Donegal Insurance Group

Production Underwriter

Donegal Insurance Group$100K — $125K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in insurance or equivalent experience
  • 8 years of underwriting and marketing experience
  • 5 years of underwriting experience specifically in commercial lines
  • Professional designations such as CPCU, ARM, PLU preferred
  • Strong business relationship development skills
  • Willingness to travel 2-3 days a week within the designated territory
  • Knowledge of the Indianapolis/Indiana market and existing agency relationships

Responsibilities

  • Develop relationships with key agents and provide underwriting guidance
  • Select and price coverage terms for commercial accounts
  • Manage a territory of independent agents to meet profitability goals
  • Review new business applications to assess risk
  • Accept or decline risks according to underwriting policies
  • Ensure application completeness and contact agents for additional information
  • Maintain a profitable book of business using sound judgment

Benefits

  • Medical, Dental, and Vision coverage for employees and dependents
  • 401(k) plan with generous matching contributions
  • Paid Time Off including vacation, sick days, and holidays
  • Career development opportunities including education reimbursement
  • Company-paid life insurance and disability insurance
  • Employee stock purchase plan and assistance program
Full Job Description
About the Role

Donegal Insurance Group has an opening for a Production Underwriter in the state of Indiana. As a member of our Commercial Lines team, this position will play a key role in generating new commercial lines business opportunities within a given territory. This is a full-time, remote position. The preferred candidates will live in the Indianapolis area.

Responsibilities and Duties
  • Develop strong business relationships with key agents and provide underwriting guidance to the agents.
  • Select, price, and develop coverage terms for commercial lines accounts to achieve profitable underwriting results and assist with providing leadership, support, and coaching for the underwriting function
  • Manage a territory of independent agents to ensure that profitability and growth objectives for the company are being met
  • Review new business applications to evaluate the degree of risk involved
  • Accept or decline risks based on the company's underwriting policies
  • Review application for completeness
  • Contact agents for missing or incomplete information
  • Maintain a profitable book of business within assigned levels of authority by using sound underwriting judgment and technical skills, and continued personal development to meet the company goals of quality and timeliness
  • Interpret insurance coverages for agents and insureds
  • Maintain and establish a good working relationship with agents and communicate underwriting decisions to agents and insureds

Qualifications and Skills
  • Bachelor's Degree with a background in insurance or equivalent experience
  • 8 years of underwriting and marketing experience at a company or agency level with a minimum of 5 years of underwriting experience should be in the commercial lines sector of insurance
  • Demonstration of self-development through the attainment of professional insurance designations, CPCU, ARM, PLU, etc.
  • Ability to create business opportunities by demonstrating excellent underwriting skills and product knowledge. Must possess a value-added service mentality
  • The expectation is this employee will travel 2 to 3 days per week to visit agents in the designated territory.
  • The preferred candidate will have a working knowledge of the Indianapolis/Indiana territory and established Property/Casualty agency relationship.

Starting Pay: The pay range for this position is $100,000 to $125,000 annually. The specific offer will vary based on an applicant's education, qualifications, professional experience, skills, abilities, and any applicable designations/certifications. The posted pay range reflects our ability to hire at different position titles and levels depending on background and experience. The pay range may also be adjusted based on an applicant's geographic location.

Performance-Based Incentive Opportunity: In addition to base salary, this position is eligible for a performance-based incentive opportunity tied to results within the assigned territory. The incentive is based on individual performance for the territory and is not guaranteed.

To apply, please submit your resume and online application

Competitive Benefits Package

Donegal Insurance Group offers a comprehensive benefits package for all full-time, permanent positions including:
  • Medical, Dental, and Vision Coverage: Available to you and your dependents. Coverage begins the first of the month after start date.
  • 401(k) with the first 3% matched at 100%: the next 6% is matched at 50%
  • Paid Time Off: Paid vacation, sick days, paid holidays, & bereavement days
  • Career Development: Including college partnership discounts and industry designation(s) reimbursements

Additional benefits include company-paid basic life insurance; short & long-term disability insurance; employee stock purchase plan; and employee assistance program (EAP). Learn more about our full benefit offerings by visiting our Benefits page.

Work Arrangement

With each department and position being different, the work arrangement for a specific position will be reviewed with candidates during a initial phone screening. For a position not requiring an onsite expectation at one of our offices, the ideal candidate must live within our Donegal footprint. Current approved states are: AL, AZ, CT, DE, FL, GA, IA, IL, IN, MD, MI, MN, MO, NC, ND, NE, NH, NJ, NM, NY, OH, PA, SC, SD, TN, TX, UT, VA, WI, and, WV. (Please note, this list is subject to change without notice.)

About Donegal Insurance Group

Donegal Insurance Group is a regional property-casualty insurance company doing business in 26 states, headquartered in Marietta, Pennsylvania, with 2,000 employees across 8 locations. Donegal Insurance Group offers personal and commercial insurance products through a network of independent insurance agencies. The company's insurance products include personal automobile, homeowners, mobile homeowners, farmowners, commercial automobile, commercial multi-peril, workers' compensation, and other commercial lines. The company was founded in 1889 and has been publicly traded since 1986.
Learn more about Donegal Insurance Group
Size
410 employees
Market Cap
$481.4 million
Industry
Net Income
$52.8 million
Founded
1986
5 Year Trend
+3.5%
Revenue
$777.8 million
NASDAQ

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