Underwriting Assistant

Company: McKee Risk Management, Inc.
Location: King Of Prussia
Posted on: January 27, 2023

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