Associate Underwriter
BITCO Insurance Companies · Indianapolis, IN · 2 mo ago
FinanceFull-time
Position Summary
This position provides essential operational and administrative support to the local Underwriting team through a variety of functions, including new and renewal policy setup, account analysis, account coordination, data collection, and follow-up on outstanding information. The role supports efficient underwriting operations by ensuring accuracy, organization, and timely processing of account-related activities.
Primary Responsibilities
- Review new business submissions and enter into the policy system; review for fit within underwriting guidelines
- Performs loss analysis and reviews other important detail and documentation on applications and accounts
- Prepares issuance instructions according to either a completed proposal or binder order
- May provide a full range of Underwriting support on smaller, less complex accounts
- Collaborates with Underwriting team on quotes, renewals, applications, changes, and Underwriting issues
- Builds and maintains effective relationships with agents, providing prompt service on questions, requests, and/or issues
- Develops information for special reports and projects, as requested by Underwriting team or management
- Initiates requests for renewal information and orders Experian or other investigative reports; initiates appropriate risk control service
- Administers changes to new and renewal policies, utilizing the company's current rating/publishing system and ISO, NCCI, and related on-line manuals
- Calculates premiums for endorsements and cancellations of policies
- Works with internal billing team to resolve any issues related to billing on accounts
- Captures account details and documentation, such as file set-up, follow up on endorsements, form completion, and proofreading
- Coordinates account details and documentation, such as file set-up, follow up on endorsements, form completion, and proofreading
- Performs other duties as assigned
Qualifications
- 2+ years of Commercial Insurance experience strongly preferred
- Intermediate to advanced knowledge of commercial rating
- Excellent communication skills, both verbal and written
- Ability to read and interpret policy terms and other factual information
- Ability to multi-task effectively within assigned deadlines
- Demonstrated sense of urgency
- Prioritizes and manages multiple tasks simultaneously
- Proven ability to provide prompt and effective customer service
- Must be able to work effectively in an independent and team environment
Benefits
- Competitive salary paired with a comprehensive benefits package
- Generous paid time off, plus 12 paid holidays annually
- Comprehensive health coverage, including medical, dental, and vision plans
- Additional protection through accident, critical illness, and hospital indemnity insurance
- Company-paid life insurance equal to 2× annual salary
- Company-paid short-term and long-term disability coverage
- 401(k) Savings and Profit Sharing Plan through Old Republic
- Ongoing education, training, and professional development opportunities
- Support for industry certifications and insurance designations, including financial assistance
- Flexible scheduling with a two-hour window for start and end times within a 7.5-hour workday
- Opportunities to give back through corporate philanthropy and community service initiatives
- Optional benefits including travel, commuter, and pet insurance
- Employee wellness support through a dedicated fitness program