What are the responsibilities and job description for the Commercial Renewal Underwriter position at Swyfft?
About Core Programs:
Core Programs (sister company to Swyfft, LLC) is a boutique program administrator that specializes in underwriting commercial package policies for habitational and habitational mixed-use risks. Our mission is simple. We help insurance agents provide top-rated coverage to their commercial property clients. This includes owners of commercial habitational properties such as condominiums, apartments, and mixed retail/residential spaces. For a decade, we’ve specialized in commercial package policies for a wide variety of property classifications. We have thousands of policyholders that span the nation.
This is a great opportunity for a motivated self-starter who enjoys the fast-paced nature of the insurance industry.
As our next commercial renewal underwriter you will be responsible for evaluating, underwriting, and managing property and casualty insurance risks for commercial clients. This role aims to ensure optimal coverage, pricing, and profitability while maintaining a high level of customer service and compliance with company policies.
This is a New Jersey based remote position. Travel to our office in Morristown, New Jersey, will be required for training and team meetings throughout the year.
Key Responsibilities: (What you'll be asked to do)
- Evaluate insurance applications and determine appropriate underwriting actions based on risk assessment and company guidelines.
- Develop and maintain relationships with brokers and clients to facilitate the underwriting process.
- Analyze risk factors and assess coverage needs for various commercial property and casualty insurance products.
- Monitor and manage an assigned portfolio of accounts to ensure profitability and retention rates meet company targets.
- Underwrite and price renewal business for apartments and condo associations.
- Review inspections, inspection recommendations, loss runs, COPE data, modeling and supplemental materials.
- Issue renewal terms, negotiate with agents, and manage retention.
- Maintain underwriting discipline and document decisions thoroughly.
- Collaborate with underwriting assistants and management to deliver excellent service.
The Successful Candidate: (what we're looking for)
- The ability to work independently in a remote environment while maintaining accuracy, speed, and underwriting discipline. Exceptional attention to detail and ability to multitask is required.
- Excellent verbal and written communication skills, with the confidence to negotiate terms with agents and/or our carrier partners to explain underwriting decisions
- Professionalism, responsiveness, and a commitment to delivering superior service
Some Requirements:
- P&C (Property & Casualty) License is preferred.
- 5 years of Commercial underwriting experience; habitational and or property preferred
- Strong understanding of property risk drivers (wiring, roofs, plumbing, life safety)
- Surplus lines / non-admitted experience a plus.
Education:
- Bachelor’s degree or equivalent experience is preferred.
- High School Diploma is required.
Computer Skills:
- Must be proficient with MS Office and other internal insurance related programs, systems or applications. You must be good with technology and able to pick up on internal systems and programs quickly.
- Ability to communicate effectively using programs such as Slack & MS Teams.
- You are comfortable sharing screens and video chatting.
Other:
- Reliable high-speed internet connectivity required.
- Designated quiet work from home space.
The typical base pay range for this role across the U.S. is: $75,000 - $85,000 /year benefits.
There is a different range applicable to specific work locations. This salary range is a good-faith estimate of what Swyfft may pay for this position at the time of posting. Actual compensation may vary based on skills, qualifications, and experience. The range reflects annual compensation (as applicable) and does not include bonuses or other incentives that the company may choose to pay at its sole discretion.
In addition to base compensation Swyfft offers a comprehensive benefit package.
We Have a Great Benefits Package!
- Medical, Dental, and Vision
- Short- and Long-Term Disability (Company Paid)
- Voluntary Long-Term Disability
- Employee Life & AD&D (Company Paid)
- Voluntary Employee, Spouse, and Child Life & AD&D
- Healthcare, Dependent Care and Transit FSA, and Healthcare Savings Account (HSA)
- 401K with a generous matching contribution and no vesting schedule
- 20 days of PTO annually (prorated based on hire date)
- Company Paid Holidays and 2 “Choose Your Own Holidays”
It is the policy of Swyfft to provide equal employment opportunities to all employees and applicants for employment without regard to race, religion, color, ethnic origin, gender, gender identity, age, marital status, veteran status, sexual orientation, disability, or any other basis prohibited by applicable federal, state, or local law. EOE/AA/M/D/V/F.
If you require accommodations during the application or interview, please contact Human Resources at hr@swyfft.com, and we will make every effort to accommodate your needs.
Please Note: Swyfft Holdings, LLC is not accepting 3rd party agency resumes for this position, please do not forward resumes to our careers email address or Swyfft Holdings, LLC employees. Swyfft Holdings, LLC or any of it's affiliated companies will not be responsible for any fees related to unsolicited resumes.
Salary : $75,000 - $85,000
