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IAT Insurance Group · 2 months ago

Senior Inland Marine & Property Underwriter

Newark, NJ

Full-time

Hybrid

Mid, Senior Level

$63K/yr - $138K/yr

4+ years exp

IAT Insurance Group is the largest private, family-owned property and casualty insurer in the U.S. They are seeking a Senior Inland Marine & Property Production Underwriter to maintain a current book of business and expand their footprint on the east coast. The role involves developing agency partnerships, analyzing underwriting files, and determining account premium levels.

CommercialFinanceFinancial ServicesInsuranceInsurTech

Comp. & Benefits

No H1B

Responsibilities

Identify, recruit, and develop new agency partnerships while cultivating relationships with assigned agencies to achieve target new business flow

Review and analyze underwriting files, using judgment and experience as primary criteria, to accept new business or continue renewals within established authority level

Review and analyze all documents within or associated with the underwriting file to establish accuracy in identification and minimizing risk of exposure, utilizing change requests, claim information, loss control and outside databases to identify changes in exposure to risk

Review, evaluate and determine account premium levels using sound judgment consistent with established company premium modification plans within authority limits

Read, evaluate and interpret contracts and policies to determine exposures providing guidance and clarification to others consistent with experience

Provide clarification and verification of coverage to the Claims Department consistent with experience

Assess agency activity; provide clarification to agency personnel about company’s position in annual visits to assigned agencies consistent with experience

Perform other tasks as needed

Qualification

Commercial UnderwritingInsurance Industry KnowledgeRisk ManagementCPCU CertificationLoss Control SkillsAdvanced Loss AnalysisCommercial Insurance ProductsRelationship Building

Required

Bachelors' degree in Risk Management, Finance, Mathematics, Business or related with at least 4 years-experience in commercial underwriting or equivalent

Equivalent is defined as 6 years of relevant commercial underwriting experience

Thorough knowledge of Insurance Industry

An aptitude for building rewarding relationships with agents and brokers, peer underwriters, account analysts and junior underwriters

Must possess the ability to appropriately apply loss development and advanced loss analysis concepts to achieve optimal pricing of a risk

Must possess the ability to creatively utilize coverage features, deductibles, or reinsurance on individual risks to achieve company objectives

Thorough knowledge of commercial insurance products, underwriting, risk selection, pricing and marketplaces, as well as regulatory issues in relevant territories

To qualify, applicants must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes