Old Republic Bitco is seeking a Senior Underwriter to join our regional office located in Pasadena CA. As a respected specialty insurer with 11 branch offices across 10 states, OR Bitco delivers tailored insurance solutions to complex industries such as construction, forest products, and oil and gas. This position is open to a hybrid work arrangement, blending flexibility with meaningful in person collaboration.
At OR Bitco, our work is guided by core values. We care deeply about our people, partners, and customers. We are committed to excellence and accountability. We deliver on our promises with integrity and precision, and we strive to make a meaningful impact in everything we do. These values drive our mission to protect the people and industries that keep America running.
Join the OR Bitco team and be part of a workplace built on collaboration, open communication, and a positive culture that supports growth and success. If you are passionate about operational excellence and ready to make a measurable impact within a growing, industry-leading organization, OR Bitco offers the platform and challenge you have been looking for.
Position Summary :
We are seeking a detail-oriented and strategic Commercial Underwriter responsible for evaluating insurance applications and underwriting new and renewal business from an assigned group of agencies. This role requires timely, accurate decision-making and a commitment to fostering strong agency partnerships.
Primary Responsibilities:
- Decide whether to accept, decline, or modify applications or requests to sell an insurance policy and once sold, recognize and evaluate exposure changes as they occur during a policy period
- Evaluate, quote, and negotiate prices on applications from new and renewal customers and requests for changes in policies which requires an understanding of statutory requirements, ISO, company and NCCI coverage forms and endorsements and commercial line reference materials, including Best's Underwriting Guide
- Manage a group of agencies, including prospecting for new agencies, agency appointment, growth and development, maximization of agency profit sharing opportunities and credit management; evaluating agency factors, including agency personnel, line diversification, loss ratio, agency book of business, volume and profit potential and which agencies to appoint or terminate
- Solicit new business and retain renewal business through effective presentations to agency and customer audiences
- Manage and develop business in an assigned territory, including achieving profitable underwriting results, sales development and customer service functions
- Formulate, plan and achieve sales budgets, with objectives to support business planning, for assigned accounts and territory, including setting and achieving premium and loss ratio goals, agency and prospecting calls and business forecasting
- Working with a structured referral process, maintain, promote and increase profitable sales from current and prospective customer accounts through, among other activities, regular agency visits, developing agency relationships and agency reviews
- Make decisions within stated levels of authority and company guidelines, seek exceptions to guidelines as needed when supported by appropriate data
- Identify and take appropriate action on changes in customer operations or financial conditions
- Maintain and promote profitable business relationships with current and prospective customer accounts, through effective marketing, sales and service efforts
- Coordinate, promote and market claims, risk control and premium audit service plans to current and prospective customers
- Maintain knowledge of corporate, regulatory, and competitive changes in lines of business written
- Other duties assigned
Qualifications:
The qualified candidate will have experience with the following:
- Field Underwriting– 2-5 years of P&C Underwriting experience required in one or more of the following areas: Construction, Oil and Gas, or Forest Products
- Underwriting New & Renewal Business – determine pricing and understanding commercial lines policy forms and coverages
- Analyzing & Managing Exposures – Develop action plans to manage risks and changes during a policy period
- Agency Management – Growth and development; prospecting; appointment; and maximization of opportunities and responsibilities
- External Sales – Cultivate new business while demonstrating retention of current customers through presentations to agencies and customers
- Valid Driver's License with acceptable Motor Vehicle Report
Salary Range: $100,000.00-$155,000.00, commensurate with experience.
Benefits:
- Competitive salary paired with a comprehensive benefits package
- Generous paid time off, plus 12 paid holidays annually
- Comprehensive health coverage, including medical, dental, and vision plans
- Additional protection through accident, critical illness, and hospital indemnity insurance
- Company-paid life insurance equal to 2× annual salary
- Company-paid short-term and long-term disability coverage
- 401(k) Savings and Profit-Sharing Plan through Old Republic
- Ongoing education, training, and professional development opportunities
- Support for industry certifications and insurance designations, including financial assistance
- Flexible scheduling with a two-hour window for start and end times within a 7.5-hour workday
- Opportunities to give back through corporate philanthropy and community service initiatives
- Optional benefits including travel, commuter, and pet insurance
- Employee wellness support through a dedicated fitness program
