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Underwriter

Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.Arrowhead Automotive Aftermarket is looking for a commercial lines Underwriter to join our team. In this position, you will be responsible for underwriting and analyzing new and renewal business. This position will administer and monitor underwriting rules, guidelines, insurance laws, and regulations and will also work within assigned letter of authority and defined guidelines on moderately complex risks.Arrowhead Automotive Aftermarket, operating as a division of Brown & Brown Insurance, is a narrowly focused market leader in providing insurance products and services to automotive aftermarket business owners and their employees. Our specialized approach offers exclusive access to business insurance programs via our program administrator Arrowhead General Insurance Agency, Inc.Arrowhead Automotive Aftermarket offers a benefits and compensation package that meets today's most important needs and includes:• A challenging and stimulating career that provides growth and development.• Group medical, dental, vision, life, and disability benefits.• Paid time off and a 401(k) retirement plan as well as an Employee Stock Purchase Plan that allows our employees to purchase Brown & Brown stock at a discounted rate.The pay range for this position is $60,000 - $100,000/year based on experience.If you want to be part of a growing organization that is energetic and driven, contact us today.Job Duties• Executes underwriting strategy as established by the program.• Accepts, modifies, or declines new and renewal business within delegated level of authority.• Reviews and analyzes exposures of risks.• Monitors and reviews new and renewal business results to ensure growth and profitability as established by the program.• Consistently adheres to underwriting letter of authority, guidelines, and insurance laws.• Manage results of book of business and implement underwriting action when applicable.• Other duties as assigned.Requirements• Bachelor's degree and two or more years related experience in the insurance industry and/or an equivalent combination of education and experience.• Ability to effectively present information.• Ability to define problems, collect data, establish facts, and draw valid conclusions.• Have high levels of accuracy and detail along with a specific focus on timeliness, productivity, and quality.• Able to prioritize and manage multiple tasks.• Excellent written and oral communication skills.For more information about Arrowhead’s Automotive Aftermarket Division, please visit our website at www.arrowheadgrp.com.Pay Range$60,000 - $100,000 AnnualThe pay range provided above is made in good faith and based on our lowest and highest annual salary or hourly rate paid for the role and takes into account years of experience required, geography, and/or budget for the role.Teammate Benefits & Total Well-BeingWe go beyond standard benefits, focusing on the total well-being of our teammates, including:• Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance• Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement• Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services• Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more.Not reflective of all benefits. Enrollment waiting periods or eligibility criteria may apply to certain benefits. Benefit details and offerings may vary for subsidiary entities or in specific geographic locations.The Power To Be YourselfAs an Equal Opportunity Employer, we are committed to fostering an inclusive environment comprised of people from all backgrounds, with a variety of experiences and perspectives, guided by our Diversity, Inclusion & Belonging (DIB) motto, “The Power to Be Yourself”.

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What You Should Know About Underwriter, Brown & Brown Insurance

Are you ready to take your underwriting skills to the next level? Arrowhead Automotive Aftermarket, a proud division of Brown & Brown Insurance, is on the lookout for a dedicated Underwriter to join our growing team in Missouri City, MO! In this exciting role, you'll dive into the world of insurance for automotive aftermarket businesses, where you'll be responsible for underwriting and analyzing both new and renewal business. You’ll be immersed in administering and monitoring underwriting guidelines, insurance laws, and regulations while working within your assigned letter of authority on moderately complex risks. We pride ourselves on a vibrant company culture built on meritocracy, where self-starters thrive. At Arrowhead, we focus on rewarding our team members who genuinely commit to doing what's best for our clients. The position comes with a competitive salary range between $60,000 and $100,000 per year, depending on your experience, and an attractive benefits package that supports both your personal and professional growth. This includes group medical, dental, vision, and life insurance, along with a 401(k) plan. If you're eager to contribute to a dynamic organization that champions innovation and excellence, we invite you to join us!

Frequently Asked Questions (FAQs) for Underwriter Role at Brown & Brown Insurance
What are the primary responsibilities of the Underwriter at Arrowhead Automotive Aftermarket?

