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Binding Contract Underwriter Jobs (NOW HIRING)

Jencap

Program Underwriter-Construction

Red Bank, NJ · On-site +1

... brokerage, binding authority, and program management. The common thread woven throughout our ... Coordinate tasks with third party vendors including inspections, audits, and contract review ...

Jencap

Program Underwriter-Construction

Red Bank, NJ · On-site

... brokerage, binding authority, and program management. The common thread woven throughout our ... Coordinate tasks with third party vendors including inspections, audits, and contract review ...

Diedre Moire Corp.

Insurance Underwriter

Danbury, CT · On-site

$160K - $200K/yr

... Binding Authority MGA Managing General Agent Admitted Non Admitted General Liability GL Excess ... Nothing herein is or may be considered a promise, guarantee, offer, pledge, agreement, contract, or ...

Posted today

Diedre Moire Corp.

Insurance Underwriter

Hartford, CT · On-site

$160K - $200K/yr

... Binding Authority MGA Managing General Agent Admitted Non Admitted General Liability GL Excess ... Nothing herein is or may be considered a promise, guarantee, offer, pledge, agreement, contract, or ...

Tihinsurance

Associate Underwriting Team Lead

Manage underwriting workflow through the full lifecycle, including submissions, binding, policy ... Ability to interpret policies, contracts, and coverage structures * Strong communicationand ...

McNeil & Co.

$100 - $125/hr

Ensure placing and binding of FAC Reinsurance prior to policy inception. * Proactively develop ... Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings.

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Binding Contract Underwriter information

See salary details

$32.5K

$78.9K

$139.5K

How much do binding contract underwriter jobs pay per year?

As of Sep 9, 2026, the average yearly pay for binding contract underwriter in the United States is $78,878.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,000.00 and $87,000.00 per year, depending on experience, location, and employer.

What is a binding contract underwriter?

A Binding Contract Underwriter is an insurance professional who reviews and evaluates insurance applications for policies that are written under a binding authority agreement. This means they have the authority to accept or reject risks and issue policies on behalf of an insurance carrier, typically through a managing general agent (MGA). Their role involves assessing risk, ensuring compliance with guidelines, and managing contracts to protect the insurer from undue loss. Binding Contract Underwriters play a key role in the efficiency and profitability of specialty and surplus lines insurance markets.

What are the key skills and qualifications needed to thrive as a binding contract underwriter?

To thrive as a Binding Contract Underwriter, you need a strong understanding of insurance principles, risk assessment, and underwriting guidelines, typically supported by a bachelor's degree in finance, business, or a related field. Familiarity with underwriting software, policy management systems, and relevant certifications such as CPCU or AU are common in the role. Excellent analytical thinking, negotiation, and interpersonal communication skills help underwriters build strong broker relationships and make sound decisions under pressure. These skills are essential to accurately assess risk, ensure compliance, and maintain profitability for the insurance carrier.

What are some common challenges faced by binding contract underwriters, and how can they be addressed?

Binding Contract Underwriters often face the challenge of accurately assessing risk when working with a diverse portfolio of delegated authority accounts. Balancing the need for thorough due diligence on coverholders while meeting tight deadlines can be demanding. Effective communication with brokers and coverholders is key, as is staying updated on regulatory changes and market trends. Leveraging strong analytical skills and utilizing underwriting software can help streamline processes and reduce errors, ensuring high-quality underwriting decisions.

What is the difference between Binding Contract Underwriter vs Property Underwriter?

AspectBinding Contract UnderwriterProperty Underwriter
CredentialsTypically requires insurance licenses, underwriting certificationsSimilar credentials, often including insurance licenses and underwriting training
Work EnvironmentInsurance companies, brokerage firms, underwriting officesInsurance companies, underwriting departments, claims offices
Industry UsageCommonly used in property and casualty insuranceUsed across property, casualty, and specialty insurance sectors
Job FocusAssessing and binding insurance policies based on contractsEvaluating property risks and determining coverage terms

The main difference is that Binding Contract Underwriters focus on finalizing and binding insurance policies based on contractual agreements, while Property Underwriters primarily evaluate property risks to determine coverage options. Both roles require similar credentials and work within the insurance industry, but their specific responsibilities differ in scope and focus.

What are popular job titles related to Binding Contract Underwriter jobs?

