Underwriting/Operations Assistant - Marine (Peoria, IL)
About The Position
RLI is a different kind of insurance company, focusing on specialty products, a unique business model, and a culture that values collaboration and exceeding expectations. As an employee-owned company, RLI fosters a shared passion for delivering exceptional results and forging strong relationships. This position supports the Marine product line's underwriters by creating policy documents, ensuring regulatory compliance, maintaining underwriting files, providing operational support, and performing catastrophe modeling. RLI is recognized as a Glassdoor Best Places to Work with a strong financial track record and a reputation as an excellent underwriting company.
Requirements
- Ability to follow operations procedures as outlined by the Operations Manager.
- Ability to meet processing deadlines with minimal error.
- Ability to manage a variety of projects, both long- and short-term simultaneously.
- Ability to use database software including Windows operating systems, computer network environment and printers to process insurance policy changes.
- Accurate data entry.
- Superior Excel skills to peer review formulas, formatting, and data cleansing of large spreadsheets.
- 0-2 years of related experience for consideration
- [OR] equivalent level of education and experience
Nice To Haves
- Associates degree preferred
Responsibilities
- Create policy documents which represent the insurance transaction bound by the underwriter.
- Ensure the statistical coding and policy issuance complies with regulatory requirements for each insurance transaction.
- Maintain electronic and/or physical underwriting file.
- As necessary, re-format data for import into front end system.
- Provide basic operational support for the product line’s underwriters.
- Review facultative insurance certificates to ensure the terms identified by the reinsurer are consistent with terms expected by underwriter.
- Resolve accounting discrepancies with facultative reinsurers.
- Provide operational, production, and underwriting reports to underwriting staff as requested, utilizing front-end systems and/or Business Objects.
- Assist with User Acceptance Testing of systematic changes.
- Audit the work of others.
- May be given authority to review/approve endorsements, review/analyze risks, review terms and conditions of underlying policies, review inspections of risks, each of which would be on behalf of Underwriting.
Benefits
- Annual bonus plans
- Employee stock ownership plan (ESOP)
- 401(k) — automatic 3% company contribution
- Annual 401k and ESOP profit-sharing contributions (Up to 15% of eligible earnings)
- Paid time off (PTO) and holidays
- Paid volunteer time off (VTO) to support our communities
- Parental and family care leave
- Flexible & hybrid work arrangements
- Fitness center discounts and free virtual fitness platform
- Employee assistance program
- Comprehensive medical, dental and vision benefits
- Flexible spending and health savings accounts
- 2x base salary for group life and AD&D insurance
- Voluntary life, critical illness, & accident insurance for purchase
- Short-term and long-term disability benefits
- Training & certification opportunities
- Tuition reimbursement
- Education bonuses
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
