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Specialty Underwriter
Career Insights for Insurance Underwriter (General)
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Based on New Jersey data
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What they do
An Insurance Underwriter evaluates and measures risk and advises businesses in insurance, banking and securities. Recommends customers to be approved for insurance coverage, and develops policies and premium levels. Reviews loan applications, evaluates credit-worthiness of loan applicants and analyzes the investment risk of a loan for the bank. Evaluates risk in different types of securities and advises clients on investments that will yield highest profits.
$87,796 / year median in New Jersey
-9% projected decline
Job Description
Job Summary The Senior Underwriter, Reinsurance, will be part of the Westfield A&H Underwriting team. You will be responsible for underwriting Stop-Loss, Excess Reinsurance and other specialty products. Reporting to the Chief Underwriting Officer A&H, you will be a key contributor to the overall analysis and management of our new and renewal business. You will work directly with brokers to successfully price and design quotes to acquire individual accounts and business produced through MGA/MGU's. You will manage the relationship and profitability of program business written through assigned Managing General Underwriters. The senior underwriter will propose effective underwriting strategies across various product lines. You will be part of and present new and renewal opportunities to our Peer Review team (UW, Actuarial, Claims). Contribute to the development and execution of our underwriting strategies. Developing strong relationships with our business partners is a key goal for the department (Brokers, TPAs, vendors, etc.) You will manage specific assigned relationships. Engage with brokers and customers in-person when needed Participate in new product development as part of the A&H team. Preferred Qualifications Bachelor's Degree, plus 8-10 years of professional experience in the A&H business with demonstrated knowledge of Stop Loss and Excess Reinsurance Strong current technical knowledge of Employer Stop Loss Established broker relationships Program management experience This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.