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Commerical Underwriter

Ace Hardware Corporation Oak Brook Full-Time
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The Job

The Commercial Underwriter’s focus will be to provide assistance in the overall underwriting of the Ace Hardware Insurance Program, including prequalification of new business, validating renewal exposures, risk qualifications and pricing; and assist the Ace Insurance Agency (AIA) team in achieving its servicing and sales goals with a variety of underwriting and workflow responsibilities.

What you’ll do

  • Underwrite and competitively price new business risks that fall within agency’s risk tolerances and program guidelines.
  • Evaluate New & Renewal policies (within personal authority level)
  • Monitor renewals so they are completed, issued and the policies are received by AIA at least 30 or more days prior to the renewal date.
  • Order and evaluate various reports to determine future underwriting actions including: renewing a risk with no changes, coverage modification and non-renewals. 
  • Report types: Inspections, Building Valuations, MVR's, Loss Runs, X-Mod worksheets and other UW related reports, including non-renewals using ODEN software.
  • Complete and/or assist with additional projects or assignments as requested by the General Manager or UW Team Leader.
  • Obtain New and Renewal Cyber, EPL, D&O, Flood, Wind & Quake quotes from markets outside the Ace Hardware Insurance Program.

What you need to succeed

  • BA/BS degree in Business or Insurance with at least three years of Property/Casualty insurance underwriting experience.
  •  Without a degree the candidate will need a minimum of five years of Property/Casualty underwriting experience and currently pursuing an AU or CPCU insurance designation. (To be completed within one year of employment)
  • The candidate will need to possess a demonstrated technical knowledge of commercial lines underwriting,
  • Detail oriented, organized and able to handle multiple tasks to meet deadlines.  
  • Ability to prepare and review underwriting information to assist in the underwriting of new & renewal small & medium Commercial business
  • Strong Small Business Program underwriting acumen and experience is preferred
  • Familiarity with new, highly intuitive, commercial lines rating and data systems and providers
  • Strong organizational, time management, oral & written communication skills
  • Strong computer skills including Microsoft Excel, Word, Outlook and Publisher; strong Excel and Word skills a must (Intermediate to Advanced)

We want to hear from you!
When most people think of career opportunities with Ace Hardware, they often think of the helpful cashiers and sales associates at their local store. However, have you also considered the people behind the scenes who select, promote, ship and process the invoices for more than 75,000 products? Maybe you haven't, but we'd like you to. Because together we help our customers take care of their homes. Come find out why a career with the Ace Hardware Corporation is one of America's best kept secrets.

Equal Opportunity Employer
Ace Hardware Corporation and its subsidiaries are committed to a policy of promoting equal employment opportunities. The company recognizes the importance of diversity and leveraging the skills and talents of all people to the mutual advantage of each individual and the organization. The company is committed to the prevention of employment discrimination related to race, religion, color, sex (including sexual harassment), gender identity, national origin, age, marital status, disability and military discharge, or any other action covered by federal or state laws.

 

Skills required

Negotiation
Business Acumen
Problem Solving
Team Building
Decision Making
Performance Management
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Job ID: REQ-04807

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We are your local hardware store and we are a part of your community. Over 4,924 of Ace's 5,024 stores around the globe are independently owned and operated by local entrepreneurs. These hard working men and women are part of the fabric of your community. They are small business owners who are local and loyal...just like it ought to be. While others have become large and impersonal, at Ace, we've remained small and very personal. That's why we say a visit to Ace, is like a visit to your neighbor.

Ace stores come in all sizes and shapes based on the needs of each individual neighborhood. We have small, urban stores, large rural stores and everything in between. Ace stores offer a wide variety of paint, lawn and garden, tools, business supplies, local niche services and virtually anything you'll ever need to fix, repair and maintain your home or business. And of course, Ace is most certainly the place with the helpful hardware folks!

Founded in 1924 by a small group of Chicago hardware store owners, Ace changed the retail landscape by allowing individual stores to purchase merchandise in bulk to save money and buy at the lowest possible price. This partnership enabled even the smaller stores to compete effectively at retail despite larger stores in their market. And to this very day, Ace Hardware Corporation is still owned solely and exclusively by the local Ace retail entrepreneurs.

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