Underwriting Assistant

AXA•Chicago, IL

5d•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. We will have opportunities supporting the following lines of business: Middle Market - Excess Casualty Middle Market excess casualty focuses on coverage that provides additional liability protection beyond primary policies for mid-sized businesses, this would include both Umbrella and Excess policies. Middle Market - Package Middle Market insurance focuses on supporting mid-sized businesses, providing coverage across core lines including Property, General Liability, Workers Compensation, Auto, and Umbrella. Inland Marine Inland Marine protects moveable property, equipment, and goods that travel over land or are used away from a permanent location. The business focuses on specialized risks involving construction equipment, cargo, fine art, and technology assets, supporting clients whose property is constantly in motion or exposed to unique operational risks.

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.

Responsibilities

Pre-underwrites, evaluates risk, and assesses completeness of the underwriting package before underwriter is required to review. Communicate directly with Brokers on behalf of the Underwriters to collect account and insured information necessary for risk analysis.
Perform and apply 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.
Collaborate effectively with Underwriters, Brokers, Reinsurers, and internal units within AXA XL to manage the status and workflow of multiple tasks and accounts y
Communicate 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. Calculate base rating and apply experience modifications as part of underwriting package completed by Underwriting Support Unit for Underwriter review.
Manage the workflow of multiple tasks and maintain a detailed understanding of the status of various tasks owned by Underwriters, Brokers, Reinsurers, AXA XL internal network, and Fronting Partners around the world.
Collaborate and correspond 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.
Utilizing 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 participating in projects where the Unit may be requested to provide Subject Matter Experts related to the Underwriting Support Unit.
Assessing when it is necessary and performing quality control of coding and issuance output to ensure accuracy of work (e.g. exposure bases, limits, coverage extensions, modifications, data entry, etc.).
Collaborating 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.