Underwriting Assistant

Understory, Inc. • Madison, WI

20h

About The Position

Are you meticulous and detail-oriented, with a keen interest in the insurance industry? Do you excel at data management and have a knack for ensuring accuracy and consistency in information processing? If you're looking to start or advance your career in insurance underwriting, joining Understory as an Underwriting Assistant could be your ideal opportunity.

In this role, you will support our underwriting team by meticulously entering and managing data from broker partner submissions, including coverages, qualitative data, deductibles, and more. Your contributions will ensure the accuracy and consistency of our underwriting documents, quotes, policies, and binders, directly impacting our efficiency and service excellence.

Requirements

• A high school diploma or equivalent and a degree in business administration, finance, or a related field are preferred.
• Possess excellent data entry skills with a focus on accuracy and attention to detail, ensuring no aspect of underwriting documentation is overlooked.
• Have prior experience in an administrative or support role (preferably in insurance), showcasing an ability to prioritize tasks effectively without becoming overwhelmed.
• Demonstrate strong organizational skills and the capacity to juggle multiple responsibilities, adapting quickly to evolving deadlines rather than depending solely on rigid processes.
• Show proficiency with Microsoft Office applications and Adobe Acrobat and are comfortable learning and documenting new systems or software as needed.
• Work well independently and as part of a team, collaborating with colleagues and partners to maintain seamless workflows and uphold high standards.
• Communicate clearly, written and verbally, ensuring transparent information exchanges with brokers and underwriters.
• Remain enthusiastic and engaged, embracing a dynamic work environment and addressing challenges promptly.

Responsibilities

• Accurately enter and update data related to broker submissions in our underwriting systems, applying a precise and detail-oriented approach from intake to final documentation.
• Reviewing and verifying underwriting documents, quotes, policies, and binders for completeness and accuracy, ensuring that even minor inconsistencies are identified and resolved promptly.
• Ensuring data consistency across various platforms and systems within the organization, collaborating proactively with underwriting and operational teams to keep records organized and up to date.
• Assisting underwriters in preparing and issuing insurance documents by staying flexible and adaptable in a fast-paced working environment.
• Collaborating with broker partners to gather necessary documentation and clarify information as needed, maintaining meticulous records and structured processes to support swift follow-through.
• Maintaining well-organized records of all underwriting documents, leveraging strong documentation expertise to create clear, accessible reference materials across all organization functions.
• Supporting the underwriting team in achieving compliance with all applicable regulations and standards, demonstrating a sense of urgency in meeting deadlines and fulfilling regulatory requirements.

Benefits

• Competitive base salary commensurate with experience.
• Comprehensive benefits package including health, dental, and vision insurance, plus a 401(k) plan.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED