Job Description
About the job Commercial Lines Package Underwriter
Salary: $ 75,500.00
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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Job Tags
Local area, Worldwide, 2 days per week, 3 days per week,