Connector Underwriting Associate
RT Specialty · Chicago, IL · 1 mo ago
Finance$64k–$80k/yrFull-time
About the role
RT Connector allows retail insurance agents to efficiently access multiple lines of coverage from multiple carriers for their E&S small commercial business. Through one single, streamlined application, RT Connector offers bindable quotes from multiple carriers and will issue policies with the click of a button. The Connector Underwriting Associate is a pivotal role within the RT Connector support team environment, focusing on the efficient and quality-driven management of binding operations. This individual is responsible for overseeing the binding process, ensuring that all printed materials are finished to the highest standards and meet customer specifications.
Responsibilities
- Assists the process of binding insurance policies, ensuring accuracy and compliance with binding underwriting guidelines and regulatory requirements.
- Employ expertise to execute complex tasks ensuring maximum efficiency and effectiveness.
- Act as a training resource, mentoring and guiding team members to foster skill development and optimize performance.
- Evaluates renewals, new business and endorsements according to guidelines outlined in the business requirements documents and within their authority level.
- Manages underwriting applications with the information necessary to rate, document and issue accurate and compliant policies.
- Reviews and processes policy endorsements, including changes to coverage, limits, or policy terms, ensuring accuracy and timely implementation and tracks cancellation notifications, non-renewal, and renewal solicitation notifications.
- Review inspection reports to assess risk quality and to confirm exposure base accuracy.
- Maintains comprehensive and organized records of all binding transactions and related documentation, including policy details, endorsements, and client information.
- Communicates with clients to collect required information, explains policy terms and conditions, and addresses any questions or concerns related to the binding process.
- Executes the work assigned by the Connector activity workgroup in the standard service timeline.
- Collaborate with other underwriting team members, Support, and Product Managers to gain a comprehensive understanding of the Connector processes and workflows.
- Provides feedback to internal team members regarding trends and efficiency opportunities.
- Assists the Connector team with any ad hoc tasks and special requests as needed.
Requirements
- Minimum of 5-7 years of work experience in Insurance Industry or Binding Underwriting.
- Preferred experience in Excess & Surplus Lines.
- Preferred experience as an Underwriter Associate.
- Preferred experience in ConceptOne.
- Applicants must be authorized to work for any employer in the U.S.; unable to sponsor or