Job description

Job Position Description

POSITION TITLE: Underwriter- Preferred Property Program

REPORTS TO: Department Supervisor and EVP of Program Business
SUMMARY:

This position is responsible for the underwriting, rating, binding and servicing of accounts in a prompt, courteous and professional manner. This includes providing the necessary support to the overall production and profit objectives of the program.

ESSENTIAL FUNCTIONS:

• Maintain up to date on all PPP department’s and carriers’ procedures.
• Maintain up to date on all items in Preferred Property Program’s Underwriting Guidelines (including underwriting and rating changes).

• Refer accounts to carriers when risks fall outside the underwriting box.
• Respond to all brokers inquires and quote requests in a professional and timely manner.
• Review and process all incoming mail for assigned accounts.

• Document all correspondence and phone calls in our agency management system.
• Underwrite accounts to ensure compliance of our guidelines; and discuss risks “outside the box” internally for possible referral to carrier(s).
• Market accounts as needed and follow up for status of quotes to make sure “need by date” target dates are met.
• Review bind requests and binding documents received from brokers, to assure adherence to the program requirements.
• Bind/Request policies issuance as requested by broker.
• Process legal notice of non-renewal or cancellation (as need); while adhering to all state and company rules.
• Maintain positive relationships with appropriate company representatives through proper contacts and effective communication.
• Provide assistance to our Tech Support team, Underwriting Assistants and company Underwriters as necessary in preparation of policy or endorsement processing.

2

• Respond to Live Chat system inquiries.
• Able and willing to travel (1-2 times per year or as required by management).
• Share new company information/changes with department.
• Adhere to all ethical and State Insurance Department guidelines and procedures.
• Participate in seminars and other training to maintain required licenses (minimum 45 days prior to expiration); or for overall knowledge and skill development.
• Report to manager needs for updates to websites, letters and training.
• Perform other duties as requested at the discretion of management.

QUALIFICATIONS: * Education: college degree preferred. High school diploma or equivalent is required.

• Valid New Jersey Property & Casualty Producer license is preferred.
• Knowledge of Commercial Insurance and Products is essential.
• Knowledge of computer systems and operations.
• Able to travel.
• Good listening, writing and overall good communication skills a must.
• Good attention to detail a must.
• Professional designation is a plus.

My signature below certifies that I have reviewed and understand the responsibilities of this position and know it is my responsibility to notify management whenever these responsibilities are not being achieved.

Employee Name (PRINT)

Employee Signature Date

Job Type: Full-time

Pay: $65,000.00 - $75,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Physical setting:

• Office

Schedule:

• 8 hour shift
• Monday to Friday

Supplemental pay types:

• Bonus pay

Ability to commute/relocate:

• Holmdel, NJ 07733: Reliably commute or planning to relocate before starting work (Required)

Experience:

• Property and Casualty: 2 years (Required)
• Underwriting: 2 years (Required)

Work Location: Hybrid remote in Holmdel, NJ 07733

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