Commercial Insurance Job Description
Commercial insurance
provides technical assistance to customers regarding policy and endorsement provisions and underwriting acceptability for designated insurance coverages.
Commercial Insurance Duties & Responsibilities
To write an effective commercial insurance job description, begin by listing detailed duties, responsibilities and expectations. We have included commercial insurance job description templates that you can modify and use.
Sample responsibilities for this position include:
Supervise the day-to-day underwriting operations by establishing priorities, scheduling and assigning work, adjusting schedules when necessary to meet completion dates, and assisting others with resolving complex problems while ensuring adherence to underwriting standards and objectives
Obtain and analyze client insurance renewal information, assemble underwriting submissions to be sent to insurers, track and assist with follow-up during negotiations with insurers, prepare client proposals, coordinate receipt of and review insurer binders and other coverage documentation
Assist in scheduling client/insurer underwriting meetings
Participate with senior management in department and business unit-wide initiatives around product development, processes, underwriting policy and strategy
Develops a team relationship with other departments, including Underwriting
Responsible for day-to-day servicing of complex professional liability, directors & officers liability, employment practices liability, and other insurance programs for a portfolio of consulting and other professional service firm clients
Prepare and/or check insurance renewal invitation, notice letters, application requests and reviews, insurer submissions, renewal proposals, putting up the Firm Orders to various insurers, ensuring that coverage is bound prior to the effective date, and responding to client requests
Confirm commission rates and help finalize account compensation
Confirm insurers are listed on Aon’s Market Security List
Become conversant with insurance policy terms and conditions specific to the lines of insurance being serviced
Commercial Insurance Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Commercial Insurance
List any licenses or certifications required by the position: TSA, ID, NFIP, CSS
Education for Commercial Insurance
Typically a job would require a certain level of education.
Employers hiring for the commercial insurance job most commonly would prefer for their future employee to have a relevant degree such as Collage and Bachelor's Degree in Education, Business, Management, Associates, Finance, Business/Administration, Marketing, Acting, Accounting, Economics
Skills for Commercial Insurance
Desired skills for commercial insurance include:
Legal liability
Insurance coverage and medical terminology helpful but not mandatory
But not mandatory
Insurance coverage and medical terminology helpful
Commercial insurance coverages
Contracts & underwriting guidelines
Insurance coverage and medical terminology
Commercial lines coverages and markets
Microsoft Office Suite
Underwriting
Desired experience for commercial insurance includes:
Communicate with U.S. , UK and other insurance markets as requested for quotes and renewal documentation
Prepare invoice requests and applicable insurance premium tax worksheets
Prepare Wording Comparisons, Verifications/Certificates of Insurance, letters and reports under the direction of the Assistant Vice President (and other team members)
Ensure all communications, both written and verbal, received from clients, insurers and other Aon offices are acknowledged promptly by working with the Assistant Vice President (and other team members)
Coordinate activity between Aon offices to ensure smooth coordination of all client matters continuity of service
Assist in the broking and development of terms under the direction of the Assistant Vice President (and other team members) – review quotes, review binders, address subjectivities
Commercial Insurance Examples
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Commercial Insurance Job Description
Job Description Example
Our innovative and growing company is hiring for a commercial insurance. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for commercial insurance
- Lead, develop and direct the market entry strategy for the small-medium business segment
- Advise on product, pricing and marketing market competitiveness and requirements for business segments
- Foster and promote a team approach to both internal and external business relationships
- Act as the Commercial Lines subject matter expert in the development of training programs for the Field Sales and Advice Centre P&C advisors
- Analyze qualitative and quantitative data prepared by underwriters and uses letters of authority to provide approval for risk selection and acceptance, coverage, and price
- Develop and maintain effective business relationships with internal and external clients in order to attract, develop and retain profitable business for assigned book of business
- Analyze quality and quantity of risks underwritten and prepares reports accordingly
- Develop and maintain excellent rapport and relationships with agency staff and internal contacts through virtual means like telephone and e-mail periodic agency visits
- Compile data from multiple systems and resources to create the auto subrogation claim
- Communicate with at fault third parties, their insurance carrier and policyholders
Qualifications for commercial insurance
- High School Graduate or Equivalent Work Experience in Commercial Lines/Business Protection Insurance
- Demonstrate effective prioritization and organizational skills in an effort to meet departmental and organizational client deadlines/deliverables
- Demonstrate behaviors that are parallel with our organizational Core Values and Corporate Objectives
- Ability to work autonomously and in a team environment as an individual contributor
- Proficient in Microsoft PC applications to include Word & Excel
- Ability to solve mild to complex problems
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Commercial Insurance Job Description
Job Description Example
Our company is hiring for a commercial insurance. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for commercial insurance
- Determines policy coverage through analysis of investigation data and policy terms
- Writes simple to moderately complex property damage estimates or review auto damage estimates
- Communicate with branch office case managers, policyholders, injured employees, witnesses, claimant, state fund representatives, and involved parties, in order to gather information regarding the loss
- Reviews carrier invoices for accuracy and processes any requests for financing
- Requests, calculates and processes Well Reports
- Sets up master certificate of insurance within Epic
- Processes and provides premium allocations
