Underwriting Assistant
Company: McKee Risk Management, Inc.
Location: King Of Prussia
Posted on: January 27, 2023
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Job Description:
Position Summary
The Underwriting Assistant will be responsible for supporting the
Construction Underwriting team. In this role, the candidate will be
responsible for providing technical insurance underwriting support,
servicing new and renewal business, initiating the renewal process,
reviewing applications and submissions for completeness, rating,
policy issuance, binding and handling mid-year changes for a
multi-line, mid-size to large accounts. Accurate and timely entry
combined with meeting the highest level of customer service
standards will ensure candidacy success.
Responsibilities:
Provides support to the underwriter team.
Under the direction of the underwriter, may clear new and renewal
business with in-slip and out- of-slip carriers.
Responsible for initiating the renewal or non-renewal process.
Requests and reviews gathered information on new and renewal
business and change requests to support underwriting decisions
making.
Investigates discrepancies in the information gathered and follows
up with agency personnel for missing information or resolution.
May review premium and loss data on an individual account as part
of renewal underwriting, change underwriting or mid-term
underwriting.
Participates in preparation for departments Underwriting
Audits.
Responsible for compliance and appropriate file completeness and or
documentation.
Assists the underwriting team in the rating and policy issuance
process.
Demonstrates knowledge of technical rating and policy issuance.
Demonstrates knowledge of rating rules and regulations for one or
more lines of business.
Demonstrates knowledge multiple carrier rating and policy issuance
systems.
Computes rates and premiums for new and renewal business, mid-term
transactions.
Demonstrates working knowledge of various rating and pricing
models.
Ensures policy accuracy and timely distribution to
agents/insureds.
Uses technology effectively to improve the efficiency and
productivity of our business.
Accurately and timely entry of quote letters, binders, policy
premium and pricing, finalization, etc.
Ensure workflows and queues are being used and company standards
are met.
Reviews insurance applications and other risk documentation.
Reviews underwriting requirements; refers applications,
endorsements requests or other correspondence for further
underwriting analysis when outside of written authority.
Orders, reviews and takes appropriate actions on required reports
(MVRS, Loss Runs, D&Bs, Financial Statements, Loss Control
Reports, Property Evaluations, etc.), endorsement requests,
cancellation/reinstatements, service requests and general
correspondence.
Communicates with agents to obtain information needed to underwrite
risks and address issues. Researches and responds to questions from
agents.
Requirements:
2-5 years related Property & Casualty experience
Technical / Professional knowledge.
Rating and entry expertise in multiple commercial lines preferred,
including Auto, GL, Property, Umbrella Lines.
Competence in underwriting/rating and policy issuance systems.
Demonstrates working knowledge of coverage forms, provisions for
policies.
Good communication skills, both oral and written are essential.
Ability to build working relationships with agents
Detail oriented with good follow-through skills.
Proficient computer skills, MS Office, particularly Excel
Education Requirement:
Associates Degree or equivalent experience (Field of Study: Liberal
Arts, Business, Risk Management or a related discipline)
Salary :
The salary offered for the new position will be determined
primarily based on the employees qualifications and internal equity
within the department. Employees can choose to accept or decline
offers without repercussions in their current position.
Application Process:
Qualified employees who wish to apply should send resume to
jobs@mckeerisk.com
Keywords: McKee Risk Management, Inc., Philadelphia , Underwriting Assistant, Other , King Of Prussia, Pennsylvania
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