Underwriting Specialist

DRAFT POSITION TITLE: Underwriting Specialist DEPARTMENT: Inland Marine REPORTS TO: Senior VP Inland Marine EEO CATEGORY: Exempt, Professional DIRECT REPORTS: None FLSA STATUS: Exempt LOCATION: Alpharetta (GA), Chicago (IL), Hartford (CT), Scottsdale (AZ) Position Summary/Objectives An Underwriting Specialist – Inland Marine must have a sound foundation in underwriting principles to grow and maintain a profitable diversified portfolio of inland marine business per IFG Companies' underwriting strategies, guidelines and standards. The position requires review, investigation and analysis of new and renewal submissions and mid-term endorsement requests to determine acceptability for quoting/binding within granted Letters of Authority and established guidelines. Position Responsibilities Including Applies sound underwriting principles, policies, procedures and controls. Selects, classifies, prices and determines coverage terms of individual inland marine risks following company strategies, guidelines and standards. Reviews renewal portfolio to determine continued eligibility and acceptability. Monitors key performance metrics against plan to achieve individual and team goals. Achieves/exceeds quality, production and marketing goals and standards while maintaining underwriting integrity and overall profitability of the product line. Develops and maintains excellent producer (i.e., brokers) relationships through marketing, product education and in-person visits. Reviews renewal premiums for annual adjustments required by changes in operations, exposures and/or market conditions. Works collaboratively with team members and across departments including Actuarial, Claims and Product Management. Mentors less experienced underwriters and support staff. Remains current on inland marine issues, competitors and the overall marketplace. Attends industry conferences as appropriate. Other duties as required. Knowledge/Skills/Abilities Including Thorough understanding of inland marine coverages, including, but limited to: Builder's risk/renovation/installation floaters Contractor's equipment, including heavy equipment Riggers liability Motor truck cargo Commercial output policies Scheduled floaters Warehouse legal liability Knowledge of the producer distribution system. Ability to interpret and analyze data and make informed and calculated underwriting decisions. Investigative skills including to research individual risks, products and industries including through the use of internal and external sources (e.g., websites, databases). Technical expertise must include financial analysis, loss rating, assessment of individual risk/exposure analysis and rate for risk. Excellent computer skills (e.g., Excel, Word, SharePoint and proprietary IFG Companies' underwriting systems) with demonstrable high accuracy output. Advanced problem solving, reasoning and decision-making skills. Excellent interpersonal, written and oral communication and presentation skills. Responsive to the needs of colleagues and producers. Ability to prioritize and manage multiple tasks while meeting deadlines. High degree of attention to detail. Proven team player who is inquisitive, creative and takes initiative. Ability to provide leadership and direction to other team members. Education/Experience/Certifications Minimum of five years of commercial inland marine underwriting experience, combined with sound knowledge of commercial inland marine underwriting coverages. College degree preferred, with coursework in Risk Management/Insurance a plus. Established relationships with inland marine producers required. Associate in Marine Insurance Management (AMIM) or other insurance related designations a plus. PHYSICAL DEMANDS Physical demands are considered to be that of a climate-controlled office environment, with minimal physical exertion. Position is hybrid and requires the ability and the willingness to commute at least three (3) days per week to IFG Companies' offices. Position requires prolonged sitting, extensive utilization of computers and interactions with others in person and via phone. Position requires the ability and the willingness to travel as required to meet business demands. Benefits IFG Companies offers competitive compensation and benefits, including medical, dental, vision, 401(k), flexible spending, short-term and long-term disability insurance, life insurance, long-term care, paid parental leave, vacation and other paid time off. IFG Companies is an equal opportunity employer committed to a diverse workforce.