What are the responsibilities and job description for the Assistant Underwriter position at Beyond Risk Management Inc?

Job Description

About Origin Specialty :

We aim to be the nation’s preferred specialty insurance provider for small and mid-sized risks. We provide insurance product solutions that protect against risk with our deep understanding of client needs and a willingness to redefine the boundaries of industry standards.

We work hard to create excellent broker experience, while preserving the integrity of the underwriting process. We have a keen understanding of what matters most to specialty insurance agents and brokers and know how important it is to manage risk in today’s increasingly competitive and fast-moving environment. We serve our select group of partners with unwavering focus. Our agile specialists look at risk differently, underwrite it carefully and together with our partners, find the rewards others cannot.

Our clients benefit from our financially secure A- or better rated insurance carriers, broad industry-specific coverages, and exemplary service from seasoned underwriters.

Job Summary :

We are seeking a motivated and detail-oriented Technical Assistant to support our insurance underwriting team specializing in the hospitality industry. The ideal candidate will assist the underwriting process by gathering, analyzing, and organizing key data, ensuring accurate risk assessments, and helping to facilitate the smooth execution of insurance policies for our hospitality clients.

Key Responsibilities :

Underwriting Support :

Assist the underwriting team with gathering and processing required documentation, including applications, property details, and risk assessments.

Prepare underwriting documentation, including policy forms, endorsements, and quotes for hospitality businesses.

Maintain up-to-date records on existing hospitality policies and assist with renewals and endorsements.

Risk Analysis :

Review and assess risk information provided by clients, brokers, or third parties, including loss history, safety measures, and property conditions.

Assist in compiling loss data and supporting the underwriting team in evaluating risks associated with hospitality businesses such as hotels, restaurants, resorts, and more.

Customer and Broker Interaction :

Serve as a liaison between the underwriting team, clients, and brokers, answering inquiries and providing updates regarding policy status, renewals, and any required documentation.

Provide timely responses to queries and assist in resolving any issues that may arise during the underwriting process.

Data Management & Reporting :

Input and maintain accurate data in the underwriting system and other internal databases.

Prepare and generate reports on portfolio performance, upcoming renewals, and other key underwriting metrics for the underwriting team and management.

Administrative Support :

Organize and maintain underwriting files.

Assist with the preparation of presentations or proposals as needed for new business or renewals.

Coordinate meetings and assist with internal communication within the underwriting department.

Compliance and Regulatory Support :

Ensure that all underwriting procedures comply with company policies, industry regulations, and legal requirements related to hospitality insurance.

Assist in ensuring that all documents and processes meet carrier standards.

Qualifications :

Bachelor's degree in Business, Insurance, Risk Management, or a related field (preferred).

Previous experience in insurance underwriting, preferably in hospitality or commercial lines (a plus).

Strong analytical skills with attention to detail.

Knowledge of hospitality industry risks and trends (preferred).

Excellent communication skills, both written and verbal.

Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint), with advanced Excel skills being an asset.

Familiarity with underwriting software or management systems (preferred).

Strong organizational skills and ability to manage multiple tasks simultaneously.

Ability to work collaboratively within a team and independently.

What We Offer :

Hybrid work model with a requirement to be in the Rolling Meadows, IL office three days per week, with consideration for those preferring a downtown Chicago location.

Collaborative and dynamic team environment with opportunities for professional growth and development.

Medical and Dental Insurance (including 100% employer-paid plans)

401(k) plan

PTO and 12 paid holidays

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What are the responsibilities and job description for the Assistant Underwriter position at Beyond Risk Management Inc?

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