About This Role
The Underwriter reviews new and renewal applications, assesses risk eligibility, and provides competitive pricing guidance. This role suits someone who can deliver excellent service to clients while contributing to a caring culture.
Responsibilities
- Follow established procedures for reviewing new and renewal applications, assessing risk eligibility, and providing competitive pricing guidance.
- Accurately rate new business, renewals, and endorsements for assigned programs.
- Communicate with internal and external customers to gather and analyze insurance information, supporting underwriting activities such as quoting, binding, issuing, and endorsing policies.
- Ensure compliance with referral criteria outside of underwriting authority.
- Prepare files for underwriter approval outside of authority by performing preliminary review and evaluation of the risk.
- Issue policies in accordance with state requirements.
- Work within pre-established timeframes and underwriting authority to meet service standards.
- Review and process transactional items for individual risks.
- Document and communicate policy approvals or rejections to the underwriting team and customers in a timely manner.
- Maintain and update personal and assigned library manuals within established guidelines.
- Perform other work-related duties and projects as assigned.
Requirements
- Bachelor’s degree preferred; high school diploma or equivalent education and/or experience required.
- 2–5 years of experience in commercial Property and Casualty insurance, with comprehensive understanding of insurance concepts, practices, and procedures.
- Experience in rating and underwriting, ideally acquired in a role such as Underwriting Specialist.
- Ability to work independently and exercise good judgment in accordance with regulatory and carrier requirements for moderately complex items.
- Proficiency in Microsoft Office products.
- Strong mathematical skills and solid aptitude for numerical accuracy.
- Excellent verbal and written communication skills.
- Strong organizational and time management skills to meet deadlines.
Benefits
- Industry-leading health insurance options to support overall health and wellbeing.
- Opportunities for professional growth and career path development.
Important Details
- Schedule: Full-time
- Workplace: In Office
Application Process
- Submit your application through the designated platform.
About the Company
Lockton is the largest privately held independent insurance brokerage in the world, with over 13,100 Associates doing business in over 155 countries. Since 1966, Lockton has empowered its people to serve clients and give back to communities.
