Pekin Insurance · 1 day ago
Underwriter I - Territory
Pekin, IL
Full-time
Hybrid
Mid Level
$66K/yr - $90K/yr
3+ years expPekin Insurance is a community-focused company that values and supports its employees. The Territory Underwriter I is responsible for underwriting quote and new business transactions within a designated geographic territory, ensuring compliance with company guidelines and achieving profitability goals.
Information TechnologyInsurance
No H1B
Responsibilities
Approves, declines, modifies, negotiates, and prices mid-sized and larger accounts to achieve profitability and written premium goals within a territory and to minimize financial peril to the company
Manages an assigned territory for new business and quotations in compliance with the enterprise’s underwriting philosophy and in accordance with departmental and company guidelines and standards to meet growth and profit objectives
Provides consultation to agents, sales, underwriting, and other personnel on coverage forms, rates, endorsements, and enhancements to promote company products and resolve applicant and insured’s insurance needs
Reviews, evaluates, and consults on insured and third party contract language to determine compliance within the company guidelines along with offering appropriate endorsements or coverages
Utilizes underwriting knowledge to educate and train agents on our underwriting guidelines, commercial lines products, coverages, and computer systems
Provides education and mentoring to Renewal Underwriters and Senior Raters on our underwriting guidelines, commercial lines products, coverages, and computer systems
Uses independent judgement and creative thinking to provide alternative options to agents and insureds
Uses critical thinking to propose recommendations or deviations to department leadership from established underwriting guidelines
Participates on departmental and enterprise committees to consult on various topics related to Commercial Lines underwriting and operations
Reviews and processes on a referral basis, renewal business, reinstatements, cancellations, endorsements, diaries, certificates of insurance, audits, and other miscellaneous transactions
Underwrites quote and new business submissions by acquiring, evaluating, and analyzing internal and external information in order to make selection and pricing decisions
Acts as a trusted advisor to effectively communicate underwriting decisions via written and verbal correspondence
Develops agency relationships and presents and promotes company products, services, and initiatives
Works in a cross-functional team with Personal Lines Underwriting, Life Underwriting, Sales, and other departments to achieve company profit and growth goals
Assists with the mentoring of Commercial Lines Underwriting staff
Performs other duties as assigned
Qualification
Required
Bachelor's degree in business-related field or equivalent experience
Typically requires 3+ years of industry experience
Possession of or demonstrated progress toward earning a Chartered Property Casualty Underwriter (CPCU) designation
Demonstrated ability to communicate effectively in both oral and written form
Analyze, organize and prioritize work while meeting multiple deadlines
Adapt to changes in responsibilities, work processes, timeframes, performance expectations, organizational culture, or work environment
Work comfortably in a fast-paced work environment
Define problems, collect data, establish facts, and draw valid conclusions
Demonstrated skill in customer service
Applicants must be authorized to work in the U.S. without sponsorship now or in the future
Preferred
Prior experience with commercial insurance rating, customer service, or underwriting
Benefits
Health, Dental and Vision Insurance
Generous 401(k) with company match
Paid Time Off (PTO) with Paid Holidays
Flexible/Hybrid Work Schedule
Paid Volunteer Program
Company
Pekin Insurance
Pekin Insurance provide peace of mind and long-term security for policyholders, shareholders, agents, and employees.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Ryan Hanson
Chief Financial Officer
Joel Jackson
SVP & COO
Recent News
Coverager - Insurance news and insights
2025-01-27
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