Senior Underwriter

BITCO Insurance Companies•Pasadena, CA

5d•$100,000 - $155,000•Hybrid

About The Position

We are seeking a detail-oriented and strategic Commercial Underwriter responsible for evaluating insurance applications and underwriting new and renewal business from an assigned group of agencies. This role requires timely, accurate decision-making and a commitment to fostering strong agency partnerships.

Requirements

Field Underwriting– 2-5 years of P&C Underwriting experience required in one or more of the following areas: Construction, Oil and Gas, or Forest Products
Underwriting New & Renewal Business – determine pricing and understanding commercial lines policy forms and coverages
Analyzing & Managing Exposures – Develop action plans to manage risks and changes during a policy period
Agency Management – Growth and development; prospecting; appointment; and maximization of opportunities and responsibilities
External Sales – Cultivate new business while demonstrating retention of current customers through presentations to agencies and customers
Valid Driver's License with acceptable Motor Vehicle Report

Responsibilities

Decide whether to accept, decline, or modify applications or requests to sell an insurance policy and once sold, recognize and evaluate exposure changes as they occur during a policy period
Evaluate, quote, and negotiate prices on applications from new and renewal customers and requests for changes in policies which requires an understanding of statutory requirements, ISO, company and NCCI coverage forms and endorsements and commercial line reference materials, including Best's Underwriting Guide
Manage a group of agencies, including prospecting for new agencies, agency appointment, growth and development, maximization of agency profit sharing opportunities and credit management; evaluating agency factors, including agency personnel, line diversification, loss ratio, agency book of business, volume and profit potential and which agencies to appoint or terminate
Solicit new business and retain renewal business through effective presentations to agency and customer audiences
Manage and develop business in an assigned territory, including achieving profitable underwriting results, sales development and customer service functions
Formulate, plan and achieve sales budgets, with objectives to support business planning, for assigned accounts and territory, including setting and achieving premium and loss ratio goals, agency and prospecting calls and business forecasting
Working with a structured referral process, maintain, promote and increase profitable sales from current and prospective customer accounts through, among other activities, regular agency visits, developing agency relationships and agency reviews
Make decisions within stated levels of authority and company guidelines, seek exceptions to guidelines as needed when supported by appropriate data
Identify and take appropriate action on changes in customer operations or financial conditions
Maintain and promote profitable business relationships with current and prospective customer accounts, through effective marketing, sales and service efforts
Coordinate, promote and market claims, risk control and premium audit service plans to current and prospective customers
Maintain knowledge of corporate, regulatory, and competitive changes in lines of business written
Other duties assigned