Underwriter, Small Market Management Liability - E&S/Specialty (E-Risk Services: Rockaway, NJ)

About the role

This Underwriter position will be starting off working on E&O renewals and will eventually grow to work on new business submissions as well. Position is located in Rockaway, New Jersey with a hybrid schedule: 3 days in-office at E-Risk Services and 2 days remote per week.

Responsibilities

• Analyze and review application, financial statements, company management, company prospects, industry prospects, legal structure and outstanding litigation.
• Determine proper insurance program including layer attachment, terms, conditions, pricing and alternatively decline or non-renewal of coverage.
• Serve existing and/or new accounts, including quote letter, binders, policy & endorsement issuance.
• Achieve production and loss ratio goals by analyzing premium and loss results for assigned territory by line of business through sound marketing. Promote company products and programs.
• Maintain awareness of industry trends to stay informed of new products, distribution systems, trends and competitor offerings.
• Establish and maintain effective relationships with brokers in order to generate profitable premium dollars. Accompany other underwriters to broker offices as required for marketing visits. Meet brokers to market services and ensure strong relationship to write business.
• Participate in underwriting meetings with brokers, clients and other underwriters.

Requirements

• Education: Undergraduate studies with focus in finance, accounting, economics, and/or risk management. Degree preferred.
• Experience: One or more years related experience as a D&O, EPL and/or E&O Underwriter preferred. Previous business or finance experience helpful.

Qualifications

• General knowledge of lines underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques.
• Knowledge of financial statements, financial analysis, investments, market conditions essential.
• Ability to multi-task, communicate effectively, verbally and in writing, interpersonally with individuals at various levels and groups via telephone, fax, e-mail and in person.
• Ability to analyze insurance risks to determine acceptability including policy language, various commercial rating plans and methodologies, reinsurance.
• Ability to use/learn job related computer software.
• Ability to devise business solutions to problems, implement the most appropriate, and monitor its effectiveness.

Skills

• General knowledge of lines underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques.
• Knowledge of financial statements, financial analysis, investments, market conditions essential.
• Ability to multi-task, communicate effectively, verbally and in writing, interpersonally with individuals at various levels and groups via telephone, fax, e-mail and in person.
• Ability to analyze insurance risks to determine acceptability including policy language, various commercial rating plans and methodologies, reinsurance.
• Ability to use/learn job related computer software.
• Ability to devise business solutions to problems, implement the most appropriate, and monitor its effectiveness.

Benefits

We have an array of benefits to fit your needs, including: medical/dental/vision, life insurance, short and long term disability coverage, paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company-paid pension plan, business casual attire, and more. To learn more about the benefits we offer, click here.

Pay

The national salary range for Underwriter, Small Market Management Liability - E&S/Specialty is $54,000.00-$100,500.00. The expected starting salary range for Underwriter, Small Market Management Liability - E&S/Specialty is $54,000.00 - $81,000.00.

Schedule

Normal office environment. Ability to travel locally and overnight for client meetings as needed.