Property Underwriting Assistant

MSIG USA•New York, NY

About The Position

MSIG USA is seeking a Property Underwriting Assistant to provide technical underwriting and administrative support for assigned new and renewal accounts. This role involves collecting data, account setup, rating, producing quotes and binders, and issuing policies and endorsements. The assistant will proactively ensure the underwriting process is efficient and accurate, and provide underwriters with required reports and analysis. MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., a top global P&C carrier with a strong financial standing and international reach.

Requirements

College Degree with emphasis on insurance, business or accounting preferred.
3+ years insurance or reinsurance company experience with emphasis on analytic functions in underwriting support, underwriting, and/or accounting preferred.
Working knowledge of rating and pricing models, insurance, and reinsurance for all lines of business.
Understanding of principles and processes for providing excellent customer service, including meeting established time and quality standards ensuring internal and external customer satisfaction.

Responsibilities

Collect and reconcile new and renewal submission information to prepare policy/account files for underwriter review in accordance with company underwriting guidelines and standards.
Review and analyze account information for necessary underwriting data (exposures, loss information, driver information, financials, loss control reports, etc.) and communicate with brokers for missing information.
Review, analyze, and accurately input financial and statistical information into appropriate systems for timely and accurate quote (pricing), policy, reinsurance, and endorsement processing.
Maintain various databases to ensure all systems accurately reflect updated account information/documentation.
Interpret data and set up accounts in appropriate systems ensuring accuracy, often working directly with the underwriter.
Produce quotes and binders for new and renewal accounts/policies, identifying and gathering relevant account information, and identifying proper forms and endorsements.
Complete all aspects of reinsurance tasks per underwriting guidelines.
Review and analyze accounts for reinsurance placement, organize information, and accurately input data into required systems.
Manage all aspects of the risk account from submission to applicable document issuance.
Perform quality control checks to ensure data accuracy and integrity.
Proactively problem solve to meet and exceed client/broker expectations and identify process/system improvement concepts.
Provide excellent customer service in a timely and professional manner to internal and external customers.
Respond to broker service requests for loss runs, endorsements, etc., ensuring all appropriate documentation is received.
Troubleshoot transaction processing issues with the Operations Department.
Research and assist in resolving inquiries generated from internal and external customers.
Participate in broker/agency visits, loss inspections, etc., per Underwriter’s recommendation.
Order and retrieve Risk Engineering reports as necessary and review/summarize inspection reports.
Follow up on recommendations from inspection reports to ensure compliance with MSIG risk management standards.
Accurately enter data into Cat Modeling Template and submit to Cat Modeling Team, analyzing output for catastrophe management and underwriting decisions.
Provide the underwriter with base analysis (e.g., flood zone info).
Process and issue mid-term premium and non-premium bearing endorsement transactions within threshold, referring material change endorsement requests to the appropriate Underwriter.
Properly document all systems/account files within established due dates.
Effectively manage, organize, and prioritize multiple tasks.