Commercial Lines Underwriter/Senior Commercial Lines Underwriter Washington. Idaho, Montana, Oregon

Pennsylvania Lumbermens Mutual Insurance is America’s largest and oldest insurer serving the lumber and building material industries. Since our founding in 1895, we have been the nation’s premier property & casualty company in the market. Build your future with a company whose story is rooted in protecting the businesses that help build America.

Position: Commercial Lines Underwriter/Senior Commercial Lines Underwriter 

Department: Underwriting

Reports to: Underwriting Manager

Position Summary: This position requires a goal-oriented individual to work in tandem with our Field Representatives to produce, and retain, profitable underwriting accounts. Receives functional policy direction and guidelines from the Manager or Assistant Vice President and operates within policies and guidelines established by underwriting management. Provides work direction to the Commercial Lines Underwriting Assistant or Operations personnel as required but does not supervise him/her. 

Essential Functions and Responsibilities:

Quotation

1. Review applications for class acceptability, completeness (request additional info, if appropriate), and risk acceptability

2. Evaluate classification for accuracy

3. Review Dunn & Bradstreet Reports or financial statement as appropriate to ensure client liquidity

4. Coordinate pricing with the broker and Field Representative by determining expiring price as well as target price and who competition is. Obtain commitment from broker regarding account placement if we meet the target price

5. Develop any additional underwriting information necessary to determine risk acceptability and if appropriate, have a tentative quotation developed. It is acceptable to quote “subject to …”. Additional information might include more detailed loss information, a Technical Services report, financial information, MVRs, etc.

6. Run location specific CAT model using JLT’s CATography software

7. Secure Reinsurance quote, if needed

8. Coordinate quotation’s release with the Field Representative.

9. Establish a diary on the quotation for follow up with broker to ascertain initial acceptability, re-diary for follow up prior to effective date to ascertain our success and, if appropriate, consider last minute revisions.

10. Refer risks exceeding underwriting authority with a recommended handling action to the Underwriting Manager.

11. Process all quotations by broker’s “need by” date.

Renewals

1. Review file for completeness of underwriting information and, if necessary, coordinate/obtain any missing or incomplete information.

2. Contact broker and implement the renewal retention program as outlined under separate cover.

3. Complete a loss analysis.

4. Evaluate most recent Technical Service information; if necessary obtain updated or new report. Confirm status of recommendations that are outstanding (or may be).

5. Make renewal decision, i.e. renew (and, if so, at what price) or non-renew. Do not assume that because the risk is on the books it is a good risk. Underwrite it!

Confirm that renewal pricing will support past loss experience. Consider the frequency/severity issues. Consider whether changes in coverage are appropriate for renewal, i.e. increase deductibles, elimination of certain coverages, etc.

6. Confirm policy construction issues.

7. Involve Underwriting Manager as appropriate.

8. Process all renewals at least 30 days prior to effective date unless the broker or insured delays processing by withholding information.

Endorsements

1. Review requests for completeness of information.

2. Evaluate request for acceptability.

3. Consider any pricing issues.

4. Process all endorsement requests within 10 days of receipt.

Special Issues - Motor Vehicle Reports

1. Verify drivers' list is complete including full names, dates of birth, drivers’ license numbers and, states of licensing. Underwrite this information in light of the risk you are reviewing.

2. Order MVRs. Re-underwrite driver information once the MVRs are available

3. Ensure compliance with Fair Credit Reporting Act.

Loss Information

1. Develop detailed loss information by reviewing hard copy from prior carriers. It is appropriate to quote subject to satisfactory loss information after binding. In this case, loss info could be based on broker’s memo or a memo from the insured outlining information. Underwrite this information. Follow up for hard copy post binding. Confirming it supports pricing. Consider closely frequency/severity trends, consider appropriate controls.

Other

1. Ensure that appropriate forms are included on all contracts.

2. Review and handle mail within 72 hours of receipt.

3. Respond to all telephone calls on the same day as received. If you make a commitment to handle something by a certain date and you are unsuccessful in doing so, advise customer of failure to do so and reason as well as new target date.

Knowledge and Skills: 

1. Bachelor’s degree in Risk Management and Insurance; or equivalent relevant experience

2. 6 plus years demonstrated multi-line underwriting experience in a similar environment 

3. Professional designation of CPCU or equivalent (ARM, CIC, AU) preferred 

4. Understanding of and ability to apply underwriting processes to potential and current risks

5. Demonstrated ability to analyze financial stability and determining a clients’ liquidity

6. Detailed understanding and “current knowledge” of commercial coverages and policy forms

7. Good understanding of commercial rating techniques

8. Knowledge of reinsurance marketplace, both facultative and treaty

9. Good understanding of policy construction detail

10. Knowledge of CAT management tools and understanding of exposure, both at individual account and book level 

11. Outstanding organizational skills resulting in the ability to handle a large workload.

12. Strong communication skills (both oral and written)

13. Strong negotiation skills

14. Basic understanding of the insurance industry as a whole

15. Basic understanding of the sales process

16. Ability to work in a team environment

17. Ability to build and manage relationships with clients and fellow employees

18. Ability to identify and solve complex problems

The annual salary range for this position is $80,000–$105,000, plus company-wide bonuses. The final offer will be based on relevant experience, qualifications, and job-related skills. In addition to base salary & bonuses, eligible employees receive a robust benefits package that includes medical/dental/vision/life insurance coverage. The company also provides tuition reimbursement and pays 100% for all job related licensing/courses/Institutes testing. As well as a very generous 401K with up to a 6% employer match, and a company provided 401K bonus for an additional 3-5%.

Pennsylvania Lumbermens is an equal opportunity employer. We are committed to providing a workplace free from discrimination and harassment and consider qualified applicants without regard to legally protected characteristics, consistent with applicable federal, state, and local laws. We encourage individuals of all backgrounds and experiences to apply.

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