The Commercial Auto Underwriting Specialist is responsible for providing three forms of support for the commercial auto line of business, including enhancing operational excellence, contributing technical expertise and maintaining regulatory compliance.
Responsibilities
Operational Excellence:
In coordination with the Regulatory Unit, ensure the timely approval or adoption of commercial auto filings.
In coordination with Underwriting Operations and Insurity, ensure that new or amended rates, rules and forms are supported in policy writing systems in an accurate and timely fashion.
Develop and maintain reference materials related to Operational Excellence, Technical Expertise and Regulatory Compliance.
Review and coordinate payment of quarterly CLAD/Integon invoices.
Technical Expertise:
Monitor the availability of rates, rules and forms by underwriting company and jurisdiction, identify gaps, and recommend solutions.
Assist with the development of proprietary rates, rules, forms, and programs as requested.
Coordinate the periodic review on loss cost multipliers.\
Respond to internal inquiries regarding filed rates, rules, forms and policy writing systems.
Complete research as requested.
Regulatory Compliance:
Ensure that all new or amended rates, rules and forms comply with jurisdictional requirements.
Analyze circulars and bulletins published by ISO, state rating bureaus, APCIA or State Departments of Insurance and make necessary changes to filed products, systems or processes.
Respond to Segment inquiries related to jurisdictional compliance.
Respond to inquiries or criticisms from Rating Bureaus and Departments of Insurance.
Manage the electronic DMV reporting process in partnership with Information Systems and Underwriting Operations.
Demonstrate commitment to Company's Code of Business Conduct and Ethics, and apply knowledge of compliance policies and procedures, standards and laws applicable to job responsibilities in the performance of work.
Bachelor's degree or 10 years of commercial auto underwriting experience
5 or more years of commercial auto underwriting experience
2 or more years of experience rating and issuing commercial auto policies
Thorough understanding of ISO commercial auto coverage forms, rules and rating plans
Thorough understanding policy processing requirements, including policy forms, premium, taxes and surcharges, auto identification cards and electronic coverage confirmation
Strong organizational skills with the ability manage multiple priorities
Strong research and analytical skills, with the ability to translate findings into decisions and recommendations
Demonstrated ability to collaborate effectively with others, internally and externally
Strong written and verbal communication skills
Proficient in MicroSoft Office
Beneficial experience:
Using the Insurity Policy Decisions policy processing system
Developing and testing specifications for policy processing systems, independently or in conjunction with others
Reviewing Circulars published by ISO, independent rating bureaus or Departments of Insurance
Developing rate and rule filings
Developing policyholder notices
Supporting group or program business
Internal Number: 2497
About PMA
PMA Companies provides risk management solutions and services, specializing in workers’ compensation and offering property & casualty insurance, in the United States.
Headquartered in Blue Bell, PA, PMA Companies is a member of Old Republic Companies. Old Republic International Corporation (NYSE: ORI) is one of the nation’s 50 largest publicly held insurance organizations.
PMA Companies includes: PMA Insurance Group, specializing in workers’ compensation, and providing other commercial property & casualty insurance products; and PMA Management Corp. and PMA Management Corp. of New England, providing results-driven TPA and Risk Services specializing in workers’ compensation and liability.
We maintain a large client retention rate of 90% or higher and a client satisfaction rate of 96% per an independent survey. At PMA, we still build relationships the "old-fashioned way."? Our clients know we care. They know we say what we do and do what we say. And they know that they can count on us to deliver tangible value to their business and to work passionately on their behalf.
