Casualty Binding Production Underwriter New York
New York City, NY - USA
Job Summary
Commercial Lines Casualty/Excess Casualty Production Binding Underwriter
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.
- Base Salary: $80000 $125000 (potential to exceed $135000 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 $100000 base salary requires $200000 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.
- 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.
- Bachelors 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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About Company
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