Jobs · New Jersey

Excess Casualty Underwriting Specialist

IAT Insurance Group · Jersey City, NJ · 2 mo ago
$73k–$158k/yrFull-time

Responsibilities

  • Underwrite and produce profitable business within the authority granted and consistent with company goals.
  • Maintain agency relationships, develop new relationships and recognize without bias any need to cease a relationship and contribute where possible to the amicable accomplishment, as necessary.
  • Adhere to company underwriting guidelines, processes and tools, an individual grant of authority, and appropriate regulatory and compliance requirements in the risk analysis and underwriting decision-making process.
  • Examine information such as insurance applications, websites, inspection reports, loss information, financial data and third-party data in evaluating and making appropriate risk/reward decisions.
  • Effectively express information and ideas clearly through spoken, written and electronic means.
  • Demonstrate and effectively communicate an understanding of products and services.
  • Provide prompt & courteous responses to both internal & external customers.
  • Actively engage with distribution to market our capabilities, benefits, and features, and identify new opportunities.
  • Focus on goals.
  • Effectively leverage metrics and data to improve territory performance.
  • Understand market/industry issues, trends, and competitors.
  • Perform other tasks as needed.

Qualifications

  • Must have a Bachelor’s degree and at least eight years of relevant experience or the equivalent.
  • Knowledge of Excess and Surplus is required.
  • Must possess the ability to appropriately apply loss development and advanced loss analysis concepts to achieve optimal pricing of risk.
  • Must possess the ability to creatively utilize coverage features, deductibles, or reinsurance on individual risks to achieve company objectives.
  • Requires strong math aptitude, excellent verbal and written communication, interpersonal and negotiating skills.
  • Must possess knowledge of various computer programs, internet-based programs, and PC literate in the use of spreadsheets.

Preferred Qualifications

  • Wholesale surplus lines experience.
  • CPCU, ARM, or AU industry designations.
  • INS21, 22, and 23 or equivalent.

Benefits

  • Comprehensive benefits package including 26 PTO days (entry level) + 12 company holidays = 38 paid days off.
  • 7% 401(k) company match and additional profit sharing.
  • Hybrid work environment.
  • Numerous training and development opportunities to assist you in furthering your career.
  • Healthcare and wellness programs.
  • Opportunity to earn performance-based bonuses.
  • College loan assistance support plan.
  • Education assistance program.
  • Mentorship program.
  • Dress for Your Day policy.

Pay

Annual gross salary range: $72,560 - $157,950.

Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role.

The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.

To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits.

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