Production Underwriter

Posted:
12/12/2024, 2:53:03 AM

Location(s):
Kansas, United States

Experience Level(s):
Senior

Field(s):
Sales & Account Management

Workplace Type:
Remote

We’re thrilled that you are interested in joining us here at the Amynta Group!

The Production (Producing) Underwriter is responsible for underwriting and marketing accounts throughout approved states/territories. Develop new business, manage assigned agencies, select advantageous risks and build a profitable portfolio of accounts. Represent the Amynta Group and meet with identified insurance agencies to develop relationships with the agents and promote your company's products and services. Work with the underwriting department to analyze the financial risk of applicants that come in through that agency and determine if they qualify for coverage. Monitor loss ratios for Carriers and Agents and take corrective action when possible to remain profitable. Regularly make marketing presentations to prospective clients. Manage and develop agent performance and the book of business through personal analysis. Analyze information in insurance applications, supplemental reports, studies, data and related information in order to determine if a risk meets acceptable criteria.

Essential Duties & Responsibilities

  • Production underwriter owns the results of their book of business.
  • A production underwriter maintains balance between distribution and risk selection to drive profitable growth.
  • A production underwriter understands how their book fits into the broader portfolio strategy.
  • A production underwriter has agent/broker relationships.
  • Engage in activities to solicit submissions and to close accounts within our targeted exposure profile.

Relationship Management
 

Work with key internal stakeholders to develop and maintain product-specific business development plans identifying, segmenting, detailing and evaluating potential broker and agent prospects, and executing such plan to ensure that AmCom generates targeted levels of growth and ‘hit’ ratios in this market.

  • Lead in the education of the broker market on the products in a way that creates a need to buy, highlights our competitive differentiation, illustrate the need for service led products to grow the brand and facilitate the placement of new business with a particular focus on new relationships.
  • Raise the profile of AmCom within the broker community increasing the strength of relationships within the broker market to achieve a highly productive level of consistent, strong producer relationships over time.
  • Ensure we remain front of mind of brokers by acting as a contact point for broker queries and product education engaging in appropriate communication via social media.

Underwriting
 

  • Develop and underwrite a profitable portfolio in support of business plans.
  • Structure tailor-made solutions by considering the team underwriting parameters and underwriting exposures leveraging underwriting knowledge and experience to win new business and retain existing.
  • Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level.
  • Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure as well as the underwriting and general administration costs to ensure profitability.
  • Comply with underwriting control standards for business written through delegated authority.

Additional Responsibilities

  • Engage with all levels of leadership to solve problems
  • Assist in development of internal process to maximize our ease of doing business.
  • Support business unit leadership with presentations and special projects as Centers of Expertise or as assigned.

Qualifications

  • Bachelor’s Degree or 2+ years of commercial underwriting experience or equivalent work experience.
  • Knowledge of underwriting philosophy, processes, and practice
  • Extensive experience in the insurance industry ideally within an underwriting, broking, relationship management or sales role
  • Strong analytical skills and critical thinking skills with great attention to details
  • Individually accountable
  • Effective relationship management skills with customer focused approach
  • Ability to develop tactical underwriting plan and execute on its implementation
  • Active listening and emotional intelligence
  • Ability to work independently for significant periods of time
  • Proficient with MS Office including Excel skills
  • Property & Casualty Agent’s license in residing state, or willingness to obtain
  • CPCU, AU-M, CIC designations a plus
  • Continuing education to maintain necessary credentials.

Thank you for your application! You can view the status of your application in Workday.

The Amynta Group (the “Company”) is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of any ground of discrimination protected by applicable human rights legislation. The information collected is solely used to determine suitability for employment, verify identity and maintain employment statistics on applicants.

Applicants with disabilities may be entitled to reasonable accommodation throughout the recruitment process in accordance with applicable human rights and accessibility legislation. A reasonable accommodation is an adjustment to processes, procedures, methods of conveying information and/or the physical environment, which may include the provision of additional support, in order to remove barriers a candidate may face during recruitment such that each candidate has an equal employment opportunity. The Company will accommodate a candidate to the point of undue hardship. Please inform the Company's personnel representative if you require any accommodation in the application process.