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Burns & Wilcox | Commercial Lines Underwriter | charlotte, nc

The Opportunity• Develop and execute marketing plan to drive new and renewal business, including in-person visits, telemarketing and distribution of marketing materials for insurance company partners• Evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing• Develop and submit underwriting referrals, where required, to company brokerage facilities and Burns & Wilcox management• Monitor key metrics, such as, new business hit ratio, renewal retention ratio, premium growth, and loss ratio, formulating corrective action where necessary• Mentor and train Assistant Underwriters as neededQualifications• Bachelor’s degree or equivalent combination of education and experience• Minimum 3 years of multi-line underwriting experience, excess & surplus experience preferred• Strong sales and marketing skills a must, business acumen, interest in continued education and professional development• Insurance license, CPCU, CIC or comparable designations preferredCompensation Package• Competitive base compensation• Flexible & hybrid work options• Health benefits & 401K with employer match• Employer paid continuing education courses and designations• Many opportunities for career advancement
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CEO of Burns & Wilcox
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Alan Jay Kaufman
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What You Should Know About Burns & Wilcox | Commercial Lines Underwriter | charlotte, nc, Burns & Wilcox

If you’re looking for an exciting opportunity as a Commercial Lines Underwriter in Charlotte, NC, look no further than Burns & Wilcox! In this dynamic role, you'll have the chance to develop and execute innovative marketing plans aimed at driving new and renewal business for our esteemed insurance company partners. Your responsibilities will include evaluating, classifying, and rating risks to determine their acceptability, coverage, and pricing—ensuring that both the company and our clients are protected. You'll also create and submit underwriting referrals as necessary, engaging with key stakeholders such as our brokerage facilities and management team. Monitoring essential metrics like new business hit ratios and renewal retention will be a crucial part of your role, allowing you to formulate corrective actions as needed. Plus, you'll have the rewarding opportunity to mentor and train Assistant Underwriters, helping to shape the future of our team. At Burns & Wilcox, we value education and development; hence, we encourage a strong interest in continued learning and offer numerous career advancement opportunities. Join us and enjoy a competitive base salary, flexible hybrid work options, health benefits, a 401k plan with employer match, and fully employer-paid courses to further your professional credentials!

Frequently Asked Questions (FAQs) for Burns & Wilcox | Commercial Lines Underwriter | charlotte, nc Role at Burns & Wilcox
What are the key responsibilities of a Commercial Lines Underwriter at Burns & Wilcox?

As a Commercial Lines Underwriter at Burns & Wilcox, you will execute marketing plans for new and renewal business, evaluate risks, determine coverage and pricing, and manage underwriting referrals. Your role will also involve monitoring key performance metrics and providing mentorship to Assistant Underwriters, ensuring a comprehensive approach to underwriting.

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What qualifications are required for the Commercial Lines Underwriter position at Burns & Wilcox?

To qualify for the Commercial Lines Underwriter position at Burns & Wilcox, candidates should possess a Bachelor's degree or equivalent experience, at least three years of multi-line underwriting experience (preferably in excess and surplus), and insurance licenses. CPCU and CIC designations are preferred to enhance your credentials.

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What benefits does Burns & Wilcox offer to their Commercial Lines Underwriters?

Burns & Wilcox offers an attractive compensation package for Commercial Lines Underwriters, which includes competitive base compensation, flexible and hybrid work options, health benefits, a 401K plan with employer matching, and employer-paid continuing education courses to support your professional growth.

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How does Burns & Wilcox support professional development for Commercial Lines Underwriters?

At Burns & Wilcox, we are committed to professional development for our Commercial Lines Underwriters. We provide opportunities for employer-paid continuing education courses, professional designations, and a mentorship program that encourages upward mobility within the organization.

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What makes Burns & Wilcox a great place to work for Commercial Lines Underwriters?

Burns & Wilcox is a fantastic workplace for Commercial Lines Underwriters due to its commitment to employee growth, a collaborative work environment, competitive salary packages, and a strong emphasis on maintaining work-life balance through flexible work arrangements.

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Common Interview Questions for Burns & Wilcox | Commercial Lines Underwriter | charlotte, nc
What experience do you have in evaluating and pricing risks as a Commercial Lines Underwriter?

In your response, highlight your relevant experience with evaluating risk types, classification processes, and how you've successfully determined coverage and pricing. Be specific about methods you use to assess risks accurately.

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Can you describe a time when you had to make a difficult underwriting decision?

Think of a challenging situation and describe your thought process. Illustrate how you utilized data, consulted with team members, and made a decision that balanced business needs with risk management principles.

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How do you stay updated on industry changes and regulations in underwriting?

Discuss your strategies for staying informed, such as attending industry conferences, participating in webinars, reading trade publications, and joining professional organizations relevant to underwriting.

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What marketing strategies have you successfully implemented to drive new business?

Provide examples of specific marketing strategies you've developed and executed. Focus on innovative approaches, outreach methods, and results you achieved through these initiatives.

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How do you handle conflicts or disagreements with brokers or clients?

Share techniques you use to manage conflicts, such as active listening, empathy, and clear communication. Describe a specific instance where you turned a disagreement into a productive conversation.

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What metrics do you consider most important while monitoring your underwriting performance?

Discuss key metrics like new business hit ratio, renewal retention, and loss ratios. Talk about how monitoring these metrics influences your decision-making and strategy adjustments.

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How important is teamwork in your role as a Commercial Lines Underwriter?

Emphasize the collaborative nature of underwriting, your experience working with cross-functional teams, and how effective teamwork contributes to better risk assessment and underwriting outcomes.

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What have been some of your most significant accomplishments in your underwriting career?

Highlight 2-3 major accomplishments that reflect your skill set and the value you've brought to previous employers. This could include notable projects, efficiency improvements, or successful marketing efforts.

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How do you prioritize multiple tasks while meeting deadlines in a fast-paced environment?

Describe your time management techniques, such as creating lists, setting priorities, and using project management tools. Share examples of successful multitasking under pressure.

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Why do you want to work as a Commercial Lines Underwriter specifically at Burns & Wilcox?

Articulate what attracts you to Burns & Wilcox—this could be their reputation, commitment to education, innovative practices, or the supportive work culture. Show your enthusiasm for being part of the team.

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Full-time, hybrid
DATE POSTED
December 6, 2024

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