What are the responsibilities and job description for the Underwriter - Commercial Lines position at Patrons Oxford Insurance Company?
Looking for an exciting career in the insurance industry?! Our mission here is to responsibly grow our business, our people, and our impact. We are a growing Maine company with stable roots back to 1877. Why Patrons? Opportunity for advancement, flexible work schedule options, collaborative work environment, support in continuing education, positive work culture, and financially sound with great health and retirement benefits.
Come join our Patrons Oxford team in our brand new award winning environmentally responsible building in Portland. Our facility boasts solar panels, sit/stand desks, outdoor walking, running, and snow shoeing trails that connect to our building, free parking, and a convenient location right off the interstate.
Position Summary:
Works with company licensed agents, selects, prices, and determines conditions for commercial lines accounts. Is responsible for developing relationships that will provide increased opportunity to write profitable commercial lines business. Identifies opportunities to improve product and service in the department and assists in development of these programs.
This opportunity is a hybrid role where the candidate would work in the office 2 days per week and from home up to 3 days per week.
Principal Accountabilities:
- Reviews and analyzes insurance applications, inspection reports and loss history
- Evaluates information presented to identify exposures and solicits additional information to base decision to accept or decline according to company policies and objectives
- Classifies risks, determines individual risk pricing factors, assigns specific endorsements
- Writes instructions to processing staff for policy issuance in a timely fashion
- Secures additional information as needed from sources to include: agents, underwriting guides, inspections
- Evaluates exposures to identify exposures to loss and secures reinsurance according to company objectives
- Provides assistance to agents in such areas as providing optional quotations, alternative coverage options, explanations of coverages, as well as clarification of recommendations and suggested risk improvements
- Maintains and develops relationships with assigned agents to achieve growth and profit objectives. Works with marketing representatives to establish any specific agency activities or visits. Participates in review of policies and procedures of the company.
- Assists in training of new staff.
- Contributes to company underwriting guidelines in identifying needs to underwriting vice president and working in assigned projects.
- This job description is not all inclusive and may include additional duties if needed
Job Requirements:
EDUCATION:
Bachelor’s Degree
Professional designation of Chartered Property Casualty Underwriter is preferred.
EXPERIENCE:
2-4 years in insurance underwriting department or courses to include completion of an underwriter training schedule.
SKILLS:
- Ability to analyze applications and develop information to identify exposures, hazards, and controls.
- Ability to analyze loss history to identify exposures or trends to apply to the acceptance, declination, and pricing decisions.
- Ability to work with agencies in developing business relationship with courtesy, tact, and efficiency.
- Decision making skills in applying underwriting knowledge and company policy.
- Oral and written communication skills in conversations and correspondence advising agents of underwriting decisions and company products.
- Interpersonal skills in working with agents and in assisting other staff in analysis.
- Recognizing work flow patterns and ability to identify downstream changes.
- Ability to work in a dynamic team environment.
ADDITIONAL:
- Valid Driver’s license
- Self-starter
- Able to manage multiple priorities.
- Strong analytical and negotiation skills
Benefits:
Patrons Oxford Insurance Company provides an outstanding compensation and benefit package.
- Health
- Dental
- Short-Term Disability
- Long-Term Disability
- Group Term Life
- AD&D Insurance
- Long Term Care
- Profit Sharing
- Paid Time Off
- Paid Holidays
- 401(k)
- Tuition Reimbursement
- Employee Assistance Program
- Onsite Fitness Center
- Healthy Vending Options
Patrons Oxford Insurance Company is an Equal Opportunity Employer.
Job Type: Full-time
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible schedule
- Health insurance
- Life insurance
- Paid time off
- Tuition reimbursement
Schedule:
- 8 hour shift
- Monday to Friday
Supplemental pay types:
- Bonus pay
Work Location: Hybrid remote in Portland, ME 04102