Assistant Underwriter - Hospitality
- Location
- Rolling Meadows, Illinois
- Salary
- DOE
- Posted
- Dec 22, 2017
- Closes
- Feb 20, 2018
- Category
- Customer Service, Underwriting
- Job Type
- Full Time
- Career Level
- Experienced (Non-Manager)
Essential Duties and Responsibilities
- Evaluates risk on in force business / new business prospects, makes decisions to quote or decline to quote, and develops premium rates in accordance with underwriting guidelines and authority limits.
- Independently provides detailed explanations to sales regarding conditions and requirements of quotes, rating decisions and underwriting guidelines.
- Reviews plan design and calculates rates for requested or recommended plan changes.
- Composes, prepares, and generates correspondence, proposals, and other reports as needed or required.
- Develops and communicates new business or renewal rate recommendations and decisions in accordance with level of underwriting authority.
- Processes sold accounts and/or confirmed renewals following established procedures.
- Manages new business or renewal accounts to balance profitability and growth.
- Develops and maintains relationships with clients, producers, and sales representatives to support the Company's production goals and persistency.
- Provides competitive feedback on rates, products, pricing and marketing strategies.
- Makes presentations to peers, producers, and leadership as necessary.
- Relies on experience and judgment to some degree during underwriting process to set pricing, review risk, negotiate, and accomplish goals.
- May assist associate underwriters with some lower level training or/and peer review.
- Other duties as assigned.
Requirements
- 2 to 7 years of relatable experience
- Able to use Microsoft Outlook, Word, Excel
Work Environment
While performing the duties of this job, the employee is not exposed to weather conditions and the noise level in the work environment is usually moderate. While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; reach with hands and arms; and talk or hear. The employee is occasionally required to stand and walk. The employee must frequently lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision, distance vision, depth perception, and ability to adjust focus. Ability to travel occasionally.
The above information in this job description has been designed to indicate the general nature and level of work performance by employees within this position. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.
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