Underwriter (Life) jobs in Bergenfield, NJ

Underwriter (Life) reviews medical, occupational, financial, and legal information to select or reject individual or group life insurance applications. Calculates rates and premiums from approved decrement tables. Being an Underwriter (Life) may have contact with the field force for information on which to base decisions. May require a bachelor's degree. Additionally, Underwriter (Life) typically reports to a supervisor or manager. The Underwriter (Life) works on projects/matters of limited complexity in a support role. Work is closely managed. To be an Underwriter (Life) typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

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Sr. Production Underwriter
  • Berkley
  • Rutherford, NJ OTHER
  • Company Details

     

    Berkley Luxury Group is an operating unit of W.R. Berkley Corporation, one of America’s largest commercial lines writers in the United states. At Berkley Luxury Group we offer tailored, all-inclusive insurance solutions for luxury condo, co-op, rental properties and fine dining restaurants.

     

    Berkley Luxury Group has been a mainstay in the commercial real estate and hospitality business since 1986. We specialize in luxury condominiums, cooperatives, and apartments in the habitational space, Class A Office buildings and fine dining restaurants in the hospitality space. BLG maintains a standard of prompt and fair settlement of claims, and endeavors to treat insureds and brokers in a partnership-like manner.

     

    BLG has developed a strategic plan to grow their success by expanding their footprint geographically and adding complementary products. At BLG there is a shared vision to be the best option for its customers. We aim to provide comprehensive insurance solutions, use enhanced data and technology to make more informed decisions and rely on a field-based underwriting, claims and loss control model to be closer to our customers and brokers. Our goal is to provide superior services and products to these unique businesses.

     

    At Berkley Luxury Group, our employees are our most important asset.  We recognize that if we properly support and develop our employees, they will become our primary sustainable competitive advantage and the key to achieving success. As such, we have created a high performing culture incorporating our values into work practices, policies, and processes to foster, reinforce and sustain an environment where employees share a strong sense of purpose, commitment, and motivation to meet and exceed their goals.

     

    As a Berkley company, we enjoy operational flexibility that allows us to deliver quality coverage solutions.  W. R. Berkley Corporation, and all member insurance companies, are rated A (Superior) by A.M. Best Company and carry Standard & Poor’s Financial Rating of A (Strong).

     

    The company is an equal opportunity employer

     

    Responsibilities

    The Senior Production Underwriter is a key member of the underwriting team reporting to the Director of Underwriting. The primary goal of this position is to profitably grow a book of business by actively partnering with brokers and working effectively with colleagues throughout the organization. This person will plan and budget for the book of business, develop and maintain agency relationships, and execute underwriting decisions using underwriting rules, designated authority and will have strong knowledge of insurance laws and regulations.  The ideal location for this new hire will be the Chicago metropolitan area.  Key Functions will include but not be limited to:

     

    Inforce Portfolio Management and Underwriting Execution:

    • Responsible for new and renewal underwriting execution, including selecting risks in line with BLG’s strategy and underwriting guidelines, operating within authority and documentation guidelines, following up on accounts and closing new business.
    • Planning and budgeting for the book of business, tracking and reporting performance to plan, and developing a clear view of market conditions and competitive landscape.
    • Provides guidance and assistance to other underwriters and to other functional areas.
    • Monitors production, hit ratios, renewal retention ratios, spread of risk and other production and quality measures.
    • Keeps current on state/territory issues, regulations and trends.

    Broker Relationships and Business Development:

    • Develop trusted, respected and lasting relationships with agent partners through visitations and regular connections
    • Accountable for tracking of progress and positioning BLG within an agency
    • Evaluate the performance of assigned agencies on an ongoing basis to ensure company and agency goals are met, and participates in review and evaluation of agencies and makes recommendations on agency management issues. 
    • Communicates corporate goals, programs, underwriting policies, procedures, best practices and guidelines to agents.
    • Prepares quotes and answers questions from agencies, policyholders or other external contacts and escalates issues as necessary. Negotiates with agents to reach positive and profitable outcomes.
    • Deliver exceptional, timely, complete and accurate service.
    • Work with agents to craft best solutions for their clients
    • Notify brokers of adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations and underwrite empathetically at all times.

    This position can be available as remote if not located near a Berkley office. 

    Qualifications

    • BA/BS preferred.
    • Minimum of 5 years commercial underwriting experience working with all lines- property, casualty, auto, umbrella and general liability.

    • Experience working with luxury condos, co-ops, rental properties and fine dining restaurants a definite plus.

    • Demonstrated technical underwriting expertise and product specific knowledge

    • Strong analytical and problem-solving skills in addition to strong interpersonal, communication & negotiation skills.

    • Demonstrated proficiency in sales and marketing

    • Solid knowledge of underwriting and insurance industry theories and practices.

