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Production Underwriter
Westminster American Insurance Company Trenton, NJ

Production Underwriter

Westminster American Insurance Company
Trenton, NJ
Expired: over a month ago Applications are no longer accepted.
  • $70,000 to $100,000 Yearly
  • Full-Time
Job Description

 

WAIC is looking for a team member based in Maryland, Delaware, Pennsylvania, or New Jersey to help manage our Northern territories. A Production Underwriter is responsible for developing profitable premium growth in the assigned territory, making underwriting decisions that consistently follow company standards, developing and sustaining strong agency business relationships and identifying opportunities for future premium growth. Agency management, sales, and marketing activities will be a key part of this role. Time will be split for this role between agency appointments and the home office in Owings Mills, MD. This position is eligible for a 5% signing bonus.

Key Responsibilities:

  • Evaluate new business opportunities and makes profitable, individual risk judgments based on thorough understanding of WAIC’s underwriting philosophies and guidelines.
  • Develop strong business relationships with stakeholders at the agency level. Leverage new business growth using available WAIC products, knowledge of the marketplace, and competitors,
  • Identify agency appointment opportunities to achieve WAIC growth and business objectives.
  • Work closely with Marketing & Management to ensure territory business objectives are achieved, and areas of future growth are capitalized.

Key Requirements & Qualifications:

  • Bachelor’s degree or equivalent work experience.
  • Strong underwriting acumen, attention to detail, and ability to work in a fast-paced environment.
  • 3 to 5 years of P&C commercial lines underwriting experience.
  • Excellent business relationship building and sales ability.
  • Strong desk management and organizational skills, and ability to succeed in a fast-paced work environment.
  • Ability to quickly pick up understanding of WAIC underwriting systems, workflows, compliance rules, BOP, CPP, and Umbrella lines of business.
Company Description
Westminster American Insurance Company was chartered in Maryland in 1869 as the Mutual Fire Insurance Company of Carroll County (also known as “Carroll County Mutual,” or “CCM”). The founding purpose was to protect the financial interests of home and farm owners in rural Carroll County, Maryland. For more than a century, CCM enjoyed modest success as a mutual carrier.

In 2005, after acquiring the recently demutualized CCM from state-supervised rehabilitation, new ownership and management renamed the company Westminster American Insurance Company (“WAIC”). All underwriting efforts were refocused on commercial real estate in the Mid-Atlantic region.

WAIC was acquired by NI Holdings/Nodak Insurance Group in January 2020, to further diversify NI Holding’s portfolio of products and geographic footprint. With over $64 million in direct written premium, WAIC is a leading insurer of commercial real estate in the Mid-Atlantic, offering business owner’s (BOP), commercial package, and commercial umbrella policies.
Why Work Here?
We have great benefits, a fun staff, and a huge bar and lounge for employee happy hours. Relationships matter to us!

Westminster American Insurance Company was chartered in Maryland in 1869 as the Mutual Fire Insurance Company of Carroll County (also known as “Carroll County Mutual,” or “CCM”). The founding purpose was to protect the financial interests of home and farm owners in rural Carroll County, Maryland. For more than a century, CCM enjoyed modest success as a mutual carrier. In 2005, after acquiring the recently demutualized CCM from state-supervised rehabilitation, new ownership and management renamed the company Westminster American Insurance Company (“WAIC”). All underwriting efforts were refocused on commercial real estate in the Mid-Atlantic region. WAIC was acquired by NI Holdings/Nodak Insurance Group in January 2020, to further diversify NI Holding’s portfolio of products and geographic footprint. With over $64 million in direct written premium, WAIC is a leading insurer of commercial real estate in the Mid-Atlantic, offering business owner’s (BOP), commercial package, and commercial umbrella policies.

Address

Westminster American Insurance Company

Trenton, NJ
USA

Industry

Finance and Insurance

Website

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