AEGIS Insurance Services, Inc. has an immediate opening for an Associate Underwriter to ensure the development and delivery of consistently superior, properly underwritten insurance products. The role involves analyzing pertinent information, understanding risk characteristics, and building relationships with brokers and risk managers to achieve optimal long-term costs of risk.
Responsibilities
- Successfully accomplish the proper underwriting of assigned accounts by evaluating the acceptability of utility and related energy risks for AEGIS coverage
- Demonstrate the ability to effectively negotiate policy terms, conditions, and pricing with Member-Policyholders and brokers with management oversight
- Facilitate the underwriting process and workflow necessary to service accounts along with the assigned Assistant Underwriter; this includes handling new and renewal submissions, rating, quoting, binding, policy issuance and endorsements and premium collections
- Meet established business plan targets, including product rate increases, premium growth, combined ratio, cross marketing, and new business objectives
- Maintain premium equity among AEGIS Member-Policyholders and maintain renewal retention ratios for assigned accounts
- Achieve and/or exceed established customer service standards and enhance relationship with Member-Policyholders and brokers through quality and excellence in service
- Demonstrate the ability to comfortably present and participate in underwriting meetings with internal and/or external audiences
- Acquire a sound understanding of and be conversant in applicable AEGIS product lines and relevant exposures and develop an in-depth knowledge and understanding of the utility and related energy industries; recognize and leverage opportunities to market additional products to assigned accounts
- Participate in special projects as assigned. Examples include maintaining exposure spreadsheets; claims review; organizing and consolidating manuscript endorsements for insurance policies; etc
Skills
- Experience that effectively demonstrates analytical thinking that identifies the potential for and extent of risk and risk related factors
- Experience that effectively demonstrates data driven decision making that leverages available information to make informed decisions
- Experience that effectively demonstrates negotiation skills that successfully achieve consensus among parties with differing viewpoints and values
- Experience that effectively demonstrates interpersonal skills that build and maintain professional relationships with customers and counterparts
- Undergraduate degree or equivalent work experience in finance, risk management, engineering, or law
- Proficiency with Microsoft Office: Specifically Word, Excel, and PowerPoint
- Ability to understand and analyze complex risks
- Willingness to travel as needed
- CPCU and/or other professional insurance or engineering related certifications/designations a plus
- P&C and/or Surplus Lines broker licenses a plus
- Working knowledge of utility industry operations and exposures a plus
- Working knowledge of property and casualty technical rating/pricing a plus
- Working knowledge of insurance policy and endorsement wording a plus
Benefits
- Health & Wellness: Medical, dental, vision, mental health support and employee assistance programs
- Retirement: 401(k) with matching contribution
- Income Protection: Life, disability, accident and critical illness insurance
- Time Off: Vacation days, sick days, holidays and family/military leave options
- Other: Commuter benefits, pet insurance, hybrid work schedule
- Growth: Tuition assistance and professional development opportunities
Company Overview
- AEGIS is a leading mutual insurance company that provides liability and property coverage, as well as related risk management services, to the energy industry. It was founded in 1975, and is headquartered in Rutherford, New Jersey, USA, with a workforce of 201-500 employees. Its website is https://www.aegislink.com.