NJM Insurance Group

Commercial Lines Market Facing Underwriter

NJM Insurance Group$111K — $129K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • High School Diploma or GED Equivalent
  • 7+ years of Commercial Lines experience, specifically in Middle Market Underwriting
  • Experience in portfolio management focused on profitable growth
  • Extensive knowledge of Commercial Multi-line Package underwriting
  • Required Umbrella underwriting experience
  • Working knowledge of Facultative Reinsurance
  • Ability to collaborate effectively with personnel and agency staff
  • Strong knowledge of the local marketplace and industry trends

Responsibilities

  • Develop and manage new business opportunities in Commercial Package, Auto, Workers Compensation, and Umbrella
  • Drive profitability and growth by identifying new business and negotiating renewals
  • Maintain strong customer and producer relationships
  • Collaborate with the Commercial Sales Team for product development based on market intelligence
  • Ensure compliance with legal and regulatory standards
  • Assist in mentoring and training underwriting staff
  • Conduct regular visits to agencies within the assigned territory

Benefits

  • Mileage reimbursement at the prevailing IRS rate
  • Travel expense reimbursement
  • 401(k) with employer match up to 8%
  • Health, Dental, and Vision insurance
  • Life and Disability coverage
  • Generous PTO
  • Paid Sick Leave
  • Paid parental leave in addition to state-mandated leave
  • Potential eligibility for discretionary bonuses
Full Job Description
This is a very rare and exciting opportunity for a Field Based Underwriter, in the Middle Market space, to join a reputable industry leader. The ideal candidate will be a highly motivated, self-directed individual with an entrepreneurial mindset. This position requires regular agency visitation within the Rocky Hill, CT area (2 - 3 visits weekly average) once the training period is complete. Time management and organizational skills (AKA desk management) are also keys for success in this role.

Vehicle mileage reimbursement (at the prevailing IRS rate) and travel expense reimbursement are provided.

Essential Duties and Responsibilities: Essential functions of this job are listed below in order of priority. Reasonable accommodations may be made to enable individuals to perform the essential duties. Regular and predictable onsite attendance is an essential function of the job.
  • Develop and manage a local territory for new business opportunities in Commercial Package, Auto, Workers Compensation, and Umbrella.
  • Drive profitability and growth by Identifying new business, negotiating renewals, and maintaining strong customer and producer relationships.
  • Collaborate with the Commercial Sales Team and support product development through market intelligence and departmental projects.
  • Ensure compliance with legal/regulatory standards and assist in mentoring and training underwriting staff.


Qualifications: Knowledge, skills & abilities, experience, minimum & desired education, certification and/or license requirements.
  • High School Diploma or Equivalent
  • 7+ years of Commercial Lines experience with a focus on Middle Market Underwriting experience.
  • Experience with portfolio management and a focus on profitable growth.
  • Extensive knowledge of Commercial Multi-line Package underwriting with emphasis on technical risk assessment and pricing.
  • Umbrella underwriting experience required.
  • Working knowledge of Facultative Reinsurance.
  • Ability to collaborate with NJM personnel and Agency Staff to accomplish mutual goals.
  • Possesses knowledge of the local marketplace, industry trends and regulatory environment.
  • Ability to travel throughout the assigned territory and surrounding areas several times per week.
  • Travel to our headquarters in West Trenton for Staff meetings and events on a quarterly basis - at a minimum.


Education and Skill Qualifications:
  • Bachelor's degree is preferred.
  • Knowledge of Guidewire is a plus
  • Completion of general insurance courses such as CPCU, AU, ARM or CIC are a plus.
  • Proficient in Microsoft Office Suite, including Word, Excel, and PowerPoint.


Compensation: Salary is commensurate with experience and credentials.
Pay Range: $111,913-$129,927

Eligible full-time employees receive a competitive Total Rewards package, including but not limited to a 401(k) with employer match up to 8% and additional service-based contributions, Health, Dental, and Vision insurance, Life and Disability coverage, generous PTO, Paid Sick Leave, and paid parental leave in addition to state-mandated leave. Employees may also be eligible for discretionary bonuses.

About NJM Insurance Group

NJM Insurance Group is a mutual insurance company that provides personal and commercial insurance products to customers in New Jersey and Pennsylvania. The company was founded in 1913 and has since grown to become one of the largest auto insurance providers in New Jersey. NJM Insurance Group is known for its exceptional customer service and commitment to safety, offering policyholders access to a variety of resources and tools to help them stay safe on the road. The company is also committed to giving back to the community and supports a variety of charitable organizations and initiatives.
Learn more about NJM Insurance Group
Size
2,300 employees
Industry

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