Underwriting Assistant

CRC Group•Garden City, NY

1d•Onsite

About The Position

The Underwriting Assistant position involves invoicing policies and coordinating the servicing of new and renewal accounts from the time of binding, ensuring adherence to Company guidelines and proactively addressing potential issues. The role requires providing high-quality professional service to Agents and Companies. Key responsibilities include underwriting renewal business with minimal supervision, accurately explaining liability and other program coverages to clients, providing instruction to Underwriting Clerks and Policy Typists, and evaluating and adjusting policies, endorsements, audits, and cancellations. The assistant will also conduct ratings for new and renewal business, manage all account documentation, process policy servicing requests, and handle new business and renewal binders, premium bearing endorsements, and cancellations according to internal and Company guidelines. Additionally, the role includes establishing new submissions in the clearance system, producing cancellation and non-renewal notices, managing underwriting files for unissued policies, and maintaining pending/suspense and account files.

Requirements

College degree with a concentration in business or equivalent work experience
One year of wholesale insurance experience
State specific Insurance License required
Underwriting Clerk experience or three years of general insurance experience
Must be able to understand and analyze necessary components of insurance policies
Must have knowledge of commercial multi-line underwriting and rating
Must have ability to use company automation to include Windows, Delphi, Word, DocuCorp, and Rackley ISO Rating Software
Ability to develop, foster, and maintain an excellent working relationship with clients
Ability to work in a team environment essential
Maintain current knowledge of the insurance industry
Good written and verbal skills
Ability to work extended hours when necessary

Responsibilities

Underwrite renewal business with minimal supervision of an underwriter.
Accurately explain liability and other program coverages to clients and prospective clients.
Provide necessary instruction to Underwriting Clerks and Policy Typists.
Evaluate policies, endorsements, audits, cancellations, etc., resolve any discrepancies and make changes as needed.
Conduct Ratings for new and renewal business.
Manage all account documentation.
Review and process policy servicing requests (endorsement, audits, Company requests, Certificates, Premium Finance Notices and Cancellations, etc.).
Invoice and process new business and renewal binders, premium bearing endorsements, and cancellations according to internal and Company guidelines.
Establish New Submissions in the clearance system and handle according to established procedures.
Produce cancellation and non-renewal notices according to statutory and contractual requirements.
Manage underwriting files on accounts in which policies are not issued and handle according to Company and internal established procedures.
Maintain pending/suspense system per established procedures.
Maintain account files in accordance with company policy.
Perform other duties as assigned.