Underwriter (Personal Lines)
The Florida Farm Bureau Group is a wholly owned subsidiary of the Southern Farm Bureau Casualty Insurance Group. Southern Farm Bureau Casualty Insurance Company began 50 years ago with a group of Farm Bureau leaders, who shared a vision for better member service and lower insurance rates. Today, Southern Farm Bureau Casualty is a $2 billion company and is in the top if its class with an A.M. Best 'A+' Superior rating- a designation achieved by only 17 percent of property and casualty insurers in the nation. Southern Farm Bureau Casualty has become a leader in the insurance industry through innovative services and competitive products for its policy holders and an extensive training program for its claims adjusters, underwriters, and independent agents.
The Florida Farm Bureau Group consists of two domestic property and casualty insurance companies, Florida Farm Bureau Casualty Insurance Company and Florida Farm Bureau General Insurance Company. The group specializes in writing automobile, homeowners, dwelling fire, farm and business owner's lines of insurance for members of the Florida Farm Bureau Federation. The Florida Farm Bureau group maintains an A.M. Best 'A' Excellent rating, the last remaining A rated Florida domestic company.
The group ranks as one of the market leaders in private passenger auto and homeowners insurance business in the state of Florida. The group also offers three major package policies, including a country squire policy (fire and inland marine coverage on farm personal property, farm comprehensive personal liability, and an endorsement to a homeowners and dwelling package policy), a dwelling package policy, and a commercial lines package policy.
Business is marketed and serviced by a network of exclusive agents located in each county of Florida. To be eligible for insurance coverage, membership in a county Farm Bureau is required. Job Openings listed below with job description:
FLORIDA FARM BUREAU
Underwriter - Personal Lines
Reviews insurance applications to evaluate, classify, rate individuals for insurance and accepts or rejects applications by performing the following duties.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Include the following. Other duties may be assigned.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE:
Bachelor's degree and minimum of 2 to 4 years related business/insurance experience or minimum 8-10 years experience in directly related insurance work or an equivalent combination of formal college education, insurance coursework, and relevant insurance experience.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
Ability to apply moderately complex mathematical concepts. Ability to work with mathematical operations related to daily tasks.
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
The physical demands described here are representative of those that must be met by an employee in order to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and talk or hear.
Specific vision abilities required by this job include close vision and the ability to adjust focus.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all the essential duties, responsibilities and requirements of personnel.
- Determines degree of risk from such factors as applicant financial standing, age, occupation, accident experience, and value and condition of property.
- Reviews company records to determine amount of insurance in force on single risk or group of closely related risks, and evaluates possibility of losses due to catastrophe or excessive insurance.
- Writes to field representatives and other insurance or inspection companies to obtain further information, quote rates, or explain company underwriting policies.
- Declines excessive risks. Authorizes reinsurance of policy when risk is high.
- Decreases value of policy when risk is substandard to limit company obligation, and specifies applicable endorsements, or applies rating to ensure safe and profitable distribution of risks.
- Reunderwrites existing policies as needed and assigns as modified or non-renewed.
- Reviews selected policy changes and applies them to current policies.