UFG is looking for a Production Underwriter to join our team! The Production Underwriter is a multi-line, multi-industry underwriter responsible for attracting and underwriting middle market business, deploying effective account management while fostering strong working relationships with agency partners. This role executes underwriting strategy to achieve profit and premium plans. The Production Underwriter will handle a renewal book in their territory as assigned.
Responsibilities:
Profitably underwrite new and renewal business through risk selection, pricing, contractual integrity, and account management, in accordance with delegated authority, and ensuring regulatory compliance. Demonstrate critical thinking in assessing the risk and identifying exposures and controls. Price risk commensurate with exposures and controls. Set appropriate terms and conditions to deliver a profitable portfolio Document assigned files with underwriting thought process. Through effective portfolio management skills, achieve profit and premium plans for prescribed business unit strategies. Achieve production goals within assigned territory Responsible for marketing, which includes both in-person and virtual sales calls with agencies and insureds. Prospecting and developing a strong pipeline of new business opportunities. Develop and maintain successful relationships with producers and agencies. Represent UFG in the marketplace, articulating the company’s capabilities in underwriting, risk control, and claims, across all business units at UFG. Collaborate with Business Unit and Line of Business Underwriting, Sales and Distribution, Underwriting Center, Underwriting Support, Risk Control, Legal, Claims, and other internal partners to ensure optimal stakeholder management. Complete agency reviews, capturing appropriate intel around market opportunities. Provide feedback to management on the current state of the marketplace, agencies, and competition.Qualifications:
Education:
Four-year college degree preferred. Completion of or working toward AU, CIC, and/or CPCU designation(s) preferred.Experience:
1-5 years commercial lines underwriting experience preferred.Knowledge, skills & abilities:
Strong risk evaluation skills and insurance contract knowledge. Capability to execute current underwriting strategy for assigned territory to make effective underwriting decisions. Ability to work in a fast-paced environment while prioritizing and completing work efficiently and effectively. Excellent sales and customer service skills. Effective stakeholder management skillset to include ability to establish high degree of trust with internal and external partners. Analytical and problem-solving skills with an affinity for detailed accuracy. Effective communication and negotiation skills. Strong time management skills with the ability to meet deadlines and effective dates. Knowledge of agency force and current market environment.Working Conditions:
General office conditions; remote, in-office, and hybrid options determined by manager. Travel required as per assigned book of business and territory. Driver’s license and acceptable MVR required.Disclaimer
The above statements are intended to describe the general nature and level of work being performed by individuals assigned to this job. It is not designed to contain or be interpreted as a comprehensive list of all duties, responsibilities, and skills required. Additional tasks and requirements may be assigned, as necessitated by business need. UFG retains the right to modify the description of this job at any time.
Compensation and Benefits:
UFG pays on a geographic salary structure commensurate with skills, credentials and experience of the candidate. The salary range listed of $80,000 - $125,000 is the standard pay structure. Roles in various locations (such as California) may provide an increase on the standard pay structure based on location.
This position is also eligible for an Annual Bonus based on Company/Individual Performance and is at company discretion. Full-time employees are eligible to receive benefits including medical, dental, and vision coverage; 401k, Cash-balance pension, Discretionary Time Off (DTO), paid holidays and more