Wholesale Underwriter

Wholesale Underwriter

Property & Casualty Insurance

Burlington County, NJ

This role entails assessing and evaluating applications for insurance placement. It requires utilizing knowledge and making independent judgments to establish the eligibility of risks in relation to the available program guidelines. The position involves communication with companies and brokers through various channels, including phone calls, emails, regular mail, and in-person meetings. Responsibilities include reviewing applications for insurance coverage, analyzing reports from loss control consultants, and gathering other relevant information to determine if the application aligns with the available programs. The experience of a risk is measured against the corresponding category of business being assessed. Additionally, the potential for loss due to catastrophes, severity, and frequency is evaluated. The role may involve rating policies or verifying the appropriate rating of previously evaluated policies. Familiarity with automated systems is leveraged to generate information for both new and renewal policies. The position includes preparing quotes for agents and responding to inquiries from agents, policyholders, or prospects. Assistance is provided to agents regarding application inquiries and the likelihood of acceptance by the company. Requests for cancellations, endorsements, and policy renewals are also reviewed. More documentation may be requested if needed to process an application, endorsement, or cancellation. Marketing visits to agents are part of the role as well.

Qualifications:

A Producer's License is required along with over three years of insurance experience and prior exposure to underwriting activities. Basic computer skills are necessary, as are strong oral and written communication abilities. Candidates should possess excellent analytical skills and a keen attention to detail. Resourcefulness and assertiveness are important traits for success in this role. Demonstrated negotiation skills are essential, along with a solid understanding of insurance coverage forms and their practical application. Familiarity with departmental regulations and policies is required. The ability to work independently and complete assignments within the provided guidelines, established routines, and accepted underwriting standards is crucial. Strong interpersonal skills are necessary for collaborating with staff and company underwriters. Experience with standard underwriting practices and procedures, along with relevant coursework or industry licenses or designations, is preferred.