Underwriting Assistant

Underwriting Assistant

Requirements

• Understanding of insurance terminology required.
• Knowledgeable with the requirements to prepare new/renewal policy output that complies with state requirements and accurately reflects the risk details the company has agreed to insure.
• Proficiency in Microsoft Office including Word, Excel, Outlook and Access.
• 1+ years’ experience in professional liability insurance area.
• Bachelor’s degree required with focus in Risk Management/Insurance preferred.
• Strong written and verbal communication skills are essential.
• Proven analytical, decision-making, and problem-solving skills.
• Functional in a highly collaborative environment.
• Ability to work both independently and in a team environment.

Responsibilities

• Process incoming submissions, including clearance, review of information received and data entry into the system to prepare account for rating and quoting.
• Assist Underwriter with confirming new/renewal business conditions and subjectivities including review of applications, supplements, loss runs and other requested underwriting information and advising Underwriter of any discrepancies.
• Process Requests to Bind including electronic delivery of Binder Confirmations and invoices to agents; perform follow-up and resolve information discrepancies between agent requests and Underwriter prior to updating the account status.
• Prepare policy output that complies with company standards/guidelines; process non-critical service requests such as cancellation notice, name changes and address changes.
• Monitor Underwriter workflow when Underwriters are traveling and/or out of the office.
• Perform underwriting/policy audit review; summarize audit results and recommend corrective action as required.
• Participate in departmental projects as required.

Preferred Qualifications

• Bachelor’s degree required with focus in Risk Management/Insurance preferred.