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Preferred Risk Insurance Jobs in New Jersey (NOW HIRING)

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Risk Underwriter

Princeton, NJ · Hybrid

As a member of the US Risk Underwriting team you will be expected to perform the following ... insurance focus. Four-year College degree in Finance and MBA is preferred. * Minimum 5 years in a ...

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Risk Underwriter

Princeton, NJ · On-site

As a member of the US Risk Underwriting team you will be expected to perform the following ... insurance focus. Four-year College degree in Finance and MBA is preferred. * Minimum 5 years in a ...

Coface

Risk Underwriter

Princeton, NJ · Hybrid

As a member of the US Risk Underwriting team you will be expected to perform the following ... insurance focus. Four-year College degree in Finance and MBA is preferred. * Minimum 5 years in a ...

Coface

Risk Underwriter

Princeton, NJ · Hybrid

As a member of the US Risk Underwriting team you will be expected to perform the following ... insurance focus. Four-year College degree in Finance and MBA is preferred. * Minimum 5 years in a ...

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Preferred Risk Insurance information

What are the key skills and qualifications needed to thrive as a Preferred Risk Insurance Underwriter, and why are they important?

To thrive as a Preferred Risk Insurance Underwriter, you need a solid understanding of risk assessment, insurance policies, and underwriting principles, typically supported by a bachelor's degree in finance, business, or a related field. Familiarity with underwriting software, industry databases, and insurance regulations is crucial, and professional certifications like CPCU or AU are often preferred. Strong analytical thinking, attention to detail, and effective communication are vital soft skills for evaluating applications and collaborating with agents or clients. These skills ensure accurate risk evaluation, profitable decision-making, and regulatory compliance within the insurance industry.

What are some common challenges faced by professionals working in Preferred Risk Insurance, and how can they effectively address them?

Professionals in Preferred Risk Insurance often face the challenge of accurately assessing and underwriting applicants who fall within favorable risk categories, while ensuring compliance with regulatory standards. Balancing competitive pricing with profitability is another key challenge, as is staying updated on evolving risk factors and industry trends. To address these issues, it's important to maintain strong analytical skills, foster clear communication with underwriting and sales teams, and regularly participate in training sessions or industry seminars. Collaboration with actuaries and claims specialists is also essential to ensure consistent risk evaluation and policy management.

What is Preferred Risk Insurance?

Preferred Risk Insurance refers to insurance policies offered to individuals or businesses that are considered low risk by insurance companies. These policyholders typically have a favorable claims history, good credit, and other positive risk factors, which can result in lower premiums and better coverage options. Preferred risk categories exist in various types of insurance, including auto, home, and life insurance, and are used by insurers to reward responsible customers. Being classified as a preferred risk can help you save money and access more comprehensive insurance products.

What is the difference between Preferred Risk Insurance vs Commercial Insurance Agent?

AspectPreferred Risk InsuranceCommercial Insurance Agent
CredentialsLicenses required, often with specific state certificationsSame licenses, may require additional certifications for commercial policies
Work EnvironmentPrimarily office-based, handling personal insurance policiesOffice and client meetings, handling business and commercial policies
Industry UsageUsed by insurance companies to classify low-risk clientsUsed by agents to sell various insurance products, including commercial policies

Preferred Risk Insurance typically refers to clients or policies with lower risk profiles, often handled by agents specializing in personal insurance. Commercial Insurance Agents focus on selling policies for businesses, which usually involve higher risks. While both roles require licensing and industry knowledge, Preferred Risk Insurance emphasizes low-risk personal policies, whereas Commercial Insurance Agents deal with business-related coverage.

What are popular job titles related to Preferred Risk Insurance jobs in New Jersey? For Preferred Risk Insurance jobs in New Jersey, the most frequently searched job titles are:
What job categories do people searching Preferred Risk Insurance jobs in New Jersey look for? The top searched job categories for Preferred Risk Insurance jobs in New Jersey are:
What cities in New Jersey are hiring for Preferred Risk Insurance jobs? Cities in New Jersey with the most Preferred Risk Insurance job openings:
Preferred Risk Insurance jobs near you
Risk Manager - Insurance

Risk Manager - Insurance

Insurance Office of America

Trenton, NJ

$110K - $145K/yr

Full-time

Medical, Retirement

Posted 17 days ago

Insurance Office Of America rating

8.6

Company rating: 8.6 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

74th of 261 rated insurance

Job description

Description

Job Description:

