MUSIC E&S Underwriter/ Sr Underwriter (Hybrid)

At Selective, we don't just insure uniquely, we employ uniqueness.

Our Business

Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong, consistent financial performance for nearly 100 years.Selective's unique position as both a leading insurance group and an employer of choice is recognized in a wide variety of awards and honors, including listing in Forbes Best Midsize Employers in 2023 and certification as a Great Place to Workin 2023.

Working at Selective

At Selective, we don't just insure uniquely - we employ uniqueness. Employees are empowered and encouraged to Be Uniquely You by being their true, unique selves and contributing their diverse talents, experiences, and perspectives to our shared success. Together, we are a high-performing team working to serve our customers responsibly by helping to mitigate loss, keep them safe, and restore their lives and businesses after an insured loss occurs.

Selective Insurance offers a total rewards package that includes a competitive base salary, incentive plan eligibility at all levels, and a wide array of benefits designed to help you and your family stay healthy, achieve your financial goals, and balance the demands of your work and personal life. These benefits include comprehensive health care plans, retirement savings plan with company match, discounted Employee Stock Purchase Program, tuition assistance and reimbursement programs, and paid time off plans. Additional details about our total rewards package will be provided during the recruiting process.

The MUSIC E&S Underwriter /Sr. Underwriter will handle the daily service demands of our agents in support of individual and team goals and requires a thorough understanding of coverage, products, underwriting system transactions, and state specific laws/issues. This individual will also work independently within a letter of authority and can handle, with accuracy, assignments of high complexity, hazard, exposure and premium in a variety of business segments. The Sr Underwriter will also review agency book of business as well as profit/growth results and trends and provide responsive support, service and guidance to agents and internal staff.

• Within the Excess and Surplus Division, manage, underwrite and drive new business growth in accordance with company goals.
• Gather, analyze and evaluate risk exposure for submissions that fall outside agent authority.
• Document through appropriate risk documentation and work within stated authority to provide quotes that support growth and profitability goals.
• Identify and adopt proactive actions and/or make proactive recommendations to improve agent premium and/or profitability.
• Demonstrate knowledge and understanding, at a very high level, of coverage forms, loss trends/development and guidelines in the selection and pricing of individual risks.
• Evaluate risk hazards and ensure adequate pricing of individual risks through proper classification, accuracy of information and adherence to company underwriting standards and pricing philosophy.
• Determine appropriate solutions for agents and take necessary measures to obtain information needed to resolve inquires/transactions.
• Work in unison with Managing General Agents and other departments to grow and maintain a profitable book of business.
• Work with renewal staff supporting company goals of premium and retention.
• Provide guidance to General Agents and other departments regarding various underwriting information. Effectively communicate underwriting decisions and appetite to agents within your assigned territory. Reinforce the ease of doing business with MUSIC by meeting or exceeding agent expectations and service quality on a consistent basis.
• Develop, build, and maintain effective working relationships with internal and external customers. Work in unison with the regional teams to provide a seamless experience for our agency partners. Communicate openly and in a timely fashion.
• Participate in the development of team goals and work diligently to achieve them. Support all team decisions.
• Conduct continuous profit and growth analysis by territory and agency as assigned making recommendations when necessary to improve outcomes. Monitor premium retention with the use of electronic reporting tools. Provide internal reports for management staff as required.
• Effectively manage workflows at a high level to ensure submissions are resolved within SLA (Service level agreement) and open quotes are handled efficiently to bind new business accounts
• Conduct independent agency visits that include creation of agendas and training materials (ie. Power points) that support company initiatives. Must have a valid license and be able to drive an automobile to support company travel within territory. Car travel represents approximately 10%-15% of employee's time.
• Develops and improves knowledge of industry, products, coverage and market competition. Provides technical advice and training to lower level associates and other functional areas.
• May participate in any pricing meetings, budget reviews or company/agent sponsored events as may be required.

Requirements and Qualifications:

• Proficient in usage of all supplied desktop tools, including the automated underwriting and email systems.
• Ability to effectively communicate with internal and external customers/peers.
• Ability to adapt to change as the company moves forward in its strategic vision.
• Must have valid state-issued driver's license in good standing and be able to drive an automobile.
• College degree preferred
• 1-3 years of underwriting experience preferred.
• Insurance designations preferred: Associate in Surplus Lines (ASLI), Supplemental Liability Insurance (SLI), and Associate In General Insurance (AINS)

The expected starting salary range for this role is$62,000 - $102,000. The actual base salary is based on geographic location, and the range is representative of salaries for this role throughout Selective's footprint. Additional considerations include relevant education, qualifications, experience, skills, performance, and business needs.

Selective is an Equal Employment Opportunity employer. That means we respect and value every individual's unique opinions, beliefs, abilities, and perspectives. We are committed to promoting a welcoming culture that celebrates diverse talent, individual identity, different points of view and experiences - and empowers employees to contribute new ideas that support our continued and growing success. Building a highly engaged team is one of our core strategic imperatives, which we believe is enhanced by diversity, equity, and inclusion. We expect and encourage all employees and all of our business partners to embrace, practice, and monitor the attitudes, values, and goals of acceptance; address biases; and foster diversity of viewpoints and opinions.

Selective maintains a drug-free workplace.

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