Small Business Unit Underwriter/Analyst
Job Title: Small Business Unit Underwriter/Analyst
Department: Underwriting
Reports to: Underwriting Manager
Position Summary:
The Small Business Unit Underwriter/Analyst will be responsible for assignment of organizational assets within a defined authority level. This includes the evaluation, selection, acceptance, declination, pricing and servicing of workers' compensation accounts utilizing state of the art tools including predictive analytics and robotic process automation. Continuous evaluation of the profitability of the book of business for the assigned territory of agencies and ongoing incorporation of new process efficiencies for the Small Business Unit are integral to success in this role. In addition, the Underwriter will develop and maintain productive agency relationships.
Essential Functions:
- Evaluates accounts to determine risk selection within authority level
- Determine account pricing, terms and conditions in accordance with industry regulations
- Ability to balance execution of processes while handling a high volume of transactions
- Proactively incorporate the use of predictive analytics to determine underwriting pricing
- Assist with the ongoing incorporation process automation tools
- Appropriately select risk based on the organizations underwriting risk appetite
- Document justification for underwriting direction
- Achieve company written premium, loss ratio, submission and service objectives
- Provide timely and professional communication to customers
- Appropriately utilize support services to manage assigned book of business