Production Underwriting Assistant
About The Position
A Production Assistant at USG plays a crucial role in our companies’ growth and success by supporting new business development, maintaining client relationships, and ensuring efficient administrative processes. This is the second level of the production career path here at USG. Your attention to detail, strong organizational skills, and ability to work in a fast-paced environment will contribute to the efficient functioning of this company. In this position, you will be assisting with various tasks related to sales, client management, and administrative functions.
Requirements
- At least 2 years of prior insurance experience, prior experience should include either wholesale brokerage/MGA, retail insurance agency, or insurance company experience.
- Knowledge of Windows-based software applications and basic typing skills.
- Knowledge of basic P&C insurance, forms, endorsements, rating methods, and terminology
- Ability to calculate figures and amounts such as annual and short-term premiums, additional and return premiums related to endorsement and audit activities, commissions, policy fees, taxes, etc.
- Ability to handle multiple tasks and prioritize effectively.
Nice To Haves
- A C.I.S.R. or P&C license is preferred but not mandatory.
Responsibilities
- Requesting and reviewing application specifications from retail agents, summing up completed applications along with exposures, loss history, target pricing, and submitting to brokerage carriers for quotation.
- Review all solicited quotations and negotiate final pricing, terms, and conditions for identified carriers.
- Prepare and submit final quotations for recommended carriers to the retail agent.
- Handling the binding and invoicing of accounts
- Record renewal progress and final dispositions.
- Prepare and record all the required information needed to bind and invoice accounts.
- Review and process all mid-term endorsement, cancellation, and audit requests.
- Provide timely and accurate customer service to retail agents.
- Provide new business marketing and quote assistance as needed.
- Review and approve the final policy issuance for MGA renewal accounts.
- Request, review, and approve all loss control reports for renewal business per company guidelines.
- Communicate and confirm with the retail agent the compliance of any actions pursuant to the findings of the loss control report per the carrier's requirements.
- Perform in a manner that will prevent errors and omissions.
- Consistently demonstrate a professional, positive, team-oriented attitude while performing job duties.
- Attend company-approved seminars and other educational activities required to stay current on the latest developments, trends, and regulations in the marketplace.
Benefits
- Company-paid benefits: Short-Term Disability, Long-Term Disability, Basic Life, AD&D, and Team member Assistance Program
- Medical, Dental, Vision, and Life
- 401K Retirement Plan
- Flexible Spending Account
- Dependent Care
- Tuition Reimbursement
- Producer Savings Bonus Plan
- A week of hands-on, in-person training to meet our corporate team
- Access to 24/7 virtual training through USG University
- Outstanding Company Holiday Schedule and Generous Paid Time Off Package
- Potential for exponential growth in the company
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
Number of Employees
101-250 employees
