Binding Authority Underwriting Associate
Location
Pennsylvania
Posted
14 days ago
Salary
$54.3K - $67.5K / year
Bachelor Degree1 yr expExperience acceptedEnglish
Job Description
• Performs a combination of duties in accordance with departmental guidelines
• Analyzes quality, quantity, and profitability of highly complex risks underwritten; prepares and presents reports to management
• Review submission information with the underwriter including analysis of account information
• Coordinate the quoting, binding, and issuance process
• Research and apply appropriate rates, coverages, and policy forms
• Issue notices of cancellation, nonrenewal notices, or reinstatements
• Develop and maintain superior relationships with underwriters, producers, brokers, and reinsurers
• Maintain accurate file documentation in accordance with company guidelines
• Develops and maintains agency and/or broker relationships with large producers within the assigned territory to reach positive and profitable outcomes on complex, high-risk business
• Responsible for special underwriting projects and other duties as assigned
Job Requirements
- Bachelor’s degree required, Business Administration, Risk Management preferred
- 1+ year related experience or in a similar role
- Advanced analytical and problem-solving skills, with the ability to manage and prioritize multiple projects
- Advanced technical expertise, underwriting skill and high level of knowledge of insurance and underwriting principles, practices and procedures
- Prescribed: Minimum requirements for state P&C and/or surplus line licenses
- Preferred: Associate in Insurance Services (AIS)
Benefits
- Paid time off for company holidays, vacation, sick and personal days
- Paid parental leave
- Mental health services and more