Renewals Underwriter (Fully Remote)
Position Description: Who We Are NIP Group www.nipgroup.com is a rapidly growing insurance service provider of specialty programs for commercial insurance brokers and carriers providing underwriting, distribution, product management, administration, and risk management services primarily by acting as a managing underwriter (MGA) and a Reciprocal Services Manager (RSM). Our culture is one that empowers and encourages employees to be innovative, collaborative, and forward-thinking. If you are interested in being a part of a growing, entrepreneurial spirited organization, we’d love to hear from you! About the Position We are seeking a skilled and detail-oriented Commercial Lines Insurance Underwriter specializing in renewals to join our dynamic team. In this pivotal role, you will play a vital part in evaluating and underwriting renewal applications for a diverse portfolio of commercial insurance policies. Your expertise will ensure that our clients' needs are met while maintaining a balanced risk profile for the company. What You’ll Do We have an exciting opportunity for a Renewals Underwriter to join our team, responsibilities include:
- Profitably underwrite and grow an assigned book of renewal accounts, including both property and casualty lines by reviewing insured's file, producing agency's experience, nature and frequency of losses, loss control surveys, motor vehicle reports, and prior carrier loss experience.
- Develop productive and profitable relationships with assigned agents and brokers through quick problem solving and a highly responsive and exceptional service experience.
- Quickly prioritize opportunities, evaluate and price risk and offer/negotiate customized coverage, deductible and terms and conditions based on the individual risk characteristics to best meet the insureds needs, in compliance with program guidelines and portfolio strategy, and based on a rigorous analysis of the application, COPE, loss runs, risk control reports and the applicant’s financial position.
- Educate agents and brokers on the programs risk appetite and target market as well as the program product and service differentiations
- Work with Program Manager/Director to execute against renewal retention strategies
- Assist with new business accounts as needed
- Maintain an established loss ratio and meet assigned production goals (retention and persistency)
- Other ad-hoc duties as assigned
What We’re Looking For
- Bachelor’s Degree or equivalent experience
- 3+ years of commercial P&C underwriting experience as well as multi-line rating experience
- Familiarity with multiple rating and issuance systems preferred
- Comprehensive knowledge of commercial underwriting concepts, principles and processes
- Results and goal driven mentality with strong problem-solving abilities
- Exceptional customer service orientation with the ability to create and strengthen internal and external relationships
- Excellent verbal and written communication skills
- Strong organizational skills, integrity and follow through
- Resourceful, independent thinker with the desire to be part of a high-performance team and culture
- Working knowledge of Microsoft Office applications as well as strong overall systems knowledge
What You'll Receive At NIP Group, we recognize there are many factors that contribute to your overall satisfaction both at work, and in your personal life. For that reason, we provide a perfect mix of compensation, benefits, company culture, and resources to ensure your everyday happiness. Below are some benefits that you’ll receive.
- Competitive compensation to reward you for your hard work every day.
- Progressive Paid-Time Off program for you to enjoy time out of the office, including time off for volunteering and life events.
- Group Medical, Dental, Vision and Life insurance to encourage a healthy lifestyle.
- Pretax Health and Dependent Care Spending Accounts to ease taxes on spending.
- Discounts in retail and entertainment.