An Insurance Underwriter evaluates and measures risk and advises businesses in insurance, banking and securities. Recommends customers to be approved for insurance coverage, and develops policies and premium levels. Reviews loan applications, evaluates credit-worthiness of loan applicants and analyzes the investment risk of a loan for the bank. Evaluates risk in different types of securities and advises clients on investments that will yield highest profits.
Metairie, LA Job Details Full-time $60,100 - $75,100 a year 16 hours ago Qualifications Confidential information handling Spreadsheets Risk assessment Productivity software Technical Proficiency Data warehouse Data extraction
Full Job Description Position Summary:
Assesses risk and processes requests within defined authority limits. Maintains, issues and quotes new and renewal policies and tail coverages; central contact responsible for handling phone inquiries from policyholders; responsible for providing back up for system and application processes and maintenance. Works closely with Marketing, Claims, and Finance and Risk Management departments to resolve policyholder issues.
Reporting Relationship:
Reports directly to the Insurance Operations Support Assistant Manager with oversite from the Insurance Operations Support Manager and technical direction from the
Director of Underwriting Essential Functions/Responsibilities:
Works in a cooperative manner with management, coworkers, customers, and vendors; seeks to support LAMMICO's mission and vision in daily operations Meets assigned target dates and objectives; helps ensure that department quality, service, and productivity standards are met Answers phone inquiries and screens calls for referral to the Underwriters, Marketing, Agency, and Risk Management; includes handling routine requests for service, coverage and non-coverage questions and billing questions Rates professional and general liability insurance coverage including estimated quotes for changes or new business Responsible for evaluation and underwriting of new and renewal individual Miscellaneous Healthcare Providers medical professional liability insurance coverages; issues new business policies; performs quality review; services book of business Evaluates risk and processes premium and non-premium bearing endorsements (examples include but are not limited to part-time coverage, locum tenens, corporate entity coverage, extended reporting endorsements and address change endorsements) Resolves discrepancies on renewal policies Upon instructions from underwriter, produces mid-term endorsements and invoices; performs quality review and issues new business policies Performs initial review and follow-up on Renewal Applications and generates requests for additional information as needed Generates formal tail quote letters to policyholders Process refunds and handle void check process Provides assistance to Business Analyst for data reporting requirements, data integrity processing system/ application processing and maintenance needs Responsible for invoice quality assurance; create manual invoices as needed; conducts open Accounts Receivable research and management including follow up on Overdue Process Handles correspondence to and from policyholders; responds to phone inquiries; provides consultation and advice to insureds Respond to PCF inquiries for discrepancies and requested documentation Responsible for contacting Marketing when physician cancels or moves their coverage to other policies Set up CIS records for corporations or as needed for other risk types Researches past due accounts receivable items and reconciles accounting issues, including premium finance issues. Responsible for contacting premium finance company regarding PFAs, any discrepancies and following up on notices of cancellation for payment; issue policy cancellations and set up refunds accordingly Complete all CE requirements for maintenance of P&C Attend quarterly JRA committee meetings for professional development
Secondary Functions/Responsibilities:
Other responsibilities and special projects as assigned Provides intra and inter departmental training assistance and training on the Underwriting module of the core operating system as well as the CIS record module Acts as back-up to Policyholder Support Reps on individual policy review procedure as needed
Education, Experience and Skills Required:
Ability to provide service and deal with demanding customers in a fast paced environment Ability to adapt and learn new procedures Ability to handle multiple tasks in an orderly and timely fashion Ability to access the data warehouse to extract reports and required information Data processing knowledge and experience, including Microsoft Word and Excel Experience with policy quoting, rating and issuance systems, (consideration will be given to existing LAMMICO employees who have demonstrated the ability to perform the role) Strong customer focus and team orientation Ability to appropriately handle confidential or sensitive company information Excellent communication skills with the ability to interact and work effectively with employees at all levels within the organization Ability to manage time, set priorities and work independently Proficiency in the use of
Microsoft Office Programs Desired:
College degree or equivalent work experience Active P&C license, or in the process of obtaining; license must be obtained within 60 days from date of hire Insurance industry experience Experience with medical malpractice rating and issuance systems
