Senior Underwriter

Company Details

Preferred Employers Insurance, A Berkley Company specializes in providing workers’ compensation insurance to California business owners. The company serves three major client segments: Small Business Owners, Mid-Larger Businesses and Group Association Members (Programs). The company’s distribution partners (agents & brokers) number 400+ locations throughout the state.

Preferred serves 10,000 policyholders and provides medical claims handling and claims management for policyholders as needed to care for injured workers. The company is rated A+ Superior by industry-rating organization, AM Best & Company.

The company is an equal opportunity employer.

Responsibilities

The Senior Production Underwriter is primarily responsible for

• Risk Evaluation: Selection, retention, and pricing of new and existing business in accordance with the company’s underwriting philosophy and guidelines.
• Broker Relationships: Pro-actively develops and fosters positive, professional relationships with the company’s agency partners in an effort to promote the company’s products and services.
• Premium Growth: Works closely with Field Sales Managers in plan management of brokers. (i.e., Generation of submissions, target quote and bind hit ratios, co-working agency business plans and incentives.)
• Underwriting Profit: Works closely with Field Sales Managers in the achievement of pricing targets and commission targets to meet company’s profitability objectives.

Key functions include but are not limited to

• Selects new business and evaluates renewal accounts in accordance with company underwriting philosophy, established authority parameters, as well as written/verbal procedures and guidelines.
• Demonstrates a professional, courteous attitude with agents. Responds quickly and ethically to all requests/issues. Delivers on promises and promises only what can be delivered.
• Provides accurate and thorough education to agents about the company’s risk selection philosophy and pricing guidelines.
• Monitors performance criteria, including premium and unit count goals, mix of business, written-to-quoted ratio, and declination ratio of assigned agencies and territory.
• Achieves company growth objectives by consistently seeking sales opportunities, soliciting desirable business, and diligent follow-up on quoted business.
• Regularly travels to agencies providing field underwriting and quoting as needed.
• Reviews claims activity, loss control surveys, and inspection reports for existing policies, handling as required.
• Works with other departments as necessary to resolve policy issues.
• Determines the appropriate course of action for policy changes, delegating to assistant underwriters and/or processing assistants for handling.
• Provides mentoring and training to other staff members.
• The Senior Production Underwriter must be a team player, exhibit expertise and consistently exercise good judgment.

Qualifications

• BA/BS degree from an accredited institution, or equivalent
• 5+ years of experience in California workers’ compensation underwriting, or equivalent
• Demonstrated ability to work in a fast paced, decision-oriented environment
• Excellent communication, negotiation, and analytical skills
• Strong organizational skills and ability to manage multiple tasks
• Strong automation skills including MS Office products
• Ability to work independently and in a collaborative team environment

Additional Company Details: We do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include:

• Base Salary Range: $80,000 - 135,000 annually
• Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. Sponsorship Details: Sponsorship not Offered for this Role