Binding Operations Associate

Job Responsibilities

• Aids in the binding process of insurance policies, ensuring accuracy and compliance with underwriting guidelines and regulatory requirements.
• Administers underwriting applications with necessary information for accurate policy rating, documentation, and issuance.
• Assists with new business submissions, preparing and marketing to carriers according to directions from the Binding Underwriter.
• Coordinates with Underwriters and brokers, responding to inquiries, obtaining information for quotes, and providing revised quotes as needed.
• Processes and issues policy endorsements, tracking changes to coverage, limits, or policy terms, and ensuring timely implementation.
• Maintains comprehensive and organized records of all binding transactions and related documentation, including policy details, endorsements, and client information.
• Communicates with clients to gather required information, explain policy terms and conditions, and address any questions or concerns related to the binding process.
• Executes tasks assigned by Underwriters and Underwriting Assistants when they are absent or otherwise unavailable.
• Prepares reports on policy binding metrics, performance, and compliance, offering insights for process improvement.

Required Experience

• At least 1 year of work experience in the insurance industry or binding underwriting or a related field.
• Preferred experience includes a bachelor’s degree.

Benefits

• Comprehensive benefits package including paid time off, parental leave, mental health services, and more.
• The target salary range for this position is $54,250.00 - $65,000.00 annually.
• Full-time roles are eligible for bonuses and benefits.

Pay and Schedule

• The target salary range for this position is $54,250.00 - $65,000.00 annually.
• The wage range is subject to change and may be modified in the future.
• Full-time roles are eligible for bonuses and benefits.

Qualifications

• Experience in the insurance industry or binding underwriting or a related field.
• Preferred bachelor’s degree.

Skills

• Strong attention to detail and organizational skills.
• Excellent communication and interpersonal skills.
• Proficiency in using insurance software and systems.

Benefits

• Comprehensive benefits package including paid time off, parental leave, mental health services, and more.
• Flexible schedule options available.

Schedule

• Fully remote work option available.