Underwriting Associate
The Mutual Group
full-time
Posted on:
Location Type: Hybrid
Location: Iowa • United States
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Salary
💰 $45,000 - $65,000 per year
About the role
- Contribute to the underwriting of a profitable and risk adverse portfolio through effective communication and decision-making
- Assist Underwriters with business development and growth through building relationships with assigned producers and wholesalers
- Review and analyze exposures to make independent decisions regarding the risk selection for submissions and renewals
- Manage to production standards, maintain file documentation, and ensure compliance with internal and external regulations and guidelines
- Communicate with agents to complete defined underwriting tasks including obtaining missing information and negotiating within authority limits
- Provide support to Underwriters for all lines of business post bind business production
- Pull financial and other industry reports to assist underwriters with territory review
- Review submission files for complete information and evaluate coverage selections
- Assist Underwriters in identifying loss drivers and growth opportunities with the assigned territory
- Actively participate in continuous improvement and suggest strategies to management
Requirements
- High school education or equivalent
- Associate or Bachelor’s degree in business administration, finance or related field preferred; equivalent relevant work experience
- One (1) year experience in the Property & Casualty insurance industry
- General knowledge of common terms, practices, processes and regulations in the insurance industry
- Insurance Industry course work completion preferred
- Effective written and verbal communication skills
- Proficient typing and data entry skills
- Proficient in use of Microsoft Office suite including Basic Excel skills, Intermediate Word and Outlook skills
- Effective analytical, problem-solving and decision-making skills
- Strong attention to numeric and other details
- Strong customer service orientation
- Adaptability to meet changing business needs
- Organizational skills and ability to manage large work volume and meet tight deadlines
Benefits
- Competitive base salary plus incentive plans for eligible team members
- 401(K) retirement plan that includes a company match of up to 6% of your eligible salary
- Free basic life and AD&D, long-term disability and short-term disability insurance
- Medical, dental and vision plans to meet your unique healthcare needs
- Wellness incentives
- Generous time off program that includes personal, holiday and volunteer paid time off
- Flexible work schedules and hybrid/remote options for eligible positions
- Educational assistance
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
data entryfinancial analysisrisk selectionunderwritingcoverage evaluationloss driver identificationbusiness developmentcomplianceinsurance terminologyinsurance regulations
Soft Skills
effective communicationdecision-makinganalytical skillsproblem-solvingattention to detailcustomer service orientationadaptabilityorganizational skillsrelationship buildingcontinuous improvement