AF Group
Senior Workers' Compensation Underwriting Specialist Minneapolis
AF Group, Minneapolis, Minnesota, United States, 55400
Develops and manages independent agency relationships including the development of new business and retention of existing business in a region or territory. Reviews, analyzes, approves or rejects complex business within letter of authority. Serves as liaison with company personnel regarding business opportunities and problem resolution. Responsible for assisting in establishing the territory’s or region’s overall agency plan.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Calculates, prepares and develops premium quotations using corporate underwriting guidelines within letter of authority.
Determines underwriting eligibility for prospective policyholders and develops appropriate pricing for new business, renewals, and endorsements.
Analyzes and reviews prospective accounts for insurability and accepts or rejects within letter of authority.
Develops and manages agency relationships.
Develops agency plans in cooperation with other staff.
Addresses agents’ and policyholders’ concerns/needs.
Responsible for development of new business, profitability and retention of existing business in a given territory or region.
Explains and emphasizes benefits of workers’ compensation insurance products and services to customers.
Works with all internal departments to resolve problems and maintain company relations.
Participates as necessary on special committees and task forces.
Interprets and develops territory reports which reflect the status of the territory.
Participates in promotional plans for both company and agent activities.
Analyzes and reviews production and loss information for agents, determines exposure and proper pricing to develop corrective action plans as needed to correct poor performance.
Prepares periodic reports as requested.
Manages small territory or region under close supervision.
Researches and coordinates responses to agents, policyholders, and regulatory entities.
Appoints and trains new agents and new agency employees on the use of company specific automation systems.
Reviews loss trends and develops action plans to correct problem areas.
Gathers competitive and product information from the field.
Represents company at trade associations and exhibits to promote corporate product.
Conducts annual agency audits.
Coordinates special projects on behalf of Regional Manager, as assigned.
Provides training sessions for team, other Business Development Consultants, other business units, agents, and policyholders as required.
Mentors other team members by providing guidance, advice, encouragement, and motivation in their daily efforts.
Acts as back-up for Regional Manager.
Serves as technical expert or regional advisor for region or territory.
EDUCATION AND EXPERIENCE:
Bachelor’s degree in marketing, insurance or related field. MBA or other advanced degree is preferred.
Certification, or progress toward, highly preferred and encouraged.
A minimum of seven to ten years’ experience in an insurance organization with demonstrated technical knowledge in one or more of the following areas: underwriting, marketing, loss prevention, auditing or similar knowledge that provide the necessary skills and abilities.
Continuous learning required, as defined by the Company’s learning philosophy.
Workers’ compensation or P&C insurance experience required. Management experience preferred.
QUALIFICATIONS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
OTHER SKILLS AND ABILITIES:
Demonstrated superior judgment in evaluating and determining the proper pricing for prospective policyholders using corporate underwriting guidelines.
Demonstrated superior judgment and analytical abilities to analyze regions and/or territories and identify corrective action.
Thorough knowledge of departmental procedures, processes, and workflow.
Extensive knowledge of appropriate jurisdictional workers’ compensation laws, regulatory authorities, industry trends and their impact.
Ability to take a lead role and/or assist in training and mentoring of others.
Ability to understand business needs and implement processes and procedures that support business strategies.
Ability to research workers' compensation laws, regulations, or issues specific, to offer guidance and/or direction to others.
Demonstrated ability to communicate our value proposition as a carrier.
Demonstrated leadership abilities.
Expert knowledge of workers' compensation insurance and underwriting techniques.
Knowledge of claims and loss control concepts, including the impact of treatment of Allocated Loss Adjustment Expense and market differentiators.
Knowledge of insurance operations including state jurisdictional requirements.
In-depth knowledge of various rating plans and pricing mechanisms (retro’s, retention plans, large deductibles).
WORKING CONDITIONS:
Work is performed both in the office and in the field with minimal hazards. Travel is required with occasional overnight stays. May be required to lift and carry computer equipment and other marketing promotional items weighing up to 35 lbs. Relocation may be necessary. Must possess a valid driver’s license with a record that meets corporate standards.
Pay Range - Actual compensation decision relies on the consideration of internal equity, candidate’s skills and professional experience, geographic location, market, and other potential factors. It is not standard practice for an offer to be at or near the top of the range, and therefore a reasonable estimate for this role is between $102,400 and $171,500.
The qualifications listed above are intended to represent the minimum education, experience, skills, knowledge, and ability levels associated with performing the duties and responsibilities contained in this job description.
