Commercial Lines Assistant Underwriter Job Oklahoma City,Oklahoma USA,Insurance

Overview

Primary

Purpose:

Reviews insurance applications to evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing by performing the duties listed below.

Job Type: Full-time

Salary: From $40,000.00 per year

Benefits:

401(k)
401(k) matching
Dental insurance
Employee assistance program
Employee discount
Flexible spending account
Health insurance
Life insurance
Paid time off
Professional development assistance
Vision insurance

Responsibilities

Examines documents such as application forms, inspection reports, insurance maps, and past claims to determine degree of risk from such factors as applicant financial standing, loss experience, and value and condition of property and vehicles per company guidelines and authority level; escalates work items that do not meet authority level to a Senior Underwriter.

Determines whether to accept, modify, or decline risks.

Interprets premium classes and applies rating structure to achieve proper premiums for loss exposures.

Processes all rewrites, reinstatements and other work items per company guidelines and authority level.

Continually review all policies, applications, and change requests to determine that proper premiums and classifications are maintained.

Review company records to determine amount of insurance in force on single risk or group of closely related risks and evaluates possibility of losses due to catastrophe or excessive insurance.

Communicate with agents, insureds, company personnel, and other insurance or inspection companies to obtain further information, quote rates, or explain company underwriting policies (primarily via email, but may also use correspondence, telephone, or an in-person visit).

Counsel with agents regarding desirable and undesirable risks.

Monitor loss ratios and strive for improvement by communicating and coordinating with managers and supervisors, agents, adjusters, etc., concerning the selection of business and the improvement of agents and/or underwriting quality.

Report any unusual problems or conflicts encountered in the course of performing underwriting duties to the Commercial Lines Underwriting Manager; submit any information or reports that may be requested by upper management.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience

Bachelor's degree (B.A.) from four-year college or university; and/or completion of the Insurance Institute of America Certificate in General Insurance; or equivalent combination of education and experience. Previous underwriting experience preferred.

Worker is expected to participate in continuing education program(s) if needed.
Active Oklahoma P&C License is required

For a complete job description, please visit the career page at

Physical setting

Office

Schedule

8 hour shift
Day shift
Monday to Friday

Education

Bachelor's (Preferred)

Experience

Insurance: 2 year (Preferred)
Underwriting: 1 year (Preferred)

Work Location

In person

Equal Opportunity

WE ARE AN EQUAL OPPORTUNITY EMPLOYER

Oklahoma Farm Bureau & Affiliated Companies does not discriminate on the basis of race, color, religion, national origin, sex, age or disability. It is our intention that all qualified applicants are given equal opportunity and that selection decisions be based on job-related factors.

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