Underwriting Assistant (225-1005)

An Underwriting Assistant plays a crucial role in the insurance industry by aiding underwriters with the process of evaluating insurance applications. This position is integral to the smooth operation of underwriting teams, providing essential support in gathering and processing information necessary for risk assessment and decision-making. The Underwriting Assistant helps ensure the accuracy of records and the efficiency of the insurance underwriting process, making it possible for underwriters to focus on core analysis. Tasked with administrative, clerical, and customer service duties, the Underwriting Assistant helps maintain operational efficiency while ensuring customer satisfaction. Individuals in this role need to have excellent communication skills, a keen eye for detail, and solid organizational abilities.

Responsibilities

• Assist underwriters by gathering and preparing necessary documentation and information.
• Conduct initial screenings of insurance applications for completeness and accuracy.
• Input data into underwriting systems and maintain up-to-date electronic records.
• Coordinate with underwriters to process endorsements, renewals, and new applications.
• Review client files and ensure compliance with company standards and regulations.
• Communicate with agents or brokers for additional information or clarification as required.
• Provide support in assessing risk factors and compiling reports for underwriting decisions.
• Foster and maintain good relationships with clients and insurance agents.
• Assist in the preparation of quotes, binders, and policy documents when needed.
• Handle correspondence and general inquiries related to underwriting activities.
• Support the development and implementation of changes to underwriting policies.
• Attend training sessions and workshops to stay updated on underwriting processes.

Requirements

• High school diploma or equivalent; a degree in finance or business preferred.
• Previous experience in an administrative role within insurance is advantageous.
• Excellent written and verbal communication skills for effective interaction.
• Strong analytical skills with the ability to manage multiple tasks efficiently.
• Proficiency in Microsoft Office Suite and familiarity with insurance software systems.
• Attention to detail and a high level of accuracy in entering data.
• Ability to work independently and collaboratively in a fast-paced environment.