Underwriter II - LPL

USI Insurance Services; Matawan (NJ); Hybrid; USD 56,000 - 66,000; Full time

Benefits offered by this job

Medical insurance

401(k) plan

Paid time off

Paid family leave

Life insurance

Job summary

USI Insurance Services is hiring an Underwriter in Matawan, NJ. The role focuses on assessing risks, negotiating premiums, and managing relationships with brokers and carriers. Candidates should have at least 3 years of underwriting experience and relevant licensure for direct client service.

USI offers a comprehensive benefits package including health insurance, a 401(k), and a generous paid time off policy. The position is bonus-eligible, targeting an incentive of 5%. Salary range is $56,000-$66,000 based on experience.

Qualifications

• 3+ years of underwriting experience required.
• Property & Casualty license may be necessary for direct client service.
• Broad knowledge of the insurance industry.

Responsibilities

• Analyze and determine the acceptability of risks.
• Underwrite and price exposures according to guidelines.
• Communicate with agents for underwriting information.
• Assist in establishing underwriting policy and procedures.

Skills

Underwriting experience

Negotiation skills

Mathematical skills

Strong written communication

Microsoft Office proficiency

Organizational skills

Analytical skills

Research skills

Education

High school diploma or equivalent

Job description

General Description

Assess risks of an intermediate nature, develop, and negotiate premiums. Manage relationships with brokers and carriers. Provide appropriate insurance products to clients. Generate profit in accordance with company goals.

Responsibilities

• Under limited supervision, analyze and determine the acceptability of risks. Includes evaluating the application, website, claims history, and file notes.
• Obtain supplementary information as needed to underwrite policy.
• Determine the desirability of accepting or rejecting risks within program guidelines.
• Coordinate risk assessment with Underwriting team as needed.
• Underwrite and price exposures in accordance with filed and approved program rate levels and guidelines. Bring policy to completion with recommending and binding coverage, invoicing, and policy issuance.
• Identify the need, order, and evaluate additional risk assessment information.
• Communicate with agents to obtain supplemental underwriting information as needed.
• Analyze and rate endorsement requests.
• Issue and track conditional/non-renewal notices and cancellations. Adhere to regulatory compliance.
• Maintain knowledge of policy terms and endorsements.
• Assist manager in establishing underwriting policy and procedures.
• May require some travel for educational development or client relationship building.

Knowledge, Skills and Abilities

• 3 years+ underwriting experience.
• High school diploma or equivalent required.
• For direct client service/underwriting, Property & Casualty and/or appropriate business licensure is required.
• Broad knowledge of insurance industry.
• Ability to negotiate with strong mathematical skills.
• Strong written and verbal communication skills.
• Working knowledge of Microsoft Office suite of products.
• Proficiency in utilizing company systems.
• Strong organizational and analytical skills with attention to detail and accuracy.
• Strong research skills to troubleshoot customer problems.
• Ability to travel 10% of the time.
  #LI-CG3
  #LI-Hybrid

USI is committed to providing a full-suite of competitive benefits for our growing population and its diverse needs. We offer a wide range of health, welfare and financial benefits including medical, wellness, dental and vision, 401(k), flexible spending and health savings accounts, short and long-term disability, life insurance and other unique employer-sponsored and voluntary programs. USI also offers a generous paid time off policy, paid family leave benefit as well as paid holiday time.

Salary Range: $56,000-$66,000 (depends on experience). This is a bonus-eligible position with a target incentive of 5%.