Commercial Underwriter

Commercial Underwriter

Requirements

• Minimum 4 – 6 years underwriting experience in Commercial Property – Casualty lines.
• Demonstrated knowledge of Property coverages, exposure types, catastrophe modeling, commercial residential construction types, and commercial insurance underwriting forms and procedures.
• Demonstrated skill in interpreting and analyzing data to make informed, calculated risk decisions.
• Proficient in using underwriting tools, insurance software, and MS Office Suite.
• Understanding of insurance practices, laws, and regulations, including state-specific statutes and compliance requirements.
• Exceptional verbal and written communication skills, with a proven ability to build, maintain, and manage relationships with brokers, agents, and other stakeholders.
• Customer service-oriented mindset, demonstrating professionalism and tact in interactions with agencies and clients.
• Strong work ethic with the ability to work independently and collaboratively in a team environment.
• Thrives in fast-paced, changing environments and works comfortably under minimal supervision.
• Knowledge of competitor actions, market trends, and the ability to make strategic recommendations based on findings.

Responsibilities

• Evaluate submissions received from producers for completeness and accuracy, including ensuring the data provided is the most current available.
• Collaborate with agents and other underwriters to develop appropriate coverage and pricing for each policy, including understanding current placement and desired terms and conditions for submissions as received.
• Conduct individual risk assessments per company-established guidelines and pricing parameters, communicate regularly with the producer regarding submission status, and explain underwriting requirements and philosophy.
• Review and approve or deny policy applications and endorsements within assigned authority.
• Conduct and update renewal policies in advance of regulatory notice periods to determine desire to offer renewal or non-renew the risk based on current risk characteristics and loss experience.
• Maintain accurate records and documentation of underwriting decisions and risk assessments.
• Continually evaluate portfolio of policies accepted and work with other departments to ensure the book of business is optimized in accordance with company-established parameters and guidelines. Conduct numerical analysis and make recommendations on exposure management issues.
• Maintain market currency by continually seeking information regarding competitor actions, placements, and activities. Report and update other departments (e.g., Marketing, Claims, etc.) of opportunities or threats based on these findings.
• Develop and maintain strong relationships with agents, property managers and other industry professionals to expand our network and ensure a positive customer experience.
• Provide guidance and support to less experienced underwriters and participate in training and development programs.
• Lead underwriting project research to develop and improve underwriting policies, practices, procedures, workflows, and systems. Coordinate with other departments as needed.
• Develop business requirements and perform user acceptance testing in support of system initiatives.
• Conduct policy audits, ensuring compliance with underwriting rules, policies, practices, procedures, and all laws and regulations.
• Provide underwriting and technical training to other departments.
• May perform other related duties and special projects as assigned or requested.

Preferred Qualifications

• Bachelor’s degree in related field.
• Industry certifications or designations (e.g., CPCU, ARM).
• Experience mentoring or training less experienced underwriters.
• Expertise in interpreting wind mitigation forms, property inspection reports, appraisals and conducting policy audits.
• Experience developing underwriting policies, workflows, and system requirements.
• Current or recent past experience in the Florida Residential Commercial (Condominium and Homeowner Association) market.
• Proven track record of driving innovation in insurance products and services.