Binding Authority Underwriter

Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.

Halcyon Underwriters is seeking a Binding Authority Underwriter to join our growing team in Maitland, FL .

The Binding Authority Underwriter reviews insurance applications to evaluate, classify, and rate individuals and groups for insurance and accepts or rejects applications.

How You Will Contribute :

• Examine documents such as application forms, inspection reports, insurance maps, and medical reports to determine degree of risk from such factors as applicant financial standing, age, occupation, accident experience, and value and condition of property.
• Review company records to determine amount of insurance in force on single risk or group of closely related risks and evaluate the possibility of losses due to catastrophe or excessive insurance.
• Underwrite or broker risks, ensuring that all required information is obtained, proper applications are completed, quotes and binders are confirmed in writing, policies are issued promptly and accurately, state filings (where applicable) are made, and taxes paid in accordance with appropriate state laws. Secure payments on risks bound or written.
• Review, analyze and underwrite risks submitted by Producers, rate submissions for premium and terms, analyze exposures for quotes for new and renewal business, issue written indications, quotes and binders; use inspection companies to obtain further information, quote rates, or explain company underwriting policies.
• Market and meet with retail agency customers to develop business and cultivate relationships in an effort to grow a book of business.
• Understand and extend Company facilities, utilizing binding authorities or brokering risks when required to successfully negotiate a placement; be responsible for your underwriting results.
• See that coding on specific required forms are completed and utilized.
• Service and perpetuate existing business, produce new business, and have a keen awareness of priorities.
• Instruct and train processors and assistants, review indications, quotes, binders, submissions, and policies for completeness and accuracy.
• Provide guidance and training to the processors and assistants, to enable them to reduce the underwriter's clerical workload, and to develop basic underwriting and brokering skills and techniques.
• Foster and improve relationships with other departments, producers, companies and competitors.
• Work closely with Team Leader to improve your competence and submit production and marketing plans outlining new programs or methods of improving existing ones.
• Confer with the Team Leader before underwriting or brokering unusual or unfamiliar coverages or manuscript forms.

Licenses and Certifications :

Skills & Experience to Be Successful :

LI-AK1

Teammate Benefits & Total Well-Being

We go beyond standard benefits, focusing on the total well-being of our teammates, including :

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 Yourself

As 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".