Mission Underwriters (Lynx Specialty) provides commercial property insurance and is seeking an Underwriter or Underwriting Specialist (depending on experience level). This person would be responsible for developing and maintaining a profitable book of business within loss ratio and premium volume targets. You will play a crucial role in assessing and evaluating risk, underwriting insurance policies, and providing expert guidance to clients and colleagues. This role is for Insurance underwriting, NOT Mortgage underwriting.
Essential Duties/Functions:
- Collect, review, and analyze an applicant’s relevant history and records.
- Obtain additional information about an applicant as necessary to determine eligibility and pricing.
- Determine level of risk, premium costs, and deductibles.
- Negotiate and define terms of insurance policies with brokers.
- Assist with the development and enforcement of underwriting rules and guidelines with the objective of maximizing productivity and underwriting consistency.
- Conduct comprehensive risk assessments by analyzing insurance applications, underwriting guidelines, and supporting documents to determine the insurability and associated risks.
- Review and underwrite complex insurance policies, ensuring compliance with company policies and regulatory requirements.
- Evaluate financial statements, loss history, and other relevant data to assess the financial stability and viability of clients.
- Utilize underwriting guidelines, actuarial data, and market trends to determine appropriate pricing and rating structures for insurance policies.
- Collaborate with brokers, agents, and clients to negotiate terms, conditions, and pricing of insurance policies, while maintaining positive relationships and providing exceptional customer service.
- Prepare and issue accurate policy documentation, including policy wordings, endorsements, and other related documents, ensuring clarity, accuracy, and compliance.
- Provide risk management recommendations and advice to clients, including suggestions for loss prevention, safety measures, and risk mitigation strategies.
- Stay updated on industry trends, regulatory changes, and emerging risks in the sector to effectively assess and adapt underwriting strategies.
- Mentor and guide junior underwriters, providing support, training, and sharing industry expertise to promote professional development and overall team success.
- Ensure compliance with internal underwriting guidelines, regulatory requirements, and industry best practices, maintaining the highest standards of ethics and professionalism.
Required Qualifications:
- Bachelor's degree
- 1+ years of Commercial Property & Casualty Insurance experience
- Working knowledge of MS Word, Excel, PowerPoint
- Ability to learn new systems efficiently and effectively
- Ability to multitask and prioritize work
- Strong attention to detail
- Strong organization and time management skills
- Ability to travel up to 10% of the year
Preferred Qualifications:
- Ability to work from our Cincinnati, OH office.
- Underwriting experience preferred. E&S Property underwriting experience highly desirable.
You'd be an ideal fit if:
- You have been an Underwriter for at least 3 years, in Commercial Property Insurance.
- You have experience reviewing commercial insurance applications, policy review and processing submissions.
Why work with us:
- Medical, Dental, Vision
- 401K, 401K Match
- Life and Disability Benefits
- Unaccrued Paid Time Off
- 11 Paid Holidays
- Work from anywhere - US
- Employee Discounts
- Employee Assistance Program
- Educational Assistance Program
- Employee Referral Program
- Paid Parental Leave
Additional Information
- You must be able to work in our Cincinnati, Ohio office.
- You must be authorized to work in the United States without requirement of employment sponsorship/visa.
The above information in this description has been designed to indicate the general nature and level of work performed by employees in this position. It is not designed to contain or be interpreted as an exhaustive list of all responsibilities, duties and qualifications required of employees assigned to this job.
Mission Underwriters is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
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