Preferred Mutual Insurance Company
Sr. Underwriter-Commercial Lines, Lower Hudson Valley, NY
Preferred Mutual Insurance Company, New York, New York, us, 10261
Pay Range
$82,500 – $116,000 per year (base). Your actual pay will be based on your skills and experience; discuss with your recruiter to learn more.
Location & Travel Ideal candidate will reside in or in close proximity to the Lower Hudson Valley, NY.
Travel requirements to be discussed during the interview process but will be a minimum of 10%.
Benefits
Short-term disability, long-term disability, and life insurance coverage are provided at no cost
Optional benefits include enhanced life insurance and critical illness plans
401k plan with an employer contribution that you will receive regardless of your own contribution to the plan
Student Loan Repayment Assistance
A short-term incentive plan for all employees
Generous paid time off, offering 25 days at hire (prorated based on start date for the first year)
7 days of paid sick leave
10 paid company holidays
Personalized paid time off after 3 years!
Access to 26 sessions with a BetterHelp therapist each year for you and up to 5 dependents, as well as access to all of BetterHelp’s group and digital resources
Access to Family First, a team of care experts who can provide you and your loved ones 1:1 assistance with a variety of caregiving solutions, from elder care to legal and financial challenges, insurance and Medicare navigation, and more!
Medical, dental, and vision coverage options begin on the first day of employment
Health Savings Accounts (with a generous employer contribution)
Purpose & Function Senior Underwriters are responsible for driving profitable growth of the business unit by underwriting new/renewal policies within assigned authority, and building and maintaining strong agency relationships, partnering with agency staff and Field Agency Managers. The UW should work closely with the Underwriting Assistants and Business Services staff, following established workflows, to ensure all policies are underwritten in the most efficient and effective manner while meeting service standards and performance goals.
Responsibilities
Cultivate, review, and underwrite new and renewal policy accounts with assigned agents
Ensure proper classification and pricing of individual risks, leveraging company models in addition to individual risk underwriting
Perform selection or rejection of insurance risks in accordance with company standards and procedures as outlined in underwriting guidelines
Apply sales and marketing techniques and efforts towards meeting Business Unit and agency goals
Foster and maintain key Agency relationships within assigned Agency base
Drive sales/growth within assigned Agency base, meeting production, retention, rate and profitability goals within the territory
Maintain external visibility with agency partners via a combination of in-person travel, virtual meetings and proactive phone/email communications
Demonstrate technical expertise in product offerings, forms, policy language, (including competitor offerings) etc.
Assist in the development and delivery of training to departmental peers in a mentoring capacity
Provide insight to Product Team to help with prioritization and delivery of key products
Provide insight to Actuarial Team to aid in setting product pricing/rate setting
Actively contribute to agency reviews including development of agency financial plans and development of tactics to achieve them
Drive maintenance and updating of departmental procedures
Leveraging portfolio management tools and techniques, enhance self and team’s overall knowledge and expertise of the book of business
Creatively identify additional sources for sales growth (book rolls, etc.) based on competitive intelligence and agency management
Agency Management: Work with Field Agency Managers to recognize and analyze agency performance, working with management to make appropriate adjustments to drive increased growth and/or profitability
Key Capabilities for Success
Technical Underwriting
Interpersonal effectiveness
Leadership impact
Business management skills
Personal effectiveness
Qualifications
High School Diploma or equivalent Required
Bachelor’s Degree Preferred
3‑6+ years of experience in P&C underwriting or equivalent relevant, related experience
Excellent oral and written communication, listening, team building, organizational and negotiation skills
Relationship management experience and proven ability to manage conflict and drive sales
Time management skills that support the achievement of goals and objectives
Knowledge of insurance products, underwriting guidelines and philosophy
Skilled in the areas of account planning, account selling and product strategies
Demonstrated ability to analyze and proactively respond to market needs and trends by recommending programs that are mutually beneficial and profitable to the Agency and the Company
Demonstrated ability to excel in an underwriting role/environment
Valid driver’s license and ability to travel up to 10% of the time regularly, more travel may be required as business needs dictate
Job Details
Seniority level: Associate
Employment type: Full‑time
Job function: Business Development
Industry: Insurance
About Us As a mutual company, we are independent by nature, so we think about insurance solutions a little differently. Through listening, problem solving, examining your challenges and collaborating on the right solutions for you, Preferred Mutual independent agents provide flexible solutions and adapt to your evolving needs. We do the same for our employees. We are process and domain experts, focused on the solutions that deliver results for our clients and our company. We offer a great work environment, professional development, challenging careers, and competitive compensation. With Preferred, there are no surprises. You can count on us to deliver on our promises and be there when you need us, as your insurance provider and your employer.
Preferred Mutual is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
Disclaimer This role (job) description indicates in general terms, the type and level of work performed as well as the typical responsibilities of employees in this classification. The duties described are not to be interpreted as being all-inclusive to any specific employee. Management reserves the rights to add, modify, change or rescind the work assignments of different positions and to make reasonable accommodations so that qualified employees can perform the essential functions of the job. Nothing in this position description changes the at‑will employment relationship existing between Preferred Mutual Insurance Company and its employees.
