the Commercial Account team to provide a high level of customer service to policyholders, develop new and maintain existing agency relationships, underwrite new and renewal business focusing on profitability, and contribute to the success of the department in meeting department and company goals.
DUTIES & RESPONSIBILITIES
Responsible for maintaining a high-level knowledge of coverage, exposures, rating plans and state requirements to perform the job
Handle and maintain a book of business up to $7MM in Written Premium
Underwrite and price new and renewal accounts with proper file documentation in a timely manner
Enter new business policies, endorsements, and renewals
Manage the financial aspects of accounts, sending out monthly billing invoices on certain direct bill accounts and taking phone payments as needed, etc.
Provide timely responses to agent inquiries
Monitor account and agency loss ratios and risk profiles, make recommendations on agency terminations and/or re‑underwriting programs
Review daily claims and act accordingly to communicate to agents on issues with drivers or accounts
Command full knowledge on rating, pricing, guidelines, and forms for assigned specialty lines of business
Mentor and train less experienced Commercial Lines Underwriters (Commercial Lines Underwriter I and Commercial Lines Junior Underwriter)
Forward‑thinking with new product and business segments or states to enter
Maintain and share knowledge of industry trends, market conditions and company programs
QUALIFICATIONS REQUIRED
Proficient in Word, Excel, PowerPoint
Proficient with Industry Resources and databases
Working knowledge of carrier billing and processing systems; PTS and AS400 preferred
Excellent oral and written communication skills
Organized and detail oriented with ability to multi‑task
Ability to work independently and collaboratively simultaneously
Minimum 3‑5 years of Commercial Lines multiple line underwriting experience with expertise in Commercial Auto (Taxi, Livery, Para Transit) and Commercial General Liability (Contractors and OL&T)
Demonstrated knowledge of the property and casualty insurance industry
Excellent organizational and interpersonal skills
Strategic thinker with ability to support the company position
Demonstrated knowledge of 1st dollar and deductible pricing strategies
Preferred
College Degree
Professional Designations (CPCU, ARM, etc.)
Benefits
Competitive Salaries
Commitment to your Training & Development
Medical, Dental and Vision Reimbursement
Short Term Disability / Long Term Disability
Life Insurance
Flexible Spending Account
Telemedicine Benefit
401(k) with a generous company match
Paid Time Off and Paid Holidays
Tuition Reimbursement
Wellness Program
Fun company sponsored events
And so much more!
Estimated Salary Range: $41,250-$81,250/year *
*Published ranges are estimates. Offered compensation will be based on experience, skills, education, certifications, and geographic location. In addition, starting salary may vary by position depending on whether the position is in‑office, hybrid or remote.
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