Inside Underwriter

CRC Insurance Services, Inc.Jenkintown, PA
46d

About The Position

Supports a team by identifying, soliciting, and arranging appropriate insurance coverage for clients by accessing binding authority and brokerage markets. Responsibilities include but not limited to underwriting new and renewal business, ensuring adherence to binding authority carrier guidelines, approving policy changes, maintaining workload, solving coverage issues, monitoring claims and managing written business up to and including the time of binding according to company guidelines and established CRC procedures. ESSENTIAL DUTIES AND RESPONSIBILITIES Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

Requirements

  • Bachelor's Degree or appropriate insurance designation
  • Three years of experience in underwriting or brokering E&S or specialty insurance products
  • Must be licensed in corresponding areas of insurance
  • Must be able to understand and independently manage the underwriting and brokerage process including analyze necessary components of insurance policies, determine terms and conditions, and price insurance products
  • Ability to understand the client's needs and have knowledge of the risk profiles associated
  • Recognize new trends and developments to the insurance industry and be able to incorporate into underwriting strategies
  • Possess strong knowledge of and experience in underwriting the types of accounts handled by the team on which they support
  • Ability to provide excellent customer service for retail insurance agencies
  • Team skills
  • Maintain current knowledge of the insurance industry
  • Good written and verbal skills

Responsibilities

  • Manage the underwriting process ensuring adherence to carrier underwriting guidelines and CRC policies and procedures.
  • Submitting appropriate information to brokerage markets for accounts that do not fit binding authority markets
  • Make underwriting decisions and solve difficult underwriting and coverage problems for retail agencies
  • Develop, maintain and cultivate strong relationships with binding-authority and brokerage carriers
  • Solicit, market, quote, bind and confirm new and existing business.
  • Negotiate the best terms and coverages available with accessible markets while properly communicating with all producers regarding submissions and decisions for new or renewal business in a timely manner.
  • Approve and disapprove endorsement requests according to internal and carrier guidelines.
  • Monitor accounts to ensure compliance with the firm's policies and procedures.
  • Meet or exceed company file documentation standards, comply with underwriting authority level standards and pass all audits performed by markets and our Internal Review Department.
  • Maintain necessary licenses.

Benefits

  • Eligible full-time teammates enjoy access to medical, dental, vision, life, disability, and AD&D insurance; tax-advantaged savings accounts; and a 401(k) plan with company match.
  • CRC Group also offers generous paid time off programs, including company holidays, vacation and sick days, new parent leave, and more.
  • Eligible positions may also qualify for restricted stock units and/or a deferred compensation plan.

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What This Job Offers

Job Type

Full-time

Career Level

Mid Level

Industry

Insurance Carriers and Related Activities

Number of Employees

1,001-5,000 employees

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