Underwriting Assistant - Specialty Construction

Great American Insurance Company•Windsor, CT

16h•Hybrid

About The Position

Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow. At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best. Great American's Specialty Construction Division provides loss-sensitive practice policies and wrap-up solutions to the construction industry focusing on workers’ compensation and general liability insurance for general contractors, large trade contractors and owners. http://www.greatamericaninsurancegroup.com/about-us/business-operations/division/specialty-construction Our Specialty Construction Division is looking for a Senior Associate Underwriter. The ideal candidate should have experience with Large Deductible and SIR policies, and Wrap Up program. This position will either be based in our Windsor, CT office, which offers a hybrid work environment, or completely remote.

Requirements

Associates Degree in Business, Finance, or a related field or equivalent experience.
Generally, a minimum of 10 years of experience in Underwriting or Operations.
Experience with Large Deductible and SIR policies, and Wrap Up programs.
Demonstrates advanced knowledge of coverage and forms, provisions for policies written within the assigned territory/unit, workflow and systems.
Strong analytical skills with attention to detail.

Nice To Haves

Beginning or continuing progress toward a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS), or Associate of Risk Management (ARM).

Responsibilities

Conducts comprehensive reviews and evaluations of underwriting and operations applications, ensuring they align with Company policies and underwriting guidelines.
Collaborates with underwriters and brokers/agents to obtain additional information and clarify application details.
Analyzes relevant data, including financial statements, property valuations, and loss histories to assess risk exposure.
Prepares and maintains underwriting files, ensuring all documents and approvals are properly filed.
Compiles reports on risk evaluations, policy statuses, and portfolio performance for underwriters and management.
May underwrite new and renewal policy transactions within written authority.
Enters and audits policy information on an assigned product, territory and / or agency in accordance with template rules.
Reviews premium and loss data on an individual account as part of renewal underwriting, change underwriting, or mid-term underwriting.
Orders, evaluates, and takes appropriate action on required reports, endorsement requests, service requests, and general correspondence.
Research and respond to complex questions from brokers/agents.
Evaluate and classify business, perform rating and develop sample policies in a timely manner in support of the quoting process.
Issue and bill policies within SLAs
Monitor the Wrap Up enrollment mailbox for insured requests and manage to a 48-hour processing SLA.
Determine renewal & non-renewal status for wrap up programs or practice policies.
Process non-renewals in a timely manner in accordance with state insurance regulations.
Calculate renewal exposures, process and issue renewal policies within policy effective months.
Oversee the premium audit process in collaboration with the Premium Audit Team.
Act as a liaison between the Wrap Up administrator and the Premium Audit Team resolving any premium audit needs.
Process and issue the final premium audits within 90 days of policy expiration.
Participates in various departmental initiatives, including updates and enhancements to forms and interfaces, conducting user acceptance testing for systems and policies, and evaluating the impact on existing policies and practices.
May provide guidance to less experienced staff and serve as a resource to other functional areas.
Performs other duties as assigned.

Benefits

We offer competitive benefits packages for full-time and part-time employees.
Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement.
Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.

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