Garage Underwriter II in Scottsdale, Arizona at IFG Companies

WHY IFG COMPANIES

Build Your Future. Better America.

At IFG, you're building more than a career. You're helping build a better future. Since 1985, we've succeeded in a challenging industry through disciplined underwriting, strong relationships and long-term thinking. As a privately held, mission-driven insurance company, we're focused on lasting success, not short-term investor returns. Here, your contributions matter, you have opportunities to learn and grow and our success supports a greater purpose: expanding educational opportunities in rural communities and supporting military families. Build your future with us and help make a difference beyond insurance.

POSITION SUMMARY

The Garage Underwriter (“GU”) reviews and analyzes new business, renewal submissions and mid-term endorsement requests to determine acceptability for quoting/binding within their granted Letter of Authority and established underwriting unit guidelines. GU is responsible for growing and maintaining a profitable book of business through careful risk selection and alignment with IFG risk appetite and target book mix objectives. The GU must demonstrate discipline with respect to risk classification, rate management, terms and conditions as well as compliance standards across their entire book of business. The GU will also manage their production metrics and maintain high standards of service and responsiveness to assigned agents and/or brokers.

POSITION RESPONSIBILITIES INCLUDING

Underwriting

• Exhibiting sound judgment and strong technical knowledge of underwriting principles, while applying IFG Companies' underwriting guidelines that apply to the risks being underwritten.
• Providing or seeking referral counsel with other underwriters, the unit head and/or Corporate Underwriting, to discuss individual risk acceptance or declination, pricing and terms, when appropriate under the circumstances.
• Monitoring the performance of the Garage Underwriter’s in force business to determine what underwriting actions are most appropriate with respect to renewal, pricing, non-renewal or changes in coverage terms.
• Monitoring and meeting production, marketing and profitability goals for the Garage Underwriter’s book.
• Conducting comprehensive reviews of files written by assigned producers to ensure adherence to IFG Companies’ underwriting guidelines and regulatory requirements and to spot deviations from procedures and recommend corrective actions.
• Being generally familiar with regulatory and contractual considerations as regards contingent renewals or non-renewals to ensure compliance with the respective state regulations and consulting with IFG Companies' Compliance area, as needed.
• Being or becoming a subject matter expert for certain classes of business that are within IFG Companies' underwriting appetite.
• Keeping informed of industry, competitor and claim trends that may impact the relative and absolute attractiveness of risks being underwritten.
• Performing other duties, including new underwriter training and mentoring, as may be requested or appropriate.

Marketing

• Meeting and working with producers in assigned territories to ensure high-quality submission opportunities are presented to the Garage Underwriter for quoting.
• Maintaining excellent communication with producers to keep them informed about the IFG Companies' product line offerings.
• Promoting the IFG Companies' brand.
• Assisting IFG Companies' marketing efforts generally by providing feedback pertinent to the product line with respect to competitors, products, and the overall marketplace.
• Regularly traveling to meet with assigned producers to build and maintain strong relationships and ensure their awareness of IFG Companies' product offerings and appetite.

KNOWLEDGE, SKILLS AND ABILITIES

• Strong working knowledge of the Garage Coverage Form, classifications, pricing and coverage options with adherence to applicable statutory compliance requirements and corporate guidelines.
• Thorough knowledge of sound underwriting principles, policies, procedures and controls.
• Working knowledge of and contacts within the wholesale agency distribution system strongly preferred.
• Demonstrated ability to interpret and analyze data and make informed, calculated risk decisions.
• Strong computer skills (Excel, Word and SharePoint), with demonstrated ability to produce highly accurate work.
• Strong problem-solving, reasoning and decision-making skills.
• Excellent interpersonal and written/oral communication skills.
• Excellent attention to detail.
• Ability to prioritize and manage multiple tasks while meeting established goals and deadlines.
• Ability to demonstrate planning and organizational skills.
• Proven team player with a positive attitude.

EDUCATION, EXPERIENCE AND CERTIFICATIONS

• Required: Minimum of three to five years of Garage underwriting experience, combined with sound knowledge of Garage coverages.
• Preferred: Bachelor’s degree in risk management and insurance from an accredited U.S. institution, or relevant work experience.
• Preferred: CPCU or insurance related designations a plus.

PHYSICAL DEMANDS

• Position is hybrid and requires the ability and the willingness to work in an IFG Companies office at least three (3) days per week if residing within one-hour commuting distance.
• Physical demands are considered those of a climate-controlled office environment with minimal physical exertion.
• Position requires prolonged sitting, extensive utilization of computers, and interactions with others in person and via phone.
• Position requires the ability and the willingness to travel when required to meet business needs.

SALARY AND BENEFITS

The salary range for this position is $85,000 to $110,000. Additionally, the position may be eligible to earn incentive compensation.

IFG Companies offers competitive compensation and benefits, currently including medical, dental, vision, 401(k), flexible spending, short-term and long-term disability insurance, life insurance, paid parental leave, vacation, and other paid time off.

EQUAL OPPORTUNITY

IFG Companies is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status or any other protected characteristic under applicable law.