    • Strong written and verbal communication, negotiation and interpersonal skills and the ability to effectively interact with all levels of internal and external business partners.

    • Ability to multi-task and to independently prioritize competing demands/requests within given time constraints.

    • Ability to work independently and exercise independent judgment and effectively make sound business decisions.

    • Proficiency in Microsoft Office Suite.

    Additional Company Details

    We do not accept any unsolicited resumes from external recruiting agencies. The company offers a competitive compensation plan and robust benefits package for full time regular employees. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

    Sponsorship Details

    Sponsorship not Offered for this Role
  • 22 Days Ago

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Small Commercial Underwriter
  • Independent Search Partners, LLC
  • Hackensack, NJ FULL_TIME
  • Summary:Responsible for underwriting for the company and evaluating small business lending applications originated by the Retail department and Small Business Relationship Managers.MAJOR RESPONSIBILIT...
  • 3 Days Ago

C
Junior Business Underwriter
  • Cross River
  • Fort Lee, NJ FULL_TIME
  • Who We Are Cross River is a highly profitable, fast-growing financial technology company powering the future of financial services. Our comprehensive suite of innovative and scalable embedded payments...
  • 5 Days Ago

B
Senior Level Energy Underwriter, AVP
  • Berkley
  • Rutherford, NJ OTHER
  • Company Details "Our Company provides a state of predictability which allows brokers and agents to act with confidence." Founded in 1967, W. R. Berkley Corporation has grown from a small investment ma...
  • 18 Days Ago

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Financial Services Professional – Hybrid Remote (NJ)
  • Bankers Life
  • Rochelle, NJ FULL_TIME
  • Bankers Life®, a leading brand in the Financial Services industry, is seeking ambitious individuals to join our team of Insurance Agents and Financial Representatives. If you have a passion for helpin...
  • 22 Days Ago

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Pilates Coach- Hackensack
  • Life Time
  • Hackensack, NJ PART_TIME
  • . Position Summary Provides cutting-edge Group Fitness and Signature Group Training instruction through a variety of entertaining, educational, and fun classes promoting fitness and positive self-este...
  • 2 Days Ago

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0 Underwriter (Life) jobs found in Bergenfield, NJ area

T
Insurance Underwriter
  • Tower Auto Mall
  • New York, NY
  • We are seeking a skilled and detail-oriented Automotive Insurance Underwriter to join our team. As an Automotive Underwr...
  • 3/28/2024 12:00:00 AM

B
Underwriter - MCA
  • Blackbridge Investment Group (BIG)
  • New York, NY
  • Job Description Job Description We are a rapidly growing Fintech company (Alternative Funding). We are seeking candidate...
  • 3/28/2024 12:00:00 AM

B
Underwriting Assistant
  • Brown & Brown, Inc.
  • New York, NY
  • Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best...
  • 3/27/2024 12:00:00 AM

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MCA Underwriter
  • CFG Merchant Solutions
  • New York, NY
  • Job Description Job Description CFG Merchant Solutions, LLC (CFGMS) is a rapidly growing finance company that provides w...
  • 3/27/2024 12:00:00 AM

S
Senior Underwriter or Underwriter
  • Swiss Re
  • New York, NY
  • About the Team: Results and profit oriented underwriting in domestic E&S Property market with strong emphasis on Nat Cat...
  • 3/26/2024 12:00:00 AM

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Commercial Lines Insurance Underwriter
  • Joseph Chiarello & Co Inc
  • Summit, NJ
  • Job Description Job Description We are seeking a commercial lines account executive to manage small and middle market co...
  • 3/25/2024 12:00:00 AM

S
Senior Underwriter
  • Social Capital Resources
  • New York, NY
  • Commercial Bank in Midtown, Manhattan is looking for a permanent Underwriter to join their growing team! Responsibilitie...
  • 3/25/2024 12:00:00 AM

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Medical Underwriter, Sr remote position
  • Indotronix International Corporation
  • White Plains, NY
  • Job Title: Medical Underwriter, Sr. Associate Alternate locations: Remote Opportunity; White Plains, NY (New York) Durat...
  • 3/24/2024 12:00:00 AM

Bergenfield is a borough in Bergen County, New Jersey, United States. As of the 2010 United States Census, the borough's population was 26,764, reflecting an increase of 517 (+2.0%) from the 26,247 counted in the 2000 Census, which had in turn increased by 1,789 (+7.3%) from the 24,458 counted in the 1990 Census. Bergenfield was formed on the basis of a referendum held on June 25, 1894, from portions of Englewood Township and Palisades Township.[21][22][23] The borough was formed during the "Boroughitis" phenomenon then sweeping through Bergen County, in which 26 boroughs were formed in the co...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Underwriter (Life) jobs
$60,320 to $74,954
Bergenfield, New Jersey area prices
were up 1.5% from a year ago

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