At a Glance
- Tasks: Support the underwriting team by analysing risks and preparing policies.
- Company: Join a leading commercial insurance company with a focus on teamwork.
- Benefits: Enjoy 401K, paid holidays, employee discounts, and educational assistance.
- Why this job: Make a real impact in the insurance industry while working remotely.
- Qualifications: 5-10 years in commercial insurance and strong communication skills required.
- Other info: Remote work with occasional in-office activities and excellent career growth.
The predicted salary is between 36000 - 60000 Β£ per year.
What We Offer:
- 401K, 401K Match
- Life and Disability Benefits
- 11 Paid Holidays
- Employee Discounts
- Employee Assistance Program
- Educational Assistance Program
- Employee Referral Program
About the role:
As a member of our Partner Services team, the Senior Underwriting Assistant is responsible for supporting the underwriting team in all aspects of the underwriting process, including analyzing risks, assessing policy information, and determining appropriate coverage levels.
Responsibilities:
- Use underwriting information and internal resources, i.e., inspection reports, claims history, loss control and commercial applications to support underwriting decisions.
- Assist in file and policy preparation.
- Assist in audit preparation.
- Develop and maintain a strong working knowledge of Missionβs underwriting guidelines, coverage forms, enhancements, rating plans and workflow.
- Prepare and process policies and endorsements for issuance in accordance with binders and Underwriters instructions.
- Code premium in accordance with division guidelines and Underwriter instructions.
- Assist in the review of new and renewal submissions to determine if they meet underwriting criteria, and for completeness of documentation.
- Request and review incoming Broker of Record letters, as appropriate.
- Request predetermined documentation from the broker that will be required for rating, quoting, binding, and policy issuance.
- Review policy information and ensure that all policies are processed accurately and efficiently.
- Assist in the review of guidelines and Standard Operating Procedure (SOPs).
- Work with management to serve as a mentor to Junior underwriting assistants.
- Subject Matter Expert across multiple lines of business.
- Quality Review Coordinator (UA) across multiple lines of business.
Qualifications:
- Experience in the commercial insurance industry and regulatory environment.
- 5-10 years minimum directly supporting commercial lines underwriters.
- Bachelor's degree; OR 5+ years of experience in insurance underwriting.
- Working knowledge of PDF, MS Word, Excel, and PowerPoint.
- Ability to travel up to 10% of the year.
Preferred Qualifications:
- Knowledge of Project management software β like Monday.com.
- Familiarity with Policy Administration software β Origami, Federado.
Knowledge, Skills, and Abilities:
- Excellent verbal and written communication skills, including ability to effectively communicate with internal and external customers.
- Must demonstrate self-motivation, dependability, as well as strong problem solving and analytical skills.
- Ability to manage multiple priorities and meet deadlines.
Working Conditions:
- Requires a quiet work environment with regular sitting at a computer for extended periods of time.
- Regular use of hands and fingers.
- Frequent talking or hearing.
- Vision requirements: Close, distance, color, peripheral, focus and depth perception.
Additional Information:
This is a remote position. Planned, in-office activities may be required on occasion (typically 2-4x per year). You must live in the United States and be authorized to work in the United States without requirement of employment sponsorship/visa.
Senior Underwriting Assistant employer: Mission Underwriting Managers
Contact Detail:
Mission Underwriting Managers Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Senior Underwriting Assistant
β¨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry and let them know you're on the hunt for a Senior Underwriting Assistant role. You never know who might have the inside scoop on job openings or can put in a good word for you.
β¨Tip Number 2
Prepare for interviews by brushing up on your underwriting knowledge. Familiarise yourself with common underwriting guidelines and be ready to discuss how your experience aligns with the responsibilities listed in the job description. Confidence is key!
β¨Tip Number 3
Donβt just apply anywhereβapply through our website! We love seeing candidates who are genuinely interested in joining our team. Tailor your application to highlight your relevant experience in commercial insurance and underwriting support.
β¨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the role. Mention something specific from the interview to remind them of your conversation and reinforce your interest.
We think you need these skills to ace Senior Underwriting Assistant
Some tips for your application π«‘
Tailor Your Application: Make sure to customise your CV and cover letter for the Senior Underwriting Assistant role. Highlight your experience in commercial insurance and any relevant skills that match the job description. We want to see how you fit into our team!
Show Off Your Skills: Donβt hold back on showcasing your analytical and problem-solving skills. Use specific examples from your past experiences to demonstrate how you've successfully supported underwriting teams. This is your chance to shine!
Be Clear and Concise: When writing your application, keep it clear and to the point. Avoid jargon unless it's relevant to the role. We appreciate straightforward communication, so make sure your application reflects that!
Apply Through Our Website: We encourage you to apply directly through our website. Itβs the best way for us to receive your application and ensures youβre considered for the role. Plus, itβs super easy to do!
How to prepare for a job interview at Mission Underwriting Managers
β¨Know Your Underwriting Basics
Before the interview, brush up on your knowledge of underwriting guidelines and processes. Familiarise yourself with common terms and concepts in commercial insurance, as this will help you speak confidently about your experience and how it relates to the role.
β¨Showcase Your Analytical Skills
Be prepared to discuss specific examples where you've analysed risks or assessed policy information in your previous roles. Use the STAR method (Situation, Task, Action, Result) to structure your answers and highlight your problem-solving abilities.
β¨Demonstrate Communication Prowess
Since the role requires excellent verbal and written communication skills, practice articulating your thoughts clearly. Think of scenarios where you've effectively communicated with internal teams or external clients, and be ready to share those experiences.
β¨Ask Insightful Questions
At the end of the interview, donβt forget to ask questions that show your interest in the company and the role. Inquire about the team dynamics, the tools they use for underwriting, or how they support professional development. This not only shows your enthusiasm but also helps you gauge if the company is the right fit for you.