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PRODUCTION UNDERWRITER

Company: Salus Workers Compensation LLC
Location: Las Vegas
Posted on: January 16, 2022

Job Description:

Description:
SUMMARY/OBJECTIVEUnder the leadership of the Program Manager, the primary responsibilities of a Production Underwriter include analyzing Workers' Compensation risk exposures and determining the appropriate action regarding pricing and quoting of opportunities. They will work with Method's Independent Insurance Agency Partners to collect information pertaining to the risk quality and exposures.The Production Underwriter will proactively build relationships with agency partners by communicating appetite, market accessibility, submission process, and binding requirements to gain access to new business opportunities and effectively write accounts. In this role, the individual would be responsible for acknowledging new submissions, corresponding professionally with agents and carriers, provide quotes and/or declinations, follow-up on quoted business, and binding new and renewal business.The individual will perform risk selection, negotiate pricing on new and renewal business, process endorsement requests, reviews quotes, and partake in making sales calls to agents. This position requires underwriting knowledge as well as relationship management skills.The Production Underwriter must engage the Agency Partners in our E x 3 Approach - Exceptional Service, Expert Underwriting & Distribution, and Extensive Appetite & Markets. This individual will be responsible for ensuring the E x 3 Approach is enforced and aligned with Method's Brokerage Division production goals as well as our Exclusive Program Division.ESSENTIAL FUNCTIONSExhibit understanding and knowledge of insurance risk and carrier appetiteAssess submission applications, loss runs, experience mod worksheets and other supplemental information that pertains to a specific risk exposure(s)Analyze risk vs exposure in terms of rating, quoting, and binding accounts within specified underwriting guidelinesDemonstrates a professional, technical, and sales mentality when managing accountsGain an understanding of market and competitor environment to provide insight and input on pricing and marketing strategiesCollaborate with internal staff to ensure that accounts are brought through the Lifecycle of a Submission and carried into production results accordinglyFunction as a liaison between our Agency Partners and other internal functions such as loss control, claims, business development, marketing, and Method's Specialty Workers' Compensation ProgramManage assigned agents efficiently including production reviews, providing Exceptional Service through responsive and timely communication, and effectively work through channel conflicts and/or expectation levelsMeet/exceed performance expectations including managing submissions, quotes, and binders each week/month based on assigned metric goalsDocument all activity including contacts, calls (phone or in-person), appointments, and opportunities within our Agency Relationship Management (ARM) systemCOMPETENCIESCritical thinking and analytical decision makingStrong relationship & customer management skillsMust be comfortable with negotiating and leveraging business with a sales approachPossess a high sense of urgency and self-confidenceStrong work ethic and positive attitudePassionate, energetic, self-motivated who thrives and can achieve goalsPerseveres in a growing, changing, and dynamic work environmentCompetitive while working as part of a teamStrong verbal and written communication skillsSUPERVISORY RESPONSIBILITYThis role currently has no supervisory responsibilities..

Requirements:
TECHNICAL SKILLS REQUIREDProficient in Microsoft Office Suite, G Suite, Adobe Acrobat, or similar softwareWORK ENVIRONMENT & PHYSICAL DEMANDSThis position operates in a professional office setting and is largely a sedentary role. However, some filing is necessary and may require the ability to lift files, open filing cabinets and bend or stand on a stool as necessary.POSITION & EXPECTED HOURSThis is a full-time, salaried exempt, position. Typical work hours and days are Monday through Friday, from 8:00 am to 5:00 pm. Some flexibility in hours is allowed, however, the employee must be available during the "core" work hours of 9:30 am to 3:30 pm and must work 37.5 hours each week.TRAVELSome travel may be required (up to 25%) to visit agencies, attend conventions and trade shows, or other insurance professional networking or association events.EDUCATION & EXPERIENCEA bachelor's degree in business or related field mandatoryAt least two years' Workers' Compensation, insurance and/or underwriting experience is preferredA combination of education and experience may be acceptedPI160773372

Keywords: Salus Workers Compensation LLC, Las Vegas , PRODUCTION UNDERWRITER, Professions , Las Vegas, Nevada

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