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Preferred Risk Insurance Jobs in New Jersey (NOW HIRING)

Risk Director

Warren, NJ · On-site +1

$116K - $150K/yr

... general insurance underwriting, market, credit, CAT (natural and man-made) and other risks ... Nearqualified or fully qualified actuary preferred (e.g., FIA, FSA, FCIA, FCAS, FIAA, AIA, ASA ...

Risk Director

Warren, NJ · On-site +1

$116K - $150K/yr

... general insurance underwriting, market, credit, CAT (natural and man-made) and other risks ... Nearqualified or fully qualified actuary preferred (e.g., FIA, FSA, FCIA, FCAS, FIAA, AIA, ASA ...

Risk Manager

Berkeley Heights, NJ · On-site

$87K - $146K/yr

Medical, dental, vision, life, and disability insurance options available from day one * Retirement ... Complete the step-by-step profile and attach your resume (either is acceptable, both are preferable)

Medical, dental, vision, life, and disability insurance options available from day one * Retirement ... Complete the step-by-step profile and attach your resume (either is acceptable, both are preferable)

Insurance Producer

Margate City, NJ · On-site

$19.23 - $24.03/hr

As a key player on our high-performing team, you'll assess client risk, deliver customized coverage ... Associate's degree or equivalent work experience and knowledge; bachelor's degree preferred.

... insurance, short term and long term disability, and the Bank's 401k Plan. Position Summary: The ... • Preferred Certified Enterprise Risk Professional designation • 4-7 years risk/audit ...

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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 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:

Account Executive II - Commercial Lines, Insurance

Provident Bank

Iselin, NJ

$75K - $95K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago


Job description

About Provident Protection Plus 

Provident Protection Plus (PPP) is the insurance subsidiary of Provident Bank. PPP operates as a full‑service insurance agency, offering commercial and personal insurance solutions designed to help clients identify, manage, and protect against risk. In addition to insurance placement, PPP provides consultative risk management expertise and works closely with clients to deliver tailored coverage solutions.

 

POSITION SUMMARY

The Account Executive II – Commercial Lines supports Account Managers within the Commercial Lines department while interacting daily with clients and insurance carriers. This role is designed to foster continued learning and professional growth in the insurance field, provide exposure to the Provident Protection Plus business, and contribute meaningfully to the team’s daily operations. The Account Executive supports routine client service and account management activities while managing an assigned workload of their own.

 

KEY RESPONSIBILITIES:

  • Provide administrative support, including updating client files and responding to client correspondence
  • Support Commercial Lines team members across multiple office locations, as needed
  • Service and manage a dedicated book of business, including:
    • Client and carrier calls
    • Audits, cancellations, and billing inquiries
    • Renewal submissions and negotiations with carriers
    • Issuance of Certificates of Insurance and Evidence of Property Insurance
    • Processing policy change requests
  • Perform billings for agency‑billed policies and assist with direct‑billed policies when required
  • Perform other duties as assigned

SKILLS AND TRAINING REQUIRED:

  • Customer service experience
  • Commercial Lines experience preferred
  • Deadline and detail-oriented
  • Organized and collaborative
  • Familiarity with Windows software
  • Ability to build rapport with clients and underwriters

WORK EXPERIENCE

  • Ability to perform all responsibilities associated with the Account Executive role
  • Minimum of 3 years of insurance industry experience managing a book of business and/or clients

EDUCATION:

  • High School Degree or GED required
  • Bachelor’s Degree preferred
  • Risk Management Degree preferred

LICENSES AND/OR CERTIFICATES:

  • Active license in Property & Casualty

 

OTHER DUTIES: Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

WORKING CONDITIONS:
  • Prolonged sitting
  • Lifting from 5 to 10 lbs (printer paper, storage boxes)
  • Occasional bending or overhead lifting (storing files or boxes)

Work is performed in a normal office environment. Noise levels are usually moderate. May also involve travel to customers and property locations.

This job description may not be all-inclusive.  Employees are expected to perform other duties as assigned and directed by management.  Job descriptions and duties may be modified when deemed appropriate by management.
Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.
 
We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.

Pay Details:
$75,000 - $95,000/ annually


Please note, the base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, education, geographic location, internal equity, and other applicable business and organizational needs. This role is incentive eligible based upon company, business, and/or individual goal achievement and performance.
Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank’s Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan. In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance. Company sponsored Tuition Disbursement and Loan Repayment programs are also available. Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.