We currently have an opportunity for an Underwriting Associate to join our Technology Team in our Anaheim, CA office or remotely in Pacific or Mountain time zones. This position provides advanced, complex technical services and support in partnership with assigned underwriter(s) and designated producers for moderately complex accounts. Under limited supervision and within authority guidelines, authorizes renewals and endorsements. Knowledgeable about all related underwriting guidelines and procedures for a particular line of business. Advanced requirements may include handling a targeted book of business or a unique program. Based on advanced knowledge and experience, acts as a resource for other Underwriting Assistants.
Responsibilities
Assists in developing and directly servicing a book of business in coordination with and under the technical direction of designated underwriter(s). Within defined authority level for renewals, evaluates risks and makes recommendations for acceptance, rejection, modification or referral in accordance with established underwriting standards, policies and programs.
For new business policies, completes 85-90% of the front-end information gathering and analytics required to enable their assigned underwriter(s) to make a determination on the risk. Approves, declines, and issues all transactions within assigned authority level including new business, routine renewals and endorsements.
Ensures underwriting file is documented and returns for final file review and further documentation by underwriter via automated desktop systems and tools.
Develops superior working relationships with producers and acts as first point of contact. Frequently assists producers with questions on products and coverage. Researches and resolves complex errors and questions regarding processes and procedures. Occasionally travels to key producers/accounts with underwriter(s).
Assists underwriters in managing their portfolios through risk evaluation including assessment of risk control reports, financials, audits, loss experience, competitive environment and by taking action when peculiarities or deficiencies are noted.
Responsible for high level of familiarity with specialty class of business, assigned territory and accounts.
Collaborates with team members to manage work inventories and all production activities in order to provide quality and timely service and productivity results in accordance with business unit standards.
Takes initiative for learning and understanding insurance coverages. Takes initiative to acquire additional insurance knowledge by enrolling in industry related courses and programs.
Assists in the development of new processes, procedures and/or systems. Participates on committees and projects as required.
Trains and acts as a resource and mentor for other Underwriting Associates and Assistants.
Requirements:
Must possess thorough understanding of underwriting acceptance standards, authorities, programs and pricing strategies. Demonstrates coverage analysis capabilities and the ability to understand and interpret manual rating methodology as required. Must know how to obtain information and utilize resources needed to make an underwriting decision.
Must have strong analytical, decision making, problem-solving, organizational, presentation, negotiation, and teamwork skills. Must be able to communicate professionally and effectively and have the ability to interact with a diverse group of individuals. Must be able to work in a fast pace, rapidly changing environment.
Must be proficient with Microsoft Office suite as well as electronic underwriting systems.
Education and Experience:
Associates or Bachelor’s degree preferred.
3-5 years underwriting support or related insurance experience required.
Our salary ranges are determined by many factors including location, role, experience and skillset of the candidate. The following ranges displayed reflect the target base salary for new hires, but your recruiter will share more specific compensation information with you during the hiring process. The typical base salary range for this position is: $59,000 – $83,000, based on the factors aforementioned. For candidates located in San Francisco, CA; Hoboken, NJ; and the New York City metro area, the base salary range is $75,000 -$87,000. In addition to base salary, full time Intact employees are also eligible for bonus potential and a full range of benefits to include: 401(k) savings and annual contributions of up to 12% of annual salary, competitive paid time off programs, medical, vision and dental plans, mental health support programs, life and disability insurance, paid parental leave and a variety of voluntary benefits.
Job Number
2617BR
Division
Intact Technology
Location
Anaheim CA
Location(s)
Anaheim CA, Remote
Country
United States
About Us
Throughout the United States, Intact Insurance Specialty Solutions’ underwriting companies offer a broad range of specialty insurance products through independent agencies, regional and national brokers, wholesalers and managing general agencies. Each business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment, and providing distinct products and tailored coverages and services. Targeted solutions include group accident and health; commercial and contract surety; entertainment; environmental; excess property; financial institutions; financial services; inland marine; management liability; ocean marine; public entities; technology; and tuition refund. For further information about U.S. products and services visit: intactspecialty.com.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Sales
Industries
Insurance, Financial Services, and Software Development
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