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Senior Commercial Underwriter

32198

We are Farmers!

We are… more than just your favorite commercials.  At Farmers, we strive to deliver peace of mind to our customers by providing protection and comprehensive advice and delivering in the moments of truth. That means having people who can help us meet changing customer and business needs. Farmers high-performance culture is focused on results and the people who achieve them. We hold ourselves and others accountable for sustainably growing the business and each other. We seek solutions, own our actions, and grow through discomfort. We see setbacks as opportunities while continuously asking ourselves how we impact our customers. 

 

Farmers is an award winning, equal opportunity employer, committed to the strength of an inclusive workforce. We are dedicated to supporting the well-being of our people through our extensive suite of benefits, as well as the well-being of the communities we serve through employee volunteer programs and nonprofit partnerships. Helping others in their time of need isn’t just our business – it’s our culture!  To learn more about our high-performance culture and open opportunities, check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok. 

 

Workplace: Hybrid ( #LI-Hybrid ), Remote ( #LI-Remote )

Farmers believes in a culture of collaboration, creativity, and innovation, which thrives when we have the ability to work flexibly in a virtual setting as well as the opportunity to be together in person. Our hybrid work environment combines the best of both worlds with at least three (3) days in office and up to two (2) days virtual for employees who live within fifty (50) miles of a Farmers corporate office. Applicants beyond fifty (50) miles may still be considered.

Job Summary

Senior level underwriter with advanced underwriting skills authorized to handle a wide variety of risks, premium size, and complexity typically within a dedicated state, territory, agency or exposure. Takes ownership of managing profitable growth of commercial Property/Casualty and Workers Compensation business through proper selection, classification and pricing of risks within assigned territory/industry.

Essential Job Functions

  • Accepts, modifies or rejects larger premium, complex risks up to $100,000.
  • Reviews business relating to loss experience, inspection reports, file information, policyholder tenure, related policies, and nature of risk in accordance with company guidelines, standards and compliance with state laws.
  • Provides documentation for any exceptions and critical account information relating to the final underwriting decision.
  • Verifies coverage eligibility.
  • Interprets policy contract language and uses approved classification systems, rating plans and selection standards to determine eligibility, desirability and proper pricing.
  • Evaluates unprofitable books of business, agents or districts and analyzes competitive information to provide recommendations to product development.
  • Advises leadership of weakness in coverage and products that are impacting growth potential.
  • Assists in developing plans to improve profitability.
  • Evaluates and handles reinstatement policies to determine eligibility.
  • Provides technical assistance to customers regarding coverage interpretations, policy and endorsement provisions, and underwriting acceptability for coverage.
  • Evaluates new business and re-evaluates existing policies to enhance the quality and maintain proper rate class administration to fund losses and contribute to profitability.
  • Reviews transactions and processes referrals not within the authority of other team members.
  • Provides support in a mentoring role to others, providing underwriting philosophy, guidance and training on transactions that exceed team member authority levels.
  • Utilizes advanced level competency to educate VIP agencies on products, services, automation, and underwriting standards as well as sales and cross selling techniques to promote accomplishment of our corporate goals.
  • Builds and maintains collaborative relationships with agencies to further understand the external marketplace and underwrites within established performance standards and priorities that are responsive to marketing, underwriting, retention and service goals.
  • Conducts regular field visits to create new business opportunities.
  • Participates in territory rate review meetings and state strategy calls, providing insight and recommendations to address rate need and rate fatigue, where appropriate.
  • May conduct Team Underwriting Reviews (TURs) to ensure quality and appropriate discretionary pricing.
  • Manages territory CAT exposures to wildfire, wind-hail, and other catastrophe exposures.
  • Entrusted with increased authority to make decisions on high risk properties and assist their leadership team with the territory CAT management strategy.
  • Performs other duties as assigned.

Education Requirements

  • High School Diploma or equivalent. Bachelors degree.
  • CPCU or other related professional designations preferred ie CIC, AU, ARM.

