Associate Underwriter - Product Recall (Morristown, NJ/Hybrid)

Crum & Forster (C&F), with a proud history dating to 1822, provides specialty and standard commercial lines insurance products through our admitted and surplus lines insurance companies. C&F enjoys a financial strength rating of "A" (Excellent) by AM Best and is proud of our superior customer service platform. Our claims and risk engineering services are recognized as among the best in the industry.

Our most valuable asset is our people: more than 2000 employees in locations throughout the United States. The company is increasingly winning recognition as a great place to work, earning several workplace and wellness awards, including the October 2023 Great Place to Work Award for our employee-first focus and our steadfast commitment to diversity, equity and Inclusion.

C&F is part of Fairfax Financial Holdings, a global, billion dollar organization. For more information about Crum & Forster, please visit our website: www.cfins.com.

Associate Underwriter - Product Recall

Primary Location: Morristown, NJ

What you will do:

In this position you will be responsible for assisting the underwriting staff and underwriting managers in obtaining and evaluating underwriting information for new and renewal accounts by working directly with appointed brokers and their support staff. Duties include marketing, underwriting and maintenance of policy files.

Provide quality review and act as communication conduit with operations team.
• Effectively manage renewal/expiration book for assigned underwriters.
• The AU will, after training, be granted minor underwriting authority to autonomously handle general service issues and, eventually, renewal accounts.

Underwriting responsibilities include managing a renewal book which includes quoting, completing the company pricing tools, review of policy wording's (including primary contracts when excess), and following the referral process.

1. New Business
1. Review new business submission information to determine if the account fits the Division's general underwriting appetite.
2. Determine if account exposures warrant escalation to a senior or managing underwriter.
3. Contact the broker to gather incomplete or additional supporting information.
4. Identify any third-party underwriting reports that might be needed (DnB, recall search etc.) and place them in the underwriting file.
5. Set up raters as requested by the underwriting team.
6. Follow-up on quotes with broker as necessary.
2. Renewal Business
1. Review expiration lists 90 days in advance to identify potentially problematic renewals and bring them to the underwriter's attention.
2. Generate Notice of Non-Renewal or Conditional Notice of Non-Renewal as required by individual state regulations and guidelines.
3. Review expiration lists 60 days in advance to follow-up for renewal submission information from broker.
4. Set up renewal raters with the renewal submission information.
5. Review expiration lists 30 days in advance to bring un-quoted accounts to the underwriter's attention and follow up with broker if necessary.
6. Follow-up on quotes with broker as necessary.
3. Binders & Handoff:
1. Receive order to bind from underwriter and ensure that the rating and final quote in file match on all terms, conditions and premium.
2. Ensure that all required pre-binding subjectivities have been received and reviewed.
3. Create and issue binder to broker as necessary for more complex account/policy circumstances. The role is as a liaison for manuscript endorsements and during peak underwriting/servicing periods (i.e. month end).
4. Diary any remaining post-binding subjectivities for receipt within the noted timeframe.
5. Create clear and complete policy issuance instructions for Operations Team.
6. Ensure accurately booked premiums by acting as a liaison between underwriting, operations and the broker.
7. Task bound files to Operations Team for policy issuance.
8. Provide guidance for endorsement language and coverage clarification to Operations Team.
9. Act as a conduit between underwriters and Operations Team for all items.
10. Provide final QA/QC review of policies before they are issued.
4. In-Force Account Management
1. Manage all broker of record letter issues for assigned underwriters.
2. Manage all premium finance issues and cancellations for assigned underwriters.
3. Assist underwriters in handling mid-term limit increases, project requirements and coverage changes.
5. Claims
1. Assist claims staff in procuring file and policy information as necessary.
2. Provide updates to underwriting on open claims and developments as information becomes available.
6. Projects-As assigned

The AU will remove task items from both the underwriting and operations sides of the table to streamline the processes, communication and effectiveness of all other positions. They also provide back-up and buffer for underwriting communications with brokers. The natural evolution of this position will be for the AU to gain some knowledge of underwriting thought process and rating methodology, eventually assisting with underwriting renewal accounts and then progressing into a full underwriting position.

What YOU will bring to C&F:

• Bachelor's Degree (advanced degree a plus) - all majors considered
• Strong verbal and written communication skills
• Previous Underwriting or Loss Control experience a plus
• Solid customer service and relationship building skills
• Be able to work independently as well as part of a team
• Detail oriented individual
• Excellent organizational and time management skills
• Strong experience with Outlook, Excel, Word and Adobe

What would differentiate you even more:

• Working knowledge of Microsoft Office suite of programs is necessary
• Policy manuscript wording experience
• Understanding of the manufacturing process for the food and/or auto industries

• Competitive compensation package
• Generous 401K employer match
• Employee Stock Purchase plan with employer matching
• Generous Paid Time Off
• Excellent benefits that go beyond health, dental & vision. Our programs are focused on your whole family's wellness, including your physical, mental and financial wellbeing
• A core C&F tenet is owning your career development, so we provide a wealth of ways for you to keep learning, including tuition reimbursement, industry-related certifications and professional training to keep you progressing on your chosen path
• A dynamic, ambitious, fun and exciting work environment
• We believe you do well by doing good and want to encourage a spirit of social and community responsibility, matching donation program, volunteer opportunities, and an employee-driven corporate giving program that lets you participate and support your community
  

At C&F you will BELONG

We value inclusivity and diversity. We are committed to equal employment opportunity and welcome everyone regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status. If you require special accommodation, please let us know.

For California Residents Only: Information collected and processed as part of your career profile and any job applications you choose to submit are subject to our privacy notices and policies, visit https://www.cfins.com/onlineprivacypolicy/ca/noticeatcollection/ for more information.

Crum & Forster is committed to ensuring a workplace free from discriminatory pay disparities and complying with applicable pay equity laws. Salary ranges are available for all positions at this location, taking into account roles with a comparable level of responsibility and impact in the relevant labor market and these salary ranges are regularly reviewed and adjusted in accordance with prevailing market conditions. The annualized base pay for the advertised position, located in the specified area, ranges from a minimum of $50,900.00 to a maximum of $84,900.00. The actual compensation is determined by various factors, including but not limited to the market pay for the jobs at each level, the responsibilities and skills required for each job, and the employee's contribution (performance) in that role. To be considered within market range, a salary is at or above the minimum of the range. You may also have the opportunity to participate in discretionary equity (stock) based compensation and/or performance-based variable pay programs.

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