Pekin Insurance
Renewal Underwriter I
Pekin Insurance, Pekin, Illinois, us, 61558
You spend at least a third of your day at your job. You might as well spend it doing something you really love while working with a team you really enjoy being with, right? That's the kind of atmosphere we offer at Pekin Insurance-fun, fast-paced, gratifying, supportive, and collaborative.
Of course, it's not all fun and games. Insurance is a serious business, and we pride ourselves on making people's lives whole again after a major disaster or even a fender bender.It's that sense of helping people that makes our team want to do our best every day.
If you want to be excited about starting your workday and are ready to make a real difference in people's lives, this could be the right spot for you.
See what Pekin Insurance has to offer by viewing a short video here.
Position Overview
The Renewal Underwriter I is responsible for working in a Commercial Lines team environment to meet established company profit and growth goals within a designated geographic territory.This position underwrites renewals and endorsements and completes other underwriting related transactions.
Essential Job Functions
Accepts, rejects, and prices risks to achieve profitability goals within a territory and to minimize financial peril to the companyManages an individual territory within stated underwriting and acceptability guidelines to achieve or exceed retention goalsProvides consultation to agents and sales personnel on coverage forms, rate endorsements, and enhancements to promote company products and resolve applicant and insured's insurance needsReviews and evaluates insured and third party contract language to determine compliance within the company guidelines along with offering appropriate endorsements or coveragesAccepts, declines, modifies, and negotiates requests for coverage when evaluating renewal business or change requestsUtilizes underwriting knowledge to educate and train agents and new team members on our underwriting appetite, commercial lines products, coverages, and computer systemsUses independent judgement to propose deviation to management from established underwriting guidelines as required to meet growth and profit objectivesParticipates on departmental and enterprise committees to consult on various topics related to Commercial Lines underwriting and operations, as directedAcquires, evaluates, and analyzes internal and external information in order to make selection and pricing decisions that are consistent with underwriting philosophy and in accordance with departmental and company initiativesUnderwrites renewal business, loss control reports, reinstatements, cancellations, endorsements, and other miscellaneous transactionsUnderwrites small, mono-line quotes and new business submissionsCommunicates underwriting decisions via written verbal correspondenceOrganizes and leads interdepartmental meetings on larger, more complex renewalsWorks in a cross functional team with Personal Lines Underwriting, Life Underwriting, Sales, and other departments to achieve company profit and growth goalsAssists with the mentoring of Commercial Lines Underwriting staffPerforms other duties as assignedEducation & Experience
Required
Bachelor's degree in business-related field or equivalent experienceTypically requires 3+ years of industry experiencePreferred or Specialized
Prior experience with commercial insurance rating, customer service, or underwritingCertifications & LIcenses
Willingness to actively pursue continuing education and work toward professional insurance designationsKnowledge, Skills & Abilities
Basic ability to:
Communicate effectively in both oral and written formAnalyze, organize and prioritize work while meeting multiple deadlinesAdapt to changes in responsibilities, work processes, timeframes, performance expectations, organizational culture, or work environmentWork comfortably in a fast-paced work environmentDefine problems, collect data, establish facts, and draw valid conclusionsBasic skill in:
Customer service
What We Offer
We get it You're looking for a career with a company that invests in you. Our desire to enhance the employee experience through our benefits, work perks, and team-oriented environment made us one of
2019's and 2020's "Best Places to Work in Illinois."
Of course, it's not all fun and games. Insurance is a serious business, and we pride ourselves on making people's lives whole again after a major disaster or even a fender bender.It's that sense of helping people that makes our team want to do our best every day.
If you want to be excited about starting your workday and are ready to make a real difference in people's lives, this could be the right spot for you.
See what Pekin Insurance has to offer by viewing a short video here.
Position Overview
The Renewal Underwriter I is responsible for working in a Commercial Lines team environment to meet established company profit and growth goals within a designated geographic territory.This position underwrites renewals and endorsements and completes other underwriting related transactions.
Essential Job Functions
Accepts, rejects, and prices risks to achieve profitability goals within a territory and to minimize financial peril to the companyManages an individual territory within stated underwriting and acceptability guidelines to achieve or exceed retention goalsProvides consultation to agents and sales personnel on coverage forms, rate endorsements, and enhancements to promote company products and resolve applicant and insured's insurance needsReviews and evaluates insured and third party contract language to determine compliance within the company guidelines along with offering appropriate endorsements or coveragesAccepts, declines, modifies, and negotiates requests for coverage when evaluating renewal business or change requestsUtilizes underwriting knowledge to educate and train agents and new team members on our underwriting appetite, commercial lines products, coverages, and computer systemsUses independent judgement to propose deviation to management from established underwriting guidelines as required to meet growth and profit objectivesParticipates on departmental and enterprise committees to consult on various topics related to Commercial Lines underwriting and operations, as directedAcquires, evaluates, and analyzes internal and external information in order to make selection and pricing decisions that are consistent with underwriting philosophy and in accordance with departmental and company initiativesUnderwrites renewal business, loss control reports, reinstatements, cancellations, endorsements, and other miscellaneous transactionsUnderwrites small, mono-line quotes and new business submissionsCommunicates underwriting decisions via written verbal correspondenceOrganizes and leads interdepartmental meetings on larger, more complex renewalsWorks in a cross functional team with Personal Lines Underwriting, Life Underwriting, Sales, and other departments to achieve company profit and growth goalsAssists with the mentoring of Commercial Lines Underwriting staffPerforms other duties as assignedEducation & Experience
Required
Bachelor's degree in business-related field or equivalent experienceTypically requires 3+ years of industry experiencePreferred or Specialized
Prior experience with commercial insurance rating, customer service, or underwritingCertifications & LIcenses
Willingness to actively pursue continuing education and work toward professional insurance designationsKnowledge, Skills & Abilities
Basic ability to:
Communicate effectively in both oral and written formAnalyze, organize and prioritize work while meeting multiple deadlinesAdapt to changes in responsibilities, work processes, timeframes, performance expectations, organizational culture, or work environmentWork comfortably in a fast-paced work environmentDefine problems, collect data, establish facts, and draw valid conclusionsBasic skill in:
Customer service
What We Offer
We get it You're looking for a career with a company that invests in you. Our desire to enhance the employee experience through our benefits, work perks, and team-oriented environment made us one of
2019's and 2020's "Best Places to Work in Illinois."