Underwriter - Public Auto - Mahwah, United States - #twiceasnice Recruiting

    #twiceasnice Recruiting
    #twiceasnice Recruiting Mahwah, United States

    2 weeks ago

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    Description
    Underwriter – Public Auto

    Location:
    Mahwah, NJ

    Salary:
    $80,000 + Discretionary Bonus + Benefits

    Benefits:
    Medical, Dental, Vision, Life, 401k + match, Holidays, PTO

    Job Type:
    Full-Time & Onsite


    Typical Hours:
    M-F, 8-5


    Start Date:

    ASAP
    Sponsorship is not available
    Underwriter – Public Auto Description

    Our client, an insurance wholesaler, is looking for an experienced Public Auto Underwriter to join their team in Mahwah, NJ.

    Reporting to the President, you will be responsible for evaluating and underwriting insurance policies specifically tailored for public vehicles such as buses, taxis, limousines, and other commercial vehicles used for passenger transportation.

    Your primary focus will be on assessing risks, determining appropriate coverage, and ensuring compliance with regulatory standards while maintaining profitability for the insurance company.

    This is an incredible opportunity to join a well-established firm that is growing and expanding the public auto branch.
    Underwriter – Public Auto Responsibilities


    Review new submissions for compliance with underwriting guidelines and programs


    Examine documents to determine and evaluate the degree of risk


    Rate risk and initiate quotes from carriers


    Decline risks with excessive loss history


    Prepare loss models, driver reviews, and overall account evaluation, making recommendations


    Qualify risk with agents for price targets and important factors about accounts


    Follow up on quotes to ask for bind orders


    Correspond with agents and follow up on items for new business or renewal accounts.


    Submit bind orders to carriers and review documentation received


    Send out binders and invoices to agents


    Review renewal accounts and accept or decline 90 days prior to expiration date


    Provide general support to the team for new procedures and pricing input for best practices
    Underwriter – Public Auto Qualifications


    5+ years of experience as an Auto Underwriter required


    Experience with MGA/MGUs required


    Agency Management System knowledge required


    Knowledge of ISO policies and rate filings required

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