Commercial Lines Job Description

Commercial Lines Job Description

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Commercial lines provides excellent customer service by handling clients' insurance needs and designing proper insurance and risk management services for clients, while expanding product penetration in existing businesses through cross-selling and increasing market share with new clients.

Commercial Lines Duties & Responsibilities

To write an effective commercial lines job description, begin by listing detailed duties, responsibilities and expectations. We have included commercial lines job description templates that you can modify and use.

Sample responsibilities for this position include:

Review and sign off on file referrals for underwriting staff
Review applications, renewal requests and endorsements for compliance with underwriting authority and guidelines
Support the completion of accurate financial reporting metrics by gathering information, performing data entry, verifying accuracy and collaborating with senior analysts and department managers as needed
Facilitate effective decision-making in designated area of responsibility by analyzing financial information, forecasting business, industry and economic conditions and communicating implications to senior management
Participate in the identification of information sources, testing of financial analysis models and gathering of reference information to ensure business growth and development
Support senior analysts and managers in providing guidance to senior leadership by serving as a functional and technical expert and analyzing financial performance to align budget guidelines and strategies with business requirements
Adopt the company's values in personal work behaviors, decision-making, contributions and interpersonal interactions
Support the completion of accurate financial reporting metrics
Facilitate effective decision-making in designated area of responsibility
Participate in the identification of information sources, testing of financial analysis models and gathering of reference information

Commercial Lines Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Commercial Lines

List any licenses or certifications required by the position: ID

Education for Commercial Lines

Typically a job would require a certain level of education.

Employers hiring for the commercial lines job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Education, Business, Management, Acting, Communication, Associates, Finance, Computer, Technical, Marketing

Skills for Commercial Lines

Desired skills for commercial lines include:

Underwriting
Rating
Coverages and industry operations
Colorado insurance carrier market
Industry trends
Coverage in all commercial lines insurance coverage
Legislation
New product information
Coverages and technology
Diverse insurance policies and emerging insurance trends

Desired experience for commercial lines includes:

Support senior analysts and managers in providing guidance to senior leadership
Exceptional organizational skills, math skills, attention to detail and accuracy a must
New business sales through the company's telemarketing, mail, and email campaigns
Schedule/confirm appointments with prospects
Achieve individual production goals as established by management
Assess available markets according to customer's risk profile

Commercial Lines Examples

1

Commercial Lines Job Description

Job Description Example
Our innovative and growing company is looking for a commercial lines. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for commercial lines
  • Exercises judgment within limits regarding selection, retention, classification and rating of risk and other procedural questions when consulted by underwriting personnel
  • Maintains a thorough knowledge and understanding of current Commercial Lines Underwriting Manuals, procedure manuals and technological tools used in the underwriting process
  • Reviews existing policies for policy retention and rating according to defined Company underwriting policies, regulations and state and federal laws and regulations
  • Work is performed in accordance with underwriting guidelines and rating procedures as outlined in rate manuals and supervisory directives
  • Responds orally and in writing to correspondence and inquiries from agents, Marketing management, policyholders, applicants, Claims personnel, mortgagees, loss payees and other external entities regarding applications, policies in force, coverages, rates, risk selection, policy changes and other issues requiring underwriting decisions
  • Analyzes inspections, claims reports, audits, public records, motor vehicle and credit reports on new and existing business to determine acceptability with regard to current underwriting standards and requirements
  • May represent Commercial Lines Underwriting Division in field meetings or as an expert witness in court proceedings
  • Makes recommendations to the Underwriting Advisory Committee for decision on nonrenewals, cancellations and alternate coverages or forms regarding in force commercial lines policies
  • Uses computer system and various software programs to access and retrieve information with regard to the underwriting process and interprets and analyzes that information for agents, policyholder and management inquiries
  • Works under general supervision and is accountable for quality risk selection, rating and proper classification of new Commercial Lines risks
Qualifications for commercial lines
  • Must successfully complete the provided CISR course training and/or maintain this required designation by completing various Continuing Education activities as needed
  • 2+ years of Financial Analysis and/or Modeling experience
  • Strong budget and forecasting skills
  • Must possess excellent verbal and written communication skills proficiency with Microsoft Word and Excel
  • Quote and present insurance options to customers
  • Cross sell products and additional coverage to new and existing customers
2

Commercial Lines Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of commercial lines. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for commercial lines
  • Builds and leverages strong relationships with internal partners including Territory Managers, Field Sales, Underwriting, Marketing, IT, Compliance and Claims to form consensus on and move to needed actions
  • Assist Client Account Managers in the issuance of standard computer issued certificates of insurance, manually typed certificates (Ex
  • Processes and follows up on cancellation requests to carriers to ensure accurate and timely resolution
  • Independently manage low to moderately complex projects
  • Assists in defining new product ideas and supporting the Product Development Life Cycle
  • Screen, place and process new Commercial Lines Accounts
  • Process Commercial Lines renewal accounts from expiration list including coordination with the marketing department for accounts to be marketed at renewal
  • Initiate, screen and prepare endorsement requests for Commercial Lines
  • Handle telephone, e-mail and mail requests and inquiries
  • Produce billings as required
Qualifications for commercial lines
  • Advise customers of claims and billing policies and procedures as needed
  • Track and verify completion of all policy activities
  • Update the customer data base as part of daily activities
  • Adept in processing applications, invoices, binders, certificates, and auto ID cards
  • Property and Casualty license Property and Casualty insurance license is required
  • 5 years of experience in Commercial Insurance industry, Sales or Customer Service
3

