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Associate Underwriter

Employer
All Risks, LTD
Location
Cockeysville, MD
Closing date
Nov 15, 2019

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Industry
Insurance
Function
Accountant, IT
Hours
Full Time
Career Level
Experienced (Non-Manager)
Position Summary Responsible for handling a renewal book of business and new business if needed by reviewing each risk, requesting underwriting information, quoting, binding, and servicing accounts through the policy term. Uses knowledge and independent judgment to compare risk to carrier guidelines to determine proper placement of risks. Must have recent experience working with a MGA or Wholesale Broker. Essential Responsibilities: Manages an established book of renewal business as generated by the underwriters. Responsible for reviewing each risk, requesting renewal-underwriting information, quoting, binding, and servicing accounts through the policy term. Participates in supervised marketing/sales visits to provide customer service and grow book of business. Ability to quote, bind, and service new business as needed. Examines and evaluates documents such as applications, inspection reports, MVRS, financial reports, claims history and any other pertinent information to determine degree of risk, underwriting and appropriate market. Accepts, prices and binds insurance within underwriting authority, refer business to senior underwriting staff, company underwriter or brokers beyond authority. Prepares submissions; markets and negotiates with insurance companies on individual accounts. Has direct knowledge of the job skills in the underwriting support positions including clear understanding of all ARL processing systems, cancellations, policy change requests, rating and overall flow of transactions within the office. Communicates orally, by written correspondence or in person with retail customers and underwriters to obtain further information, quote rates, present proposals, introduces products or service existing accounts. Assists support staff and underwriters in resolving problems and questions. Provides complete policy issuance instructions to support staff, detailing all coverage terms and conditions. Demonstrates a strong customer focus through understanding customer's needs and expectations and implements Company's service standards. Assists with various projects as requested by management. Pursues technical development in order to maintain or enhance knowledge skills and abilities required to do this job. Knowledge, Skills, and Abilities Must have recent experience working with a MGA or Wholesale Broker and a minimum of 2-5 years as an Associate Underwriter within the insurance industry, specifically for a MGA or Wholesale Broker. Insurance license is required within one hundred twenty (120) days of hire or placement in position. Ability to read, analyze and interpret business reports and to make independent decisions. Strong oral and written communication skills required. Ability to write business correspondence. Must be able to solve problems and deal with a variety of tasks in a fast paced environment. Must have excellent time management skills. Must demonstrate teamwork and ability to develop productive relationships with peers and management. Demonstrates appropriate aptitude for marketing calls and sales. Willingness and ability to travel to meet with customers and insurance carriers. Knowledge of Word and Excel.

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