Overview:
Mutual of Enumclaw was founded in 1898 by local farmers who wanted to look out for each other. That spirit continues to define our company culture. We are committed to cultivating and preserving a culture of inclusion and connectedness. Our employees are proud of our thoughtful approach to insurance, and it shows. In January 2024, we were recognized as Washington's Best Company to Work For (our twelfth year in a row as one of the top 100) by Seattle Business magazine, based on a survey of our employees.
Mutual of Enumclaw works exclusively with local independent agents to offer insurance products for individuals, families, farms, and businesses. We currently operate in Washington, Oregon, Idaho, Utah, Arizona, Montana and Wyoming.
The Commercial Lines Underwriting Specialist reports to a Commercial Lines Underwriting Manager and is responsible for underwriting and marketing of new and/or renewal business and endorsements within designated authority level, aligned with achieving our corporate objectives. As an associate of Mutual of Enumclaw you will partner with our Sales and Marketing team to develop relationships with agents to write and retain profitable business. Independently manages assigned territory to achieve corporate objectives. Candidates must have a minimum of 3 years of proven expertise to write quality Manufacturing and Distribution accounts
Location: The successful candidate will work remotely, but must be located in one of our 7 states of business (WA, WY, UT, MT, OR, ID, or AZ), be available to work during our core Pacific Standard Time (PST) business hours, and must have high-speed internet (internet speed test required).
Commercial Lines Underwiting Specialist
Hiring Range: $102,475 - $118,046*
Salary Range: $102,475 - $136,998
*The hiring range represents Mutual of Enumclaw’s current hiring pay scale for this role. Mutual of Enumclaw reserves the right to modify or update this range any time. Exact compensation may vary based on skills and experience. Compensation is only one part of our entire total rewards package. To see some of the benefits and perks we offer, please click here.
Responsibilities:
- Review and assess small to medium size risks of low to moderate complexity. May occasionally underwrite larger accounts of higher complexity.
- Anticipate and identify moderately complex underwriting and marketing problems, thoroughly analyzes available information, and make timely, practical decisions.
- Manage underwriting and submission flow for the assigned agency.
- Properly escalate risks beyond the designated authority level to underwriters and/or underwriting leadership.
- Document underwriting file as required to verify account complies with our underwriting guidelines and meets regulatory and underwriting quality standards.
- Proactively collaborate with sales and marketing to generate submissions in line with our appetite.
- Partner with regional sales manager to develop, implement and execute agency business plans.
- Communicate with Agents and/or policyholders as appropriate to gather information missing from documents and/or reports, convey the status of applications for new business or endorsements, and strive to preserve the integrity of business relationships.
- Lead or participate in agency meetings and training sessions.
- Use consultative sales skills to successfully negotiate price, terms, and conditions for new and/or renewal business with our agency partners.
- Consistently seek market insight and uses internal and external knowledge to inform business decisions.
- Attend agency functions and industry events.
- Evaluate natural catastrophe exposures utilizing available modeling tools to confirm compliance with our underwriting standards.
- Determine if facultative reinsurance is required, secure placement if within your authority, or refer as needed.
- Collaborate with Underwriting and IT staff to participate in strategic initiatives, data conversion, acceptance testing and to provide quality assurance support for the systems development.
- Identify, innovate, and suggest new procedures, and/or opportunities to streamline Department processing and record-keeping systems and practices.
- Assist with training and mentoring of less experienced associates when appropriate.
Qualifications:
Required Skills/Abilities:
- Demonstrate a fundamental understanding of the local marketplace and insurance industry trends.
- Understand organizational and regulatory rules, policies, and procedures and effectively employ that knowledge in day-to-day work.
- Exhibit curiosity by asking questions, being investigative, and probing.
- Demonstrate a sense of urgency and reliability.
- Exhibit teamwork and collaborate well with others.
- Communicate clearly and professionally, both verbally and in writing
- Utilize the necessary tools and resources to appropriately analyze and price each risk.
- Provide excellent service to internal or external clients.
- Challenge status quo and brings forward possibilities.
- Ability to function well in a high-paced environment.
- Utilize data to make informed decisions and clearly communicates the reason for the decision.
- Proficient with Microsoft Office Suite and related software.
- Knowledge of reinsurance treaties and their impact to our business.
- Take ownership and responsibility for actions and outcomes, performance and results.
Education and Experience:
- 5+ years of underwriting, policy services, or related business experience.
- 3+ years of proven expertise to write quality Manufacturing and Distribution accounts.
- Bachelor's or an Associate's degree, or a High School diploma with relevant business experience
- Fully proficient in task, assignment, problem-solving, and project coordination, execution, collaboration, and leadership skills.
- Insurance industry designation(s) and certification(s) preferred.
- Proven track record of establishing relationships with agents or colleagues.
- Demonstrated ability to be held accountable for customer-focused, accurate and timely results.
Physical Requirements:
- Prolonged periods of sitting at a desk and working on a computer, including video conferencing.
- Some travel may be required.
