Senior Underwriting Assistant

AIG • Chicago, IL

1d • Onsite

About The Position

This position is part of the UW support career progression and may report to a Senior Specialist, UW Support, Team Leader, or to an Team Manager, Underwriting Support. The Senior Underwriting Assistant is an individual contributor within the Underwriting Support Unit of the unit’s field operations. This role assists the underwriters by screening risk offerings and with pre and post-binding processes. The role also performs services including problem-solving or research projects requiring broad insurance and/or procedural knowledge and works under direct supervision. This role will work on our AIG Risk Management business line.

Requirements

• Knowledge of commercial insurance policy forms and regulatory requirements
• Bachelor’s degree preferred or equivalent work experience.
• 3+ years of commercial insurance experience.
• Prioritizing – able to navigate and switch between multiple proprietary, vendor, web-based, and standard computer systems.
• Microsoft Office – proficiency in Excel, Word, and Powerpoint
• Learning Agility – willingness to learn from experiences and new situations.
• Client Servicing – ability to anticipate client (internal and external) needs and act proactively.
• Problem Solving – identify problems and solutions matched to the appropriate solutions.
• Attention to Detail – demonstrate attention to detail to ensure accurate documentation is maintained.
• Leadership Skills – ability to mentor peers in the team

Responsibilities

• Support regional UA Manager in overseeing all daily business activities and act as the first point of call for all UAs in the region
• Review new submissions against prescribed criteria to determine if risk qualifies for LOB risk appetite.
• Triages submission for missing information and follows up with the broker for outstanding items.
• Performs a comparison of renewal submission information against prior year information and documents differences for underwriting (i.e. – large exposure change, new entities or sold entities, change in operations, significant change in loss history, etc.).
• Renewals - prior to policy expiration, reviews policies for manuscript endorsements and initiates the manuscript endorsement approval process on behalf of underwriting.
• Issues policies, endorsements, and cancellations; prepares policy writing instructions and premium billings, and processes individual policy filings.
• Completes loss rating and develops initial pricing, basic coverage structuring, quotation, and binder packages on behalf of the underwriter.
• Possess an in-depth understanding of coverages and program structures, as well as internal policy coding systems to ensure account completeness.
• Designated as the first point of contact for brokers.
• Assists the underwriter in the preparation of business, and metric reports; assists in the review of procedures to resolve issues.
• Trains and end provides oversight of less experienced support staff.
• Participates in projects as required.
• Establish effective relationships with internal and external customers.
• Performs quality control of all work returned from Shared Services (i.e. – manual rating, policies, endorsements, etc.).
• Performs quality control of premium audit statements prior to underwriting review; documents discrepancies and work with the premium auditor for resolution.
• Performs quality control of adjustments prior to underwriting review; documents discrepancies and works with CS adjustment team for resolution.
• Attend broker or client meetings as requested by underwriting.

Benefits

• Eligible for a bonus in accordance with the terms of the applicable incentive plan.
• Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development
• Volunteer Time Off and Matching Grants Programs

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree