Binding Authority Renewal Underwriter

001 Brown & Brown, Inc; Morristown (NJ); On-site; USD 55,000 - 60,000; Full time

Benefits offered by this job

Health benefits

401k

Student loan assistance

Tuition reimbursement

Paid time off

Job summary

Brown & Brown, Inc. seeks a Binding Authority Renewal Underwriter in Morristown, NJ to process Personal Lines renewal business efficiently, review risk, and maintain profitability. The role collaborates with brokers to issue timely quotes and binders, ensure policy accuracy, and manage renewal notices.

Ideal candidates have 2–3 years in renewal underwriting, a P&C license, and a preference for a bachelor’s degree or equivalent experience. Strong confidentiality and MS Office skills are essential.

Qualifications

• High school diploma or GED required.
• Proficient with MS Office Suite.
• Exceptional telephone demeanor.
• Ability to maintain confidentiality.
• 2–3 years' experience in renewal underwriting or similar role.
• Bachelor’s degree preferred or equivalent industry experience.
• P&C license preferred or in progress.

Responsibilities

• Process Personal Lines renewal business to grow revenues and maintain retention and profitability.
• Review documents to determine risk (application forms, maps, loss experience).
• Obtain additional information as needed; accept or reject risks per guidelines.
• Ensure that quotes, binders, policies are issued promptly and accurately; handle state filings where applicable.
• Keep track of policy renewal dates and send out notices in a timely manner.
• Assist in training of other personnel as directed.

Skills

Exceptional telephone demeanor

Maintain confidentiality

2–3 years experience

P&C license

Education

High School Diploma or GED

Bachelor’s Degree or equivalent

Tools

MS Office Suite

Job description

Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers. Brown & Brown is seeking a Binding Authority Renewal Underwriter to join our growing team in Morristown, NJ. The Personal Lines, Renewal Underwriter, quotes renewal business in a timely, efficient, professional, and accurate manner, all the while being responsible for growing revenues. This position interacts with company and retail agent personnel in a diplomatic and knowledgeable manner to establish positive relationships, increase revenues, and retain policies upon expiration. In concert with other renewal underwriters, is responsible for production and profitability results of the renewal business segment of the Personal Lines department.

How You Will Contribute:

Process Personal Lines renewal business in a timely and efficient manner to grow revenues and maintain retention and profitability. Examines such documents as application forms, insurance maps, and loss experience to determine degree of risk from such factors as applicant financial standing, business operation exposure, and value and condition of property. Requests additional information, if necessary, and accepts or rejects risks in conformance with company guidelines. Underwrites renewal business by reviewing insured’s files, producing agency experience, nature and frequency of losses and prior carrier loss experience. Ensure that all required information is obtained, proper applications are completed, quotes and binders are confirmed in writing, policies are issued promptly and accurately, state filings (where applicable) are made, and taxes paid in accordance with appropriate state laws. Review inspection reports to ensure all the information provided by broker is accurate; no additional exposure other than presented. Also, advise brokers regarding recommendation and recommendation compliance. Advise brokers with adverse underwriting decisions, rate appeals, underwriting requirements, status and any non-renewal notices. Ensure that all required information is obtained, proper applications are completed, quotes and binders are confirmed in writing, policies are issued promptly and accurately, state filings (where applicable) are made. Keep track of policy renewal dates and send out notices (if applicable) in a timely manner. Service and perpetuate existing renewal business, process renewal business, and have a keen awareness of priorities. Assist in the training of other personnel as directed, not limited to instructing and training processors and assistants.

Skills & Experience to be Successful:

• Required Minimum education required a High School Diploma or GED
• Proficient with MS Office Suite
• Exceptional telephone demeanor
• Ability to maintain a high level of confidentiality
• 2-3 years' experience in a similar position
• Preferred Bachelor’s Degree (B.A) from four-year college or university or equivalent industry experience.
• Working towards or holds a valid P&C License

Pay Range 55,000.00 - 60,000.00 Annual The pay range provided above is made in good faith and based on our lowest and highest annual salary or hourly rate paid for the role and takes into account years of experience required, geography, and/or budget for the role.

Teammate Benefits & Total Well-Being

We go beyond standard benefits, focusing on the total well-being of our teammates, including: Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more. Not reflective of all benefits. Enrollment waiting periods or eligibility criteria may apply to certain benefits. Benefit details and offerings may vary for subsidiary entities or in specific geographic locations.

Equal Opportunity Employer Statement

We are an Equal Opportunity Employer, we are committed to fostering an inclusive environment comprised of people from all backgrounds, with a variety of experiences and perspectives, guided by our Diversity, Inclusion & Belonging (DIB) motto, “The Power to Be Yourself”. At Bridge Specialty Group, our unwavering commitment to unity, diversity, and individual growth sets the stage for a workplace like no other. We believe in the power of One Team, where collaboration fuels unlimited possibilities. As One Team, we are anchored in the ‘Power of Be’, a core set of behaviors, skills, and characteristics we value most. It is part of our cultural DNA, influencing how we get stuff done everyday and how we accomplish our goals, creating a link between what we do and how we do it. We are more than a global insurance wholesaler; we are a collective force of over 2,000+ teammates across 50+ locations throughout the United States and Europe. With 25+ specialized brands and access to 200+ carriers, we seamlessly connect the diverse needs of our retail partners in property, casualty, environmental, professional, workers' compensation, and personal lines. Together, we build trust, exceeding expectations. Our $5 billion+ premium book is a testament to our collaborative partnerships. Here, your uniqueness is celebrated, you are rewarded for your contributions, and we invest in your professional growth, offering tools, resources, and mentorship to support your career goals. You will be proud to be a part of a team that defines excellence and pushes the boundaries of what is possible. 'One Team, Unlimited Possibilities' is not just a slogan – it's the core of who we are. And the exciting part? We're always on the lookout for talented teammates like yourself.