Associate Underwriter, Renewable Energy

Aegis•Jersey City, NJ

6d•$80,000 - $85,000•Hybrid

About The Position

AEGIS Insurance Services, Inc. (“AEGIS”) has an immediate opening for an Associate Underwriter, Renewable Energy to ensure the development and delivery of consistently superior, properly underwritten insurance products through analyzing pertinent information, understanding risk characteristics and Member-Policyholders’ needs, and building and maintaining relationships with brokers and risk managers thus enabling Member-Policyholders to achieve the lowest overall long-term cost of risk. Responsibilities include maintaining a portfolio of underwriting accounts, and achieving underwriting profitability objectives by evaluating, accepting, rejecting or modifying risk and coverage conditions within limits of delegated authority and in accordance with established Underwriting Guidelines, Letters of Authority and Quality Standards.

Requirements

Analytical thinking that identifies the potential for and extent of risk and risk related factors
Data driven decision making that leverages available information to make informed decisions
Negotiation skills that successfully achieve consensus among parties with differing viewpoints and values
Interpersonal skills that build and maintain professional relationships with customers and counterparts
Proficiency with Microsoft Office: specifically Word, Excel, and PowerPoint
Ability to analyze complex risks and articulate a clear and concise assessment with proposed terms and conditions
Strong verbal and written communication skills
Willingness to travel as needed

Nice To Haves

Undergraduate degree or equivalent work experience in finance, risk management, engineering or law a plus
CPCU and/or other professional insurance or engineering related certifications or designations a plus
P&C and/or Surplus Lines broker licenses a plus
Working knowledge of utility industry operations / renewable energy risks and exposures a plus
Working knowledge of property technical rating/pricing a plus
Working knowledge of insurance policy and endorsement wording a plus

Responsibilities

Successfully accomplish the proper underwriting of assigned accounts by evaluating the acceptability of utility and related energy risks for AEGIS coverage
Demonstrate the ability to effectively negotiate policy terms, conditions, and pricing with Member /Policyholders and brokers with management oversight
Facilitate the underwriting process and workflow necessary to service accounts along with the assigned Assistant Underwriter; this includes handling new and renewal submissions, rating, quoting, binding, policy issuance and endorsements and premium collections
Work with AEGIS Loss Control professionals to identify potential risks
Meet established business plan / rate targets, including product rate increases, premium growth, combined ratio, cross marketing and new business objectives
Achieve and/or exceed established customer service standards and enhance relationship with Member-Policyholders and brokers through quality and excellence in service
Maintain premium equity among AEGIS Member-Policyholders and maintain renewal retention ratios for assigned accounts
Demonstrate the ability to comfortably present and participate in underwriting meetings with internal and/or external audiences
Acquire a sound understanding of and be conversant in applicable AEGIS product lines and relevant exposures and develop an in-depth knowledge and understanding of the utility and related energy industries; recognize and leverage opportunities to market additional products to assigned accounts
Participate in special projects as assigned; Examples include: maintaining exposure spreadsheets, claims review, organizing and consolidating manuscript endorsements for insurance policies, etc.