Middle Market Underwriter

The above represents the full salary range for this job requisition. Ultimately, in determining your pay and job title, we'll consider your location, education, experience, and other job-related factors, and will fall within the stated range. Your recruiter can share more information about the specific salary range during the hiring process.

Ideal candidates will reside in Kentucky, Indiana or Ohio and have underwriting experience with Package Lines and Workers' Compensation. We will also consider candidates who live in any of our listed payroll approved states that have the necessary underwriting experience. This role will underwrite accounts averaging between $35k - $75k.

We may hire a senior level depending on candidate qualifications. (Compensation shown is inclusive of the non-senior and senior level)

This role will report to a Regional Vice President, Commercial Lines.

Are you a Referral?

If you know a current Encova Insurance associate and would like to apply as a referral, please encourage them to submit your referral information before you submit your application. You will receive an email with a direct URL link to the Job Posting of interest. Applying through this URL link will create your referral relationship for our Talent Acquisition Team.

Unique residence requirements are listed in each job posting, please review closely for details.

Encova is only able to employ associates who reside and work within specific U.S. states. Our current policies are based on the laws in states in which we are registered for payroll. Our current footprint includes:

Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, Wisconsin.

JOB OBJECTIVE:
The middle market underwriter reviews risks, determines acceptability, and successfully writes profitable business accounts. Within designated authority, reviews insurance applications to evaluate, classify and rate each risk to determine acceptability, coverage and pricing.  Responsible for the financial performance of the assigned book of business and is expected to achieve profitable retention and new business growth.  Focused on taking action to achieve results that positively impact sales and profitability while ensuring excellent customer service and timely responsiveness to independent agents for their commercial lines accounts.

ESSENTIAL FUNCTIONS:  
1.    Determine the acceptability, quality, pricing, profitability and opportunity for new and existing business. 
2.    Complete thorough risk analysis on designated accounts using appropriate Encova, NCCI, ISO and industry rules, policies, procedures, and guidelines, etc.
3.    Identify, create and initiate new business opportunities within current book of business and assigned agencies.
4.    Gather and analyze information necessary to make an accurate evaluation of risk. 
5.    Accept or reject commercial lines accounts that fall outside of straight through processing rules through exposure identification and risk analysis, including:
•    understanding all exposures that might cause a policy to incur losses;
•    conservatively assessing the likelihood of any exposure actually causing a loss and the probable cost if it does;
•    setting a premium that, on average, would deliver a profit after both prospective loss costs and operating expenses are covered;
•    be willing to walk away if the appropriate premium cannot be obtained.
6.    Apply discretionary pricing appropriately based on risk exposures, risk quality, loss potential, pricing model indications and your letter of authority.
7.    Determine acceptability of revision requests that fall outside straight through processing rules and communicate how the revision will be handled to the Associate Underwriter.
8.    Communicate all underwriting decisions or changes on coverage, limits, exposures and/or pricing, discussing alternatives with assigned agents as needed.
9.    Promote effective agency relationships and encourage continued use of our company products and technology.
10.    Provide support to appointed agents by serving as a resource for underwriting questions.
11.    Utilizes Encova systems to transact requests and endorsements.  
12.    Utilize available resources including company underwriting guidelines, business unit strategies, and consultations with others to ensure adequate understanding of risk exposures.
13.    Prepare proposals to producers, including negotiation of terms and conditions.
14.    Ensure the proper issuance of policies, certificates, filings and notifications.
15.    Seek the guidance of management on risks exceeding assigned authority levels.
16.    Effectively utilize industry rules and guidance to ensure proper policy construction.
17.    Identify underwriting issues; recommend and develop plans for problem resolution and implement them where appropriate. 
18.    Manage existing and prospective accounts by actively participating in