Associate Underwriter - Excess Casualty
About The Position
Under frequent supervision, this role provides underwriting support from application through post-binding activity. The Associate Underwriter will interact with internal Excess Casualty team members and broker customers to efficiently and accurately support the underwriting practice. Depending on prior experience, the individual is expected to learn, shadow, and train in the field of underwriting through various special projects. This role involves becoming proficient in the technical platform and processes involved in Underwriting, utilizing judgment to align account aspects for consistency among the quote, binder, and policy, and identifying notable inconsistencies in data elements to work with the Underwriter for reconciliation. The position also requires studying for and completing insurance examinations as deemed appropriate, attending relevant training sessions, and progressing to quote and bind under the direction of underwriting management.
Requirements
- Typically requires a bachelor's degree in insurance, finance, risk management, business or a related field
- 1+ years of related experience preferred [OR] equivalent level of education and experience
- Ability to use analytical methods in underwriting processes to find workable solutions.
- Ability to verbally and in writing, communicate findings and recommendations to internal and external contacts on underwriting matters.
- Ability to use software to summarize and analyze large amounts of data.
- Understands, applies, & properly documents nature of operations of the risk for accounts assigned & communicates findings.
- Ability to prepare, review, and complete underwriting analysis of accounts.
- Analytical skills and understanding of submission requirements, model entry, and product appetite.
- Participates in underwriting related continuing education.
Responsibilities
- Provides underwriting support for the entire underwriting process from start to finish within the Excess Casualty product group.
- Review incoming submissions to determine viability for quoting.
- Provide new business quotes for underwriter review or directly to brokers as determined by Underwriting Authority Letter.
- Complete renewal review process including underlying policies with coverage and exposure changes.
- Review underlying GL inspection reports, Geotech reports and financial information to notify underwriters of potential issues or provide recommendations.
- Process endorsements and determine acceptability.
- Upon completion, review and approve for distribution.
- Perform policy review process and approve for distribution.
- Review post binding subjectivities and construction agreements.
- Assist in special projects and other duties as needed.
Benefits
- Annual bonus plans
- Employee stock ownership plan (ESOP)
- 401(k) — automatic 3% company contribution
- Annual 401k and ESOP profit-sharing contributions (Up to 15% of eligible earnings)
- Paid time off (PTO) and holidays
- Paid volunteer time off (VTO)
- Parental and family care leave
- Flexible & hybrid work arrangements
- Fitness center discounts and free virtual fitness platform
- Employee assistance program
- Comprehensive medical, dental and vision benefits
- Flexible spending and health savings accounts
- 2x base salary for group life and AD&D insurance
- Voluntary life, critical illness, & accident insurance for purchase
- Short-term and long-term disability benefits
- Training & certification opportunities
- Tuition reimbursement
- Education bonuses
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
