Middle Market Lending Specialist jobs in Kentucky

Middle Market Lending Specialist supports middle market lending activities with administrative, analytical, and client support activities. Collects and reviews middle market loan development information and prepares required analysis and documentation. Being a Middle Market Lending Specialist establishes good client relationships and potential for future referrals or cross-sell opportunities by responding to requests for information, answering questions about products, and coordinating other service resources. Performs loan portfolio tracking and generates reports to measure compliance with lending terms and policies. Additionally, Middle Market Lending Specialist keeps abreast of lending products, services, and policies. Typically requires a bachelor's degree. Typically reports to a manager. The Middle Market Lending Specialist occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Middle Market Lending Specialist typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)

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Underwriter, Middle Market - Package Lines
  • Encova Insurance
  • Louisville, KY FULL_TIME
  • The salary range for this job posting is $67,466.00 - $107,944.00 annually bonus benefits

    The above represents the salary range for this job requisition. Ultimately, in determining your pay, we'll consider your location, education, experience, and other job-related factors. Your recruiter can share more information about the specific salary range during the hiring process.

    This role will service Kentucky agents. While we may prefer candidates who reside in KY, OH or IN, we will consider candidates who are within our listed footprint. The position will either work from home or a hybrid schedule in the Columbus, Ohio office. We may hire at a senior level depending on background and experience. This underwriter will report to a Regional Vice President, Commercial Lines.

    JOB OBJECTIVE:
    The middle market underwriter reviews risks, determines acceptability, and successfully writes profitable business accounts. Within designated authority, reviews insurance applications to evaluate, classify and rate each risk to determine acceptability, coverage and pricing. Responsible for the financial performance of the assigned book of business and is expected to achieve profitable retention and new business growth. Focused on taking action to achieve results that positively impact sales and profitability while ensuring excellent customer service and timely responsiveness to independent agents for their commercial lines accounts.

    ESSENTIAL FUNCTIONS:
    1. Determine the acceptability, quality, pricing, profitability and opportunity for new and existing business.
    2. Complete thorough risk analysis on designated accounts using appropriate Encova, NCCI, ISO and industry rules, policies, procedures, and guidelines, etc.
    3. Identify, create and initiate new business opportunities within current book of business and assigned agencies.
    4. Gather and analyze information necessary to make an accurate evaluation of risk.
    5. Accept or reject commercial lines accounts that fall outside of straight through processing rules through exposure identification and risk analysis, including:
    * understanding all exposures that might cause a policy to incur losses;
    * conservatively assessing the likelihood of any exposure actually causing a loss and the probable cost if it does;
    * setting a premium that, on average, would deliver a profit after both prospective loss costs and operating expenses are covered;
    * be willing to walk away if the appropriate premium cannot be obtained.
    6. Apply discretionary pricing appropriately based on risk exposures, risk quality, loss potential, pricing model indications and your letter of authority.
    7. Determine acceptability of revision requests that fall outside straight through processing rules and communicate how the revision will be handled to the Associate Underwriter.
    8. Communicate all underwriting decisions or changes on coverage, limits, exposures and/or pricing, discussing alternatives with assigned agents as needed.
    9. Promote effective agency relationships and encourage continued use of our company products and technology.
    10. Provide support to appointed agents by serving as a resource for underwriting questions.
    11. Utilizes Encova systems to transact requests and endorsements.
    12. Utilize available resources including company underwriting guidelines, business unit strategies, and consultations with others to ensure adequate understanding of risk exposures.
    13. Prepare proposals to producers, including negotiation of terms and conditions.
    14. Ensure the proper issuance of policies, certificates, filings and notifications.
    15. Seek the guidance of management on risks exceeding assigned authority levels.
    16. Effectively utilize industry rules and guidance to ensure proper policy construction.
    17. Identify underwriting issues; recommend and develop plans for problem resolution and implement them where appropriate.
    18. Manage existing and prospective accounts by actively participating in account renewals, new business presentations as needed and discussion with agents.
    19. Participate in monitoring and analyzing growth and profitability of assigned agents; initiate actions and understand downstream impact of alternatives.
    20. Mentor entry-level underwriters and trainees to achieve profitable retention, growth and customer service standards.
    21. Serve as a resource for other team members and units.

