- Location: West Trenton, NJ
- Remote: Remote
- Type: Questpro - Contingent
- Job #20191
We are seeking an Underwriter II to work out of our Commercial Lines headquarters in West Trenton, New Jersey.
This is hybrid role working 3 days per week in the West Trenton, NJ office and the ability to work from home 2 days per week.
Job Responsibilities:
- 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 NJM’s 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.
Required Qualifications and Experience:
- Property & Casualty Agent/Producer License is preferred or must be willing to obtain after hire.
- Bachelor’s 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.