Jimcor Agencies

National wholesale broker and MGA

Underwriter

UnderwritingConfirmed live in the last 24 hours

Full-timeMontvale, NJ, USAHybrid

About the Job

Requirements

Must have a Producer’s License.
At least 3 years of insurance experience.
Prior exposure to insurance underwriting activities.
Basic familiarity with computers.
Good oral and written communication skills.
Strong analytical skills and the ability to pay attention to details.
Resourceful and controlled assertive behavior characteristics.
Demonstrated negotiation skills.
Technical knowledge of insurance coverage forms and their application to exposure.
Knowledge of departmental regulations and policies.
Ability to work independently and complete assignments within given instructions, prescribed routines, and accepted underwriting practices.
Strong interpersonal skills when working with staff and company underwriters.
Experience in standard underwriting practices and procedures.
Associated classes or courses and/or an industry license or designation.

Responsibilities

Review applications for insurance coverage, loss control consultant reports, and other information to determine whether applications are acceptable for available programs.
Evaluate the experience of a risk against the class of business under review.
Evaluate loss potential due to catastrophe, severity, and/or frequency.
Rate policies or check previously rated policies for proper rating.
Use automated systems to develop information for new or renewal policies.
Prepare quotations for agents and answer questions from agents, policyholders, or prospects.
Assist agents with comments or questions about applications and the likelihood of acceptance by the company.
Review requests for cancellations, endorsements, and related transactions.
Review policies for renewal consideration.
Request additional documentation needed to process an application, endorsement, or cancellation.
Conduct marketing visits with agents.
Perform other assigned duties.

Job Summary:

This position is involved in the review and appraisal of applications for insurance placement . Uses knowledge and independent judgment to determine eligibility of risks when compared to guidelines of programs available. Interacts with Companies and Brokers via telephone, e-mail, regular mail and personal contact.

Essential Duties and Responsibilities:

Reviews applications for insurance coverage, reports from loss control consultants and other information to determine if application is acceptable for the program(s) available.
Evaluate the experience of a risk against the class of business under review.
Evaluate the loss potential due to catastrophe, severity, and/or frequency.
May rate policies or check previously rated policies for proper rating.
Utilizes knowledge of automated systems to develop information for new or renewal policies.
Prepares quotations for agents and answers questions from agents, policyholder, or prospects.
Assists agents with comments or questions about applications and the likelihood of acceptance by the company.
Reviews requests for cancellation, endorsements, etc.
Reviews policies for renewal consideration.
Request additional documentation necessary for the processing of an application, endorsement or cancellation.
Conduct marketing visits to agents.
Performs other duties as assigned.

Qualifications/Requirements:

Must have Producer’s License.
3 plus years of insurance experience.
Prior exposure to insurance underwriting type activities.
Basic familiarity with computers.
Good oral and written communications skills.
Strong analytical skills and the ability to pay attention to details.
Resourceful and controlled assertive behavior characteristics.
Must have demonstrated negotiation skills
Technical knowledge of insurance coverage forms and their application to exposure.
Knowledge of departmental regulations and policies.
Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines and standard accepted underwriting practices.
Strong interpersonal skills working with Staff and Company Underwriters
Experience in standard underwriting practices and procedures.
Associated classes or courses and/or industry license, or designation.

We offer a total compensation package which includes salary (range 65k-85k) plus a full comprehensive benefits package. Package includes Paid Time Off Days, Paid Holidays, Hybrid Work Schedule, Retirement Plan with Employer Match, 100% Single Employer Paid Medical, Dental, Vision, Life Insurance, Education Assistance, Various Voluntary Benefits, Wellness Program Including Mental Health Support and an Employee Assistance Program (EAP) and More.

Visit Us On LinkedIn: https://www.linkedin.com/company/jimcor-agencies/

View All Openings: https://www.jimcor.com/join-our-team

Website: www.jimcor.com

About the Company

Jimcor Agencies

National wholesale broker and MGA

Jimcor Agencies operates as a national wholesale broker and managing general agent (MGA). It writes business in 45 states and works with more than 200 carriers, with in-house binding authority for 15 markets. The company offers specialty programs, commercial brokerage and binding, personal lines, and professional coverages, enabling brokers to place risks through its programs. The product works by providing brokers access to a wide carrier network and in-house binding authority, streamlining quotes and risk placement for various lines. Jimcor differentiates itself through independence and family-owned, second-generation leadership, a broad national footprint, and direct binding capacity across multiple markets, coupled with a focus on family values and independent broker support. Its goal is to provide a reliable, flexible wholesale brokerage experience that helps independent brokers place a wide range of risks efficiently while growing its national presence.

Company size: 51-200
Company stage: Not listed
Total funding: Not listed
Headquarters: Montvale, NJ
Founded: 1986

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