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Risk Specialists Companies Insurance Agency, Inc.
Senior Underwriting Assistant
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Based on Pennsylvania data
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What they do
An Underwriting Assistant assists insurance underwriters with administrative tasks and managing documents for insurance files, applications and claims. Assists with research, customer service, or compiling information for business or regulatory reports.
$51,636 / year median in Pennsylvania
Job Description
About the role This position is part of the UW support career progression and may report to a Senior Specialist, UW Support, Team Leader, or to an Team Manager, Underwriting Support. The Senior Underwriting Assistant is an individual contributor within the Underwriting Support Unit of the unit's field operations. This role assists the underwriters by screening risk offerings and with pre and post-binding processes. The role also performs services including problem-solving or research projects requiring broad insurance and/or procedural knowledge and works under direct supervision. This role will work on our AIG Risk Management business line.
Key responsibilities:
In addition to the traditional UA duties (see description below), this role will: Support regional UA Manager in overseeing all daily business activities and act as the first point of call for all UAs in the region Review new submissions against prescribed criteria to determine if risk qualifies for LOB risk appetite. Triages submission for missing information and follows up with the broker for outstanding items. Performs a comparison of renewal submission information against prior year information and documents differences for underwriting (i.e.- large exposure change, new entities or sold entities, change in operations, significant change in loss history, etc.). Renewals
- prior to policy expiration, reviews policies for manuscript endorsements and initiates the manuscript endorsement approval process on behalf of underwriting.
- manual rating, policies, endorsements, etc.
Job Requirements:
Knowledge of commercial insurance policy forms and regulatory requirements; Bachelor's degree preferred or equivalent work experience. 3+ years of commercial insurance experience. Prioritizing- able to navigate and switch between multiple proprietary, vendor, web-based, and standard computer systems. Microsoft Office
- proficiency in Excel, Word, and Powerpoint Learning Agility
- willingness to learn from experiences and new situations. Client Servicing
- ability to anticipate client (internal and external) needs and act proactively. Problem Solving
- identify problems and solutions matched to the appropriate solutions. Attention to Detail
- demonstrate attention to detail to ensure accurate documentation is maintained. Leadership Skills
- ability to mentor peers in the team For positions based in Illinois, the base salary range is $59,000
- $67,500 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. For positions based in New Jersey, the base salary range is $60,000
- $68,500 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.
Functional Area:
UW- Underwriting Risk Specialists Companies Insurance Agency, Inc. As a global risk leader with deep industry expertise and innovative solutions to smartly manage risk, AIG enables our clients' growth in ways they never thought possible. We also do the same for our colleagues, because we know our people are our greatest strength
- the source of every insight, every idea and every innovation.