Production Underwriter

Posted:
10/3/2024, 2:25:18 AM

Location(s):
Kansas, United States ⋅ Overland Park, Kansas, United States

Experience Level(s):
Mid Level ⋅ Senior

Field(s):
Customer Success & Support ⋅ Sales & Account Management

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.

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

The Production Underwriter is responsible for underwriting and marketing accounts throughout approved states/territories. The Production Underwriter is a key part of the production underwriting capabilities of Amynta Dealer Solutions. This position will report to the VP, Amynta Dealer Solutions and job grade will be based on experience and capabilities. The Production underwriter will own the results of their book of business and will engage in activities tied to risk selection and to customer service.  

Amynta Dealer Solutions is Amynta’s leading dealer program offering a full suite of industry leading property, casualty and specialty products for dealerships within multiple industry verticals. Our team is growing, and we are looking for individuals with insurance experience or the right passion for taking care of customers.

The Production Underwriter role can be filled by individuals with experience as account managers, or underwriters with experience on the carrier, MGA/MGU or agent side. We are also willing to train the right candidate. If you have a growth mind set, individual accountability, critical thinking, and are detail oriented.

As we grow, there will be additional personal and career development opportunities that can be aligned with your core capabilities and personal growth objectives in our underwriting, sales, marketing, data analytics or operation management teams.  

If you love to drive creative solutions, want to help people and want to be part of a dynamic team, please apply.

Essential Duties & Responsibilities

  • Production underwriter owns the results of their book of business and will be compensated on annual and long-term profitability.
  • A production underwriter maintains balance between distribution and risk selection to drive profitable growth.
  • A production underwriter understands how their book fits in to the broader portfolio strategy.
  • A production underwriter has agent/broker relationships.
  • Engage in activities to generate submissions
  • Maintain and lead the relationship with their assigned agents.
  • Engage in activities to close accounts

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 Amynta 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 Beazley with a particular focus on new relationships.
  • Raise the profile of Amynta Dealer Solutions 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.
  • Track metrics around broker engagements maintaining actions and follow ups from visits and share client and broker feedback on product with key stakeholders in a structured manner.
  • Ensure we remain front of mind of brokers by planning and engaging in regular virtual/face-to-face meetings while acting as a contact point for broker queries and product education engaging in appropriate communication via social media.

Responsibilities

  • 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 and external materials
  • Support business unit leadership with presentations and special projects as Centers of Expertise or as assigned.

Qualifications

  • Sr. Production Underwriter: Bachelor’s Degree or 5-7+ years of production underwriting experience or equivalent work experience.
  • Production Underwriter: Bachelor’s Degree or 2+ years of commercial underwriting experience or equivalent work experience.
  • Proven sales results and client service 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
  • Strong business development and communication skills
  • Proficient with MS Office including Excel skills
  • Able to communicate effectively with others, both verbally and in writing
  • Ability to manage time, meet deadlines, and prioritize to meet sales target
  • Property & Casualty Agent’s license in residing state, or willingness to obtain
  • CPCU, AU-M, CIC designations a plus
  • Willingness & ability to travel for agency visits, industry functions, training and seminars.
  • Continuing education to maintain necessary credentials
  • Problem solving focused, self-motivated, flexible and enthusiastic

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.