About the Role
The Commercial Lines Underwriter develops, manages, markets, underwrites, and sustains profitable business by providing high-level technical and sales expertise with commercial insurance coverages for clients of independent and retail insurance agents and brokerages.
Responsibilities
- Builds cooperative and dependable relationships with independent insurance agencies and brokerages to create business placement opportunities.
- Develops and maintains underwriting and cooperative service relationships with insurance carriers by demonstrating in-depth knowledge of commercial insurance and underwriting guidelines, both in excess and surplus lines and standard markets.
- Recognizes acceptable business opportunities through underwriting pre-qualification process.
- Successfully negotiates market placements of new and renewal business.
- Meets and sustains targeted revenue goals.
- Coordinates resources to accomplish specific account objectives.
- Assumes ultimate responsibility for the successful completion of all account tasks and details on account portfolio.
- Motivates and educates co-workers, blending leadership and technical skills.
- Is knowledgeable of workplace laws and corporate policies and practices; maintains a fair office work environment.
Requirements
- Active Property and Casualty License required
- Ability to travel extensively.
- Must have and maintain a valid driver’s license
- Substantial and relevant experience in a commercial insurance brokerage or underwriting environment including wholesale brokerage experience.
- Demonstrated understanding of commercial insurance coverages and relevant forms for excess and surplus lines, understanding of both admitted and non-admitted markets.
- Trusted working relationships with carrier and markets.
- Highest level of customer relations, sales management and negotiating skills to effect profitable results.
- Highest level of interpersonal skills to facilitate team building and resource management.
- Proficient in Microsoft Office including Word, Excel, and Outlook
Skills
- Commercial insurance
- Underwriting
- Excess and surplus lines
- Standard markets
- Customer relations
- Sales management
- Negotiating
- Interpersonal skills
- Team building
- Resource management
- Microsoft Office (Word, Excel, Outlook)
Work Type
- Full-time
Experience Level
- 5-7 years of relevant experience
Education Level
- Bachelor's degree preferred; equivalent experience and knowledge considered
- Bachelor's degree (4-year degree)
Salary/Compensations
- $70,000-$110,000
Benefits
- Health/dental/vision/life/disability insurance
- FSA, HAS and 401(k) accounts
- Paid-time-off benefits such as vacation, sick, personal, floating holidays and company holidays
- Eligible annual bonuses
- Equity
- Commissions
About the Company
- SPG Wholesale is the wholesale division of Specialty Program Group, combining five of our legacy wholesale brands (Monarch E&S, Beacon Hill Associates, Specialty Wholesale Insurance Solutions (SWIS), Capitol Special Risk and JDM & Associates) into one unified platform.
- Our goal is to partner with industry-leading specialty businesses to provide them with the ability to achieve their goals and optimize their businesses.
- Specialty Program Group, a division of HUB International, offers access to capital and investment, deep carrier relationships, creative thinking, product development and broad distribution, while allowing our businesses to maintain the essence of what makes them successful.
- Specialty Program Group delivers leading-edge specialty expertise backed by transformative digital capabilities and sophisticated data and analytics.
Equal Opportunity
- HUB International Limited is an equal opportunity employer that does not discriminate on the basis of race/ethnicity, national origin, religion, age, color, sex, sexual orientation, gender identity, disability or veteran's status, or any other characteristic protected by local, state or federal laws, rules or regulations.
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