SENIOR UNDERWRITER-REMOTE
Company: Aegis General Insurance Agency
Location: Teterboro
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 , Teterboro, New Jersey
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