Be a significant part of our unique national team! If you are a detail-oriented multi-tasker with excellent people skills, please visit with us about this fantastic opportunity. Federated Rural Electric Insurance Exchange, based in Shawnee, KS, insures the vast majority of rural electric utilities throughout the country. These electric utilities were formed as cooperatives to power mostly rural communities and empower their members. Federated provides the tools they need to fulfill their mission statements.
Federated is a niche insurance exchange created by these electric cooperatives. With less than one hundred employees nationwide, we serve 97 % of rural electric cooperatives throughout the country. Visit www.federatedrural.com to learn more about our commitment to provide superior, value-oriented insurance programs with a focus on safety, service and stability.
General Summary:
The Underwriting Manager is responsible for managing the day-to-day operations of the Underwriting Department for Federated Rural Electric Insurance Exchange and its wholly owned agency, Lenexa Services, Inc.
Essential Job Functions:
1. Responsible for managing the day-to-day operations of the Underwriting Department and ensuring that time service standards are met and the Underwriting Department is providing the utmost customer service to our Membership.
2. Responsible for running monthly Underwriting Department meetings and the training and education for all direct reports. Develops Department checklists, procedures and guidelines and ensures compliance with those. Develops and writes articles to educate our Membership to include in our quarterly Federated newsletter.
3. Answers Members coverage questions and Federated employees coverage questions. Assists VP of Underwriting with development of coverage enhancement language.
4. Responsible for logging Underwriting system bugs and enhancement requests and seeing those through from testing to implementation.
5. Responsible for oversight of internal policy audits, various state bureau reporting and regulatory changes.
6. Prices renewal accounts as assigned by the VP of Underwriting. Assists the VP of Underwriting in training Underwriters on pricing renewal accounts.
7. Responsible for traveling to national, regional and state level events, Member Outreach events and insurance and bond educational conferences as directed by the VP of Underwriting.
8. Assists the Underwriter – Specialty Risks with placement of brokered policies and bonds. Trains with outside consultants as needed to learn the brokered policy types and coverages that our Membership needs. Obtains insurance agent license. Develops and maintains strong relationships with our brokers, carries and surety companies.
Direct Reports:
Entire department
Knowledge, Skills, and Abilities:
Advanced knowledge of underwriting processes, coverages and forms.
Knowledge of state requirements for filing of rates, rules and forms.
Knowledge of National Council on Compensation and Insurance Service Organization procedures.
Knowledge of mathematical principles and practices.
Strong oral and written communication skills.
Strong analytical and detail-oriented skills.
Ability to maintain flexibility and responsiveness when faced with multiple high priority work tasks.
Ability to maintain confidentiality
Education and Experience:
Bachelor of Science degree, plus five to seven years of commercial insurance underwriting experience. CPCU or other related Institutes designations preferred. Must have some prior supervisory experience.
EEO Employer/Disabled/Protected Veteran
Pay: From $160,000.00 per year
Benefits:
- 401(k) matching
- Dental insurance
- Employee assistance program
- Flexible schedule
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- On-site gym
- Parental leave
- Professional development assistance
- Referral program
- Relocation assistance
- Retirement plan
- Tuition reimbursement
- Vision insurance
Education:
Experience:
- Underwriting: 5 years (Required)
Work Location: In person
