Job Details – this job has expired, please see similar jobs below
If you're looking for an employer who provides a great place to work and opportunities to grow . . . we can show you more.
The Underwriter is responsible for using technical, sales and analytical skills to provide insurance solutions that help Company’s customers manage risk. The Underwriter will have a thorough understanding of Company’s strategies and appetites and will use internal and external data to make appropriate individual and portfolio risk decisions.
The Underwriter is responsible for the profitable growth of an assigned book of business, utilizing underwriting policies and guidelines, rating manual rules and insurance laws and regulations. The open position is located in Melville, New York reporting to the Commercial Director of Middle Market and is responsible for an Middle Market book of business.
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
Reviews applications and financial requirements for risks requiring complex underwriting skills. Determines acceptability of risk in accordance with company guidelines and standards. Also determines the need for additional evidence of insurability and appropriate strategy.
Determines appropriate pricing based on financial and competitive analysis in line with compliance requirements.
Prepares quotes and answers questions from agencies policyholders or other external contacts and escalates issues to management along with proposed solutions as necessary. Negotiates with agents to reach positive and profitable outcomes.
Notifies agencies of adverse underwriting decisions rate appeals underwriting requirements status and declinations.
Analyzes quality quantity and profitability of risks underwritten and prepares reports for management review.
Markets products and services through agencies or through the brokerage community and makes field visits. Develops and maintains agency and/or broker relationships.
May provide guidance and assistance to other underwriters and to other functional areas particularly when related to cross-sell opportunities.
Keeps current on state/territory issues and regulations industry activity and trends and freely shares information with others.
Utilizes advanced functionality in relevant Company systems to perform day-to-day activities.
Works with more senior underwriters or management on risks exceeding authority level or requiring special handling.
Sign up and search through 97,822 curated jobs in the Finance & Investment Edition: