Assistant Underwriter - Multiline
About The Position
SUMMARY Responsible for assisting Underwriters in reviewing, underwriting and rating broker submissions for new and renewal business. Ensures content of submissions is complete; obtains additional information from Brokers and Account Managers as needed. Works with Underwriters and markets to obtain quotes, negotiate pricing, define coverages, and determine taxes, fees & commissions. Performs all duties in accordance with all company policies and procedures, and all federal, state and local laws, wherein the Company operates. ESSENTIAL DUTIES AND RESPONSIBILITIES Reviews policies, contracts and/or programs to identify errors and omissions and discrepancies to insure agreement with application, quote, proposal, and/or binder; Assists in Underwriting risks, suggesting rates and premiums based on coverage and performs demographic analysis for new and/or renewal business; Coordinates the preparation of policy delivery with all related documents; Assists in Underwriting a book of new and renewal business; Communicates with markets to ascertain all necessary documentation for new and renewal business; Participates in Meetings with brokers, underwriters, account executives and carrier representatives; Assists in preparing Renewal Specifications as required by Management; Services Account Manager calls, researches & collaborates with underwriters to answer questions; regarding client coverage, limits and deductibles; Maintains files for submissions, and written/lost business; Maintains client suspense; conducts follow-ups as appropriate; Assists Account Managers to resolve complex issues; Computes rates and premiums for policies, compiles appropriate declarations, coverage forms, national/local forms, and optional endorsements to complete a policy in accordance with underwriting guidelines; Assists in the issuance of appropriate documents and assembling of policies; Complies with agency management system data standards and data integrity (enters and maintains complete and accurate information); Other duties as assigned.
Requirements
- Bachelor's Degree or equivalent combination of education and experience
- Three (3) or more years related work experience; experience in insurance industry
- Valid Insurance License
- Excellent verbal and written communication skills
- Good customer service skills, including telephone and listening skills
- Ability to perform complex mathematical functions
- Good problem solving and time management skills
- Ability to work within a team and to foster teamwork
- Good planning, organizational and prioritization skills
- Proficient in Microsoft Office products
Responsibilities
- Reviews policies, contracts and/or programs to identify errors and omissions and discrepancies to insure agreement with application, quote, proposal, and/or binder
- Assists in Underwriting risks, suggesting rates and premiums based on coverage and performs demographic analysis for new and/or renewal business
- Coordinates the preparation of policy delivery with all related documents
- Assists in Underwriting a book of new and renewal business
- Communicates with markets to ascertain all necessary documentation for new and renewal business
- Participates in Meetings with brokers, underwriters, account executives and carrier representatives
- Assists in preparing Renewal Specifications as required by Management
- Services Account Manager calls, researches & collaborates with underwriters to answer questions; regarding client coverage, limits and deductibles
- Maintains files for submissions, and written/lost business
- Maintains client suspense; conducts follow-ups as appropriate
- Assists Account Managers to resolve complex issues
- Computes rates and premiums for policies, compiles appropriate declarations, coverage forms, national/local forms, and optional endorsements to complete a policy in accordance with underwriting guidelines
- Assists in the issuance of appropriate documents and assembling of policies
- Complies with agency management system data standards and data integrity (enters and maintains complete and accurate information)
- Other duties as assigned
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
