The Commercial Underwriter’s focus will be underwriting the Ace Hardware Insurance Program, including the prequalification of new business, validating renewal exposures, risk qualifications, and pricing; and assist the AIA team in achieving its servicing and sales goals with a variety of underwriting and workflow responsibilities.
What You’ll Do
- Manage the underwriting of the entire policy portfolio including Package, ISO BOP, WC, Auto, and excess lines of coverage in accordance with the agency/fronting carriers growth, retention, rate, profitability, and premium goals.
- Work with fronting carrier to identify potential agency guideline deficiencies and opportunities. Champion coverage and rate changes once identified and determined necessary, with fronting carrier and agency management.
- Evaluate new and renewal exposures, limits, and issued policies to ensure compliance with underwriting guidelines and state regulations.
- Manage policy referral to fronting carrier process to ensure completeness of submissions, complete understanding of issues necessitating referral, and timeliness of fronting carrier response.
- Work with agent to ensure renewals are completed, issued, and the policies are received by the agent at least 30 or more days prior to the renewal date.
- Order and evaluate various reports to determine future underwriting actions including: renewing a risk with no changes, coverage modification, and non-renewals.
Required Skills
- The candidate will require a BA/BS degree targeting Business or Insurance.
- 3+ years of Property/Casualty insurance underwriting experience and possessing or currently pursuing a CPCU.
- Without a degree, the candidate will need 5+ years of Property/Casualty underwriting experience and currently pursuing an AU or CPCU insurance designation.
- The candidate will need to possess a demonstrated technical knowledge of commercial lines underwriting, be detail-oriented, organized, and able to handle multiple tasks to meet deadlines.
- Ability to prepare and review underwriting information to assist in the underwriting of new & renewal small & medium Commercial business.
- A self-starter with a high level of attention to detail, accuracy, and data integrity.
- Be willing to learn and work in a fast-paced environment, multi-task, and make quick decisions while maintaining underwriting integrity, yet maintain standards of quality and quantity of output as established by management.
- Ability to collaborate and work well within a team structure.
- Strong Small Business Program underwriting acumen and experience is preferred.
- Familiarity with new, highly intuitive, commercial lines rating and data systems and providers.
- Strong computer skills including Microsoft Excel, Word, Outlook, and Publisher; strong Excel and Word skills a must (Intermediate to Advanced).
Why should you join our team?
We live our values - W.E.L.I.G.H.T (Winning, Excellence, Love, Integrity, Gratitude, Humility, and Teamwork). Gratitude. Humility. Love. You don’t often see values like these in most corporate statements, but Ace is different. These things are important to us. They represent our commitment to the company, our employees, to Ace retailers, and to the Ace brand.
In addition to providing our employees a great culture, Ace also offers competitive benefits that address life’s necessities and perks, many of which expand and improve year after year, including:
- Incentive opportunities, based on role/grade level.
- Generous 401(k) retirement savings plan with a fully vested matching contribution the first year.
- Comprehensive health coverage (medical, dental, vision, and disability).
- 21 days of vacation immediately available and up to 6 paid holidays.
- Company Car, phone, and fuel card are provided for field-based positions.
- Your career at Ace is more than just a job. It’s a chance to be part of something meaningful.
- Ace invests in every employee we hire, with a key focus on development and coaching.
- We know the work environment matters. That’s why Ace holds frequent campus events.
- Employee discounts on Ace merchandise.
- Birth/Adoption bonding paid time off.
- Employee Assistance Program (EAP).
Equal Opportunity Employer
Ace Hardware Corporation is committed to a policy of promoting equal employment opportunities.
Disclaimer
This written “Position Description” is not intended to cover all aspects of the position listed.
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