Commercial Underwriter - Community Associations
NEW YORK, NY
Full Time
Underwriting
Mid Level
Distinguished Programs is a leading national insurance Program Manager providing specialized insurance programs to brokers and agents with specific expertise in Real Estate, Community Associations, Hospitality, Fine Art/Collectibles, Restaurants, Inland Marine, Executive Lines and Construction Professionals & Environmental. Distinguished partners with a select group of highly rated insurance companies to provide exclusive programs to our national network of 4,000 agencies and brokerages. You will have an opportunity to work with an energetic, passionate team that is committed to growth by helping our customers grow their business and building a best-in-class system, as well as a great place to work.
The Commercial Underwriter in the Community Associations program (Community Association Package Insurance - Distinguished) specializes and serves a variety of associations such as Condo, HOAs, and Co-Ops. You will work closely with brokers to ensure the accuracy of underwriting information, determine eligibility within program guidelines, work within your individual underwriting authority. One crucial aspect of this role is to ensure that all underwriting files contain the necessary and mandatory documentation.
RESPONSIBILITIES
LOCATION
COMPENSATION AND PERKS
CORE VALUES
Our Core Values define our business. At Distinguished Programs you will achieve goals focused in the best interest of our customer. INTEGRITY plays a crucial role in the way Distinguished does business. INNOVATION enables us to remain an industry trendsetter. You will be involved in projects that advance our products, processes, and people! You will collaborate with leaders in the organization and build RELATIONSHIPS with your colleagues, carriers and customers. Capitalize on your interests and strengths to drive an enrichment focused path allowing your determination to launch your career in an industry of endless opportunities. Bring your passion to the work you do, the people you impact and the success we ACHIEVE together. Acceptance and appreciation for diversity and inclusion are at our core.
#LI-Hybrid
#LI-MJ1
The Commercial Underwriter in the Community Associations program (Community Association Package Insurance - Distinguished) specializes and serves a variety of associations such as Condo, HOAs, and Co-Ops. You will work closely with brokers to ensure the accuracy of underwriting information, determine eligibility within program guidelines, work within your individual underwriting authority. One crucial aspect of this role is to ensure that all underwriting files contain the necessary and mandatory documentation.
RESPONSIBILITIES
- Manage renewal list to maximize policy retention including midterm servicing with various carriers and brokers, and evaluate new submissions to ensure proper risk selection, premium and coverage, within your authority in an assigned territory.
- Underwrite community association risks within the granted level of authorities by identifying and analyzing risk exposures, loss frequency and severity against desired coverage.
- Navigate our online broker portal to complete tasks and troubleshoot.
- Consult with clients on coverage and terms while adhering to rating rules with proper file documentation.
- Monitor data entry and processing to ensure data integrity.
- Communicate with insurance brokers to obtain information needed to underwrite risks, respond to questions and address issues.
- Develop relationships with both external and internal customers, with the "customer experience" in mind, and deliver exceptional experiences with every interaction, in all modes of communication.
- Work independently within deadlines while understanding the necessity for appropriate prioritization, communicating and coordinating work efforts with stakeholders.
- Maintain quality control, compliance and proper documentation.
- Gather competitor information and market intelligence, and understand trends to identify opportunities for improvements to products and pricing.
- Serve as back-up support to other team members on an as needed basis.
- Other duties as assigned.
SKILLS & QUALIFICATIONS
- Bachelor’s degree or equivalent combination of education and experience.
- Minimum 3 years of commercial package insurance underwriting experience.
- Community Associations/Lesser's Risk/Real Estate insurance knowledge is a plus.
- Desire to learn D&O, crime, and umbrella policies.
- Property and Casualty insurance license required (6 month preparation time permitted).
- Aptitude for computer-based work; ability to achieve technical skills with Distinguished’s software applications.
- Detail oriented, possess strong organizational skills including time-management and the ability to prioritize amongst various immediate needs.
- Strong verbal and written communication skills including phone skills.
- Analytical and quantitative skills.
- Ability to develop working relationships with both internal and external customers. High level of interpersonal skills to deal effectively with retail insurance brokers and co-workers.
- Ability to work under pressure, meet deadlines, and comfortably adapt to change.
- Must be self-driven, detail oriented, flexible/adaptable, comfortable in a growing ever-changing organization, and have strong organizational skills including time-management and prioritization.
- Some travel may be required from time to time for team and broker meetings.
LOCATION
- This is a hybrid role that reports to our NYC - Midtown Manhattan office with flexible work from home options available.
COMPENSATION AND PERKS
- $60,000 - $85,000 base salary plus yearly cash bonus. Salary commensurate with knowledge, skills, experience, and geographic location.
- Summer Fridays (Leave at 2:00PM all Fridays from Memorial Day to Labor Day).
- Great healthcare coverage including Medical, Vision, and Dental.
- 401k with 4% company match. Immediately 100% vested.
- Life, disability and supplemental insurance.
- Growth and development opportunities.
- Wellness Benefits including an Employee Assistance Program, Telemedicine, and Peloton App Digital Membership for 1 year (or if you have Peloton equipment, receive a 4-month waiver
- Work/Life Balance with generous time off policy including PTO and paid holidays, Summer Hours, Dependent Daycare flexible spending account, paid parental (primary or secondary caregiver) leave, a commuter account, and a sabbatical every 7 years.
CORE VALUES
Our Core Values define our business. At Distinguished Programs you will achieve goals focused in the best interest of our customer. INTEGRITY plays a crucial role in the way Distinguished does business. INNOVATION enables us to remain an industry trendsetter. You will be involved in projects that advance our products, processes, and people! You will collaborate with leaders in the organization and build RELATIONSHIPS with your colleagues, carriers and customers. Capitalize on your interests and strengths to drive an enrichment focused path allowing your determination to launch your career in an industry of endless opportunities. Bring your passion to the work you do, the people you impact and the success we ACHIEVE together. Acceptance and appreciation for diversity and inclusion are at our core.
#LI-Hybrid
#LI-MJ1
Distinguished Programs, LLC is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected Veteran status.
All your information will be kept confidential according to EEO guidelines
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