Underwriting Assistant, Chicago

AXA•Chicago, IL

9d•Onsite

About The Position

As an Underwriting Assistant, you will support the Underwriting team and act as the owner and principal facilitator of assigned accounts. The Underwriting Assistant will perform front-to-end activities throughout the life cycle of renewal and prospect accounts from submission to expiration with Underwriting oversight. Opportunities exist supporting the following lines of business: Construction – Primary Casualty, Construction – Wrap Up, Middle Market, Wholesale, and Wholesale - Property.

Requirements

Bachelor’s degree, or some related insurance experience and/or training; or equivalent combination of education and experience
Robust interpersonal skills in order to work effectively and professionally with diverse groups
Proven prioritization and time management skills with accurate results.
Organizational, problem-solving and critical thinking skills
Competency in Microsoft Office (Word, Outlook, and Excel), Internet Explorer and Adobe Acrobat (or similar PDF conversion tool).
Excellent written and oral communication skills.
Applicants must be legally authorized to work in the United States without sponsorship now or in the future.

Responsibilities

Pre-underwrites, evaluates risk, and assesses completeness of the underwriting package before underwriter is required to review.
Communicates directly with Brokers on behalf of the Underwriters to collect account and insured information necessary for risk analysis.
Performs and applies knowledge of line of business specific product underwriting rules and/or guidelines for pre-analysis support of submission in preparation of further analysis for quoting stage.
Collaborates effectively with Underwriters, Brokers, Reinsurers, and internal units within AXA XL to manage the status and workflow of multiple tasks and accounts.
Communicates account status to ensure completion of outstanding subjectivities needed to execute policy issuance and premium collection as part of bound accounts.
Develops initial pricing, basic coverage structuring, quotation, and binder packages of the risk on behalf of the underwriter.
Calculates base rating and applies experience modifications as part of underwriting package completed by Underwriting Support Unit for Underwriter review.
Manages the workflow of multiple tasks and maintains a detailed understanding of the status of various tasks owned by Underwriters, Brokers, Reinsurers, AXA XL internal network, and Fronting Partners around the world.
Collaborates and corresponds verbally and in written format with internal and external contacts across the world, keeping in mind differences in local language, time zones, and good local standard, to achieve a high level of service and meet client expectations.
Utilizes the SalesForce platform, ensuring accurate and timely input of information critical to the needs of underwriting team for the purpose of work tracking, productivity and service delivery.
Potentially participates in projects where the Unit may be requested to provide Subject Matter Experts related to the Underwriting Support Unit.
Assesses when it is necessary and performs quality control of coding and issuance output to ensure accuracy of work (e.g. exposure bases, limits, coverage extensions, modifications, data entry, etc.).
Collaborates closely with Underwriters, Product Management, Legal and Regulatory as necessary to perform pre-bind activities and to confirm policy issuance instructions and manuscript wordings, regulatory notices, certificates, etc.