At a Glance
- Tasks: Support the underwriting team by analysing risks and processing new business.
- Company: Mission Underwriters, a leader in innovative insurance solutions.
- Benefits: 401K, paid holidays, employee discounts, and educational assistance.
- Why this job: Join a dynamic team and kickstart your career in the insurance industry.
- Qualifications: Bachelor's degree or 3+ years of insurance experience required.
- Other info: Remote work with occasional in-office activities for team bonding.
The predicted salary is between 30000 - 50000 Β£ per year.
At Mission Underwriters, we provide the capital, issuing paper, and reinsurance access you need to launch your own Program Administrator (PA) business quickly and efficiently. We offer non-recourse capital for qualified underwriters, giving you a manageable risk profile with potential equity upside. By taking care of administrative complexities like compliance, risk management, accounting, and HR, we free you to focus on what you do best: underwriting and distribution. Our turnkey platform gets you into the market in just a few months, minimising disruption to your key relationships. With access to our network of highly rated issuing carriers and reinsurance partners, you can secure coverage with less stress and uncertainty. Built from the ground up, our purpose-driven technology simplifies workflows, enhances responsiveness, and eliminates the burden of outdated legacy systems.
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 Underwriting Assistant is responsible for assisting the underwriting team in all aspects of the underwriting process, including analysing risks, assessing policy information, and determining appropriate coverage levels.
What you'll do
- Under the direction of an Underwriter or Senior Underwriting Assistant, work to support the Underwriting workflow in the day-to-day servicing and processing of new business and renewal accounts.
- Daily communication with Underwriters and/or Senior Underwriters to ensure that tasks are being completed.
- Assist in audit preparation.
- Responsible for ensuring quality processing throughout the life cycle of a policy while building working relationships with internal and external teams.
- Maintains underwriting files by ensuring all relevant documents are included and appropriately filed/documented within the system.
- Develop and maintain a strong working knowledge of Missionβs underwriting guidelines, coverage forms, enhancements, rating plans and workflow.
- Follows up with Brokers and appropriate departments for outstanding subjectivities, loss run requests, inspections and other documentation as needed.
- 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.
- Process non-renewals and cancellation letters and endorsements.
- Review, finalise and issue policies.
Qualifications
- Bachelor's degree; OR 3+ years of experience in insurance
- Working knowledge of MS Word, Excel, PowerPoint
- Ability to learn new systems efficiently and effectively
- Ability to multitask and prioritise work
- Strong attention to detail and understand the importance of Mission's business needs
- Strong organisation and time management skills
- Ability to travel up to 10% of the year
Preferred Qualifications
- Experience in the commercial insurance industry and regulatory environment.
- Knowledge of project management software β like Monday.com
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, colour, peripheral, focus and depth perception.
Additional Information
This is a remote position. Planned, in-office activities may be required on occasion (typically 2-4 times per year). You must live in the United States and be authorised to work in the United States without requirement of employment sponsorship/visa.
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 Underwriting Assistant
β¨Tip Number 1
Network like a pro! Reach out to folks in the underwriting field, especially those connected to Mission Underwriters. A friendly chat can open doors and give you insights that a job description just can't.
β¨Tip Number 2
Prepare for interviews by brushing up on your knowledge of underwriting processes and the specific needs of Mission Underwriters. Show us you understand our workflow and how you can contribute right from day one!
β¨Tip Number 3
Donβt forget to follow up after interviews! A quick thank-you email can keep you fresh in our minds and show us you're genuinely interested in the role.
β¨Tip Number 4
Apply through our website for the best chance at landing the job. It shows us you're serious about joining our team and makes it easier for us to track your application!
We think you need these skills to ace Underwriting Assistant
Some tips for your application π«‘
Tailor Your CV: Make sure your CV is tailored to the Underwriting Assistant role. Highlight relevant experience and skills that match the job description, like your knowledge of insurance and attention to detail. We want to see how you fit into our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how your background makes you a great fit for Mission Underwriters. Keep it concise but engaging β we love a good story!
Show Off Your Skills: Donβt forget to showcase your technical skills, especially with MS Word, Excel, and any project management software you know. If youβve got experience in the commercial insurance industry, make sure to mention it β itβs a big plus for us!
Apply Through Our Website: We encourage you to apply directly through our website. Itβs the best way to ensure your application gets seen by the right people. Plus, it shows us youβre serious about joining our team at Mission Underwriters!
How to prepare for a job interview at Mission Underwriting Managers
β¨Know Your Underwriting Basics
Before the interview, brush up on your understanding of underwriting principles and processes. Familiarise yourself with common terms and concepts in the insurance industry, as this will help you speak confidently about your knowledge and show that you're genuinely interested in the role.
β¨Showcase Your Attention to Detail
As an Underwriting Assistant, attention to detail is crucial. Prepare examples from your past experiences where your meticulous nature made a difference. Whether it was catching an error in documentation or ensuring compliance, these stories will highlight your suitability for the role.
β¨Communicate Effectively
Practice your verbal and written communication skills before the interview. Since you'll be liaising with underwriters and brokers, being able to articulate your thoughts clearly is key. Consider doing mock interviews with a friend to refine your responses and ensure you come across as professional and approachable.
β¨Demonstrate Your Problem-Solving Skills
Think of specific instances where you've successfully tackled challenges in previous roles. The interviewers will want to see how you approach problems, especially in a fast-paced environment like underwriting. Be ready to discuss your thought process and the outcomes of your actions.