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The Underwriting Assistant supports the Binding Authority Underwriters by reviewing applications, inspections, and other pertinent information to evaluate, classify, and rate individuals and/or groups for insurance.
Job Responsibility:
Examines such documents as application forms, inspection reports, insurance maps, and medical reports to determine degree of risk from such factors as applicant financial standing, age, occupation, accident experience, and value and condition of property
Reviews company records to determine amount of insurance in force on a single risk or group of closely related risks, and evaluates possibility of losses due to catastrophe or excessive insurance
Work with Binding Authority Underwriters when underwriting new and renewal risks, ensuring that all required information is obtained, proper applications are complete, quotes and binders are confirmed in writing, policies are issued promptly and accurately, state filings where applicable are made, and taxes are paid according to appropriate state laws
Issue and/or re-issue certificates of insurance
Frequently coordinate and correspond with other internal and external departments via phone, mail and email to respond to questions, investigate and resolve issues, and follow up on outstanding items
Assist in the training of other personnel as directed, not limited to instructing and training processors and assistants, review indications, quotes, binders, submissions, and policies for completeness and accuracy
Ensure all correspondence and requests are documents and attached to the appropriate file in the appropriate system(s)
Requirements:
Associate or bachelor’s degree in an insurance or accounting related discipline (preferred)
High School Diploma or GED
Proficient with MS Office Suite
Exceptional telephone demeanor
Ability to maintain a high level of confidentiality