Underwriting Policy Analyst
About The Position
This role involves analyzing new business and change applications based on established Underwriting Rules & Guidelines to assist with the acceptance, modification, or declination of coverage. The analyst will obtain information from various sources, evaluate policy accounts for data accuracy, and make sound decisions regarding policy coverage and terminations. Effective communication with internal personnel, the agency force, members, and other interested parties is essential. The position requires strong organizational skills, attention to detail, and the ability to meet established timeframes. Data entry into various GFB systems and application software must be accurate and efficient. Additionally, the role includes maintaining suspense files, interpreting procedures and regulations, performing crossover duties, assisting with Senior Policy Analyst tasks, participating in meetings and projects related to Policyholder Services, and supporting departmental goals.
Requirements
- High school diploma or equivalent required.
- Minimum of two years’ insurance related experience required.
- Possess moderate skills with computer, Microsoft Office (Outlook, Sharepoint, Word, InfoPath) and Internet.
- Must enter data into various processing systems accurately and efficiently.
- Must be able to interpret a variety of instructions furnished in verbal and written form.
- Possess both analytical and decision-making skills with attention to detail.
- Organized with the ability to prioritize duties and work independently with a minimum of supervision.
- Excellent communication skills both written and verbal form.
- Customer focused, team oriented and willing to assist in other areas.
Nice To Haves
- Completion of Intro to Risk Management and Insurance (or equivalent/higher education) preferred.
- Continued involvement in professional education preferred.
Responsibilities
- Analyze new business and change applications according to criteria established from the Underwriting Rules & Guidelines to assist Underwriting with the acceptance, modification or declination of coverage.
- Obtain information from various sources and evaluate policy account, when required, to ensure accurate data for insurance coverage.
- Accept, cancel or reject applications and/or refer policies to Underwriting for review, as necessary.
- Make sound decisions related to policy coverage and policy terminations.
- Communicate effectively and professionally with internal personnel, agency force, members, and/or other interested parties in both verbal and written form.
- Organize and prioritize duties, paying close attention to detail, while meeting established timeframes.
- Code and/or enter data accurately into various GFB systems for multiple lines of business.
- Review and/or enter data accurately into pertinent application software.
- Maintain suspense files for future follow-up.
- Read, analyze, interpret, and follow procedures, regulations, instructions, manuals and other documents as required.
- Perform crossover duties as assigned by management.
- Assist with Sr. Policy Analyst duties as needed.
- Participate in meetings and have involvement in projects related to Policyholder Services activities.
- Provide support to the division and department to accomplish departmental goals.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
Number of Employees
501-1,000 employees
