Commercial Lines Underwriter
From $41,250/yr
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. 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, 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 experience 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, Power Point 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.) First Chicago Insurance Company provides a competitive benefits package to all full- time employees. Following are some of the perks First Chicago employees receive: Competitive Salaries Commitment to your Training \& Development Medical and Dental and Vision Reimbursement Short Term Disability/Long Term Disability Life Insurance Flexible Spending Account Telemedicine Benefit 401k 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.