Underwriting Assistant (225-812)

An Underwriting Assistant plays a pivotal role within the insurance and financial services industries. As a support to underwriters, an underwriting assistant is responsible for assessing and processing insurance applications and renewals. This position typically requires a high level of detail orientation, ability to analyze data, and excellent organizational skills. The assistant will review incoming applications, perform risk analyses, and maintain records and documentation. A successful underwriting assistant helps streamline the underwriting process by managing the clerical and administrative tasks effectively, allowing underwriters to focus on decision-making. This role is suitable for individuals who are keen on entering the insurance industry and looking to gain hands-on experience with comprehensive training and handling real-world tasks.

Responsibilities

• Review insurance applications and ensure all information provided is complete and accurate.
• Assist underwriters by compiling data and preparing detailed reports for analysis.
• Perform initial risk assessment for incoming insurance applications based on predefined criteria.
• Maintain thorough and up-to-date records of client files and transactions.
• Coordinate communication between clients and underwriting staff for information collection.
• Input and update insurance application data into the company’s software systems.
• Support the underwriting team in preparing underwriting documentation and correspondence.
• Ensure compliance with company policies, standards, and regulatory requirements in all processes.
• Assist in resolving client inquiries and provide information regarding policy application statuses.
• Participate in company training sessions to enhance knowledge about insurance underwriting.
• Develop and maintain productive working relationships with other departments within the organization.
• Provide administrative support by scheduling meetings and managing outlook calendars for underwriters.

Requirements

• Bachelor’s degree in finance, business, or a related field preferred.
• Previous experience in the insurance or financial services industry is advantageous.
• Strong analytical skills and the ability to assess complex data efficiently.
• Excellent attention to detail, organizational, and multitasking abilities required.
• Proficiency in using Microsoft Office Suite and familiarity with insurance software systems.
• Strong communication skills, both written and verbal, with clients and colleagues.
• Ability to work independently and collaboratively in a fast-paced environment.