Job Description
Binding Production Underwriter
Job Summary
Seeking motivated and entrepreneurial individuals to join a team as Binding Production Underwriters specializing in either Commercial Lines or Personal Lines. This role offers a unique opportunity to build and expand a book of business by underwriting new accounts and increasing renewal business. You will work closely with clients to provide tailored insurance solutions for unique, unconventional, and hard-to-place risks. If you are passionate about the specialty insurance market and have a strong drive for career growth, we encourage you to apply.
Compensation Package
- Competitive salary range: $100,000 - $200,000 annually
- Performance-based bonus opportunities
Responsibilities
- Build, maintain, and grow a profitable book of business
- Manage agency relationships and act as the primary client contact
- Develop and execute marketing strategies to drive new and renewal business
- Evaluate, rate, quote, and bind risks to determine acceptability, coverage, and pricing for both new and renewal accounts
- Submit underwriting referrals to company brokerage facilities and management
- Monitor key performance metrics and implement corrective actions to improve new business hit rates, renewal retention, premium growth, and loss ratios
- Lead, train, and mentor Assistant and Associate Underwriters
Qualifications/Requirements
- Bachelor’s degree or equivalent combination of education and experience
- Minimum of 3 years of commercial lines underwriting or brokerage experience (excess & surplus experience preferred)
- Proven proficiency in sales and marketing
- Strong organizational skills with exceptional attention to detail
- Commitment to ongoing education and professional development
- Insurance license, CPCU, CIC, or comparable designations preferred
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