underwriter

PARESH V. SHAH

*** *********** **, ********* ********, NJ 08550

PHONE: 732-***-**** • E-MAIL: *************@*****.***

VALUE OFFERED

Relationship Building – Exemplifying solid interpersonal and communication skills to create nurture and maintain strong business and client relationships.

Knowledge and Expertise – SME in all areas of underwriting, risk planning, and accounting, combined with ability to follow proper protocol, conduct and compliance guidelines

Customer Service – Ability to provide innovative thinking and leadership attributes to ensure high client satisfaction. Optimizing service delivery using strong decision-making and critical thinking skills,

Organization and Leadership – Demonstrating high levels of personal commitment and dedication. Highly efficient in time management and multitasking with the ability to balance competing priorities.

PROFESSIONAL EXPERIENCE

Medical Mutual of Ohio Langhorne, PA - 10/16 to 02/17 Sales Agent

Listen and record information simultaneously for the Sales and enrollment processing for the Medicare beneficiaries at the call center in PA.

Determine coverage exposure and providing detail of benefits, coverage, deductibles and complete as necessary.

Petrone Associates Inc (Guardian Life Insurance Co), Princeton, NJ 12/09 to Present Insurance Broker

Farmers Insurance Co Cherry Hill, NJ 06/12 to Present Agency Producer

Providing solutions, after initial underwriting of the applications submitting for individuals, Personal lines, Individual Life, Auto and Home; commercial businesses for Worker’s Comp, Business Liability and many more products.

Providing and preparing after initial underwriting of the applications for the individual life insurance, reviewing medical underwriting, analysis and submitting. Consulting with families on the importance of risk management vehicles ranging from Whole/Term Life, Health, Long-term Care and Disability Insurance.

Advise local business owners to an understanding of modeling, strategies, with the evaluation and recommendation of alternative coverage, pricing options and solutions for Small Business Planning.

Collabera Morristown, NJ – 07/13 to 12/13 Commercial SBA Underwriter at Charlotte, NC

Commercial Underwriter of Small Business Administration (SBA) Loan Transactions for SunTrust Bank a client of Accenture Credit Services, to fulfill a temporary need during a corporate transaction. SBA transactions of 7a Loans.

Perform, prepare plan design for underwriting, financial, and risk analysis support for the clients by utilizing modeling tools and various reporting techniques.

Responsible for clients’ benefits marketing process of data acquisition, proposal preparation, vendor question resolution; rates plan options, review, evaluation and analysis to determination and recommendation with various calculative reports.

Analyses by reviewing of credit, tax, and business financial reports; market analysis and underwriting of Small Businesses which involves determination and decisions of approval, declining and withdrawals.

Maya Assurance Company, Long Island City, NY - 02/06 to 08/09 Underwriting Manager

Approved and qualified $25MM+ in premium for policies in new and renewal businesses that related to commercial auto insurance for the five boroughs of New York

Oversaw initial and ongoing aspects of a startup growth and development that ranged from operational decisions, company guidelines and handbook, to solidifying the ideal premium rating system

Consistently delivered high level performance and achievement in a fast paced competitive sales environment which led to becoming the agencies top revenue producer through new business production and renewal retention, leading to 80% of the underwriting business

Evaluated new policies for worker compensation coverage – as the agency required that new businesses must provide employees with coverage to be eligible for black car application

Worked closely with the CEO in achieving operating and business plan objectives through forecasting, marketing, and workflow requirements

Mentored, coached, and trained over 50 agents on new and existing products by assisting in sales efforts and informing the agent about the company’s products so they could sell to their client base

Utilized strong technical business knowledge to establish underwriting guidelines, and business objectives for the firm. Weekly interaction with claim department’s representative for reviewing physical damage, comprehensive and collisions, discussions and advising for the settlements of the claims with State regulations and guidelines. Determining renewal policies rating with losses factors.

Efficiently assessed the risk of existing and prospective insured through research, financial analysis, and client meetings

Bridge Financial Group of Met Life, Staten Island, NY - 12/05 to 05/06 Financial Representative

Provided Life and Health Insurance products to individuals on an as needed based

Strategizing and developing strategies to target and penetrate particular populations within the tri-state

Collaborated closely with Met Life officials and numerous private national insurance companies

Developed and maintaining strategic business alliances promoting continued growth

Self-Employed - 02/04 to 12/05 Mortgage Loan Officer

Directly contributed to affiliated financial institutions by offering expertise, reliability, and continuity in residential and commercial (SBA-504 and 7(a) Loan)area of mortgages and loan advisory division

Provided exemplary standards of financial support to a diverse clientele by developing highly effective investment strategies and creating customized loans that consistently exceeded client expectations

Functioned as an information resource and SME to clients and provided targeted advice regarding investment opportunities

Planed and executed real estate transactions in accordance with client’s requirements and utilized strong analytical skills to assess properties and forecast return on investment.

American Transit Insurance Company, New York, NY - 01/97 to 02/04 Underwriter and Compliance Officer

Assessed $50MM+ per year in premium for policies in new and renewal business for commercial auto insurance through the five boroughs of New York

Reviewed applications of insurance requirements for risks requiring complex underwriting skills and ensured that all policies were in accordance with company guidelines and analyzed the need for additional evidence of insurability. Continuation during renewal season interaction with claim department’s representative for reviewing physical damage, comprehensive and collisions, discussions and exchanging opinions, ideas and advising for the settlements of the claims with State regulations and guidelines. Determining renewal policies rating with losses factors.

Developed and maintained agency and broker relationships by conducting meetings and having routine conversations about leveraging opportunities that surfaced through the partnerships

Trained dozens of assistants in the underwriting department to improve efficiency and accommodate the scale of the company throughout its expansion stages

Regulated appropriate pricing based on financial and competitive analysis in line with compliance requirements

Prepared quotes and replies to agencies, policyholders and other external contacts and negotiated with agents to achieve positive and profitable outcomes

Analyzed quality and quantity of risk underwritten, and prepared reports for management review

Worked within specific limits of authority on assignments requiring significant technical complexity and coordination

EDUCATION

CompUSA, Edison, NJ Diploma 1998 Major: Certified in computers

BANDRA SCHOOL OF ARTS, Mumbai, India Diploma 1979 Major: Interior Design

ADDITIONAL SKILLS

Computer Skills: Microsoft Office Suite, Adobe, and Multimedia Programs

Language Skills: Trilingual in Hindi, Gujarati and English

LICENSES

Life and Health ; Property and Casualty NJ State

Life NY State

Health OH State

ACTIVITIES

Jain Social Group of New Jersey 2016 to Present Past President www.jsgnj.org

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