Jobs · New Jersey

Underwriter II - Lawyers' Professional Liability

USI Insurance Services · Matawan, NJ · 3 wk ago
Hybrid$56k/yrFull-time

Assess intermediate-level risks, develop and negotiate premiums, manage broker and carrier relationships, and provide appropriate insurance products to clients while generating profit in line with company goals.

Responsibilities

  • Analyze and determine the acceptability of lawyers professional liability risks under limited supervision, including evaluating applications, websites, claims history, and file notes.
  • Obtain supplementary information as needed to underwrite policies.
  • Determine the desirability of accepting or rejecting risks within program guidelines.
  • Coordinate risk assessment with the Underwriting team as needed.
  • Underwrite and price exposures in accordance with filed and approved program rate levels and guidelines.
  • Recommend and bind coverage, handle invoicing, and issue policies to completion.
  • Identify, order, and evaluate additional risk assessment information.
  • Communicate with agents to obtain supplemental underwriting information.
  • Analyze and rate endorsement requests.
  • Issue and track conditional/non-renewal notices and cancellations.
  • Adhere to regulatory compliance and maintain knowledge of policy terms and endorsements.
  • Assist manager in establishing underwriting policy and procedures.
  • Travel occasionally for educational development or client relationship building.

Requirements

  • 3+ years of professional liability underwriting experience.
  • High school diploma or equivalent required.
  • Property & Casualty and/or appropriate business licensure required for direct client service/underwriting.
  • Broad knowledge of the insurance industry.
  • Strong negotiation and mathematical skills.
  • Excellent written and verbal communication skills.
  • Working knowledge of Microsoft Office suite.
  • Proficiency in utilizing company systems.
  • Strong organizational and analytical skills with attention to detail and accuracy.
  • Strong research skills to troubleshoot customer problems.
  • Ability to travel 10% of the time.

Benefits

  • Comprehensive health, welfare, and financial benefits, including medical, dental, and vision coverage.
  • 401(k) retirement plan.
  • Flexible spending and health savings accounts.
  • Short- and long-term disability insurance.
  • Life insurance and other unique employer-sponsored and voluntary programs.
  • Generous paid time off policy, paid family leave, and paid holiday time.

Pay

Salary range: $56,000–$66,000 (depends on experience). This is a bonus-eligible position with a target incentive of 5%.

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