Underwriting Assistant

About the role

Experienced Underwriting Assistant to support the Westfield Specialty Insurance Excess Casualty Team.

Responsibilities

• Reviews individual accounts for exposure identification and acceptability of risk in accordance with company guidelines and standards.
• Sets up new business and renewal business applications for quoting, coordinates timely quote turnaround, and reviews quotes for accuracy.
• Supports renewals by ordering and analyzing reports, gathering information, and providing a checklist of what the underwriter needs to address at renewal.
• Coordinates renewal file information with the appropriate renewal underwriters and examiners.
• Verifies and validates data accuracy on submitted applications and documents, such as applicant information, policy information, and financial documents, to ensure completeness and accuracy.
• Collaborates with the underwriting team to develop risk assessment strategies and protocols, including conducting market research, analyzing historical data, and identifying emerging risks.
• Prepares reports and presentations on underwriting processes, trends, and metrics for management and clients, analyzing data and presenting findings clearly.
• Assists in the review and development of policy language and coverage requirements, analyzes market trends, and identifies potential risks and opportunities.
• Facilitates communication between underwriters, brokers, agents, and policyholders to resolve issues and ensure timely processing of applications.
• Maintains and updates underwriting databases and systems to ensure data accuracy and accessibility, troubleshooting and resolving technical issues.
• Maintains an operating knowledge of Westfield Group standardized hardware, software programs, third-party software (MS Office), and processing procedures.
• Supports special projects and initiatives related to underwriting process improvement and automation.
• Provides training and support to new underwriting assistants.
• Keeps current on issues and regulations, industry activity and trends, internal processes, and procedures, and shares this information with team members.

Requirements

• Minimum of 2-5 years of experience in Insurance Underwriting.
• High School Diploma or General Education Diploma (GED) and/or commensurate work experience.

Skills

• Knowledge of Underwriting Systems and Tools
• Insurance Industry Knowledge
• Business Acumen
• Insurance Regulatory Compliance
• Customer Service Management
• Underwriting Operations
• Insurance Policies
• Agency Management
• Stakeholder Management
• Information Systems