Underwriter I - Renewal

Locations

Pekin, IL
- Hybrid | Pekin, IL
- Hybrid
2505 Court St
Pekin, IL 61554, USA

• Hybrid
• Full-Time
• Requisition #: UNDER
  003061

Looking for more than just a job? You’ve found it.

At Pekin Insurance, you’re not a number—you’re part of something bigger. For over 100 years, we’ve built a community where people are valued, supported, and empowered to grow. Here, you’ll find a workplace where collaboration is real, ideas are welcome, and the work you do truly matters. We’re proud to help people through life’s toughest moments—and it’s our people who make that possible.

The Renewal Underwriter I is responsible for working in a Commercial Lines team environment to meet established company profit and growth goals within a designated geographic territory. This position underwrites renewals and endorsements and completes other underwriting related transactions.

• Accepts, rejects, and prices risks to achieve profitability goals within a territory and to minimize financial peril to the company
• Manages an individual territory within stated underwriting and acceptability guidelines to achieve or exceed retention goals
• Provides consultation to agents and sales personnel on coverage forms, rate endorsements, and enhancements to promote company products and resolve applicant and insured’s insurance needs
• Reviews and evaluates insured and third party contract language to determine compliance within the company guidelines along with offering appropriate endorsements or coverages
• Accepts, declines, modifies, and negotiates requests for coverage when evaluating renewal business or change requests
• Utilizes underwriting knowledge to educate and train agents and new team members on our underwriting appetite, commercial lines products, coverages, and computer systems
• Uses independent judgement to propose deviation to management from established underwriting guidelines as required to meet growth and profit objectives
• Participates on departmental and enterprise committees to consult on various topics related to Commercial Lines underwriting and operations, as directed
• Acquires, evaluates, and analyzes internal and external information in order to make selection and pricing decisions that are consistent with underwriting philosophy and in accordance with departmental and company initiatives
• Underwrites renewal business, loss control reports, reinstatements, cancellations, endorsements, and other miscellaneous transactions
• Underwrites small, mono-line quotes and new business submissions
• Organizes and leads interdepartmental meetings on larger, more complex renewals
• Works in a cross functional team with Personal Lines Underwriting, Life Underwriting, Sales, and other departments to achieve company profit and growth goals
• Assists with the mentoring of Commercial Lines Underwriting staff
• Performs other duties as assigned

Required

• Bachelor’s degree in business-related field or equivalent experience
• Typically requires 3+ years of industry experience

Preferred or Specialized

• Prior experience with commercial insurance rating, customer service, or underwriting

• Willingness to actively pursue continuing education and work toward professional insurance designations

Basic ability to:

• Communicate effectively in both oral and written form
• Analyze, organize and prioritize work while meeting multiple deadlines
• Adapt to changes in responsibilities, work processes, time frames, performance expectations, organizational culture, or work environment
• Work comfortably in a fast-paced work environment
• Define problems, collect data, establish facts, and draw valid conclusions

Basic skill in:

Applicants must be authorized to work in the U.S. without sponsorship now or in the future.

• $49,000-$63,500 per year
• This range is based on the expected level of experience and skills for this position. Final compensation will depend on individual
• This position is bonus eligible
• Health, Dental and Vision Insurance
• Generous 401(k) with company match
• Paid Time Off (PTO) with Paid Holidays
• Flexible/Hybrid Work Schedule

For more information about the benefits we offer, please visit our Careers Page.

Equal Opportunity Employer. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.