Associate Underwriter

Novatae Risk Group•Liberty Lake, WA

23d

About The Position

The Associate Underwriter at Novatae Risk Group is a critical role within our Wholesale Insurance division, responsible for supporting the underwriting team in assessing, evaluating, and managing risks associated with insurance submissions. This position plays a pivotal role in maintaining underwriting standards, analyzing policies, and assisting clients in securing appropriate coverage.

Requirements

Prior experience in an assistant underwriter role or relevant experience in the insurance industry is typically preferred for Associate Underwriter positions.
A valid insurance license, as required by state regulations, may be necessary.
Strong analytical skills for risk assessment and policy evaluation.
Attention to detail and accuracy in underwriting documentation.
Proficiency in office software, including word processing and spreadsheet applications.
Effective communication skills for client interactions and collaboration with underwriters.
Ability to adapt to the dynamic insurance environment and contribute to the maintenance of underwriting standards.

Nice To Haves

A bachelor's degree in Business, Finance, Insurance, or a related field is typically preferred for Associate Underwriter positions.

Responsibilities

Collaborate with underwriters to assess risks associated with insurance submissions, including reviewing underwriting data, loss history, and other relevant information.
Contribute to the determination of the acceptability of risks and appropriate coverage.
Analyze insurance policies to ensure accuracy, completeness, and compliance with underwriting guidelines
Assist in reviewing policy terms, conditions, and coverage options to support decision-making.
Engage with clients to gather additional information about insurance submissions, address inquiries, and provide support.
Collaborate with underwriters to assess client risks and insurance requirements.
Maintain organized and accessible records related to underwriting activities, client information, and policy documentation.
Ensure the accurate and efficient processing of underwriting files.
Assist in coordinating operational processes related to underwriting, including policy issuance, endorsements, renewals, and reporting.
Collaborate with internal departments to ensure the efficient execution of underwriting tasks.