Senior Commercial P&C Underwriter - Universal Shield Insurance Group
Dublin, OH 43016
About the Job
Guided by an entrepreneurial spirit, Universal Shield Insurance Group is a hybrid property and casualty insurer and insurtech that provides innovative insurance solutions to underserved markets for small businesses on both an admitted and surplus lines basis. Via online state-of-the-art agency portals, and B2C, and B2B websites, we design our products intuitively and device agnostic to accelerate competitive underwriting decisions for our partners and customers.
This position is an excellent opportunity to get in on the ground floor with an expanding and growing established insurance company led by experienced insurance professionals with a proven track record of success. Our Commercial Property & Casualty department is seeking an experienced Senior Underwriter to join our team.
Key Responsibilities:
- Capable of managing a renewal book of approximately $7M-$8M and generating new business of approximately $1.5M annually.
- Objectively analyze diverse information on new and renewal business to accept, price, modify, or reject business within delegated authority level for both Admitted and Surplus Lines Products.
- Reviewing market conditions to determine whether new coverage should be offered or existing coverage should be scaled back or discontinued.
- Effectively apply forms, endorsements, and deductibles to help mitigate risk.
- Preparing written reports and leading meetings detailing/discussing coverage decisions, including supporting documentation.
- Develop strong business relationships with key wholesalers and agents and provide underwriting guidance to the producers.
- Identify account rounding opportunities to increase product footprint with wholesalers and customers.
- Collaborate with other underwriters, marketing, claims, operations, and management colleagues when necessary to manage and implement effective rate and pricing strategies to produce profitable results, book portfolio growth, and enhance producer relations.
- Identify opportunities for growth within existing and new sources of business. Must have expertise in marketing of insurance products and rating/pricing strategies to achieve profitable growth.
- Maintain a profitable book of business within assigned levels of authority by using sound underwriting judgment and technical skills.
- Continue personal industry skills and knowledge development to meet the company goals of quality and timeliness.
- Maintain knowledge of current insurance market trends, conditions, competitive intelligence, compliance/regulatory issues, and product and service innovations.
- Ability to interact collaboratively and collegially with colleagues, agents, and customers in a professional manner.
- At least five years of Commercial P&C underwriting insurance experience is required (experience with Commercial Property, General Liability, Inland Marine, BOP/CPP preferred)
- Achievement of CPCU, CIC, or other applicable designations with a willingness to complete additional credentials and continuing education
- Ability to Communicate effectively with internal and external contacts - strong customer service focus
- Strong organizational and time management skills required
- Strong intellectual curiosity
- Detail-oriented and able to handle multiple tasks on time
Universal Shield Insurance Group offers an industry-competitive benefits package including health insurance with a company-contributed HSA, dental insurance, vision coverage, short-term disability insurance, long-term disability insurance, AD&D insurance, Employee Assistance Program (EAP), and other lifestyle and family-friendly and work/life balance benefits. We also offer a company-matched 401K, unlimited PTO for exempt employees, and other ancillary workforce benefits. Applicants selected for interviews will receive more information on our full company benefits program.
About Universal Shield Insurance Group:
Guided by an entrepreneurial spirit, Universal Fire & Casualty Insurance Company (UFCIC) is a hybrid property and casualty insurer and insurtech that provides innovative insurance solutions to underserved markets for small businesses. Via online state-of-the-art agency portals and direct to consumer retail (B2C) and business to business (B2B) websites, we design our products intuitively and device agnostic to accelerate competitive underwriting decisions for our partners and customers.UFCIC targets property and casualty insurance for small businesses that are managed in such a way that they deserve to qualify for, and enjoy, the additional advantages in security and coverage offered by an admitted product. While the surplus market, as a last resort channel, can provide a reduced coverage form at a higher price, UFCIC turns this dynamic upside down. Via a higher standard of acceptance, expert underwriting rules, advanced analytics, machine learning, and external data sources to supplement standard risk information, the majority of UFCIC’s target business can “graduate” from the surplus lines and be provided with a superior coverage form in the admitted marketplace. For those risks that necessitate the surplus market, our company uses our E&S carrier, Shield Indemnity, for risk placement.UFCIC also serves the specialty surety bond marketplace by providing a variety of proprietary, cutting-edge, and competitively priced surety products available through efficient direct and agent based technology enabled portals. Via UFCBonds.com (B2C), customers can buy License and Permit bonds direct, as well as other types of surety bonds, with zero commissions and fees – savings are up to 25% compared to online agency based surety bond platforms. For business to business (B2B), our BondRamp.com platform serves our distributors for surety bond placement. Additionally, UFCBonds.com and BondRamp.com issue most bonds instantly and are available 24x7x365 and accessible by computer, tablet, or mobile device.UFCIC is part of the Universal Shield Insurance Group (www.universalshield.com). Universal Shield is composed of Universal Fire & Casualty Insurance Company (www.ufcic.com) - an admitted carrier - and Shield Indemnity Inc. (shieldindemnity.com) - an excess and surplus carrier.