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Commercial Production Underwriter Trainee

Richmond

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Commercial Production Underwriter Trainee

Begin a rewarding career with a well-recognized property and casualty insurance company with an A (Excellent) AM Best rating achieved by our continued financial stability and our commitment to providing superior products and service.

Position Description:

Rockingham Insurance is currently recruiting for a Commercial Production Underwriter Trainee.  This position will report to VP – Commercial Lines as a trainee to learn risk evaluation through review of new applications to evaluate, classify, and rate individuals and risks for insurability.

Fundamental Job Duties:

  • Accountable for the management of agents with emphasis on new business; must consistently hit new business quota on a month-to-month basis.
  • Examines information from producers to fully develop and analyze exposures within scope of company guidelines.
  • Applies appropriate pricing, deductibles, and coverages for eligible risks to ensure adequate premium and profitable results.
  • Within defined authority, renders decisions to approve, modify, or decline new risks; recommends alternative sources of coverage as appropriate.
  • Evaluates large-loss potential to manage total exposure; authorizes and places reinsurance within program authority.
  • Prepares quotes, explains underwriting policies/procedures, and provides training on products and processes.
  • Develops and analyzes new agent appointments and facilitates on-boarding and training of agencies.
  • Develops a strong, supportive working relationship with agents, agency staff, internal personnel, and outside resources.
  • Collaborate with Analytics to analyze agent performance and effectiveness of proactive agent engagement.
  • Complete and manage business plans that promote profit and growth.
  • Consistent interactions with agencies, making outbound calls and office visits. Support agencies training on systems, appetite, and marketing programs.  Assist in any issues relating to the agencies that may surface.

Requirements:

  • Exhibits an exemplary understanding of property and casualty principles including the company distribution system, needs of customers, and the insurance business climate, to effectively influence underwriting decisions.
  • Promptly identifies critical issues, evaluates facts from a variety of sources, and makes decisive and sound decisions.
  • Demonstrates personal computer literacy and effectively utilizes all relevant company automation to optimum productivity in evaluating underwriting risks. Proficiencies will include Microsoft Office products and other software as appropriate.
  • Possesses, or is actively pursuing, professional insurance training and other related education.
  • Exhibit high level of professionalism and leadership in a team environment.

Qualifications:

  • Four-year undergraduate degree preferred, and/or equivalent work experience required.
  • Two to four years’ insurance experience or management experience required.
  • Effective communicator through written, oral, and electronic formats.
  • Proficiency in MS Office Excel and Word to sort data, consolidate information, and create agent analysis.
  • Exceptional time management skills.
  • Valid driver’s license.

To apply for this job, email your resume to recruiting@rockinghamgroup.com.

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