The Underwriting Associate performs administrative duties regarding new and renewal accounts, risk assessments, and loss runs and loss ratings. Provides support and assistance to underwriting staff. Being an Underwriting Associate typically requires a high school diploma. May assist underwriters with the computation of rates and premiums. In addition, Underwriting Associate typically reports to a supervisor. Being an Underwriting Associate works on projects/matters of limited complexity in a support role. Work is closely managed. Working as an Underwriting Associate typically requires 0-2 years of related experience.
Associate Underwriter Job Description Template
Our company is looking for a Associate Underwriter to join our team.
Responsibilities:
- Data entry, initial analysis and account set up transactions;
- Special projects, mass adjustments, and/or maintenance changes;
- Required to complete/maintain licensing requirements and insurance industry education;
- New projects – system testing and reporting;
- Report analysis and resolution;
- Process high volume time-sensitive transactions;
- Participate on teams, which develop and coordinate the implementation of new procedures, to enhance the effectiveness of customer service operations;
- Assists with training and mentoring of new Underwriting Associates;
- Attends strategic marketing calls to key brokers;
- Maintain an acceptable underwriting profit;
- Remains current on product releases as it pertains to Casualty business;
- Performs other duties as requested by the Underwriting Supervisor or Manager;
- Effectively communicates with agents, policyholders, loss payees, and mortgagees regarding policies in a timely manner;
- Ability to work well with individuals throughout the Company having a wide range of understanding of the underwriting process;
- Adherence to Admiral underwriting guidelines and referral compliance.
Requirements:
- Experience in researching and accurately resolving technical subject matter while working under pressure and within time constraints;
- Proven ability to work on a team or operate independently;
- Outstanding interpersonal, oral and written communication skills;
- Above average knowledge of math calculations;
- Must be able to operate keyboard with speed and accuracy;
- Superior customer service orientation;
- Must be proficient in operating computer, calculator, telephone and fax machine;
- Ability to perform the essential functions of the job with or without reasonable accommodation(s).