Underwriter, Albany

jimcoragencyinc; City of Albany (NY); Hybrid; USD 65,000 - 85,000; Full time

Benefits offered by this job

Hybrid work schedule

Retirement plan with employer match

100% employer paid medical, dental, &â

Vision & Life Insurance

Education assistance

Wellness program including mental 健康

Employee Assistance Program (EAP)

Paid time off & holidays

Job summary

Jimcor Agencies is seeking an experienced underwriting professional to review insurance applications, evaluate risk, and determine eligibility within program guidelines. The role involves interaction with agents, loss control inputs, and using automated systems for policy information.

Responsibilities include evaluating risk against business classes, assessing catastrophe loss potential, and preparing quotations for agents. The position supports a hybrid work schedule with comprehensive benefits.

Qualifications

• Must have Producer’s License.
• 3+ years of insurance experience.
• Exposure to underwriting activities.
• Strong written and verbal communication skills.

Responsibilities

• Review applications for insurance coverage to determine acceptability.
• Evaluate risk experience against the class of business under review.
• Assess loss potential from catastrophe, severity, and frequency.
• Rate policies or verify prior ratings for accuracy.
• Use automated systems to develop information for new or renewal policies.
• Prepare quotations for agents and answer questions from agents, policyholders, or prospects.
• Assist agents with comments about applications and likelihood of acceptance.
• Review requests for cancellations and endorsements.
• Review policies for renewal consideration.
• Request additional documentation for processing applications or endorsements.
• Conduct marketing visits to agents.
• Perform other duties as assigned.

Skills

Underwriting

Negotiation

Analytical skills

Communication

Independent work

Tools

Computer literacy

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