Commercial Lines Package Underwriter

Commercial Lines Package Underwriter

Ewing Township, NJ, United States

$ 70,500.00 - 75,500.00 (US Dollar)

We have partnered with a large insurance company in the Trenton, NJ area to provide them with a Commercial Lines Package Underwriter. Please review the below description and let us know if you are interested.

Prioritized Must Have Skills for the Commercial Lines Package Underwriter:

#1. Must have Property and Casualty license or be willing to get.

#2. Must be local and able to come into the office three days per week - Tuesday and Wednesday mandatory.

#3. No more than three jobs in the last ten years

Responsibilities of the Commercial Lines Package Underwriter:

• Assignment of a local territory to help develop Commercial Package new business opportunities along with Auto, Workers Compensation, and Umbrella.
• Identify and capture new business opportunities using consultative marketing and sales skills.
• Manage the profitability and growth of an assigned book of business.
• Establish and maintain relationships with producers and customers to understand their needs and sell products that respond to their needs.
• Partner with the Commercial Sales Team in exceeding business growth, profitability, and retention targets.
• Negotiate renewal terms.
• Comply with all legal and regulatory requirements to ensure obligations are met.
• Assist in mentoring, training, and development of existing underwriting staff.
• Participate in department projects and perform other duties as assigned.

Requirements of the Commercial Lines Package Underwriter:

• Property & Casualty Agent/Producer License is preferred or must be willing to obtain after hire.
• Bachelors degree is preferred.
• Middle Market experience.
• Typically has a minimum of 5-8 years experience underwriting commercial package accounts.
• Extensive knowledge of Commercial Multi-line Package underwriting with a strong focus and thorough knowledge of Property and General Liability assessment, controls, rules, guidelines, pricing, rating, and coverage.
• Umbrella underwriting experience required.
• Working knowledge of Facultative Reinsurance.
• Ability to review coverage requests and independently makes risk decisions based on company appetite, guidelines, risk characteristics and levels of authority. Refers risks as required for additional review.
• Maintains thorough knowledge of applicable laws, regulations and governance, target industry and class trends, emerging market needs, issues, and competition as it related to Commercial Package.
• May support related product development ideas and intelligence.
• Experience developing broker relationships and profitable book of business for assigned local territories.
• Service-oriented self-starter possessing an excellent professional demeanor. Accountable for accurate and timely work products.
• Strong communication, interpersonal, problem solving and team building skills. Ability to work with sales, loss prevention, premium audit, product development staff and the broker community.
• High level of motivation: self-starter, ability to quickly organize materials, prioritize and coordinate tasks.
• Must be detail oriented to ensure accuracy and quality of underwriting development.
• Strong analytical skills.
• Completion of general insurance courses such as CPCU, AU, ARM or CIC are a plus.
• Proficient in Microsoft Office Suite, including Word, Excel, and PowerPoint.

Other Key Requirements for the Commercial Lines Package Underwriter:

• Hybrid 3 days per week in the office and the ability to work from home 2 days per week.
• No sponsorships or visa holders. No Corp-to-Corp.

Benefits of the Commercial Lines Package Underwriter:

• Medical Insurance
• Dental Insurance
• Life Insurance
• 401 (k) Retirement Plan

#Hybrid

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