Underwriting Manager
Location
Colorado
Posted
4 days ago
Salary
$140K - $185K / year
Seniority
Lead
Job Description
Underwriting Manager
UFG Insurance
• Maintain accountability for assigned territory, ensuring profitable growth and achievement of profit and premium plans for prescribed business unit strategies. • Lead a team of underwriters to profitably underwrite complex new and renewal business through risk selection, pricing, contractual integrity, and account management, in accordance with delegated authority, and ensuring regulatory compliance. • Effectively coach and develop the team to execute underwriting technical discipline and established quality standards to: 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. • Serve as a subject matter expert to assist team members with complex risks. • Through effective portfolio management skills, achieve profit and premium plans for prescribed business unit strategies. • Execution of business plans for achieving established operational plan targets for written premium, loss ratio, renewal retention, pricing, and expense management. • Achieve production goals within assigned territory, leading the team to: Effectively conduct both in-person and virtual sales calls with agencies and insureds. • Prospect and develop a strong pipeline of new business opportunities. • Develop and maintain successful relationships with producers and agencies. • 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. • Exhibit and coach market-facing sales skills such as prospecting, marketing, pipelining, production meetings, developing deep relationships with producers and agencies, increasing UFG’s relevance in the marketplace. • Represent UFG in the marketplace, articulating the company’s capabilities in underwriting, risk control, and claims, across all business units at UFG.
Job Requirements
- Four year college degree preferred
- Completion of AU Designation, CIC and/or CPCU designations preferred
- Leadership/management certification or educational experience preferred
- 7+ years commercial lines underwriting experience preferred
- Advanced risk evaluation and insurance contract knowledge
- Capability to execute current underwriting strategy for assigned territory to make effective underwriting decisions
- Ability to lead a team by utilizing skillset of collaboration, persuasion, vision, emotional intelligence, and talent development
- Demonstrated success cultivating and maintaining business relationships with key customers to support departmental goals and objectives
- Strong leadership skills to include ability to mentor, coach, and train
- Ability to work in a fast-paced environment while prioritizing and completing work efficiently and effectively
- Excellent customer service skills
- Effective stakeholder management skills to include the ability to establish high degree of trust with internal and external partners
- Analytical and problem-solving skills with an affinity for detailed accuracy
- Advanced communication and negotiation skills
- Strong time management skills with the ability to meet deadlines and effective dates
- Advanced knowledge of agency force and current market environment
- Excellent sales skills, with a proven track record of growing a profitable book of business.
Benefits
- Annual incentive compensation
- Medical, dental, vision & life insurance
- Accident, critical Illness & short-term disability insurance
- Retirement plans with employer contributions
- Generous time-off program
- Programs designed to support the employee well-being and financial security.
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