Personal Lines Underwriter Associate Job in Harleysville 19438, Pennsylvania US
Summary:
Review personal line applications, renewals or endorsements to determine acceptance, rejection or modification of coverage in accordance with company underwriting guidelines. Develop proper account pricing based on established company standards. Perform agency management and book of business management functions with the assistance of manager. Drive profitable growth from agents.
Perform duties according to established procedures with minor latitude for independent judgment.
Essential Duties and Responsibilities:
Use various company materials (underwriting guide, F C S, Best's, and other online reference tools) to review new business, renewals, and endorsements and quote request to determine acceptability.
Establish appropriate account pricing in accordance with company guidelines.
Correspond with agents, company personnel and insureds regarding risk acceptability, additional information, etc.
Analyze physical inspections, credit reports, MVRs, CLUEs and other underwriting reports.
Prepare cancellations and non-renewal notices in accordance with state law requirements.
Identify trends in risk quality of new business and the inforce book for each assigned agent and assigned states. With the assistance of the manager, develop and implement corrective actions to address adverse trends.
Identify production, retention, loss ratio, etc. issues/trends for each assigned agent. With the assistance of the manager, develop and implement corrective actions to address adverse trends.
Train new agents and CSRs on our products, systems, philosophy and procedures and ensure they begin writing good quality risks.
Place personal blanket excess coverage in compliance with established company procedures.
Ensure profitable property results by making sure our agency force is insuring new and renewal dwelling to value, using appropriate protection classes, rating territories, and individual rating characteristics. Ability to use and understand outside vendor reports utilized to verify this process.
Re-underwrite selected unprofitable agents, prepare a final report and assist in the presentation to the agents.
Complete Large Loss analyses.
Assist in the review of roll over books of business offered to the company.
Assist in the preparation of information needed to prepare a pricing proposal for various personal lines of business.
Physical Demands / Work Environment:
Normal office setting work environment