Underwriting Specialist, Management Liability, Public D&O
Zurich Insurance
Underwriting Assistant, Specialty Construction
Cisco
full-time
Posted on:
Location: 🇺🇸 United States
Visit company websiteJob Level
SeniorLead
About the role
- Conducts comprehensive reviews and evaluations of underwriting and operations applications, ensuring alignment with Company policies and underwriting guidelines.
- Collaborates with underwriters and brokers/agents to obtain additional information and clarify application details.
- Analyzes relevant data, including financial statements, property valuations, and loss histories to assess risk exposure.
- Prepares and maintains underwriting files, ensuring all documents and approvals are properly filed.
- Compiles reports on risk evaluations, policy statuses, and portfolio performance for underwriters and management.
- May underwrite new and renewal policy transactions within written authority.
- Enters and audits policy information on an assigned product, territory and / or agency in accordance with template rules.
- Reviews premium and loss data on an individual account as part of renewal underwriting, change underwriting, or mid-term underwriting.
- Orders, evaluates, and takes appropriate action on required reports, endorsement requests, service requests, and general correspondence.
- Research and respond to complex questions from brokers/agents.
- Evaluate and classify business, perform rating and develop sample policies in a timely manner in support of the quoting process.
- Issue and bill policies within SLAs Monitor the Wrap Up enrollment mailbox for insured requests and manage to a 48-hour processing SLA.
- Determine renewal & non-renewal status for wrap up programs or practice policies.
- Process non-renewals in a timely manner in accordance with state insurance regulations.
- Calculate renewal exposures, process and issue renewal policies within policy effective months.
- Oversee the premium audit process in collaboration with the Premium Audit Team.
- Act as a liaison between the Wrap Up administrator and the Premium Audit Team resolving any premium audit needs.
- Process and issue the final premium audits within 90 days of policy expiration.
- Participates in various departmental initiatives, including updates and enhancements to forms and interfaces, conducting user acceptance testing for systems and policies, and evaluating the impact on existing policies and practices.
- May provide guidance to less experienced staff and serve as a resource to other functional areas.
- Performs other duties as assigned.
Requirements
- Education: Associates Degree in Business, Finance, or a related field or equivalent experience.
- Experience: Generally, a minimum of 10 years of experience in Underwriting or Operations.
- Experience with Large Deductible and SIR policies, and Wrap Up programs.
- Beginning or continuing progress toward a professional designation such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS), or Associate of Risk Management (ARM) preferred.
- Scope of Job/Qualifications: Performs specialized duties utilizing often-complex processes/procedures; advanced knowledge of coverage and forms; strong analytical skills.
- Additional: Position requires ability to work in a fast-paced underwriting environment and collaborate with underwriters and brokers.
