Underwriting Assistant - Personal Lines
Ryan Specialty•Williamsville, NY
•$20 - $26
About The Position
The Underwriting Assistant is responsible for binding insurance policies in accordance with underwriting guidelines and regulatory requirements. The role involves entering information into underwriting applications to support accurate rating, documentation, and policy issuance. The assistant serves as a liaison between underwriters and brokers, responds to inquiries, gathers information for quotes, and prepares revised quotes as needed. The position also provides backup for underwriters and other underwriting assistants when they are unavailable.
Requirements
- Minimum of 6 months of work experience in the insurance industry, binding underwriting, or a related field.
Nice To Haves
- Meet minimum requirements for state property and casualty and/or surplus lines licenses.
- Certified Insurance Counselor (CIC) designation.
Responsibilities
- Assist with binding insurance policies, ensuring accuracy and compliance with underwriting guidelines and regulatory requirements.
- Enter information into underwriting applications to support accurate policy rating, documentation, and issuance.
- Assist with new business submissions under the direction of the Binding Underwriter to prepare and market them to carriers.
- Coordinate between underwriters and brokers by responding to inquiries, obtaining information needed for quotes, and providing revised quotes.
- Process and issue policy endorsements, including changes to coverage, limits, or policy terms, and track cancellation, non-renewal, and renewal solicitation notifications.
- Maintain organized records of binding transactions and related policy, endorsement, and client documentation.
- Communicate with clients to collect required information, explain policy terms and conditions, and address questions or concerns related to binding.
- Perform work assigned to underwriters and underwriting assistants when they are out of the office or otherwise unavailable.
- Prepare reports on policy binding metrics, performance, and compliance to provide insights for process improvement.
Benefits
- Paid time off for company holidays, vacation, sick, and personal days.
- Paid parental leave.
- Mental health services.
- Bonuses and benefits for full-time roles.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