We are an Equal Opportunity Employer. Diversity is valued and we will not tolerate discrimination or harassment in any form. Candidates for the position stated above are hired on an 'at will' basis. Nothing herein is intended to create a contract.
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ESSENTIAL DUTIES AND RESPONSIBILITIES:
Calculates, prepares and develops premium quotations using corporate underwriting guidelines within letter of authority.
Determines underwriting eligibility for prospective policyholders and develops appropriate pricing for new business, renewals, and endorsements.
Analyzes and reviews prospective accounts for insurability and accepts or rejects within letter of authority.
Develops and manages agency relationships.
Develops agency plans in cooperation with other staff.
Addresses agents’ and policyholders’ concerns/needs.
Responsible for development of new business, profitability and retention of existing business in a given territory or region.
Explains and emphasizes benefits of workers’ compensation insurance products and services to customers.
Works with all internal departments to resolve problems and maintain company relations.
Participates as necessary on special committees and task forces.
Interprets and develops territory reports which reflect the status of the territory.
Participates in promotional plans for both company and agent activities.
Analyzes and reviews production and loss information for agents, determines exposure and proper pricing to develop corrective action plans as needed to correct poor performance.
Prepares periodic reports as requested.
Manages small territory or region under close supervision.
Researches and coordinates responses to agents, policyholders, and regulatory entities.
Appoints and trains new agents and new agency employees on the use of company specific automation systems.
Reviews loss trends and develops action plans to correct problem areas.
Gathers competitive and product information from the field.
Represents company at trade associations and exhibits to promote corporate product.
Conducts annual agency audits.
Coordinates special projects on behalf of Regional Manager, as assigned.
Provides training sessions for team, other Business Development Consultants, other business units, agents, and policyholders as required.
Mentors other team members by providing guidance, advice, encouragement, and motivation in their daily efforts.
Acts as back-up for Regional Manager.
Serves as technical expert or regional advisor for region or territory.
EDUCATION AND EXPERIENCE:
Bachelor’s degree in marketing, insurance or related field. MBA or other advanced degree is preferred.
Certification, or progress toward, highly preferred and encouraged.
A minimum of seven to ten years’ experience in an insurance organization with demonstrated technical knowledge in one or more of the following areas: underwriting, marketing, loss prevention, auditing or similar knowledge that provide the necessary skills and abilities.
Continuous learning required, as defined by the Company’s learning philosophy.
Workers’ compensation or P&C insurance experience required. Management experience preferred.
QUALIFICATIONS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
OTHER SKILLS AND ABILITIES:
Demonstrated superior judgment in evaluating and determining the proper pricing for prospective policyholders using corporate underwriting guidelines.
Demonstrated superior judgment and analytical abilities to analyze regions and/or territories and identify corrective action.
Thorough knowledge of departmental procedures, processes, and workflow.
Extensive knowledge of appropriate jurisdictional workers’ compensation laws, regulatory authorities, industry trends and their impact.
Ability to take a lead role and/or assist in training and mentoring of others.
Ability to understand business needs and implement processes and procedures that support business strategies.
Ability to research workers' compensation laws, regulations, or issues specific, to offer guidance and/or direction to others.
Demonstrated ability to communicate our value proposition as a carrier.
Demonstrated leadership abilities.
Expert knowledge of workers' compensation insurance and underwriting techniques.
Knowledge of claims and loss control concepts, including the impact of treatment of Allocated Loss Adjustment Expense and market differentiators.
Knowledge of insurance operations including state jurisdictional requirements.
In-depth knowledge of various rating plans and pricing mechanisms (retro’s, retention plans, large deductibles).
WORKING CONDITIONS:
Work is performed both in the office and in the field with minimal hazards. Travel is required with occasional overnight stays. May be required to lift and carry computer equipment and other marketing promotional items weighing up to 35 lbs. Relocation may be necessary. Must possess a valid driver’s license with a record that meets corporate standards.
Pay Range - Actual compensation decision relies on the consideration of internal equity, candidate’s skills and professional experience, geographic location, market, and other potential factors. It is not standard practice for an offer to be at or near the top of the range, and therefore a reasonable estimate for this role is between $102,400 and $171,500.
The qualifications listed above are intended to represent the minimum education, experience, skills, knowledge, and ability levels associated with performing the duties and responsibilities contained in this job description.
We are an Equal Opportunity Employer. Diversity is valued and we will not tolerate discrimination or harassment in any form. Candidates for the position stated above are hired on an 'at will' basis. Nothing herein is intended to create a contract.
#J-18808-Ljbffr