What are the responsibilities and job description for the Associate Insurance Underwriter - Inland Marine position at Amwins Group, Inc.?
An Amwins Company
Associate Underwriter: Description & Duties
Underwriting Associates support our underwriting functions and staff, applying their understanding of risk evaluation and acting as ‘first line’ of risk review by performing initial analysis of data and exposure.
Organizing incoming submission data for underwriter; alert any ‘red flags’ (i.e. recommend decline based on Risksmith appetite, etc.); support documentation and file management protocols; gather and enter risk information into quote and pricing tools; evaluate loss and coverage for the underwriter.
Support the underwriter and agent/broker with highly responsive service by managing the workflow of moderate to complex account work from clearance through policy issuance and file documentation.
Acts as key liaison to Operations for business process creation/improvement and automation design efforts.
To the qualified candidate we offer:
- Compensation includes a salary commensurate with experience
- Full benefit package including: Medical, Dental, Life, Disability and 401(k)
- Collaborative, continuing education focused work environment
- Opportunity for advancement
- Opportunity for formal sales and leadership training
- Generous Paid Time Off (PTO)
Associate Underwriter requirements:
- minimum 3 years commercial property of experience
- Inland Marine experience preferred
New & Renewal submission prep:
- Review upcoming in force renewal list; 120-day window.
- Collaborate with Underwriter on renewal plans, i.e. ‘quick’ rollover renewals, re-underwrite, non-renew, renewal solicitation emails, etc.
- Send declinations on new business risks representing ineligible classes and size, ensure declinations recorded in the appropriate systems (DMS, ALIS)
- Triage incoming renewal submissions: verify SOV, identify anomalies/errors and missing information and correspond with broker to resolve.
- Format SOVs for Geocoding and SpatialKey import
- Begin account summary process; OctoCapp/CapApp data entry as needed.
Endorsements and Service Requests:
- Assess and confirm specific actions with underwriter, acting within authority guidelines.
- Calculate APs and RPs. Hand-off to Risk Analysts to facilitate the processing of service requests.
- Deconstruct complex requests, ensuring full RA understanding of the request and approach to resolution.
- Seize all opportunities to train RAs on the thought process behind the UA work.
- Review and issuance of policy forms:
- Conduct weekly touch point with underwriters to review outstanding items
- Collaborate with Underwriter Analysts for support on needed corrections, process bottlenecks, etc.
Standards:
- Communicate
- Be Adaptive
- Be Collaborative
- Be Customer focused
- Take Ownership
- Take Ownership
- Forgive Mistakes
- Seize every opportunity to share knowledge and Train colleagues.
