Description

Federated Rural Electric Insurance Exchange is the leading provider of property and casualty insurance for rural electric cooperatives in the United States. The company's primary goal is to offer its members (electric cooperatives) affordable insurance coverage over the long term, so they can focus on serving their communities and making them better, safer, and more vibrant places to live.

Federated offers employees an extremely competitive salary and a generous benefits package.

The company is currently searching for a Senior Underwriter.

Responsibilities:

1. Assists VP of Underwriting and Underwriting Manager in pricing Federated’s accounts.

2. Quotes, issues and maintains insurance policies for complex accounts.

3. Assists Underwriting Department in renewal and new business submission review.

4. Places brokered business, as requested, prior to expiration, by ensuring accuracy and timeliness of quotes, binders, policies, and endorsements.

5. Gains an understanding of Federated coverages, programs and brokered coverages, and the cross-over between the two. Assists Underwriting Manager in training Underwriting and Sales staff.

6. Assists VP of Underwriting and Underwriting Manager in reviewing Aristos functionality and programming of the Federated and Agency dashboards. Works in conjunction with the VP of Underwriting and Underwriting Manager in communicating programming needs to the IT Department, testing those changes and seeing them through to successful implementation.

Requirements

Knowledge, Skills, and Abilities:

• Advanced knowledge of the underwriting process.
• Knowledge of commercial ISO-type policies, rules, and forms.
• Knowledge of National Council on Compensation and Insurance Service Organization.
• Knowledge of mathematical principles and practices.
• Strong skills in oral and written communication.
• Ability to assist in effectively training staff members regarding underwriting issues and practices.
• Ability to maintain flexibility and responsiveness when faced with multiple work tasks and stressful situations.
• Ability to make sound decisions using information at hand.

Education and Experience:

Bachelor’s degree, plus three to five years of commercial property/casualty underwriting experience required. CPCU preferred.

EEO Employer/Disabled/Protected Veteran