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Associate Underwriter - Eastern Alliance

Company: ProAssurance Corporation
Location: Carmel
Posted on: April 27, 2021

Job Description:

An exciting opportunity exists to join the ProAssurance family of companies!We are a specialty writer of professional liability, products liability and workers' compensation insurance. With more than 800 employees operating in all 50 states, we are well positioned to offer career opportunities to individuals interested in professional growth.This position is with Eastern Alliance, a best in class workers' compensation provider, and member of the ProAssurance family of companies.The primary responsibility of the Associate Underwriter position is to provide support to an Underwriter in executing the strategic initiatives and financial goals of the Underwriting Department in support of the Company's revenue and profitability objectives and overall business plan. Sound decision making and effective communication with agency partners is necessary. This position is responsible for the accurate processing of new business applications, renewals, endorsements, cancellations, non- renewals and criticisms, and analyzing information critical to the Underwriting evaluation of the risk.Essential Functions:30% Decide upon and execute appropriate action in support of profitability objectives for renewal of existing policyholders according to company procedures and timelines. Request information from agents, analyze data and information, update financial information and calculate experience mod factors as needed. Make profitable underwriting decisions within the timelines set by regulatory and Company guidelines within underwriting authority. Review adverse accounts on a monthly basis, prepare analysis as appropriate and issue non -renewal notices when appropriate25% Evaluate and organize new business applications by collecting and analyzing data, and evaluating loss data. Rate policy to calculate premium estimates in order to work collaboratively with the Underwriter to determine final pricing. Make an initial determination of risk desirability during the data evaluation stage to enhance work efficiency10% Correct or modify policies in light of profitability objectives by the accurate and timely processing and interpretation of endorsements, and criticisms. Cancel and issue policies according to timelines set by regulatory and Company guidelinesCustom Business Unit15% Analyze loss information with strong attention to detail, completing Jaguar-- to calculate loss trendsunite-- Business Unit15% Underwrite, decide upon and execute appropriate action in support of profitability objectives for automatic renewals within regulatory and company guidelines within assigned underwriting authority. Accurately complete documentation for automatic renewalsSecondary Functions:10% Maintain, cultivate and develop high quality company-agency and company-client working relationships, communicating with agents on a regular and timely basis as necessitated by business needs and company guidelines via phone, fax and e-mail to obtain information or respond to inquiries in a timely, courteous and professional manner; participate in agent/client meetings to review results and book of business, provide product updates and other relationship issues5% Communicate with Finance Department regarding questions of payments and audits, follow up with agent or insured if necessary and communicate any concerns with the Underwriter5% Actively participate in monthly team meetings, training as needed and provide general office support and other duties as assigned. Willingly offer support to other team members as neededQualifications:* Bachelor's Degree in Business, Insurance or related field preferred. A high school diploma or G.E.D. and a minimum of two years industry experience is required for candidates without a Bachelor's Degree* Proficiency in Microsoft Office computer applications; ability to learn new computer software applications* Basic analytical ability, in order to gather data and interpret information; request more information when data is incomplete and prioritize work* Continual attention to detail in processing policy information, establishing priorities and meeting deadlines* Ability to communicate effectively and professionally both verbally and in writing with all levels of the organization as well as with outside customers and clients* Ability to assess the urgency and importance of a situation and take appropriate action

Keywords: ProAssurance Corporation, Carmel , Associate Underwriter - Eastern Alliance, Other , Carmel, Indiana

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