Associate Underwriter-P&C Insurance

Jencap; Red Bank (NJ); On-site; USD 55,000 - 85,000; Full time

Benefits offered by this job

Health care coverage

401k plan

Tuition reimbursement

Job summary

Jencap in Red Bank, NJ is seeking an Associate Underwriter to review, market and price for new and renewal applications, endorsements, and related documents within our authority. The role supports underwriters and agents to ensure timely delivery and servicing of all accounts.

This in-office position requires a Bachelor's degree (preferred), 2–5 years of related insurance experience, solid knowledge of insurance concepts, and strong communication.

Qualifications

• Bachelor’s Degree preferred.
• 2-5 years of similar related job experience in the insurance industry.
• Functional knowledge of product offerings, insurance concepts, practices and procedures.
• Strong communication skills and drive for customer excellence.
• This role will be an In-Office position.

Responsibilities

• Develop the ability to perform risk selection and analysis by examining and evaluating documents to determine risk and market selection.
• Build relationships with agents through in-house placement of new business.
• Effectively communicate with agent or broker clients, company underwriters, internal staff and management to obtain information, quote rates, and servicing existing accounts.
• Connect with carrier underwriters to learn coverage, guidelines, and technology.
• Maintain renewal book of business/premium as required.
• Address workload within quality, productivity and service standards as established by guidelines.
• Provide timely responses to questions posed by brokers, clients, underwriters and staff.
• Perform special projects as needed.

Skills

Communication skills

Customer service

Relationship building

Attention to detail

Education

Bachelor's degree

Job description

Why Jencap? We are one of the largest wholesale insurance intermediaries in the United States with expertise in wholesale brokerage, binding authority, and program management. The common thread woven throughout our success story is our collaborative and driven team of people. Our teams are empowered and work together to find solutions. We have a passion culture – with teamwork, collaboration and a focus on growing individuals and giving them the tools & development opportunities to have a successful career.

TheAssociate Underwriter reviews, markets and prices for new and renewal applications, endorsements, and related documents within company/agency granted authority. The Associate will support underwriters and agents to ensure delivery, follow-up and servicing requirements of all new business and renewal accounts.

This position will be an in-office role in our office in Red Bank, NJ.

Responsibilities:

• Develop the ability to perform risk selection and analysis by examining and evaluating documents such as application forms, inspections reports, financial reports, product brochures, company referral agreements, and other pertinent documents to determine the degree of risk, underwriting and market selection.
• Build relationships with agents through in-house placement of new business.
• Effectively communicate with agent or broker clients, company underwriters, internal staff and management to obtain additional information, quote rates, as well as servicing existing accounts.
• Connect with carrier underwriters to assist in learning coverage, guidelines, and technology.
• Maintain renewal book of business/premium as required.
• Address assigned workload within quality, productivity and service standards as established by the company/underwriting guidelines.
• Appropriate and timely response to questions posed by brokers, clients, underwriters and other company personnel.
• Special projects as needed.

Requirements:

• Bachelor’s Degree preferred.
• 2-5 years of similar related job experience in the insurance industry.
• Functional knowledge of product offerings, insurance concepts, practices and procedures.
• Strong communication skills and drive for customer excellence.
• This role will be an In-Office position.

The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, geographic location, and other factors. Discretionary incentive compensation may be awarded. Jencap also offers a range of benefits and programs, based on eligibility, which currently include but are not limited to; comprehensive health care coverage, a 401k plan, and tuition reimbursement. Jencap is an emerging and rapidly growing leader in the industry and as such, we approach talent acquisition as an opportunity to identify the best talent. Therefore, the level of the role and compensation may vary depending upon the best available candidate.

Want the opportunity to build something new? Expand your knowledge and stretch your experience through new and emerging risks? Have your voice heard, your skills properly applied, and to add tangible value to an organization? You’re in the right place.

Jencap is dynamic, bold, tenacious, and trusted in the industry. Here, you are not just one of the many, you are one of us. We truly are better together.

Jencap is an E qual O pportunity E mployer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin or citizenship status, sexual orientation, gender identity or expression, pregnancy, marital or familial status, disability status, medical condition, genetic information, military or veteran status, political affiliation, or any other characteristic protected by law . We are committed to fostering a work community where every colleague feels welcomed, valued, respected and heard , as we believe that that creating an environment where every employee feels included and empowered, helps us to deliver the best outcome to our clients.