- Salary
- $80k – $125k
- Type
- Full-time
- Department
- Insurance
- Closing date
- Today
- Source
- Vincere
Description
Commercial Lines Casualty/Excess Casualty Production Binding Underwriter
Job Summary
Seeking experienced and driven Commercial Lines Casualty/Excess Casualty Production Binding Underwriters to join a growing team. This role is focused on new business production, offering an exciting opportunity for professionals with strong marketing capabilities, proven sales acumen, and the ambition to build and grow a book of business from the ground up. If you are currently managing your own book of record (BOR) or are ready to transition into a production role, we encourage you to apply.
Compensation Package
- Base Salary: $80,000 – $125,000 (potential to exceed $135,000 for candidates with a significant book of business and strong relationships).
- Bonus Structure (Commission-Based):
- Eligibility begins once the producer generates 2x their base salary in revenue and covers support staff costs.
- Example: A $100,000 base salary requires $200,000 in revenue (~$2M GWP) to qualify for commission.
- Equity Participation: Opportunity for future equity participation in a privately held company.
- Comprehensive benefits package, including support for licensure costs.
Responsibilities
- Build, maintain, and grow a book of business.
- Manage agency relationships and serve as the primary client contact.
- Develop and execute a marketing plan to increase new and renewal business.
- Rate, quote, and bind risks to determine acceptability, coverage, and pricing for both new business and renewals.
- 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 develop Assistant and Associate Underwriters or Brokers.
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.
- Proven organizational skills with strong attention to detail.
- Interest in continued education and professional development.
- Insurance license, CPCU, CIC, or comparable designations preferred.
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Skills
Underwriting
