Insurance Company Of The West Work Values

Daily Duties at Insurance Company Of The West:

• Studied various proposals and underwrote new business. • Prepared general indemnity contracts • Reviewed and Analyzed corporate and personal financial data • Determined risk and calculated premiums using actuarial data and other statistics. • Liaised with specialists to acquire additional information and reports for risk assessment, Obtains credit reports, makes reference checks and performs credit checks • Performed financial analysis on balance sheets, income statements and statements of cash flows • Ability to understand and analyze financial, market and economic data to identify trends and determine causes and potential impact • Maintained constructive and professional written and verbal communications with all principals, agents, brokers and clients • Conducted meetings with clients where business and financial goals are established, Negotiates terms with brokers/policy holders and draws up contracts. • Supported long and short-term business strategies. • Supported profitable growth and expense management goals. • Set up new and maintain existing financial files; bond files agency files and power of attorney files. • Responsible for completing financial reporting, including reconciling monthly production and annual audit of financial files to ensure timeliness and completeness of updates from agents and brokers • Addressed any problems or delays with clients and recommended specific measures to address potential concerns. • Developed account service strategies while balancing firm and branch objectives. • Identified, developed and evaluated marketing strategy based on knowledge of establishment objectives and market characteristics. • Maintained a working knowledge of industry structure, potential barriers to entry and solutions • Documented every aspect of the business process, activity, and operation to assure quality and assist with the internal audit process • Ensured that services, procedures and operations systems comply with industry regulations, specifications, or conditions imposed by the industry and the California State Department of Insurance • Supported and underwrote a branch book that was approximately 95% contract surety and 5% commercial surety • Specialized in mid to large sized contract accounts of all trades, with an average contract account producing 10-30 million dollars a year in revenue, with minimum working capital in the $500M dollar range and working capital equal to approximately 15% of the total aggregate program. • Under local authority, considered program support parameters of $1MM single over 3.5MM aggregate.

What they like about Insurance Company Of The West:

Organizations with strong, centralized leadership are particularly attractive to you. You require a work environment with leadership that aggressively seeks to expand and grow the business and does so in a visible and decisive manner. In general you prefer to work in an environment in which there is a strong link between leadership, its actions, and a strong set of company-wide values.

Tags

Contract Surety, Financial Analysis, Marketing, Commercial Surety, Bonds, Production, Underwriting

Skills

Reporting, Balance Sheet Responsibility, Presentation Skills, Business Analysis

These are some of the questions we asked our climbers about their experiences with Insurance Company Of The West: