Personal Lines Underwriter

Montvale, NJ
Full Time
NNJ
Mid Level

A Jimcor Personal Lines Underwriter uses knowledge, experience and judgment to determine the most appropriate market placement for a wide variety of Personal Lines risks.  The Underwriter is responsible for building effective and productive relationships with Jimcor’s Broker and Carrier partners to establish and grow a profitable book of business.

Essential Duties and Responsibilities:

  • Review applications for insurance coverage, reports from loss control consultants and other information to determine if a Personal Lines risk is acceptable for the program(s) available.
  • Evaluate the experience of a risk against the class of business under review.
  • Evaluate the loss potential due to catastrophe, severity, and/or frequency.
  • Rate policies efficiently, accurately, and within the guidelines of the available program(s)
  • Utilize publicly available knowledge to evaluate risk.
  • Prepare premium quotations for new business risk submissions.
  • Review requests for policy cancellations, endorsements, and reinstatements.
  • Evaluate policies for renewal consideration and recommend appropriate price or coverage adjustments based on prior policy experience.
  • Request additional documentation necessary for the processing of an application, endorsement or cancellation.
  • Promptly address inquiries from agents, policyholder, or prospects.
  • Conduct On-site marketing visits and system training, as required, at our agents’ offices. 
  • Perform other duties as assigned.

Qualifications/Requirements:

  • Must have a valid Producer’s License.
  • 3 or more years of insurance experience is required.
  • Demonstrated experience in standard underwriting practices and procedures is strongly preferred.
  • Must possess effective communication, negotiation, and computer skills.
  • Must possess strong analytical skills and detail orientation.
  • Comprehensive knowledge of insurance coverage forms and their application to exposure strongly preferred.
  • Working knowledge of applicable Insurance Department regulations and policies is required.
  • Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines and standard accepted underwriting practices is required.
  • Insurance Industry designations are preferred. 

Visit Us On LinkedIn: https://www.linkedin.com/company/jimcor-agencies/

View All Openings: https://www.jimcor.com/join-our-team

Website: www.jimcor.com

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