SENIOR UNDERWRITER-REMOTE

Company: Aegis General Insurance Agency
Location: South Hackensack
Posted on: September 21, 2024

Job Description:

Senior Underwriter - Aegis Executive RisksAegis Executive Risks, a subsidiary of K2 Insurance Services, LLC, an exclusive underwriting manager of customized management liability products for private and nonprofit entities, seeks a full-time Senior Underwriter to join its team remotely. Aegis Executive Risks offers the opportunity to join an established company in growth mode. Our compensation program includes competitive pay; bonus plan; medical, dental, and vision insurance; paid time-off in year of hire; and 401(k) with employer match. Salary Range: 100,000-120,000 USD per year Responsibilities:

• Works with Lead Underwriter to oversee production, underwriting, and profitability of book of business (new business and renewals) as to meet or exceed annual production and profitability targets;
• Accountable for reviewing assigned new business submissions to verify that the risk qualifies, that all required underwriting documentation has been obtained, and that appropriate pricing has been determined;
• Ability to analyze loss runs and calculate loss ratios. This skill set needs to be used when underwriting and quoting new business and renewals;
• Will prepare referrals on accounts outside of their authority and send to Lead Underwriter for review and approval for release or submission to Company; May handle direct referrals to Company, particularly as tenure is attained.
• Achieve new business hit ratio and renewal retention goals;
• Assist in technical training to new underwriting team members to ensure that all risks conform to AER underwriting guidelines and file documentation requirements;
• Coordinate with UW Support to issue error free policies and endorsements. Review and analyze complex policies.
• Participate in new business development in accordance with the Programs business plan;
• Establish and maintain strong relationships with assigned production sources to ensure client retention and foster strategic alliances;
• Continue establishing strong Carrier relationships to ensure their confidence in your underwriting skills;
• Begin working with Lead Underwriter to participate in enhancing AERs profile, including participating in broker marketing calls;
• Meet performance standards for response time, quoting, binding, issuance, endorsements, and other underwriting level responsibilities;
• Work toward becoming a subject matter expert regarding primary and excess private/nonprofit entity coverage and emerging issues in the management liability space. Qualifications:
  • Excellent written, verbal, and interpersonal skills;
  • Strong analytical skills;
  • Solid computer skills and ability to independently use Microsoft Office Products;
  • Strong negotiation skills combined with the ability to close new business opportunities;
  • Flexibility for 0%-20% business travel.Experience / Education:
    • Bachelors Degree, in Business, a related field, or equivalent education preferred;
    • CPCU or ARM designation a plus;
    • 2 or more years insurance underwriting experience required in management liability related segments. Compensation details: 100000-120000 Yearly SalaryPI3708cf455335-26289-35605228

Keywords: Aegis General Insurance Agency, Hackensack , SENIOR UNDERWRITER-REMOTE, Other , South Hackensack, New Jersey