Underwriting Assistant, Specialty Construction
Cisco
Underwriting Assistant
MSIG USA
full-time
Posted on:
Origin: • 🇺🇸 United States • Illinois, New York
Visit company websiteJob Level
Mid-LevelSenior
About the role
- Responsible for supporting the underwriting process for multiple lines of insurance coverage including property, casualty, workers compensation, umbrella, excess lines, marine and automobile coverages.
- Provide technical underwriting and administrative support for assigned new and renewal accounts including collecting data, account setup, rating, producing quotes and binders, issuing policies and endorsements.
- Collect and reconcile new and renewal submission information to prepare policy/account files for underwriter review in accordance with company underwriting guidelines.
- Review and analyze account information for necessary underwriting data and communicate with brokers for missing information.
- Input financial and statistical information into systems to provide timely and accurate quotes, policy, reinsurance, endorsement processing.
- Maintain databases, set up accounts, produce quotes and binders with minimal guidance, complete reinsurance tasks, manage all aspects of risk account from submission to document issuance.
- Perform quality control checks, identify process/system improvements, provide customer service to internal and external customers, respond to brokers' service requests, research and resolve inquiries.
- Participate in broker visits, loss inspections, order/retrieve Risk Engineering reports, enter data into Cat Modeling Template and analyze catastrophe output.
- Process mid-term premium and non-premium bearing endorsement transactions within threshold and refer material changes to Underwriter for approval.
Requirements
- Diploma/Degree & Experience
- College Degree with emphasis on insurance, business or accounting preferred.
- 3+ years insurance or reinsurance company experience with emphasis on analytic functions in underwriting support, underwriting, and/or accounting preferred.
- Working knowledge of rating and pricing models, insurance, and reinsurance for all lines of business.
- Understanding of principles and processes for providing excellent customer service.
- Ability to effectively manage, organize and prioritize multiple tasks.
- Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