    OTHER FUNCTIONS:
    1. Maintain an awareness of the current objectives and initiatives of Encova Insurance.
    2. Maintain an understanding of all products offered by Encova Insurance and be able to guide agents to the appropriate contact for needs outside of commercial lines.
    3. Travel to various locations to support business objectives when necessary.
    4. Perform other duties as assigned.

    KNOWLEDGE, SKILLS AND ABILITIES:
    * Minimum 2 years of commercial lines underwriting experience in package lines and/or worker's compensation in the Property and Casualty insurance market strongly preferred.
    * Bachelor's degree preferred, demonstrated significant underwriting experience may substitute.
    * Interpersonal skills are required including the ability to demonstrate professionalism, adaptability, accountability, collaboration and problem solving.
    * Insurance designations or insurance education course work (i.e. AINS-Associate in General Insurance) strongly preferred.
    * Critical thinking: Ability to assess an individual situation and select applicable rules from an array of options, resulting in the most appropriate and sustainable decision.
    * Strong oral and written communication skills.
    * Knowledge of underwriting laws and rules and their application.
    * Knowledge of policy and procedures regarding risk administration and risk management, underwriting and loss control.
    * Knowledge of the insurance industry and the business environment in which it operates in order to develop an effective business strategy and remain technically current.
    * Thorough understanding of business exposure calculations, classifications, experience rating or other plan modifications.
    * Ability to develop and implement account, territorial, producer and book strategies to acquire and retain business.
    * Ability to work effectively in a team environment.
    * Ability to use logic and reasoning to identify strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
    * Ability to identify complex problems and review related information to develop and evaluate options and implement solutions.
    * Ability to make sound decisions after considering all facts, potential risks, customer needs and alternative solutions.
    * Ability to initiate and build relationships and tailor services to meet customer needs.
    * Ability to present ideas and information to individuals and groups in a clear, concise, influential, organized and diplomatic manner and address concerns or needs.
    * Ability to adjust priorities based on changing situations.
    * Ability to effectively manage multiple assignments while meeting established guidelines.
    * Proficient in Excel.

    This position has been evaluated in accordance with the Americans with Disabilities Act. Encova Insurance makes every effort to reasonably accommodate disabilities to permit performance of the essential functions and candidates who need such accommodation are encouraged to seek it. This description reflects the nature and level of work performed by associates in this position. It is not an all-inclusive inventory of duties, responsibilities and qualifications required. It provides an accurate overview of the work and skills needed to perform this position. Because job content may change from time to time, Encova Insurance reserves the right to add and/or delete functions from this job as it deems necessary for business reasons.

    Ready to join our team?
    At Encova Insurance, we firmly believe that our associates drive our company's success by delivering unrivaled service to our customers. With success in mind, we make an ongoing effort to provide an environment that offers challenging, stimulating and financially rewarding opportunities.

    Join us to discover a work experience where your diverse ideas will be met with enthusiasm - where you can learn and grow to your fullest potential.

    What you can expect from us
    Join our family of industry leaders, and let us reward you with a competitive salary, bonus and benefits package that includes but is not limited to: a 401(k), wellness programs, bonus incentive plans and flexible schedules, with an early close of the office every Friday. Additionally, Encova aspires to be an outstanding corporate citizen in all the markets we serve; we encourage and support associate participation in community initiatives through our foundations.

    Encova Insurance is an EOE/E-Verify employer.

