Posted 3w ago

Associate Underwriter, Casualty

@ AEGIS Insurance Services
Jersey City, New Jersey, United States
$80k-$85k/yrOnsiteFull Time
Responsibilities:analyzing risk, managing accounts, negotiating terms
Requirements Summary:Underwriter role requiring analytical, negotiation, and relationship skills; degree in finance/risk mgmt/engineering/law; certifications/licenses a plus; travel required; MS Office proficiency.
Technical Tools Mentioned:Microsoft Office
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Job Description

AEGIS Insurance Services Inc. has an immediate opening for:

Associate Underwriter, Casualty

Job Description:

AEGIS Insurance Services, Inc. (“AEGIS”) has an immediate opening for an Associate Underwriter 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.

Job Requirements:

  • Experience that effectively demonstrates the following skills and abilities:
    • 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
  • Undergraduate degree or equivalent work experience in finance, risk management, engineering, or law
  • CPCU and/or other professional insurance or engineering related certifications/designations a plus; P&C and/or Surplus Lines broker licenses a plus
  • Working knowledge of utility industry operations and exposures a plus
  • Working knowledge of property and casualty technical rating/pricing a plus
  • Working knowledge of insurance policy and endorsement wording a plus
  • Proficiency with Microsoft Office: Specifically Word, Excel, and PowerPoint
  • Ability to understand and analyze complex risks
  • Willingness to travel as needed

Candidate Attributes:

  • Collaborative Communications and Behavior: Develops and maintains effective working relationships as a team member and across divisions; readily collaborates and shares information, seeks and provides constructive feedback, and supports a respectful workplace
  • Initiative and Accountability: Proactively addresses opportunities to enhance AEGIS’ people, processes, products, and services, takes ownership for one’s responsibilities by acting with integrity and in the best interest of the organization and stakeholders
  • Quality-Focused: Demonstrates a solution-focus, displays thoroughness and accuracy through quality deliverables, and demonstrates persistence and perseverance in achieving concrete and tangible outcomes
  • Service-Oriented: Conveys a genuine desire and ability to anticipate and meet customer needs and creates and nurtures mutually beneficial relationships within AEGIS and with AEGIS Members and brokers

Essential Job Functions:

Account Management

  • 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
  • Meet established business plan targets, including product rate increases, premium growth, combined ratio, cross marketing, and new business objectives
  • Maintain premium equity among AEGIS Member-Policyholders and maintain renewal retention ratios for assigned accounts

Relationship Management and Customer Support

  • Achieve and/or exceed established customer service standards and enhance relationship with Member-Policyholders and brokers through quality and excellence in service
  • Demonstrate the ability to comfortably present and participate in underwriting meetings with internal and/or external audiences

Quality Assurance and Continuous Improvement

  • 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.

www.aegislink.com

EOE

AEGIS Insurance Services, Inc. participates in E-Verify

We expect to pay a starting salary between $80,000 and $85,000. An applicant’s placement within this range is based on their individual qualifications and professional experience. In addition to base salary, AEGIS employees are eligible to participate in the Company’s annual incentive program, with competitive awards based on corporate and individual performance.

In addition, we offer a comprehensive and competitive suite of options for health & wellness, retirement, income protection, time off and additional benefits:

  • Health & Wellness: Medical, dental, vision, mental health support and employee assistance programs

  • Retirement: 401(k) with matching contribution

  • Income Protection: Life, disability, accident and critical illness insurance

  • Time Off: Vacation days, sick days, holidays and family/military leave options

  • Other: Commuter benefits, pet insurance, hybrid work schedule

  • Growth: Tuition assistance and professional development opportunities

We will consider this application carefully, but it does not guarantee employment.  Selection is on a competitive basis.  In addition, you must meet employment standards and specific position requirements.  Qualified applicants will receive consideration for employment without regard to race, creed, color, sex, sexual orientation, age, marital status, disability, national origin, veteran status or any other legally protected status.

AEGIS Insurance Services, Inc. participates in E-Verify.