Underwriting Operations Specialist

Job Responsibilities

• Provides support to underwriters, wholesalers, and other stakeholders regarding policy-related inquiries, issues or requests.
• Process and issue policy documents.
• Process and issue mid-term premium and endorsement transactions.
• Processes requests for policy cancellations or terminations, verifies cancellation reasons, calculates any applicable refunds or penalties, and updates policy records.
• Ensures all state-specific insurance requirements are satisfied with special forms, advance notice requirements, and special wording.
• Ensures all policy documents are accurately prepared and distributed to policy holders in a timely manner.
• Provides support to underwriters regarding policy subjectivities and inspection recommendation compliance.
• Updates and maintains policy data accurately in the company’s computer systems or databases by updating policy information as needed and ensures data integrity across various systems.
• Collaborates with other departments to ensure seamless coordination of policy – related activities and processes.

Work Experience And Education

• Bachelor’s degree with a preference in Risk Management or Business
• 3+ years of Commercial Property experience

Licenses & Certifications

• Chartered Property Casualty Underwriter (CPCU)
• Associate in Commercial Underwriting (AU)
• Associate in Personal Insurance or Certified Insurance Counselor (CIC) or Associate in Risk Management (ARM)

Technical/Functional Skills

• Risk Assessment
• Computer Proficiency
• Regulatory Compliance
• Knowledge of Underwriting Guidelines
• Documentation

Behavioral Skills

• Decision Making
• Problem-Solving
• Adaptability
• Effective Communication
• Continuous Learning
• Teamwork

Pay

The target salary range for this position is $78,550.00 - $80,000.00 annually. The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future.