Senior Underwriter Job at BITCO INSURANCE COMPANIES, West Des Moines, IA

enc3V2RyRVFTaGRwblA3Nis5Y1BKb0pWM3c9PQ==
  • BITCO INSURANCE COMPANIES
  • West Des Moines, IA

Job Description

Job Description

BITCO Corporation , headquartered in Davenport, Iowa, is seeking a Senior Underwriter for our branch office located in Des Moines IA. With 11 branch offices in 10 states, BITCO provides quality insurance services to special industries including construction, forest products and oil gas. This position is eligible for a hybrid/remote work schedule with required business travel to BITCO office locations and customer offices.

Position Summary :

This position is expected to evaluate commercial insurance applications in order to produce and underwrite new and renewal business from an assigned group of agencies in a timely and accurate manner.

Primary Responsibilities:

  • Decide whether to accept, decline, or modify applications or requests to sell an insurance policy and once sold, recognize and evaluate exposure changes as they occur during a policy period
  • Evaluate, quote, and negotiate prices on applications from new and renewal customers and requests for changes in policies which requires an understanding of statutory requirements, ISO, company and NCCI coverage forms and endorsements and commercial line reference materials, including Best's Underwriting Guide
  • Manage a group of agencies, including prospecting for new agencies, agency appointment, growth and development, maximization of agency profit sharing opportunities and credit management; evaluating agency factors, including agency personnel, line diversification, loss ratio, agency book of business, volume and profit potential and which agencies to appoint or terminate
  • Solicit new business and retain renewal business through effective presentations to agency and customer audiences
  • Manage and develop business in an assigned territory, including achieving profitable underwriting results, sales development and customer service functions
  • Formulate, plan and achieve sales budgets, with objectives to support business planning, for assigned accounts and territory, including setting and achieving premium and loss ratio goals, agency and prospecting calls and business forecasting
  • Working with a structured referral process, maintain, promote and increase profitable sales from current and prospective customer accounts through, among other activities, regular agency visits, developing agency relationships and agency reviews
  • Make decisions within stated levels of authority and company guidelines, seek exceptions to guidelines as needed when supported by appropriate data
  • Identify and take appropriate action on changes in customer operations or financial conditions
  • Maintain and promote profitable business relationships with current and prospective customer accounts, through effective marketing, sales and service efforts
  • Coordinate, promote and market claims, risk control and premium audit service plans to current and prospective customers
  • Maintain knowledge of corporate, regulatory, and competitive changes in lines of business written
  • Other duties assigned

Qualifications:

The qualified candidate will have experience with the following:

  • Field Underwriting - Construction experience required
  • Underwriting New Renewal Business - determine pricing and understanding commercial lines policy forms and coverages
  • Analyzing Managing Exposures - Develop action plans to manage risks and changes during a policy period
  • Agency Management - Growth and development; prospecting; appointment; and maximization of opportunities and responsibilities
  • External Sales - Cultivate new business while demonstrating retention of current customers through presentations to agencies and customers
  • Valid Driver's License with acceptable Motor Vehicle Report

Benefits:

  • Competitive salary and benefits
  • Paid vacation and 12 paid holidays a year
  • Health, dental, and vision insurance
  • Company paid life insurance - 2x annual earnings
  • Old Republic 401(k) Savings and Profit Sharing Plan
  • Education and training opportunities
  • Insurance designations encouraged with financial assistance available
  • Daily two-hour flexible start and end time for 7.5-hour workday
  • Employee Fitness Program

Job Tags

Holiday work, Flexible hours,

Similar Jobs

ADB Companies Inc

Rock Drill Operator Job at ADB Companies Inc

 ..., ensuring accurate and efficient project execution. Utilize your experience in operating various equipment (such as directional drills, mini, plow, hydro, etc.) to contribute to project success while adhering to safety regulations. Support the setup and shut down... 

Element Resources

Recycling Smelter Operator Job at Element Resources

OverviewStarting pay rate: $23.38 per hour!!One of Muncie's long-standing companies is hiring! Element is one of the leading Battery Recycling facilities in the country and has been a mainstay in the Muncie community for over 30 years. Did you know that batteries are the... 

WELLS

BATCH PLANT OPERATOR Job at WELLS

 ...producing and pouring the perfect mix of concrete. The right candidate will have at least 1 year of experience working in the construction/factory/manufacturing environment, at least 1 year of concrete experience, and also be willing and ready to learn! Description : The... 

T-Plus Steel Fabricators Inc

Experienced Structural Steel Welder/Fabricator (min 7 years) Job at T-Plus Steel Fabricators Inc

 ...Job Description Job Description Salary: $25-27 when benefits added after 60 days Experienced Steel Welder/Fabricator: Requirements: Verifiable 5-10 years of Full-Time MIG Welding AND Fabricating experience with AWS weld certifications D.1.1 - will consider... 

Shift Interactive

Software Engineer at Shift Job at Shift Interactive

 ...Job Description Job Description As a software engineer at Shift, you will work directly with our clients to understand their vision and...  .... This position requires US citizenship due to due to contract requirements Bonus Points Experience with DevOps automation...