- Salary
- $95k – $125k
- Location
- Boston, MA
- Workplace
- Hybrid
- Type
- Full-time
- Department
- Insurance
- Closing date
- Today
- Source
- Vincere
Description
Production Binding Underwriter (Commercial & Personal Lines)
Job Summary
Seeking experienced and driven Production Binding Underwriters specializing in Commercial Lines and Personal Lines to join a dynamic team. This role offers a unique opportunity to inherit an established book of business with significant revenue potential and strong agent relationships. The ideal candidate will have a proven track record in underwriting, exceptional sales and marketing skills, and the ambition to grow and maintain a thriving book of business.
Compensation Package
- Base Salary: $95,000 - $125,000 (potential to exceed $135,000 for candidates with a significant book of business and strong relationships)
- Bonus Structure: Commission eligibility begins after generating 2x base salary in revenue and covering support staff costs
- Additional Benefits:
- Employer-paid continuing education courses and designations
- Comprehensive health, vision, and dental insurance
- Paid vacation, sick time, and holidays
- Access to wellness programs
- Flexible and hybrid work options
Responsibilities
- Build, maintain, and grow a book of business through new business production and renewals
- Manage agency relationships and serve as the primary client contact
- Develop and execute marketing strategies to drive business growth
- Rate, quote, and bind risks to determine acceptability, coverage, and pricing for complex renewals and new business
- Submit underwriting referrals to company brokerage facilities and management
- Monitor key performance metrics and implement corrective actions to improve new business hit rates, renewal retention, premium growth, and loss ratios
- Lead, train, and mentor Assistant and Associate Underwriters
Qualifications/Requirements
- Bachelor’s degree or equivalent combination of education and experience
- Minimum of 3 years of commercial lines underwriting or brokerage experience (excess & surplus experience preferred)
- Demonstrated proficiency in sales and marketing with a proven ability to build and maintain client relationships
- Strong organizational skills and attention to detail
- Interest in continued education and professional development
- Insurance license, CPCU, CIC, or comparable designations preferred
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Skills
Underwriting