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Commercial Lines Package Underwriter

Commercial Lines Package Underwriter

CyfleEwing Twp, NJ, United States
30+ days ago
Job type
  • Full-time
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

    About theCompany :

    Cyfle is a global businessdedicated to connecting talents worldwide. Our comprehensive RPO services,placement services, and training services help businesses unlock their fullpotential.

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    Commercial Lines Underwriter • Ewing Twp, NJ, United States

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