Business Development Underwriter - Workers' Compensation (New Jersey)

ICW Group; New Jersey; Remote; USD 90,000 - 153,000; Full time

Job summary

ICW Group seeks a Business Development Underwriter in New Jersey to manage relationships with agents and brokers, driving business growth while providing exceptional client service. Applicants should possess a relevant Bachelor's degree and ideally have experience in underwriting or related fields to enhance ICW Group's energetic and supportive work environment.

Benefits

Medical, dental, and vision plans

401K retirement plans with company match

Bonus potential for all positions

Paid Time Off (5.23 hours per pay period)

11 paid holidays throughout the year

Support for continuous learning

Qualifications

• 1 year of related experience required.
• Ability to service clients and maintain relationships.
• Demonstrated underwriting skills.

Responsibilities

• Manage a profitable book of business.
• Prospect and develop new business relationships.
• Provide superior customer service through collaborative relationships.

Skills

Customer Service

Collaboration

Education

Bachelor's degree in Business, Accounting, Statistics, or related field

Job description

Business Development Underwriter - Workers' Compensation (New Jersey) page is loaded

Business Development Underwriter - Workers' Compensation (New Jersey)

Apply locations NJ - Remote time type Full time posted on Posted 30+ Days Ago job requisition id JR00156

Are you looking to make an impactful difference in your work, yourself, and your community? Why settle for just a job when you can land a career? At ICW Group, we are hiring team members who are ready to use their skills, curiosity, and drive to be part of our journey as we strive to transform the insurance carrier space. We're proud to be in business for over 50 years, and its change agents like yourself that will help us continue to deliver our mission to create the best insurance experience possible.

Headquartered in San Diego with regional offices located throughout the United States, ICW Group has been named for seven consecutive years as a Top 50 performing P&C organization offering the stability of a large, profitable and growing company combined with a focus on all things people. It's our team members who make us an employer of choice and the vibrant company we are today. We strive to make both our internal and external communities better everyday!

Be the CEO of Your Territory!

As aBusiness Development Underwriterat ICW Group you are the main point of contact for agents and brokers. Overseeing both underwriting and marketing initiatives ensures you grow to become your agents' business partner. You decide how to go about fostering relationships and building your book of business.

You will have the opportunity to establish collaborative relationships with agencies and producers to understand the external marketplace and underwrite within established guidelines. This role will evaluate routine business for risk acceptability, matching price to exposure, loss frequency, and severity for profitability, and rating plans/modifications for renewal retention. This role exists to ensure that the Company’s marketing and producer management objectives are met, through the generation and maintenance of a profitable book of business.

WHAT YOU WILL DO

Drives and manages a profitable and growing book of business.

• Sells, services, and maintains a producer force that can sell and control a profitable and growing book of business.
• Monitors production and quality of assigned producers.
• Drives profitable sale of the Company's products including increasing sales of existing products and introducing new products as they are developed.
• Develops the assigned producer group to improve the quality and quantity of the business we obtain from assigned producers.
• Keeps alert to industry changes, including WCIRB/NCCI rulings, forms, and coverage changes.

Prospects and develops new business.

• Prospects and prequalifies new producers to determine working relationship.
• Appoints new quality producers; sets and monitors production expectations with each Agency.
• Attains a thorough knowledge of the geographic territory assigned with regard to production sources, competitor activity, and economic and demographic idiosyncrasies.
• Produces marketing research to help identify opportunities for management, product enhancements, new distribution channels, and new geographic markets with growth potential.
• Utilizes underwriting authority to effectively price Company’s products.
• Accepts or rejects simple to slightly complex risks, evaluating all risk characteristics (operations, financials, management, employees, prior experience, etc.) as compared to the average in its class and price for profit within Company Underwriting guidelines.

Delivers superior customer service through collaborative relationships.

• Provides productions support through producer visitations and by participating in underwriting and production presentations.
• Provides personal assistance to agents and insureds through regular visits to outside locations such as producer’s offices.
• Maintains communication with customers through the use of Company technology.
• Communicates decisions and resolve agent/customer concerns promptly.
• Presents Agency Management solutions to agency principals and ICW management team.
• Serves as the primary Company contact and representative with existing and prospective producers.

WHAT YOU BRING TO THE ROLE

• Bachelor's degree from four-year college or university with a major or emphasis in Business, Accounting, Statistics, or related field or equivalent combination of education and experience.
• Minimum 1 year of related experience and/or training required.
• Demonstrated ability to service the Company’s clients and maintain relationships with production sources.
• Ability to apply fundamental Underwriting concepts, practices, and procedures in area of specialization.
• Ability to read and interpret documents such as submissions, loss control reports, and standard policy form/endorsements.
• Current Drivers License Required

WORK ENVIRONMENT

Requires travel, usually limited to automobile but occasional air travel is required. Requires regular visits to outside locations such as producer's offices.

Looking for someone located in New Jersey.

This description is a general statement of essential job functions and responsibilities. The position may include other duties as assigned.

#LI-DS1

#LI-Remote

The current range for this position is

$90,559.93 - $152,723.07

This range is exclusive of fringe benefits and potential bonuses. If hired at ICW Group, your final base salary compensation will be determined by factors unique to each candidate, including experience, education and the location of the role and considers employees performing substantially similar work.

WHY JOIN ICW GROUP?
• Challenging work and the ability to make a difference
• You will have a voice and feel a sense of belonging
• We offer a competitive benefits package, with generous medical, dental, and vision plans as well as 401K retirement plans and company match
• Bonus potential for all positions
• Paid Time Off with an accrual rate of 5.23 hours per pay period (equal to 17 days per year)
• 11 paid holidays throughout the calendar year
• Want to continue learning? We’ll support you 100%

ICW Group is committed to creating a diverse environment and is proud to be an Equal Opportunity Employer. ICW Group will not discriminate against an applicant or employee on the basis of race, color, religion, national origin, ancestry, sex/gender, age, physical or mental disability, military or veteran status, genetic information, sexual orientation, gender identity, gender expression, marital status, or any other characteristic protected by applicable federal, state or local law.

___________________

Job Category

Underwriting

About ICW Group

At ICW Group we offer a work environment that encourages entrepreneurialism and celebrates success.Our team members are hands-on contributors who are given the opportunity to make an impact.It's our people who make us an employer of choice and the vibrant company we are today.