Title: Risk Manager - Insurance 

Fully Remote: applicants in Eastern or Central Time Zone
Supporting: Longwood, FL | Required: Bachelor’s degree in Risk Management, Finance, Business, Insurance (or a related field), active P&C license
Please note: If this position is posted as either fully remote and/or hybrid, in accordance with company policy, individuals residing within a 50-mile radius of a branch location may be required to work onsite in a hybrid capacity as there may be occasions when on-site presence is necessary to meet specific business needs. Additionally, our remote work policy includes having a dedicated, distraction-free workspace. Remote work is not a substitute for childcare, elder care, or other personal responsibilities during working hours. To view our branch locations, please visit: ioausa.com/locations 
 

About the Role: The Insurance Broker – Risk Manager is responsible for identifying, assessing, and mitigating organizational risk through the design, placement, and ongoing management of insurance and risk financing programs. This role acts as a strategic advisor to clients or internal stakeholders, aligning insurance solutions with business objectives while ensuring regulatory compliance, cost efficiency, and effective claims management. 

 
Key Responsibilities: 

  • Risk Assessment: Conduct comprehensive risk evaluations across property, casualty, liability, professional, cyber, and related exposures to identify risk profiles. 

  • Exposure Analysis: Analyze loss history, operations, and contractual obligations to determine coverage requirements and risk tolerance. 

  • Risk Mitigation Strategy: Develop and implement strategies, including loss control and prevention initiatives, to reduce exposure and improve outcomes. 

  • Program Design & Placement: Design and structure insurance programs that align with client or organizational needs and risk profiles. 

  • Carrier Marketing & Negotiation: Market programs to carriers, negotiating terms, coverage, and pricing to achieve optimal results. 

  • Alternative Risk Solutions: Advise on risk financing strategies such as captives, self‑insurance, deductibles, and retention structures. 

  • Client Advisory: Serve as a trusted advisor to clients and leadership, providing guidance on risk management strategies and insurance solutions. 

  • Proposal & Renewal Strategy: Prepare and present risk analyses, insurance proposals, and renewal recommendations to stakeholders. 

  • Policy Administration: Review policies, endorsements, and certificates to ensure accuracy, adequacy, and proper coverage alignment. 

  • Compliance Management: Ensure adherence to regulatory requirements, contractual obligations, and internal risk management standards. 

  • Claims Oversight: Oversee claims reporting and resolution, coordinating with carriers, adjusters, and legal partners to drive favorable outcomes. 

  • Claims Analysis: Monitor claim trends and recommend corrective actions to reduce future losses and improve performance. 

  • Carrier & Stakeholder Collaboration: Partner with carriers and internal teams including Legal, Finance, HR, and Operations to align risk strategies. 

  • Market & Risk Intelligence: Stay informed on market trends, emerging risks, regulatory changes, and industry developments to provide proactive recommendations. 

  • Champion IOA Values: Demonstrate integrity and leadership. 

 
Ideal Candidate Qualifications: 

  • Bachelor’s degree in Risk Management, Finance, Business, Insurance, or related field; advanced degree preferred 

  • 5–10+ years of experience in insurance brokerage, risk management, or commercial insurance consulting. Active property & casualty licensing.

  • Proven expertise managing complex insurance programs and client relationships 

  • Professional designations such as CPCU, ARM, or CRM preferred; active insurance licensing as required 

  • Strong knowledge of commercial insurance products, coverage structures, and risk transfer strategies 

  • Excellent analytical, financial, negotiation, and problem‑solving skills 

  • Outstanding communication and presentation abilities with a consultative, relationship‑driven approach 

  • High attention to detail, strong organizational skills, and ability to manage multiple priorities 

 
What We Offer: 

  • Competitive salaries and bonus potential 

  • Company-paid health insurance 

  • Paid holidays, vacations, and sick time 

  • 401K with employer match 

  • Professional growth and career progression opportunities 

  • Respectful culture and work/family life balance 

  • Community service commitment 

  • Supportive teammates and a rewarding work environment 

 
What to Expect (Application Process): 

  • 30-Minute Phone Screen, Online Assessments, and Interview(s) 

Salary Range

The expected pay range for this position is $110,000.00 to $145,000.00 per year, depending on experience, relevant skills, and geographic location.

Insurance Office of America is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

Summary

The Insurance Broker – Risk Manager is responsible for identifying, assessing, and mitigating organizational risk through the design, placement, and ongoing management of insurance and risk financing programs. This role acts as a strategic advisor to clients or internal stakeholders, aligning insurance solutions with business objectives while ensuring regulatory compliance, cost efficiency, and effective claims management.

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