- Reviews and resolves any Accounts Receivables issues on a weekly basis with input from the Account Executive and/or Producer
- Works with clients and carriers on processing final audits
- Oversees and delegates work to the Assistant Account Manager and Account Representatives
Qualifications for commercial insurance
- CPCU/AU designation highly preferred
- Effective interpersonal skills need to create and expand partnerships with internal and external customers to influence the way business partners think, feel, or behave
- Analyzes commercial lines accounts to make decisions based on individual risk characteristics, exposure analysis, hazard recognition and control
- Demonstrated ability to develop and maintain relationships with agents and other departments and must also exemplify superior teamwork
- Analyzes commercial lines accounts to make decisions based on individual risk characteristics, exposure analysis, hazard recognition and controls
- Actively pursuing professional insurance designation(s)
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Commercial Insurance Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of commercial insurance. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for commercial insurance
- Provides administrative support for management team as required
- Provides liaison support between local office and corporate departments
- Manages vendor relationships, delivery contracts
- Maintains and updates organization files and designs filing systems as required
- Maintains and orders office supplies and equipment as required
- Schedules and coordinates all in-house licensing and CE courses
- Manages clerical and/or support staff employee(s)
- Maintains records and data which may include entering into databases/servers, developing tracking systems/spreadsheets, setting up files, Ensures accuracy of information and runs reports as needed
- Acts as a technical resource for internal and external customers/contacts by providing answers to routine inquiries and coordinating responses
- Ensures compliance with servicing carrier performance standards set by Plan Administrators, program managers and regulators
Qualifications for commercial insurance
- Communications - Influencing, negotiating, presenting effectively
- Relationship Management – Customer focus, building rapport, dealing with conflict
- Analyzes new business applications, renewal instructions, requests for policy changes, and/or audit data verifying all pertinent information to produce policy and/or audit transactions
- Applies, interprets and maintains Bureau and Company rating manuals, supplements, procedural bulletins and all pertinent system applications needed to perform calculations
- Prepares instructions for policy writing and billing instructions, and statistical coding for Policy Production, Accounting and Statistical
- Computes premium charges using rating manuals for variables such as loss and expense constants, experience modifications, discount factors, dividends
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Commercial Insurance Job Description
Job Description Example
Our company is searching for experienced candidates for the position of commercial insurance. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for commercial insurance
- Assist producers with pre-underwriting information gathering, coverage analysis and proposal presentations if needed
- Maintain state of the art knowledge of market underwriting appetite, line of business trends, insurance company changes, rating technique and coverage development
- Responsible for all aspects of smaller projects or phases of larger projects
- Manage salary and non-salary budgets
- Actively continue to improve personal knowledge and practices of the insurance industry through work experience, in-house instruction, insurance specific designations
- Maintain compliance with all regulatory requirements internal policies, procedures and standards
- Proven knowledge and experience in the Southeast business climate
- Experience in a broad range of industries with expertise in National Accounts and utilizing loss sensitive rating plans
- Sets up various post-sale account services with other departments, including identifying contacts for the policyholder, initiating the issuing process and advising the Claims department of the coverage written so they can prepare for incoming claims
- Prepares quarterly Risk Management reports and participates in claim reviews with Corporate Claims Manager and General Counsel on a quarterly basis
Qualifications for commercial insurance
- Good interpersonal and analytical abilities required
- High school education or equivalent, plus at least 1-2 years of relevant customer service or administrative experience
- May answer questions and provide guidance to other raters
- Good math, problem solving, detail and interpretation skills in order to issue rated policies and audit transactions
- Broad working knowledge of technical procedures of insurance coverages, procedures, rating/coding manuals and other departments
- High school diploma or equivalent training, plus a minimum of 18 months of insurance related experience preferable in Business Markets is required
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Commercial Insurance Job Description
Job Description Example
Our innovative and growing company is hiring for a commercial insurance. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for commercial insurance
- Recruit, develop, and manage new commercial sales and benefit producers
- Achieve satisfactory new and renewal revenue production levels
- Establish and maintain relationships with insurance carriers to understand and meet specific business appetites and production goals
- Direct sales forecasting activities and set performance goals accordingly, along with agency management
- Analyze and control expenditures of business unit to conform to budgetary requirements
- Prepare regular sales report showing pipeline activity, prospects and attained sales
- Review and analyze sales performance against plan
- Direct agent development activities, including hiring, teaching, training and coaching activities
- Use all necessary agency management software functions and verify data is accurate
- Be able to read client’s business contracts for insurance requirement compliance
Qualifications for commercial insurance
- Auto insurance experience is a plus
- Open to a temporary position
- Agree to a background and drug screen
- Under moderate supervision (working individually or as part of a project team), perform research and analysis to support business operations, develop recommendations to address problems/issues and make presentations to the supervisor, project leader or manager
- Develop and produce accurate, consistent, and timely reporting and analysis
- Identify reporting processes that are inefficient and create / change processes that will lead to measurable gains in data quality and reporting processing time