     

  • 20 Days Ago

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Consumer Lending Sales Specialist - Full Time
  • Advance America
  • Ashland, KY FULL_TIME
  • Address: 726 Greenup Avenue, Ashland, Kentucky, United States - 41101 Bi-Lingual Spanish is a plus!! Since 1997, Advance America has helped millions of hardworking people with a variety of personalize...
  • 3 Days Ago

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Consumer Lending Sales Specialist - Full Time
  • Advance America
  • Bowling Green, KY FULL_TIME
  • Address: 2710 Nashville Road, Ste. 107, Bowling Green, Kentucky, United States - 42101 Bi-Lingual Spanish is a plus!! Since 1997, Advance America has helped millions of hardworking people with a varie...
  • 3 Days Ago

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Banker Associate - Middle Market Banking - Associate
  • JPMorgan Chase
  • Louisville, KY FULL_TIME
  • As an Associate Banker in Middle Market Banking and Specialized Industries, you will work both independently and as part of a team to introduce our comprehensive solutions to clients. You will be resp...
  • 19 Days Ago

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Banker Associate - Middle Market Banking - Associate
  • JPMC Candidate Experience page
  • Louisville, KY FULL_TIME
  • As an Associate Banker in Middle Market Banking and Specialized Industries, you will work both independently and as part of a team to introduce our comprehensive solutions to clients. You will be resp...
  • 16 Days Ago

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Mortgage Loan Originator
  • iServe Lending
  • Louisville, KY FULL_TIME
  • Summary of Duties: The Loan Originator position requires maintaining minimum production standards, progressing towards exceeding those minimums. _______________________________________________________...
  • 20 Days Ago

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Branch Manager
  • OneMain Holdings, Inc.
  • Sioux City, IA
  • OneMain Branch Managers set the foundation of great direct customer experience critical for "Lending Done Human." Branch...
  • 3/28/2024 12:00:00 AM

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Branch Manager
  • OneMain Holdings, Inc.
  • Beaufort, SC
  • OneMain Branch Managers set the foundation of great direct customer experience critical for "Lending Done Human." Branch...
  • 3/27/2024 12:00:00 AM

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Branch Manager
  • OneMain Holdings, Inc.
  • Marietta, OH
  • OneMain Branch Managers set the foundation of great direct customer experience critical for "Lending Done Human." Branch...
  • 3/27/2024 12:00:00 AM

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Customer Experience Associate (Remote)
  • Maid Sailors Cleaning Service
  • New York, NY
  • About Maid Sailors Maid Sailors is a top-rated residential cleaning service in New York City. Our goal is to provide an ...
  • 3/26/2024 12:00:00 AM

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Retail Operations Manager
  • Beacon Credit Union
  • Lynchburg, VA
  • Role The primary purpose of this position is to assist Beacon Credit Union to live out our mission, "Dedicated to our Me...
  • 3/26/2024 12:00:00 AM

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Indirect Lending Specialist
  • Industrial Federal Credit Union
  • Lafayette, IN
  • Job Description Job Description Role: Loan administrator duties. Originates and process loan applications. Provides loan...
  • 3/26/2024 12:00:00 AM

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Credit Union Call Center Representative
  • Contemporary Staffing Solutions
  • Knoxville, TN
  • Job Description Job Description Contemporary Staffing Solutions is seeking a Consumer Lending Specialist to join our cli...
  • 3/26/2024 12:00:00 AM

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Remote Lending Specialist
  • Ponca City Development Authority
  • Ponca City, OK
  • We are HIRING for professional Call Center Representatives to work closely with other team members to provide outstandin...
  • 3/25/2024 12:00:00 AM

Kentucky (/kənˈtʌki/ (listen) kən-TUK-ee), officially the Commonwealth of Kentucky, is a state located in the east south-central region of the United States. Although styled as the "State of Kentucky" in the law creating it, (because in Kentucky's first constitution, the name state was used) Kentucky is one of four U.S. states constituted as a commonwealth (the others being Virginia, Pennsylvania, and Massachusetts). Originally a part of Virginia, in 1792 Kentucky became the 15th state to join the Union. Kentucky is the 37th most extensive and the 26th most populous of the 50 United States. Ke...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Middle Market Lending Specialist jobs
$52,490 to $64,574

Middle Market Lending Specialist in Austin, TX
Based on our compensation data, the estimated salary potential for Middle Market Lending Specialist will increase 16 % over 5 years.
January 12, 2020