Commercial Transportation Underwriter

Remote - United States

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Risk Strategies
A leading specialty risk management consultancy and insurance broker offering smarter, practical approaches to risk mitigation and custom insurance program design for businesses, educational and government institutions, as well as successful...
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Risk Strategies is a top national specialty insurance brokerage and risk management firm assisting organizations and individuals to simplify the process of protecting assets, offering benefits and minimizing liability. With over 115 offices and 2,400 employees across the US & Canada, we thrive on our passion to be ranked a Best Places to Work since 2018 by our most important asset, our employees. For 2020, Risk Strategies was named 6th Fastest Growing Firm, 12th Largest Personal Lines Broker, 11th largest privately-held P&C Broker and the 16th largest US Broker by Insurance Journal.

Under supervision of the VP of Transportation and CUO, and within guidelines and authority established between MGU and various contracted carriers, the Commercial Transportation Underwriter performs risk selection and pricing on endorsements, renewals, and new business. Reviews new business and renewal quotes prior to issuance. Makes marketing calls to brokers and agents on an as needed basis. This position requires a great deal of creativity, multitasking and adherence to division goals & culture.

Primary Responsibilities and Duties:

  • Assess and price endorsements, renewals, and new business according to guidelines and authority as outlined in the underwriting manual and as assigned by their manager. Lines of business to underwrite include general liability, auto liability (incl. HNO), physical damage, umbrella/excess, property, crime, motor truck cargo, contingent auto and cargo, etc…
  • Prepare the underwriting and rating work-up on renewal and new business policies. Such work-up to include but is not limited to: select and/or verify class code and premium base and rating exposure, determine appropriate credits and/or debits to obtain a fair and sustained premium for risk, determine all coverage forms and necessary endorsements, effectively communicate to broker quote conditions, provide accurate documentation in the file and/or in electronic notes of underwriting thought process, ability to think outside of the box and develop solutions that address their specific insurance needs
  • Provide customer service by responding promptly and courteously to all requests for information
  • Ensure timely and accurate preparation and issuance of policies, as identified and delegated by the manager. This will sometimes require delegation of tasks to an underwriting assistant
  • Effectively communicate company standards, mission, underwriting guidelines, and requirements to brokers
  • Provide accurate documentation in the file and/or in electronic notes of underwriting thought process
  • Order/review inspection reports to assess risk quality and to confirm exposure base accuracy, as assigned by manager
  • Actively manage assigned book of business. Responsible for achieving company renewal retention ratio goal and amount of new business written on a monthly basis in addition to company profitability goals
  • Actively manage relationships with assigned brokers and agents
  • Ensure that information available from internal and external resources is properly integrated into underwriting decision making
  • Ensure that referral guidelines are properly followed regarding all lines of business underwritten
  • Provides training and mentoring for other Transportation team members when required

Requirements

  • Minimum 5 years’ experience as a Commercial Transportation Underwriter in a multi-state and multi-line commercial insurance environment required
  • Prior experience working remotely from a home office 100% of the time is required, should applicant not be local to the Greater Cleveland area and/or not able to commute daily to local office
  • Strong technical P&C underwriting knowledge and skills, specifically focused on Commercial Auto
  • Advanced knowledge of ISO commercial class codes and CLM rules, forms, rating and regulatory requirements
  • Very strong knowledge of underwriting and pricing principles and the ability to use this knowledge to make underwriting and pricing decisions based on program criteria and strategy
  • Results-oriented, self-motivated problem solver with excellent verbal and written communication skills
  • Ability to organize and prioritize workload with little supervision and efficiently make sound business decisions within level of authority
  • Capacity to manage multiple tasks in response to both written and verbal requests
  • PC literate. Basic to intermediate skills with Word and Outlook. Intermediate skills in Excel
  • Should expect to assist with training and development of less experienced staff. This includes the ability to do formal and informal training
  • Candidate should possess excellent written and verbal communication skills, and sharp attention to detail. This includes strong documentation skills
Job region(s): North America
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