Underwriting Associate - Marine

AXIS (AXIS Capital)•Short Hills, NJ

2d•$57,500 - $95,500•Hybrid

About The Position

The primary focus of the Underwriting Associate role (about 70%) is to provide comprehensive support for underwriting activities. This includes serving as the main point of contact for designated accounts, managing tasks throughout the renewal process, and assisting with new prospective accounts from initial submission to contract expiration. While guidance from an Underwriter may be available, the Underwriting Associate is responsible for making decisions on accounts and addressing endorsements within their assigned authority. This position also offers opportunities for professional growth and development within both Operations and Underwriting functions.

Requirements

7-10 years prior experience within the insurance industry
Knowledge of Property and Casualty Insurance business concepts.
Proficiency in Microsoft Office products and the ability to operate within a network environment.
Ability to lead and mentor.
Ability to work effectively in a team setting as well as to work independently in a fast-paced environment.
Strong demonstration of initiative, interpersonal skills, and a professional demeanor.
Energetic self-starter with resilience and entrepreneurial spirit coupled with an inquisitive mindset.
Comfortable to offer suggestions for process improvement/enhancement.
Capable of effectively managing multiple tasks, knowing when to delegate, reprioritize and adapt to change personally while leading others through the same transitions.
Proficient in critical thinking and problem-solving, taking initiative within assigned parameters.
Possess excellent customer service skills, organization, prioritization, and time management.
Collaborating effectively within a team, demonstrating a cooperative attitude.
Attentive to detail and committed to accuracy.

Nice To Haves

Bachelor’s or advanced degree
Completion of professional development coursework in the industry

Responsibilities

Gather underwriting information on behalf of the underwriter and complete the underwriting renewal quote and binder documents, ensuring the timeliness and accuracy levels are met.
Accept new/renewal risks, if authorized, with some financial and limit restrictions within agreed underwriting authority limits as applicable.
Complete rating, experience modifications and policy issuance for automatic renewals, within assigned underwriting authority in a timely manner.
Perform quote renewal preparation, which may require underwriting review.
Review renewal files to ensure accuracy and draft rating/pricing recommendation for pre-analysis support, as requested.
Collaborate with claims adjusters, gathering information on specific claims for review with underwriter.
Act as a key resource for understanding complex accounts and changes in endorsements.
Provide subject matter expertise on Insurance Desktop (IDT) and Duck Creek (DC)
Support underwriters on day-to day processes when required (though not the primary function)
Assists with quality reviews as needed.
May be assigned special projects that require strong analytical skills.
Actively learn and pursue knowledge about the market, underwriting and business plans, as well as profit drivers
Provide exceptional customer service to brokers, clients, and internal stakeholders.
Address inquiries and resolve issues in a timely and professional manner.
Ability to articulate the Line of Business’ strategy and influence broker adoptions of changes.
Communicate effectively with managers and operations support teams regarding complex accounts and changes.
Report issues through business technology ticketing system and ensuring prompt resolution of issue is communicated to impacted parties.
Assists with training and mentoring colleagues as requested.
Maintain accurate and up-to-date underwriting documentation and records.
Ensure adherence to record-keeping policies and procedures.
Stay informed about regulatory changes and updates affecting the insurance industry.
Ensure compliance with underwriting regulations and standards.
May be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.