Production Underwriter- Ocean Marine

Tokio Marine America; Jersey City (NJ); On-site; USD 109,000 - 150,000; Full time

Benefits offered by this job

401K match

Competitive benefits package

Bonus eligibility

Job summary

A leading insurance firm in Jersey City is looking for an Underwriter to manage producer relationships and new business underwriting for Marine Lines. Candidates should have a minimum of 5 years of ocean or inland marine underwriting experience and strong communication skills. The role offers a competitive salary ranging from $109,000 to $150,000, along with a comprehensive benefits package including a 401K match. If you are innovative and have a passion for the insurance industry, we encourage you to apply.

Qualifications

• Minimum of 5 years of ocean or inland marine underwriting experience preferred
• Good oral and written communication skills
• Ability to innovate and apply new ideas
• Familiarity with Microsoft Office products (Excel, Word and Outlook)
• Participation in insurance-related courses

Responsibilities

• Initiates and manages relationships with Producers who fit company guidelines.
• Performs marketing duties including in-person visits to producers.
• Produce new business and renew existing portfolio as per the plan.
• Achieve plan loss ratio by determining risk acceptability based on guidelines.
• Evaluate existing accounts and recommend corrective actions.

Skills

Oral communication skills

Written communication skills

Innovative thinking

Microsoft Office familiarity

Job description

Overview

Responsible for the growth, development and management of producer distribution and new business underwriting for Ocean or Inland Marine Lines in an assigned territory.

Primary Job Duties

• Initiates and manages relationships with the Producers who fit Tokio Marine Guidelines
• Performs all marketing duties for respective Producers including in‑person visits to producers, and establishes production goals by Producer. Monitors the results of respective Producers and adjusts goals if necessary to ensure Production objectives are met
• Produce new business and renew existing portfolio in accordance with plan
• Achieve plan loss ratio by determining acceptability of risk based on underwriting guidelines and sound judgment
• Work within established work‑flows to meet region time service goals
• Services designated book of business within company's underwriting guidelines
• Evaluates reviews and makes corrective actions on existing accounts, including midterm reviews as necessary
• Makes recommendations on risks which exceed their letter of authority using established referral procedures
• Controls new business, renewals, endorsements so that all related handling is processed timely and accurately. Gathering/evaluating information to determine acceptability of new accounts
• Issuing quotations, issuing policies and endorsements
• Issuing new business and cancellation/non‑renewal notices
• Recommending and placing proper reinsurance (including facultative) when necessary and authorized
• Promotes activities between the Marine Department, AEOs and producers to maximize renewals and new opportunities. Maintains good communications and relations with all AEOs, producers and clients
• Assist Corporate Reinsurance, Accounting and Claims on problems as they arise
• Assist in the training of other staff members
• Prioritize and delegate work to meet department deadlines. Reviews previously performed work for quality, as necessary
• Adheres to department goals and objectives. Assist Accounting in the timely collection of overdue premiums, keeping 90 day overdue premiums at a minimum
• Assist junior members of staff in the timely collection of overdue premium reports
• Reduce administration level within all areas of the department
• Create new business ideas and systems to achieve overall Department Business Plan
• Responsible for complying with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities at Company

Qualifications

• Minimum of 5 years of ocean or inland marine underwriting experience preferred
• Good oral and written communication skills
• Ability to innovate and apply new ideas
• Familiarity with Microsoft Office products (Excel, Word and Outlook)
• Participation in insurance related courses

Salary and Benefits

Salary range: $109,000 to $150,000. Ultimate salary offered will be based on factors such as applicant experience and geographic location. Our company offers a competitive benefits package and bonus eligibility on top of base.

TMA believes the perfect candidate is more than just a resume. If you don't meet every single requirement, but are still interested in the job, we encourage you to apply.

We offer a comprehensive benefit package, which includes a generous 401K match. Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities.

EEO Statement

Tokio Marine Management is an Equal Opportunity Employer. In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status, or sexual orientation.