Trucking Underwriter
- Employer
- IAT Insurance Group
- Location
- Open
- Salary
- Depends on Experience
- Posted
- Jan 11, 2018
- Closes
- Mar 12, 2018
- Category
- Underwriting
- Job Type
- Full Time
- Career Level
- Experienced (Non-Manager)
The Commercial Transportation Unit within IAT Insurance Group has an immediate opening for a Trucking Underwriter that can be located in our Rolling Meadows, Illinois, Cheshire, Connecticut or Raleigh, North Carolina location.
The primary responsibilities are located below:
Responsibilities:
- Evaluate, assess, price and recommend handling of accounts beyond agent’s granted authority and, if necessary, present the account to another underwriter or manager with the authority to approve that specific account.
- Manage, evaluate, analyze and assess General Agents’ (GA) book of new and renewal business, making recommendations as to pricing, acceptability, coverage considerations, cancellations, non-renewals, etc. to maximize profitability. This involves the interpretation, trending and development of loss information from prior carriers, analysis of financial information and governmental and industry reports prepared specifically for each account.
- Direct and advise the processing department in questions of policy issuance to ensure legality and accuracy of the insurance contract. Assure that the policies issued by the general agents are accurate and correct.
- Direct Loss Control’s approach on specific accounts and evaluate, analyze and interpret loss control reports on individual accounts. Work with Loss Control to assure satisfactory responses are received on Loss Control Recommendations.
- Track and maintain internal monthly reports addressing rates, loss ratios, submissions, renewals, risks bound and lost.
- Advise and assist the claims department, where necessary, to interpret policy forms, determine coverage and/or to act as liaison with the GA.
- Analyze each agency’s performance to evaluate its results and in cooperation with underwriting and business unit management and general agency management make recommendations for the annual business plan.
- Travel, as needed to work with the individuals within the GA’s offices to evaluate workflow, perform underwriting audits of file maintenance and acceptability and assure the overall profitability of each GA. Correspond with the general agent in a manner that serves to maintain positive agency relations and elevate issues as necessary to underwriting manager.
- Prepare and present educational programs, as needed, or as requested by management. This involves group presentation, public speaking and cogent presentation of information covered.
Qualifications:
Must Have
- Bachelors’ degree in Risk Management, Finance, Mathematics, Business or related discipline with at least 2 years-experience in commercial Insurance or equivalent.
- Equivalent is defined as 6 years of commercial trucking underwriting experience.
- Thorough knowledge of Insurance and Transportation Industries.
- Must have trucking experience within commercial automobile experience.
- Excellent knowledge of pricing techniques to achieve company objectives.
- Excellent knowledge of coverage features and their impact on pricing.
- Excellent verbal and written communication skills.
- Ability to appropriately utilize loss control to minimize risk to the company.
- Excellent knowledge of Excel, Power Point, Outlook.
- Excellent verbal and written communication, analytical thinking and strong decision making skills.
- To qualify, all applicants must be authorized to work in the United States and must not require now, or in the future, VISA sponsorship for employment purposes.
We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing. We participate in E-Verify.