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.