Associate Underwriter - Commercial Lines

Jencap•Red Bank, NJ

2d•Onsite

About The Position

Jencap is one of the largest wholesale insurance intermediaries in the United States, specializing in wholesale brokerage, binding authority, and program management. The company fosters a collaborative and driven team culture, empowering employees to find solutions and providing tools and development opportunities for successful careers. The Associate Underwriter is responsible for reviewing, marketing, and pricing new and renewal applications, endorsements, and related documents within company/agency granted authority. This role also involves supporting underwriters and agents to ensure the delivery, follow-up, and servicing requirements of all new business and renewal accounts. This position is an in-office role located in Red Bank, NJ.

Requirements

2-5 years of similar related job experience in the insurance industry.
Functional knowledge of product offerings, insurance concepts, practices and procedures.
Strong communication skills and drive for customer excellence.

Nice To Haves

Bachelor’s Degree preferred.

Responsibilities

Develop the ability to perform risk selection and analysis by examining and evaluating documents such as application forms, inspections reports, financial reports, product brochures, company referral agreements, and other pertinent documents to determine the degree of risk, underwriting and market selection.
Build relationships with agents through in-house placement of new business.
Effectively communicate with agent or broker clients, company underwriters, internal staff and management to obtain additional information, quote rates, as well as servicing existing accounts.
Connect with carrier underwriters to assist in learning coverage, guidelines, and technology.
Maintain renewal book of business/premium as required.
Address assigned workload within quality, productivity and service standards as established by the company/underwriting guidelines.
Appropriate and timely response to questions posed by brokers, clients, underwriters and other company personnel.
Special projects as needed.