What are the responsibilities and job description for the Assistant Underwriter position at Lockton Affinity?
Your Responsibilities
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- Follow established procedures for reviewing new and renewal applications, assessing risk eligibility, and providing competitive pricing guidance.
- Communicate with internal and external customers to gather and analyze insurance information, supporting underwriting activities such as quoting, binding, issuing, and endorsing policies.
- Ensure compliance with referral criteria outside of underwriting authority.
- Prepare files for underwriter approval outside of authority by performing preliminary review and evaluation of the risk.
- Rating and preparation of new quotes as directed by Underwriter.
- Document and communicate policy approvals or rejections to the underwriting team and customers in a timely manner.
- Review and process transactional items for individual risks.
- Perform other work-related duties and projects as assigned.
- Bachelor’s degree or other relevant study preferred.
- 1-3 years of experience in professional liability insurance, with a solid understanding of relevant concepts, practices, and procedures.
- Rating and underwriting experience.
- Ability to work independently and exercise good judgement in accordance with regulatory and carrier requirements for moderately complex items.
- Proficiency in Microsoft Office products.
- Strong mathematical skills.
- Excellent verbal and written communication skills.
- Strong organizational and time management skills to meet deadlines.
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