Salary Range The salary range for this role is $82,500 to $116,000 per year paid on a salaried basis. The rate offered to any candidate will be reflective of the candidate’s experience and any relevant education, certification, or qualifications related to their ability to perform the responsibilities of this position as permitted by law.
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Location & Travel Ideal candidate will reside in or in close proximity to the Lower Hudson Valley, NY.
Travel requirements to be discussed during the interview process but will be a minimum of 10%.
Benefits
Short-term disability, long-term disability, and life insurance coverage are provided at no cost
Optional benefits include enhanced life insurance and critical illness plans
401k plan with an employer contribution that you will receive regardless of your own contribution to the plan
Student Loan Repayment Assistance
A short-term incentive plan for all employees
Generous paid time off, offering 25 days at hire (prorated based on start date for the first year)
7 days of paid sick leave
10 paid company holidays
Personalized paid time off after 3 years!
Access to 26 sessions with a BetterHelp therapist each year for you and up to 5 dependents, as well as access to all of BetterHelp’s group and digital resources
Access to Family First, a team of care experts who can provide you and your loved ones 1:1 assistance with a variety of caregiving solutions, from elder care to legal and financial challenges, insurance and Medicare navigation, and more!
Medical, dental, and vision coverage options begin on the first day of employment
Health Savings Accounts (with a generous employer contribution)
Purpose & Function Senior Underwriters are responsible for driving profitable growth of the business unit by underwriting new/renewal policies within assigned authority, and building and maintaining strong agency relationships, partnering with agency staff and Field Agency Managers. The UW should work closely with the Underwriting Assistants and Business Services staff, following established workflows, to ensure all policies are underwritten in the most efficient and effective manner while meeting service standards and performance goals.
Responsibilities
Cultivate, review, and underwrite new and renewal policy accounts with assigned agents
Ensure proper classification and pricing of individual risks, leveraging company models in addition to individual risk underwriting
Perform selection or rejection of insurance risks in accordance with company standards and procedures as outlined in underwriting guidelines
Apply sales and marketing techniques and efforts towards meeting Business Unit and agency goals
Foster and maintain key Agency relationships within assigned Agency base
Drive sales/growth within assigned Agency base, meeting production, retention, rate and profitability goals within the territory
Maintain external visibility with agency partners via a combination of in-person travel, virtual meetings and proactive phone/email communications
Demonstrate technical expertise in product offerings, forms, policy language, (including competitor offerings) etc.
Assist in the development and delivery of training to departmental peers in a mentoring capacity
Provide insight to Product Team to help with prioritization and delivery of key products
Provide insight to Actuarial Team to aid in setting product pricing/rate setting
Actively contribute to agency reviews including development of agency financial plans and development of tactics to achieve them
Drive maintenance and updating of departmental procedures
Leveraging portfolio management tools and techniques, enhance self and team’s overall knowledge and expertise of the book of business
Creatively identify additional sources for sales growth (book rolls, etc.) based on competitive intelligence and agency management
Agency Management: Work with Field Agency Managers to recognize and analyze agency performance, working with management to make appropriate adjustments to drive increased growth and/or profitability
Key Capabilities for Success
Technical Underwriting
Interpersonal effectiveness
Leadership impact
Business management skills
Personal effectiveness
Qualifications
High School Diploma or equivalent Required
Bachelor’s Degree Preferred
3‑6+ years of experience in P&C underwriting or equivalent relevant, related experience
Excellent oral and written communication, listening, team building, organizational and negotiation skills
Relationship management experience and proven ability to manage conflict and drive sales
Time management skills that support the achievement of goals and objectives
Knowledge of insurance products, underwriting guidelines and philosophy
Skilled in the areas of account planning, account selling and product strategies
Demonstrated ability to analyze and proactively respond to market needs and trends by recommending programs that are mutually beneficial and profitable to the Agency and the Company
Demonstrated ability to excel in an underwriting role/environment
Valid driver’s license and ability to travel up to 10% of the time regularly, more travel may be required as business needs dictate
Job Details
Seniority level: Associate
Employment type: Full‑time
Job function: Business Development
Industry: Insurance
About Us As a mutual company, we are independent by nature, so we think about insurance solutions a little differently. Through listening, problem solving, examining your challenges and collaborating on the right solutions for you, Preferred Mutual independent agents provide flexible solutions and adapt to your evolving needs. We do the same for our employees. We are process and domain experts, focused on the solutions that deliver results for our clients and our company. We offer a great work environment, professional development, challenging careers, and competitive compensation. With Preferred, there are no surprises. You can count on us to deliver on our promises and be there when you need us, as your insurance provider and your employer.
Preferred Mutual is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
Disclaimer This role (job) description indicates in general terms, the type and level of work performed as well as the typical responsibilities of employees in this classification. The duties described are not to be interpreted as being all-inclusive to any specific employee. Management reserves the rights to add, modify, change or rescind the work assignments of different positions and to make reasonable accommodations so that qualified employees can perform the essential functions of the job. Nothing in this position description changes the at‑will employment relationship existing between Preferred Mutual Insurance Company and its employees.
Salary Range The salary range for this role is $82,500 to $116,000 per year paid on a salaried basis. The rate offered to any candidate will be reflective of the candidate’s experience and any relevant education, certification, or qualifications related to their ability to perform the responsibilities of this position as permitted by law.
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