For Binding Contract Underwriter jobs, the most frequently searched job titles are:

Infographic showing various Binding Contract Underwriter job openings in the United States as of September 2026, with employment types broken down into 86% Full Time, 7% Part Time, and 7% Contract. Highlights an 65% In-person, 14% Hybrid, and 21% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.

Program Underwriter-Construction

Red Bank, NJ • On-site, Remote

Jencap
Insurance Services • 501 - 1,000 employees
Learn more about Jencapexternal

Full-time

Medical, Retirement

Re-posted 6 days ago

Key responsibilities

  • Underwrite construction business in General Liability and Auto programs using underwriting policies, guidelines, and regulations.

  • Review, evaluate, market, price, and service new and renewal insurance applications, endorsements, and related documents within granted authority.

  • Accept, reject, classify, price, and bind insurance risks, and communicate with brokers, agents, and internal teams to support underwriting decisions and account servicing.

Job description

Why Jencap? We are one of the largest wholesale insurance intermediaries in the United States with expertise in wholesale brokerage, binding authority, and program management. The common thread woven throughout our success story is our collaborative and driven team of people. Our teams are empowered and work together to find solutions. We have a passion culture – with teamwork, collaboration and a focus on growing individuals and giving them the tools & development opportunities to have a successful career. 

Our Underwriters are responsible for managing and growing a book of profitable Construction business consisting of Commercial General Liability and Excess Liability insurance policies. This role requires experience and judgement to analyze acceptability of risk, rate, quote, bind and service policies within underwriting guidelines while retaining producer relationships.

The Experienced Underwriter will work in our Red Bank, NJ office OR Can work remotely in the Greater NY or NJ area with time in office for meetings. 

Responsibilities:

  • Underwrite construction book of business in General Liability and Auto programs utilizing sound judgment and discretion as well as relying on underwriting policies and guidelines, rating, rules and insurance laws and regulations.
  • Reviews, evaluates, markets and/or prices new and renewal applications, endorsements, and related documents within company/agency granted authority.
  • Ensure delivery, follow-up and servicing requirements of all new business and renewal accounts. Provide technical underwriting support for assigned accounts/agencies within the team as well as making individual underwriting decisions on referred accounts.
  • Accept, reject, classify, price, and bind insurance risks within granted underwriting authority. Also, broker/recommend to company underwriters beyond any authority grants. Prepare submissions for rating and handling by the staff. Effectively market and negotiate with brokers and insurance companies on individual accounts. Effective and timely communication to pursue opportunities.
  • Effectively communicate with agent or broker clients, company underwriters, internal staff, and management to obtain additional information, quote rates, present proposals, explain company underwriting policies and coverage offerings, as well as servicing existing accounts.
  • Address assigned workload within quality, productivity and service standards as established by the company/underwriting guidelines.
  • Assist in the development and implementation of new marketing strategies.
  • Appropriate and timely response to questions posed by brokers, clients, underwriters, and other team members.
  • Coordinate tasks with third party vendors including inspections, audits, and contract review services.
  • Visit brokers and company clients to enhance relationships and improve production opportunities up to and including attending trade conventions.
  • Coordinate with third party vendors including inspections, audits, and contract review services.

Requirements:

  • Bachelor's Degree or equivalent relevant work experience.
  • Three plus years of construction related underwriting experience or experience with GL and construction highly preferred.
  • Demonstrated ability to build relationships with both agencies and carriers.

The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, geographic location, and other factors. Discretionary incentive compensation may be awarded. Jencap also offers a range of benefits and programs, based on eligibility, which currently include but are not limited to; comprehensive health care coverage, a 401k plan, and tuition reimbursement.  Jencap is an emerging and rapidly growing leader in the industry and as such, we approach talent acquisition as an opportunity to identify the best talent. Therefore, the level of the role and compensation may vary depending upon the best available candidate. 

Want the opportunity to build something new? Expand your knowledge and stretch your experience through new and emerging risks? Have your voice heard, your skills properly applied, and to add tangible value to an organization? You're in the right place. 

Jencap is dynamic, bold, tenacious, and trusted in the industry. Here, you are not just one of the many, you are one of us.  We truly are better together. 

Jencap is an Equal Opportunity Employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin or citizenship status, sexual orientation, gender identity or expression, pregnancy, marital or familial status, disability status, medical condition, genetic information, military or veteran status, political affiliation, or any other characteristic protected by law. We are committed to fostering a work community where every colleague feels welcomed, valued, respected and heard, as we believe that that creating an environment where every employee feels included and empowered, helps us to deliver the best outcome to our clients.