Senior Underwriter (Multiline Underwriter - non-profit/social services)
Why Jencap? We are one of the largest wholesale insurance intermediaries in the United States with expertise in wholesale brokerage, binding authority, and program management. The common thread woven throughout our success story is our collaborative and driven team of people. Our teams are empowered and work together to find solutions. We have a passion culture – with teamwork, collaboration and a focus on growing individuals and giving them the tools & development opportunities to have a successful career.
MiniCo has nearly 50 years of experience in program management, underwriting, binding authority, and claims, offering a portfolio of exclusive programs to address even the most unique risk exposures. Our dedicated program teams provide niche underwriting process and flexibility, industry specialization, and unparalleled customer service. Today, MiniCo is a member of the Jencap Program Administrators division, offering multiple specialty property and casualty insurance products for a variety of unique industries and exposures.
Reviews, evaluates, markets and prices new and renewal applications, endorsements, and related documents by performing the following essential job functions within Company/Agency granted authority. Exhibits a superior level of independent problem solving and superior analytical skills requiring very minimal supervision. Consistently develops new broker relationships and enhances existing ones to realize production goals. Assists in the mentoring and development of less experienced underwriting staff as may be required.
The Senior Underwriter (Multiline Underwriter - nonprofit/social services) will work a hybrid schedule from our Woodbury New York office.
Responsibilities:
- Examines and evaluates documents such as application forms, inspection reports, financial reports, product brochures, company referral agreements, and other pertinent documents to determine degree of risk, underwriting and market selection.
- Accepts, rejects, classifies, prices and binds insurance risks within granted underwriting authority. Also brokers to company underwriters beyond any authority grants. Prepares submissions for rating and handling by the support staff. Effectively markets and negotiates with brokers and insurance companies on individual accounts.
- Effectively communicates orally, in writing, and electronically with agent or broker, company underwriters, internal support staff and management to obtain additional information, quote rates, present proposals, explain company underwriting policies and coverage offerings, as well as servicing existing accounts.
- Assist marketing department, support staff, and other internal departments in resolving problems and questions. Assist in the development and implementation of new marketing strategies.
- As may be required, visit brokers and/or company clients to enhance relationships and improve production opportunities. Attend trade conventions.
- Meet company/agency production, retention, and growth goals.
- Performs risk selection and analysis (including documentation) pricing, and sale of individual account/risks to broker clients.
- Ability to work independently, within company/agency granted authority levels and carry out assignments to completion with minimal supervision.
- May assist agency/company claims department in interpreting coverage and/or advising underwriting intent.
- May assist, as may be necessary, in the training and development of both new underwriters and underwriting support staff.
- Assist in company special projects as may be required.
- Problem Solving: Making sound underwriting decision on individual accounts within company/agency granted authority levels, while maintaining creativity, flexibility and good client relationships.
Requirements:
- College degree or combined equivalent of work-related experience and/or acquisition of at least one industry course related designation in the Commercial Property/Casualty insurance field preferred.
- Minimum of five (5) years of commercial underwriting experience recommended.
- Suggest continual involvement in insurance related educational seminars, etc.
- Participate in company organized, prescribed, or designated insurance seminars and workshops on or off premises.
- Ability to analyze and interpret underwriting documents and make sound, productive, and profitable decisions based upon conclusions made.
- Good and thorough knowledge of commercial insurance coverages.
The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, geographic location, and other factors. Discretionary incentive compensation may be awarded. Jencap also offers a range of benefits and programs, based on eligibility, which currently include but are not limited to; comprehensive health care coverage, a 401k plan, and tuition reimbursement. Jencap is an emerging and rapidly growing leader in the industry and as such, we approach talent acquisition as an opportunity to identify the best talent. Therefore, the level of the role and compensation may vary depending upon the best available candidate.
Want the opportunity to build something new? Expand your knowledge and stretch your experience through new and emerging risks? Have your voice heard, your skills properly applied, and to add tangible value to an organization? You’re in the right place.
Jencap is dynamic, bold, tenacious, and trusted in the industry. Here, you are not just one of the many, you are one of us. We truly are better together.
Jencap is an Equal Opportunity Employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin or citizenship status, sexual orientation, gender identity or expression, pregnancy, marital or familial status, disability status, medical condition, genetic information, military or veteran status, political affiliation, or any other characteristic protected by law. We are committed to fostering a work community where every colleague feels welcomed, valued, respected and heard, as we believe that that creating an environment where every employee feels included and empowered, helps us to deliver the best outcome to our clients.
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