Underwriter, Albany

Jimcor Agency Inc.; City of Albany (NY); Hybrid; USD 65,000 - 85,000; Full time

Benefits offered by this job

Hybrid Work Schedule

Comprehensive Benefits Package

Employer Retirement Match

100% Employer-Paid Medical, Dental, V/

Education Assistance

Wellness Program

Employee Assistance Program (EAP)

Paid Time Off

Job summary

Jimcor Agency Inc. in Albany, NY is seeking an experienced insurance professional with a Producer’s License to review applications for insurance placement and determine eligibility according to program guidelines.

You will interact with Companies and Brokers via telephone, e-mail, regular mail and personal contact. The role requires evaluating risk experience, loss potential, and endorsements or cancellations, while preparing quotations and supporting agents.

Qualifications

• Must have Producer’s License.
• 3+ years of insurance experience.
• Prior exposure to insurance underwriting type activities.
• Basic familiarity with computers.
• Good oral and written communications skills.
• Strong analytical skills and the ability to pay attention to details.
• Resourceful and controlled assertive behavior characteristics.
• Must have demonstrated negotiation skills
• Technical knowledge of insurance coverage forms and their application to exposure.
• Knowledge of departmental regulations and policies.
• Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines and standard accepted underwriting practices.
• Strong interpersonal skills working with Staff and Company Underwriters
• Experience in standard underwriting practices and procedures.
• Associated classes or courses and/or industry license, or designation.

Responsibilities

• Reviews applications for insurance coverage to determine acceptability for the program(s).
• Evaluate the experience of a risk against the class of business under review.
• Evaluate loss potential due to catastrophe, severity, and/or frequency.
• May rate policies or check previously rated policies for proper rating.
• Utilizes knowledge of automated systems to develop information for new or renewal policies.
• Prepares quotations for agents and answers questions from agents, policyholders, or prospects.
• Assists agents with comments or questions about applications and the likelihood of acceptance by the company.
• Reviews requests for cancellation, endorsements, etc.
• Reviews policies for renewal consideration.
• Requests additional documentation necessary for the processing of an application, endorsement or cancellation.
• Conduct marketing visits to agents.
• Performs other duties as assigned.

Skills

Negotiation

Analytical skills

Oral and written communication

Independence

Interpersonal skills

Underwriting practices

Regulatory knowledge

Problem solving

Attention to detail

Computer literacy

Education

Producer’s License

3+ years insurance experience

Industry license or designation

Job description

Job Summary:

This position is involved in the review and appraisal of applications for insurance placement . Uses knowledge and independent judgment to determine eligibility of risks when compared to guidelines of programs available. Interacts with Companies and Brokers via telephone, e-mail, regular mail and personal contact.

Essential Duties and Responsibilities:

• Reviews applications for insurance coverage, reports from loss control consultants and other information to determine if application 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.
• May rate policies or check previously rated policies for proper rating.
• Utilizes knowledge of automated systems to develop information for new or renewal policies.
• Prepares quotations for agents and answers questions from agents, policyholder, or prospects.
• Assists agents with comments or questions about applications and the likelihood of acceptance by the company.
• Reviews requests for cancellation, endorsements, etc.
• Reviews policies for renewal consideration.
• Request additional documentation necessary for the processing of an application, endorsement or cancellation.
• Conduct marketing visits to agents.
• Performs other duties as assigned.

Qualifications/Requirements:

• Must have Producer’s License.
• 3 plus years of insurance experience.
• Prior exposure to insurance underwriting type activities.
• Basic familiarity with computers.
• Good oral and written communications skills.
• Strong analytical skills and the ability to pay attention to details.
• Resourceful and controlled assertive behavior characteristics.
• Must have demonstrated negotiation skills
• Technical knowledge of insurance coverage forms and their application to exposure.
• Knowledge of departmental regulations and policies.
• Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines and standard accepted underwriting practices.
• Strong interpersonal skills working with Staff and Company Underwriters
• Experience in standard underwriting practices and procedures.
• Associated classes or courses and/or industry license, or designation.
  We offer a total compensation package which includes salary (range 65k-85k) plus a full comprehensivebenefits package. Package includes Paid Time Off Days, Paid Holidays, Hybrid Work Schedule, Retirement Plan with Employer Match, 100% Single Employer Paid Medical, Dental, Vision, Life Insurance, Education Assistance, Various Voluntary Benefits, Wellness Program Including Mental Health Support and an Employee Assistance Program (EAP) and More.

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