Underwriting Associate-CL
| Company | EMC Insurance |
|---|---|
| Location | Iowa, USA |
| Salary | $23 – $35 |
| Type | Full-Time |
| Degrees | Bachelor’s, Associate’s |
| Experience Level | Entry Level/New Grad, Junior |
Requirements
- Associate degree or equivalent relevant experience
- One year of insurance industry experience or related experience
- Bachelor’s degree may be considered in lieu of the insurance industry experience requirement
- Attention to detail and accurate data entry skills
- Good personal computer skills with proficiency in Microsoft products
- General knowledge of insurance terminology
- Good problem-solving and decision-making skills
- Excellent customer service and communication skills
- Strong organizational and time management skills
- Strong negotiation skills
- Ability to work in a team setting as well as independently
- Occasional travel; a valid driver’s license with an acceptable motor vehicle report per company standards required if driving
Responsibilities
- Prepares and approves renewals within authority limits, focusing on long-term profitability, retention, and pricing goals.
- Reviews account details (coverage, claims history, updates) and assesses risk profiles for renewal eligibility.
- Prepares information for accounts outside authority limits for underwriter review.
- Communicates with agents and collaborates with underwriters to manage the agency book of business effectively.
- Ensures proper file documentation.
- Builds and maintains strong relationships with agents through regular interactions (meetings, calls, written communication).
- Provides excellent customer service to promote renewal retention.
- Addresses agents’ concerns and resolves issues collaboratively with internal teams.
- Reviews, underwrites, and approves endorsements within authority limits.
- Provides endorsement quotes and evaluates associated risks (policy coverage, loss history, claims data).
- Determines if additional information is needed for accurate decisions.
- Handles reinstatements, cancellations, and policy billing inquiries.
- Assists with tasks like ordering reports, reviewing drivers, and completing monthly projects.
- Collaborates with underwriters and territory management teams to understand risk appetite and utilize resources effectively.
Preferred Qualifications
- Bachelor’s degree may be considered in lieu of the insurance industry experience requirement