Commercial Lines Underwriter

American Capital Assurance Corp. (“AmCap”), an A.M. Best “A- Excellent“ rated commercial property insurance company, is seeking an Underwriter to join our growing company in St. Petersburg, Florida.

St. Petersburg, FL, USA

American Capital Assurance Corp.

<p><strong>Join our AmCap Insurance team, and you&rsquo;ll get more than a job.&nbsp; You&rsquo;ll find a company committed to growing, and keeping employees&nbsp;as&nbsp;the number one priority. AmCap Insurance&rsquo;s culture is like no other. Whether it be a birthday lunch, a team builder concert, or flying our entire company to New York, AmCap Insurance knows how to learn, innovate, grow and have fun!</strong></p>

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Overview: <p>The Underwriter position performs policy underwriting functions related to commercial lines of insurance (with an emphasis on property): Accepts or declines risks; Determines appropriate terms and limits; Prices and prepares policies for issuance; Performs agent liaison/account servicing functions.</p> <h3><strong>Benefits:&nbsp;</strong></h3> <ul> <li>Employer paid health, life, and AD&amp;D insurance</li> <li>401K 6% matching contribution</li> <li>Earned paid time off</li> <li>Reimbursement for health club memberships</li> <li>Time for healthy activities at work</li> <li>Casual dress code</li> <li>Off-site&nbsp; social/team builder events</li> <li>Monthly and annual bonus opportunities</li> </ul>
Responsibilities: <ul> <li>Evaluates applications for new business and prepares quotations: <ul> <li>Examine applications, supplemental questionnaires, loss experience and additional resources such as appraisals, on-line tools and other third party reports;</li> <li>Seeks additional information needed to determine eligibility under company guidelines and notifies agent to explain reason for decision (decline/quote);</li> <li>Assigns and negotiates reinsurance as necessary;</li> <li>Completes worksheets to document analysis and thought process;</li> <li>Prepares policy for issuance ensuring appropriate rates, forms and accuracy;</li> <li>Requests loss control inspection; Reviews results and determines necessary actions;</li> </ul> </li> <li>Review renewal policies; Evaluation of loss experience to detect frequency/severity; Prepare renewal offer and negotiate pricing and terms if needed due to competition; Requests necessary documents for policy issuance;</li> <li>Determines if facultative reinsurance is needed and authorizes on individual policies;</li> <li>Process endorsements; Review for rate accuracy and eligibility of coverage/items to be added/amended;</li> <li>Process cancellations requested by insured, issue non-renewal notices and direct notices of cancellation when deemed necessary; Ensures that legal notice requirements are met and documentation is fully completed;</li> <li>Provides overall account service to agents including but not limited to billing &amp; general queries;</li> <li>Attend agent conventions; Perform routine agency visits; Build and maintain assigned agency relationships</li> </ul>
Requirements: <h3><strong>Knowledge and Skills</strong></h3> <ul> <li>Attention to detail</li> <li>Strong mathematical aptitude</li> <li>Good judgment</li> <li>Strong decision making &amp; problem solving aptitude</li> <li>Effective communication skills</li> </ul> <h3><strong>Qualifications:</strong></h3> <ul> <li>Bachelor&rsquo;s degree and at least three or more years of commercial lines insurance experience</li> <li>Proficient in Excel &amp; Microsoft Word</li> </ul>