Location
Parsippany, NJ | United States
Job description
Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.
Morstan General Agency seeks a Renewal Underwriter to join our team in freehold.
The Renewal Underwriter quotes renewal business in a timely, efficient, professional and accurate manner, all the while being responsible for growing revenues. This position interacts with company and retail agent personnel in a diplomatic and knowledgeable manner in order to establish positive relationships, increase revenues and retain policies upon expiration. In concert with other renewal business underwriters, is responsible for production and profitability results of the renewal business segment of the commercial department.
WHAT YOU'LL DO:
- Process renewal P&C business in a timely and efficient manner in order to grow revenues and maintain retention and profitability.
- Examines such documents as application forms, inspection reports, insurance maps, and medical reports to determine degree of risk from such factors as applicant financial standing, age, occupation, accident experience, and value and condition of property. Requests additional information, if necessary, and accepts or rejects risks in conformance with company guidelines.
- Underwrites renewal business by reviewing insured's file, producing agency experience, nature and frequency of losses and prior carrier loss experience.
- Insure that all required information is obtained, proper applications are completed, quotes and binders are confirmed in writing, policies are issued promptly and accurately, state filings (where applicable) are made, and taxes paid in accordance with appropriate state laws.
- Review, analyze and underwrite risks submitted by Producers, rate submissions for premium and terms, analyze exposures for quotes and renewal business, issue written indications, quotes and binders; use inspection companies to obtain further information, quote rates, or explain company underwriting policies.
- Markets and meets with retail agency customers to develop business and cultivate relationships in an effort to grow a book of business. Foster and improve relationships with other departments, producers, companies and competitors.
- Understand and extend Company facilities, utilizing binding authorities or brokering risks when required to successfully negotiate a placement; be responsible for your underwriting results.
- Service and perpetuate existing business, and have a keen awareness of priorities.
- Assist in the training of other personnel as directed, not limited to instructing and training processors and assistants, review indications, quotes, binders, submissions, and policies for completeness and accuracy.
WHAT YOU'LL NEED:
- Minimum education required High School Diploma or GED.
- Proficient with MS Office Suite
- Exceptional telephone demeanor
Preferred
- Bachelor's Degree (B.A) from four-year college or university or equivalent industry experience.
- Ability to maintain a high level of confidentiality.
- 2 – 3 years' experience in a similar position
- Active P&C License or successfully complete P&C licensing requirements within 90-days of hire-date
WHAT WE OFFER :
- Excellent growth and advancement opportunities
- Competitive pay based on experience
- • Paid Time Off (PTO)
- Generous benefits package: health, dental, vision, 401(k), etc.
- Employee Stock Purchase Plan
We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.
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