Senior Commercial Renewal Underwriter

Summary

As a Senior Insurance Property and Casualty Underwriter, you will play a critical role in the underwriting support process for renewal business applications and new business opportunities within the small to mid-market segment. You will leverage your extensive knowledge of commercial insurance products-including auto, property, general liability, workers' compensation, and Excess/Umbrella to assess risk, develop competitive pricing, and lead underwriting initiatives. This position entails mentoring junior underwriters, collaborating cross-functionally, and contributing to strategic decision-making in underwriting policies.

Key Responsibilities

• Oversee and manage the underwriting process for complex commercial accounts, ensuring adherence to company guidelines while assessing risk and exposure for auto, property, general liability, workers' compensation, and Excess/Umbrella.
• Utilize advanced analytical skills to evaluate risk factors, loss history, and market trends to make informed underwriting decisions that align with the organization's Industry Practice strategic goals.
• Develop and maintain relationships with brokers and agents, offering exceptional service and acting as a key point of contact for underwriting inquiries.
• Provide mentorship and guidance to junior underwriters; facilitate training sessions and knowledge sharing to enhance team capabilities.
• Participate in the development and refinement of underwriting policies, processes, and pricing strategies based on industry trends and company objectives.
• Collaborate with cross-functional teams, including claims, risk management, and product development, to improve service delivery and enhance client satisfaction.
• Actively engage in business development initiatives, identifying opportunities for growth within existing portfolios and contributing to new business efforts.
• Monitor regulatory changes and industry best practices, ensuring compliance and alignment with current standards in underwriting practices.
• Prepare and present detailed reports on underwriting performance metrics and market analysis to senior management, aiding in strategic decision-making.
• Minimum 3-5 years of commercial P&C underwriting experience
• In-depth knowledge of commercial insurance products, including but not limited to auto, property, general liability, workers compensation, and Excess/Umbrella.
• Proven track record in risk assessment, pricing strategies, and developing underwriting guidelines.
• Exceptional analytical and problem-solving skills, with the ability to interpret complex data sets and make sound decisions.
• Strong negotiation skills coupled with superior communication and interpersonal abilities to effectively relate with brokers, agents, and clients.

Education: Bachelor's degree or equivalent experience