Underwriting Assistant
Verus Specialty Insurance (a Berkley Company) · Glen Allen, VA · 5 days ago
Hybrid$55k–$62k/yrFull-time
The Underwriting Assistant supports our Excess & Surplus lines book of general/excess liability, garage and professional liability business. The role involves providing Underwriters with technical and clerical support to make prudent underwriting decisions on new business, renewals, and endorsements.
Responsibilities
- Supports the underwriting life cycle from pre-submission through policy issuance and renewal.
- Identifies key issues in the decision-making process with the guidance from the underwriter.
- Identifies and uses appropriate resources that assist in the analytical process; makes formal recommendations to underwriters on account management needs.
- Performs analysis utilizing appropriate information to consider endorsement/account acceptability.
- Issues premium and non-premium bearing endorsements.
- Demonstrates adherence to guidelines which include, Underwriting Guidelines and Service Level Agreements.
- Follows up with underwriters and brokers on outstanding information.
- Supports day-to-day transactions that support multiple underwriting team members and customers/agency partners.
- Develops, maintains, and nurtures positive working relationships with underwriters, customers, and other business partners to provide an enhanced customer experience.
- Displays a strong sense of urgency, recognizing customer needs.
- Applies judgement and presents negotiation on more complex accounts and processes.
- Quotes accounts within authority limits by reviewing exposures and experience rating, updating account information, rates, and adjusts the price.
- Examines inspection reports, prior audits, and endorsements, and refers any issues to underwriters.
- Manages and balances multiple demands.
Qualifications
- A high school diploma or equivalent; college course work or degree preferred.
- Experience with Professional Liability or Commercial Casualty coverages is a plus.
- Strong oral/written communication skills, displaying a positive attitude.
- Ability to provide written referrals where thought process is well documented and easily interpreted by others.
- Detail-oriented with initiative and ability to work in fast-paced team environment.
- A strong focus and passion for delivering exceptional customer service.
- Excellent communication and interpersonal skills.
- Ability to work independently as well as part of a team.
- A high sense of urgency and ability to function well in a high-volume and time-sensitive environment.
- Computer literate including use of Word, Excel, and various project management tools.
- Flexible and open to change and enhancements to help evolving in a competitive market.
- Adaptive to adjusting priorities and/or work on multiple tasks.
- A strong sense of ownership and accountability as a result of being highly motivated.
- Some market experience preferred, but not required.