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Commercial Lines Insurance Underwriter- Nassau County, NY-Garage and Towing Risk within the Excess and Surplus (E&S) marketplace -
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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.
$88,265 / year median in New York
-11% projected decline
Job Description
Commercial Lines Insurance Underwriter
- Nassau County, NY-Garage and Towing Risk within the Excess and Surplus (E&S) marketplace
- at Pryor Associates Executive Search Commercial Lines Insurance Underwriter
- Nassau County, NY-Garage and Towing Risk within the Excess and Surplus (E&S) marketplace
- at Pryor Associates Executive Search in bethpage, New York Posted in 2 days ago.
Type:
full-time Commercial Lines Insurance Underwriter
- Nassau County, NY
- Garage and Towing Risk within the Excess and Surplus ( E&S)marketplace.
Summary Evaluates risks for business vehicle insurance, analyzing applications, financial data, and driving history to set premiums and coverage, collaborating with agents, and ensuring profitability by balancing risk and reward while adhering to company guidelines and regulations. Key duties involve assessing new and renewal policies, negotiating terms, monitoring existing business, and providing excellent service to brokers, focusing on growth and risk management for the insurer. This position will work independently with limited supervision requiring proven expertise in General Liability (preferably with Excess & Surplus Lines Experience) to be successful in role. Responsibilities Pricing tool and Quote / Binder workbook
- completing the pricing tool and pricing of the accounts. Preparing quotes & binders to release to brokers. Figure out proper terms and exclusions that are unique to each account. Full negotiations with brokers and/or agents. Analysis Vetting of submissions
- New and renewal business. Includes analyzing the risk, loss runs, exposures, terms, profit, and loss statements, emails, and calls with the brokers. Assist Marketing
- Brokers/Agency in person and virtual visits.
Cultivate existing and new relationships to support the goals of the business unit. Coordinate special projects as assigned. Assist the management team with mentoring, training, and development of other team partners. Serve as technical expert. Qualifications Bachelors degree preferred but not necessary. 7 plus years commercial underwriting experience preferably E&S. Strong communication skills. Professional designations a plus ( CPCU,ALI, ASLI) but not required. Salary, Benefits, 401K, Hybrid after training. (DC13067)
Benefits
- 401(k) Plans
- Dental Insurance