Job Description

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

What You’ll Do

• Manage the underwriting of the entire policy portfolio including Package, ISO BOP, WC, Auto and excess lines of coverage in accordance with the agency/fronting carriers growth, retention, rate, profitability and premium goals.

• Work with fronting carrier to identify potential agency guideline deficiencies and opportunities.   Champion coverage and rate changes once identified and determined necessary, with fronting carrier and agency management.

• E valuate new and renewal exposures, limits, and issued policies to ensure compliance with underwriting guidelines and state regulations.

• Manage policy referral to fronting carrier process to ensure completeness of submissions, complete understanding of issues necessitating referral, and timeliness of fronting carrier response.

• Work with agent to ensure renewals are completed, issued and the policies are received by the agent 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.

Required Skills

• The candidate will require a BA/BS degree targeting Business or Insurance

• 3+ years of Property/Casualty insurance underwriting experience and possessing or currently pursuing a CPCU.

• Without a degree the candidate will need 5+ of Property/Casualty underwriting experience and currently pursuing an AU or CPCU insurance designation.

• The candidate will need to possess a demonstrated technical knowledge of commercial lines underwriting, be 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

• A self-starter with a high level attention to detail, accuracy, and data integrity

• Be willing to learn and work in a fast-paced environment, multi-task, and make quick decisions while maintaining underwriting integrity, yet maintain standards of quality and quantity of output as established by management

• Ability to collaborate and work well within a team structure

• 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)​

​#LI-AC1

Compensation Details:

$72900 - $91300 per year

Why should you join our team?

We live our values - W.E.L.I.G.H.T (Winning, Excellence, Love, Integrity, Gratitude, Humility, and Teamwork). Gratitude. Humility. Love. You don’t often see values like these in most corporate statements, but Ace is different. These things are important to us. They represent our commitment to the company, our employees, to Ace retailers and to the Ace brand.

In addition to providing our employees a great culture, Ace also offers competitive benefits* that address life’s necessities and perks, many of which expand and improve year after year, including:

• Incentive opportunities, based on role/grade level (rapid company growth over the past 5 years resulted in incentives being paid out at an average of 122% of your target opportunity!)
• Generous 401(k) retirement savings plan with a fully vested matching contribution the first year in addition to quarterly contributions and annual discretionary contribution (once eligibility requirements have been met). Over the past 5 years, company contributions (matching, quarterly & discretionary) for fully eligible employees have averaged 9.6% of total eligible compensation
• Comprehensive health coverage (medical, dental, vision and disability – up to 26 weeks short-term disability and long-term disability ) & life insurance benefits for you and your dependents
• 21 days of vacation immediately available (prorated in the first year) and up to 6 paid holidays depending on the month of hire
• Company Car, phone and fuel card are provided for field-based positions
• Your career at Ace is more than just a job. It’s a chance to be part of something meaningful. We help locally-owned businesses thrive and make an impact in their communities – and we support our employees in doing the same by offering an annual Ace Cares Week, 20 hours off work per year to volunteer at an organization of your choice, opportunities to help Children’s Miracle Network Hospitals and the Ace Helpful Fund through the Ace Foundation
• Ace invests in every employee we hire, with a key focus on development and coaching. We offer on-site classes, facilitator-led courses, and a generous tuition assistance program, plus a performance management approach that goes beyond the typical annual review
• We know the work environment matters. That’s why Ace holds frequent campus events like Employee Appreciation Week, vendor demos, cookouts, and merchandise sales
• We bring them to you! Services such as mobile spas, auto maintenance, car wash and detailing, dry cleaning, dentists, eye doctors, flu shots, recycling and more!
• Employee discounts on Ace merchandise (including top brands like Weber, Traeger, Yeti, Craftsman, DeWalt and more), travel, fitness, computers and thousands more
• Birth/Adoption bonding paid time off
• Adoption cost reimbursement
• Employee Assistance Program (EAP) – access to free visits to therapists and lawyers, guidance on financial matters, elder and childcare, and assistance with tickets to entertainment events
• Identity theft protection

* Benefits are provided in compliance with applicable policies.

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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 is 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 or veteran status, sexual orientation or any other action covered by federal or applicable state/local laws.

Disclaimer

The pay range for this position starts as listed in the job posting, but could be higher based on education and experience. Please note, compensation decisions are dependent on the facts and circumstances of each opening. We take into consideration the minimum requirements outlined in the job description, such as an individual’s education, training and experience, the position’s work location, required travel (if any), and external market conditions when determining the final salary for potential new hires.

Be aware that salary estimates published via alternate online job boards may not be a true representation of the actual pay range offered for this position. Please refer to the Ace position description for the accurate starting pay range information and feel free to discuss this with a Talent Acquisition professional if you are chosen to move forward with an interview.

This written “Position Description” is not intended to cover all aspects of the position listed. It is meant to cover the basic/general essential job functions of a particular position. Ace Hardware Corporation reserves the right to change job duties, including essential job functions, according to business necessity.

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