Senior Garage Underwriter - Contract Binding - Core Specialty Insurance Services, Inc.
Scottsdale, AZ 85251
About the Job
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The Garage Senior Underwriter will work independently with minimal supervision to support and manage the profitability and premium growth of assigned managing general agents.
Key Accountabilities/Deliverables:
Apply a thorough working knowledge of the Contract Binding’s underwriting portal in the daily execution of underwriting duties, including training of assigned agency personnel.
Apply underwriting expertise within the defined limits of authority to achieve underwriting profitability of assigned agents.
Provide agents with documented proposals, quotes, and guidance with clear definition of appropriate exposure classification, pricing information, limits, terms, and forms for risks outside of the agent binding authority.
Promptly respond to all agent submissions and inquiries and perform to defined service standards.
Maintain technical skills to support virtual communications and proficiency in the use of Core Specialty systems.
Travel according to business plans, to assigned agent offices for the purpose of training and development of positive relationships, and the promotion of Contract Binding’s objectives, underwriting profitability, market presence and overall enhancement of Core Specialty’s industry reputation.
Stay informed and share information on current market developments, to ensure the competitive level and profitability of our product offering.
Support the Contract Binding team with effective communication and collaboration to broaden product knowledge, technical skills and overall profitability of the Division. Provide reports and participate in related projects as needed. Provide underwriting backup when required.
Carry out duties within our internal policies and procedures in accordance with applicable law, rules, regulation, good governance, and Core Specialty's shared values, while maintaining a customer service mentality.
Technical Knowledge and Understanding:
Solid understanding of commercial Garage coverages and related endorsements.
Knowledge of underwriting practices and pricing/rating methodologies
Knowledge of the surplus lines wholesale binding marketplace and current market environment
Knowledge of insurance company operations
Effective written and oral communication skills.
Self-motivated and independent.
Detail oriented with the ability to work in a team environment and be flexible to daily changing needs and job duties.
Ability to travel to meet with assigned agents.
Familiarity with company systems, procedures & processes
Experience:
Bachelor’s degree (preferably with a Risk Management & Insurance Major) or equivalent combination of training and experience
3+ years underwriting experience in commercial Garage lines of business.
Preferred wholesale distribution experience
Experience in customer service to internal and external customers
Experience working with support services, including IT, claims, actuarial and operations.
#LI-Onsite
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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program