What are the responsibilities and job description for the Renewal Underwriter position at South Bay Search?
Job Description
Job Description
South Bay Search is partnering with a regional MGA, seeking a Renewal Underwriter or Underwriting Assistant. A go getter who wants to put their mark on the world!
Please apply if you have COMMERCIAL BINDING or E&S experience. Amazing opportunity to kick start career or deep dive into underwriting.
What will your job entail?
Job Responsibilities :
- Assists the process of binding insurance policies, ensuring accuracy and compliance with binding underwriting guidelines and regulatory requirements.
- Administers underwriting applications with the information necessary to rate, document and issue accurate and compliant policies.
- Assists with new business submission with directions from the Binding Underwriter to prepare and market to carrier.
- Coordinates between Underwriters and brokers by responding to inquiries, works with brokers to obtain information needed to quote, and provides revised quotes as requested.
- Processes and issues policy endorsements, including changes to coverage, limits, or policy terms, ensuring accuracy and timely implementation and tracks cancellation notifications, non-renewal, and renewal solicitation notifications.
- Maintains comprehensive and organized records of all binding transactions and related documentation, including policy details, endorsements, and client information.
- Communicates with clients to collect required information, explains policy terms and conditions, and addresses any questions or concerns related to the binding process.
- Executes the work assigned by underwriters and underwriting assistants when they are out of the office or otherwise unavailable.
- Prepares reports related to policy binding metrics, performance, and compliance, providing insights for process improvement.
Work Experience :
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