Jobs · Information Technology · New Jersey

Senior Tech Uderwriter, GBU

First Insurance Company of Hawaii · Jersey City, NJ · Today
Information Technology$155k–$160k/yrFull-time

About the role

Underwrites large property and casualty accounts; evaluates and develops special coverages; rates plans for clients; assists in reinsurance transactions as required; assists managers with key property casualty underwriting and departmental workflow related issues as necessary.

Responsibilities

  • Underwrites and prices large risks, consolidated programs, mergers and acquisitions, large deductible, self insured retention programs and other alternative risk mechanisms.
  • Determines the acceptability of risks for underwriting.
  • Binds various coverages subject to authority level and answers inquiries from producers.
  • Prepares quotations and formal proposals on new and renewal business.
  • Places and binds reinsurance as needed.
  • Reviews and approves property casualty profiles and referrals as needed. In such cases, ensures that documentation is completed timely and accurately according to Regional and Corporate standards.
  • Provides technical input and guidance to property casualty underwriting staff as needed.
  • Assist Managers in addressing and resolving overdues, workflow and various clerical issues within the Unit as necessary.
  • Effectively communicates with management on all issues both within and outside the Unit as needed.
  • Interacts and coordinates activities with other departments (e.g. Claims, Loss Control, Client Solutions, and Accounting). Working in coordination with Corporate and other underwriting departments as necessary.
  • Recommends new procedures and programs where warranted.
  • Furnishes intelligence on large account market, including competitor strengths and weaknesses.
  • Responsible for complying with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities at Company.

Qualifications

  • College degree preferred or equivalent.
  • At least ten years of underwriting experience in property/casualty insurance underwriting with five or more years in large (casualty accounts).
  • CPCU or related designation preferred.

Pay

Salary range $155,000 to $160,000. Ultimate salary offered will be based on factors such as applicant experience and geographic location.

Benefits

  • Comprehensive benefit package, which includes a generous 401K match.
  • Bonus eligibility on top of base.
  • Focus on continued growth, new products, people development and internal career opportunities.

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