As an Underwriter at Arrowhead Automotive Aftermarket, your main responsibilities include executing the underwriting strategy, analyzing exposures of risks, and deciding whether to accept, modify, or decline new and renewal business. You will also monitor the results of your book of business to ensure growth and profitability, adhering strictly to underwriting guidelines and insurance laws.

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What qualifications are needed for the Underwriter position at Arrowhead Automotive Aftermarket?

To qualify for the Underwriter position at Arrowhead Automotive Aftermarket, candidates should hold a Bachelor's degree and have at least two years of related experience in the insurance industry. Additionally, a strong ability to analyze data, present information, and communicate effectively is essential.

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What type of work culture can I expect as an Underwriter at Arrowhead Automotive Aftermarket?

The work culture at Arrowhead Automotive Aftermarket is centered around meritocracy, where self-starters are rewarded and encouraged. The company values initiative and commitment to doing what’s best for the customers. You'll be joining a dynamic team that is passionate about growing together while ensuring success for our clients.

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What benefits does Arrowhead Automotive Aftermarket offer to Underwriters?

Arrowhead Automotive Aftermarket provides a comprehensive benefits package that includes medical, dental, and vision coverage, along with life and disability insurance. There are also financial benefits such as a 401(k) plan, employee stock purchase plan, and tuition reimbursement, in addition to paid time off and mental health support.

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How does the Underwriter position at Arrowhead Automotive Aftermarket support career growth?

The Underwriter position at Arrowhead Automotive Aftermarket offers a stimulating career path where you can grow and develop your skills in the insurance sector. With a focus on personal and professional growth, you'll have the chance to work on complex risks and contribute to a market-leading company, gaining experience that could lead to further career advancement.

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Common Interview Questions for Underwriter
Can you explain your experience with underwriting commercial lines?

When answering, highlight specific examples of your previous work with commercial lines, detailing how you analyzed and assessed risks, made decisions, and the outcomes of your underwriting choices. Emphasize your understanding of underwriting guidelines and your ability to work within given authority levels.

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How do you prioritize tasks when faced with multiple underwriting requests?

Discuss your time management strategies, such as using a prioritization matrix or software tools, and explain how you ensure that every underwriting request is handled efficiently without sacrificing quality. Provide examples of challenging scenarios where you've successfully managed multiple tasks.

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What strategies do you employ to accurately assess risk?

Highlight your analytical skills and methodologies you follow, such as gathering data, utilizing industry benchmarks, and collaborating with team members to arrive at informed conclusions regarding risk assessments. Mention any tools or systems you use for data analysis.

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Describe a time when you had to deliver difficult news regarding a declined application.

Focus on your communication skills in this response. Explain how you approached the situation with empathy and provided clear reasoning for the decision. Include how you guided the applicant on possible next steps or alternative options.

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How do you stay updated on insurance laws and regulations?

Discuss the resources you use for staying informed, such as industry publications, professional development courses, and memberships in relevant organizations. Highlight your commitment to continuous learning in the ever-evolving field of insurance.

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What do you believe are the key qualities of a successful underwriter?

Discuss qualities such as attention to detail, strong analytical skills, excellent communication abilities, and a customer-focused mindset. Provide examples of how you embody these qualities in your professional practice.

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Can you provide an example of how you improved an underwriting process?

Share a specific example where you identified inefficiencies, proposed solutions, and the outcomes that resulted from your interventions. Emphasize your proactive approach and ability to drive improvements.

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How do you balance risk and reward in your underwriting decisions?

Explain your thought process when assessing both risk and potential reward. Discuss how you weigh various factors and use data to make balanced underwriting decisions that align with company goals.

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What are the biggest challenges you face as an underwriter, and how do you overcome them?

Identify challenges such as handling complex risks or navigating regulatory changes, and explain your strategies for overcoming these challenges. Provide real examples that showcase your problem-solving abilities and resilience.

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Why do you want to work for Arrowhead Automotive Aftermarket?

Tailor your response to reflect your admiration for Arrowhead's culture, its commitment to integrity and service, and the opportunity to grow within the automotive aftermarket industry. Show enthusiasm and align your career goals with the organization’s mission.

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Making a positive difference in the lives of our customers by protecting what they value most.

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Full-time, on-site
DATE POSTED
November 29, 2024

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