Commercial Lines Job Description

Job Description Example
Our growing company is looking to fill the role of commercial lines. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for commercial lines
  • Promote service excellence by servicing allocated producers according to agreed KPIs including action underwriting referrals within delegated authority in accordance with profit centre guidelines
  • Develop and implement strategies for commercial lines based on current trends, underwriting results, opportunities and directives
  • Establish and implement sound underwriting guidelines and pricing programs consistent with company policy and goals.- Perform normal management responsibilities
  • Review and/or obtain approval for issuance of all types of bonds
  • Process renewals and renewal applications to send to carriers or marketing department
  • Underwrite insurance risks in accordance with the business plan and the personal authority to meet business objectives including negotiating rates, terms and conditions for existing and new business, managing production and issue of contract documentation, ensuring compliance with internal and external regulations and guidelines, and ensuring contribution to the business plan and objectives
  • Responsible for varying complexity Form Drafting/Product Development in line with the construct of the Product Architecture
  • Develops solutions and action plans to address opportunities related to projects and products with guidance from a more Senior Product Manager or Product Leader
  • Participates in the delivery of strategic products and projects including structuring the project, planning the project scope, resources and budget
  • Responsible for executing on the development of short and long term product strategies within a specific line of business with supervision of leadership
Qualifications for commercial lines
  • Experience in an insurance firm (including Lloyd’s syndicates) – preferably with Non-London Market/SME experience in Motor Fleet, EL, GL, PL, Property, Combined
  • Extensive recent and relevant experience in Commercial Lines Pricing applications across multiple business lines
  • An advocate for the development of analytical approaches and the adoption of new techniques
  • Exposure to machine learning or big data techniques beneficial
  • Solid experience with data manipulation packages (SAS, SQL, WPS)
  • Experience of Emblem and Radar software, preferred
4

Commercial Lines Job Description

Job Description Example
Our company is hiring for a commercial lines. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for commercial lines
  • Applies standard underwriting guidelines to accept, reject, rescind, or modify coverage within authority limit granted
  • Analyzes the operations and exposures of different types of risks and applies standard underwriting guidelines to accept, reject, rescind, or modify assigned commercial lines business, including new business, renewals, and policy changes
  • Responds to phone calls, emails, and other inquiries regarding the issuance, rating, and acceptance of commercial lines business
  • Collaborates with more experienced underwriters and commercial lines underwriting management on questionable policy interpretation and unusual situations
  • Contributes to the pricing strategy with leadership input, product positioning and distribution strategy per each appropriate market and industry in collaboration with marketing and sales to develop clear and concise product messaging and sales tactics
  • Proactively research, provide analysis and recommendations for implementation of new product ideas
  • Maintains awareness of regulatory and compliance issues related to our marketplace
  • Act as a product expert and maintain a thorough knowledge of company product features and benefits industry product trends within a specific line of business
  • Assists in developing and delivery of information for training and product promotion to internal and external audiences
  • Order Experience Mods
Qualifications for commercial lines
  • Must be well organized with excellent math, written and oral communication skills
  • Must possess Property/Casualty Agent’s/Broker’s license
  • Bachelor’s degree in related field, certification and / or specialized training or classes
  • Previous Product Development background (preferably as a Product Analyst in Commercial Lines)
  • Sharepoint Administration knowledge is desirable
  • Assist Producer in coordinating with marketing during the marketing and quotation process
5

Commercial Lines Job Description

Job Description Example
Our innovative and growing company is hiring for a commercial lines. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for commercial lines
  • Perform rating and coding techniques
  • Order Loss Runs
  • General Scanning
  • Preparing/presenting new business quotations Creating proposals Assisting with client presentations
  • Assisting with claims processing Assisting clients with policy changes, questions
  • Communicate with brokers concerning the decisions of submissions, the explanation of new and existing products and services other data relevant to departmental activities
  • Work with brokers to obtain a saleable program for the broker/insured while avoiding adverse selection against the company
  • Review all new & renewal business to ensure that proper documentation and data collection is in the file prior to referring to underwriters or policy issuance
  • Process renewals and endorsements in accordance with bypass guidelines
  • Delivering timely and accurate policies and endorsements to agents and insureds
Qualifications for commercial lines
  • Assist clients/policyholders to resolve insurance claim issues in the event of a loss
  • Salary plus commissions plus renewals
  • Arizona Property & Casualty Insurance License
  • Must have a Bachelor’s Degree in Business, Management, Finance, Marketing, or related field or equivalent experience
  • Must have a current Texas Insurance License
  • Must have at least two years of commercial lines insurance sales or related experience

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