Experienced Underwriting Assistant to support the Westfield Specialty Insurance Excess Casualty Team.
- Reviews individual accounts for exposure identification and acceptability of risk in accordance with company guidelines and standards.
- Sets up new business, renewal business applications for quoting, coordinates timely quote turnaround and reviews quote for accuracy.
- Supports renewals by ordering and analyzing reports, gathering information, and providing a checklist of what the underwriter needs to address at renewal.
- Coordinates renewal file information with the appropriate renewal underwriters and examiners.
- Verifies and validates data accuracy on submitted applications and documents, such as applicant information, policy information, and financial documents, to ensure that all required data is complete and accurate.
- Collaborates with the underwriting team to develop risk assessment strategies and protocols, which may include conducting market research, analyzing historical data, and identifying emerging risks.
- Prepares reports and presentations on underwriting processes, trends, and metrics for management and clients, which may include analyzing data and presenting findings in a clear and concise manner.
- Assists in the review and development of policy language and coverage requirements, analyzes market trends and identifies potential risks and opportunities.
- Facilitates communication between underwriters, brokers, agents, and policyholders to resolve issues and ensure timely processing of applications.
- Maintains and updates underwriting databases and systems to ensure data accuracy and accessibility, which may involve troubleshooting and resolving technical issues.
- Maintains an operating knowledge of Westfield Group standardized hardware, software programs, third-party software (MS Office), and processing procedures.
- Supports special projects and initiatives related to underwriting process improvement and automation, helps provide training and support to new underwriting assistants that are hired.
- Keeps current on issues and regulations, industry activity and trends, internal processes, and procedures, and shares this information with team members.
Qualifications
Experience Requirements
- Minimum of 2-5 years of experience in Insurance Underwriting Required.
- High School Diploma or General Education Diploma (GED) and/or commensurate work experience.
Technical Skills
- Knowledge Of Underwriting Systems and Tools
- Insurance Industry Knowledge
- Business Acumen
- Insurance Regulatory Compliance
- Customer Service Management
- Underwriting Operations
- Insurance Policies
- Agency Management
- Stakeholder Management
- Information Systems