Experience Requirements

  • 3+ years of experience commercial multi-line underwriting.

Additional Qualification

  • Demonstrated analytical skills.
  • Demonstrates a high level of accuracy, even under pressure.
  • Strong verbal communication and listening skills.
  • Possesses flexibility to work in a fast paced, dynamic environment.
  • Ability to simultaneously handle multiple priorities.
  • Demonstrates excellent judgment and decision making skills.
  • Instills commitment to organizational goals.
  • Ability to build strong customer relationships.
  • Performs work independently with minimal supervision.
  • Possesses strong product knowledge.
  • Possesses strong technical aptitude.
  • Develops and delivers effective presentations.
  • Effective negotiation skills.
  • Effective conflict management skills.

Physical Actions

Job is performed in-person at a Farmers office or virtually at an approved alternative work location. Job may include work performed at field locations. The physical work environment is indoors and climate-controlled with adequate lighting and ventilation. Normal and customary distractions include background noise produced by office equipment and chatter among people, as well as interruptions. Field work performed outdoors may include exposure to weather elements. Frequently sits or stands for prolonged periods of time, up to a full shift. Occasionally moves about the workplace including navigating stairs, ramps, and level or uneven surfaces. Occasionally moves, pushes, pulls, lifts, carries, and places objects or materials weighing up to 50 pounds without assistance. Frequently uses shoulders, arms, hands, and fingers to manipulate equipment, tools, and objects necessary to perform job duties. Frequently performs fine motor tasks such as typing, mousing, or writing, up to a full shift. Occasionally performs movements such as bending, stooping, crouching, kneeling, twisting, and reaching overhead or below the knees. Possesses clear vision, with or without correction, to visually read and verify information. Relies on depth perception and peripheral vision to navigate the work environment visually by identifying barriers, changes in terrain and locating objects. Possesses adequate hearing, with or without correction, to communicate with co-workers, respond promptly to auditory signals or alarms, and discern sounds essential for maintaining safety and productivity in the workplace. Jobs in this category may require regular travel between Farmers offices, alternative work locations, and/or field locations.

Benefits

  • Farmers offers a competitive salary commensurate with experience, qualifications and location.
    o CA Only: $81,375 - $137,940
    o CO Only: $76,275 - $119,350 
    o HI/IL/MN/VT Only: $76,275 - $127,490
    o MA Only: $76,275 - $127,490 
  • o MD Only: $76,275 - $137,940 
    o DC/NJ/NY/OH Only: $76,275 - $137,940 
             o Albany County, NY/Cleveland, OH: $81,375 - $119,350 
    o WA Only:  $80,168 - $144,875 
  • Medical
  • Dental
  • Vision
  • Health Savings and Flexible Spending Accounts
  • Life Insurance
  • Paid Time Off
  • For more information, review “What we offer” on https://www.farmers.com/careers/corporate/#offer

 

Job Location(s): R_US - United States

 

Anticipated application deadline: At Farmers, the recruitment process is designed to ensure that we find the best talent to join our team. As part of this process, we typically close open positions within 8 to 21 days after posting. If you are interested in any of our open positions, we encourage you to submit your application promptly.

 

Farmers will consider for employment all qualified applicants, including those with criminal histories, in accordance with the Los Angeles Fair Chance Initiative for Hiring Ordinance or other applicable law.  Pursuant to 18 U.S.C. Section 1033, Farmers is prohibited from employing any individual who has been convicted of any criminal felony involving dishonesty or a breach of trust without prior written consent from the state Department of Insurance.

 

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

 

Farmers is an Equal Opportunity Employer and does not discriminate in any employer/employee relations based on race, color, religion, gender, sexual orientation, gender expression, genetic information, national origin, age, disability, marital status, military and veteran's status, or any other basis protected by applicable discrimination laws. 

 

Want to learn more about our culture & opportunities? Check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok.

 

Spokane, WA only:  Residents who prefer not to provide their address click here to submit your resume via email: careers@farmers.com

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