Lead Insurance Underwriter

2 weeks ago


New York, New York, United States GREATER NEW YORK MUTUAL INSURANCE COMPANY Full time
Job Overview

Position Level
Experienced

Location
New York Headquarters

Remote Work
Hybrid

Employment Type
Full Time

Education Requirement
Undisclosed

Compensation Range
Undisclosed

Travel Requirements
Undisclosed

Work Schedule
Undisclosed

Industry Category
Insurance

Job Description

Note: Required to visit the NYC office one week per quarter.

Position Summary:

The Senior Risk Assessment Specialist is responsible for cultivating and maintaining strong, professional relationships with the agency partners of the organization while driving growth and profitability objectives. This role demands a high level of technical proficiency, sound judgment, and the ability to deliver consistent results.

Key Responsibilities:
  • Analyze loss history, insurance valuation, and loss control reports alongside other pertinent risk factors.
  • Develop and uphold a comprehensive understanding of the company's underwriting protocols, coverage options, enhancements, pricing structures, and operational workflows.
  • Assess the eligibility of commercial lines packages, auto, workers' compensation, and umbrella policies in accordance with established underwriting standards.
  • Utilize underwriting data such as inspection findings, claims history, and commercial applications to inform sound underwriting decisions.
  • Establish appropriate premium levels and coverage options for commercial packages and umbrella policies based on filed rates and unique risk profiles.
  • Maintain robust business relationships with assigned agencies, which includes travel and management responsibilities.
  • Achieve or surpass all company service benchmarks for underwriting and processing commercial lines applications, endorsements, renewals, and new business.
  • Provide training and mentorship to junior underwriters.
  • Engage in special projects and perform additional tasks as required.
Qualifications:

Education and Experience:
  • Bachelor's degree is mandatory.
  • A minimum of 7 years of experience in commercial multi-line and/or package underwriting is required; experience in workers' compensation and casualty is preferred.
  • Proficient computer skills and familiarity with Microsoft 365 are essential.
  • Completion or progress towards a Professional Designation such as CPCU, CIC, or ARM is preferred.
  • Experience with ImageRight is an advantage.
Skills:
  • Exceptional verbal and written communication skills are required.
  • Strong organizational and time management capabilities are essential.
  • Proficient negotiation and analytical skills are necessary.
  • Demonstrated ability to exercise sound judgment and decision-making in line with company underwriting standards and philosophy.
Compensation:
The salary range for this position is $78,700 - $165,300. This range is subject to change and may vary based on performance, education, experience, skills, geographic location, travel requirements, and demonstrated proficiency in the competencies required for the role. Base pay is just one aspect of the total compensation package offered by Greater New York Mutual Insurance Company, which also includes eligibility for an annual discretionary bonus based on performance.

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