What are the responsibilities and job description for the Underwriting Analyst position at allianthcm?
SUMMARY
Responsible for providing technical support and assistance to Underwriters, including but not limited to the initial review and underwriting of new and renewal business, collection of information from Producers/Clients, as well as preparation of the Underwriting Risk Evaluation Loss Analysis. Coordinates coverage terms and pricing with Carriers to obtain quotes for the Underwriters.
ESSENTIAL DUTIES AND RESPONSIBILITIES
• Reviews new business submissions from co-Brokers to ensure content is complete;
• Processes new business clearance through applicable carrier system to secure market for ASIS;
• Communicates with co-Brokers to obtain necessary data for initial underwriting review for both new and renewal business;
• Analyzes data to ensure program eligibility for new and renewal risks;
• Completes Underwriting Risk Evaluation Loss Analysis for new and renewal accounts;
• Inputs data into carrier rating models and produce quote for Underwriter;
• Coordinates delivery of quote(s) to co-Broker;
• Coordinates process of binding coverage with carrier;
• Manages policy review and delivery to co-Broker/Client;
• Evaluates and underwrites policy and coverage change requests received from co-Broker/Client;
• Manages endorsement process with carrier and delivery to co-Broker/Client;
• Organizes and maintains department business reports and logs;
• Organizes and maintains program underwriting files;
• Manages day to day issues with Brokers/Clients;
• Prepares and analyzes interim underwriting reviews for delegated accounts;
• Participates in meetings with co-Brokers, Clients and Carriers;
• Complies with agency management system data standards and data integrity (enters and maintains complete and accurate information);
• Other duties as assigned.
QUALIFICATIONS
EDUCATION / EXPERIENCE
Bachelor's Degree or equivalent combination of education and experience
Four (4) or more years related work experience experience in insurance industry preferred
Valid Insurance License
SKILLS
Excellent verbal and written communication skills
Good leadership, problem solving and time management skills
Good planning, organizational and prioritization skills
Ability and motivation to work independently
Proficient in Microsoft Office products
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Salary : $100,000 - $135,000
