Sr Underwriting Assistant

PMA Companiesover 1 year ago
United States
Remote
Full-time
Junior Level (1-3 years)
$54,400-$66,500 Annually

Job Description

Position Overview

As a member of our underwriting support team, you will provide high level support to the underwriting function. In this role, you will assist in the preparation of new business quotes and policy issues, as well as rate both new business and renewal applications, while maintaining accuracy and meeting targeted due dates.

Key Responsibilities

  • Complete portfolio process (RPA) prior to renewal date
  • Complete pre-underwriting process of renewals by Underwriter due date and new business submissions
  • Coordinate the pre-underwriting process which includes, but is not limited to:
    • Review of application
    • Request for add'l info from agent or PMA staff
    • Classification of exposures
    • Ordering RMA, D&B, MVR's and synopsis
    • Completion of loss trend and development
    • Analysis of large claims and loss trends
    • Review of prior audits
  • Complete new business, renewal and financial notification forms
  • Attend and fully participate in all Team and Underwriting Meetings
  • Meet with assigned underwriter weekly to discuss and prioritize work processes and tasks
  • Process work in a timely and accurate manner
  • Rate and issue WC new business and renewal policies. Provide instruction to the Rating Center for completion of PAL lines new business and renewal policies
  • Issue WC and Auto state filings as required
  • Review correspondence including: Mid-term endorsement requests, Cancellation requests, WC Bureau letters. Respond to inquiries within UA authority
  • Maintain Corporate Underwriting Image Standards
  • Contact producers and insureds to obtain information and expedite service
  • Visit agents with an Underwriter to establish contact and acquaint them with work routines
  • May assume a major role in training new hires, special projects, and learning & presenting new material to other Underwriting Assistants
  • Demonstrate commitment to Company's Code of Business Conduct and Ethics, and apply knowledge of compliance policies, procedures, standards and laws applicable to job responsibilities

Required Qualifications

  • High School diploma or equivalent.
  • 1-3 years of experience in an underwriting function. Sufficient knowledge of at least one or more lines of business to approve and process new and renewal policies that meet all parameters established by underwriters.
  • Experience working with internal/external clients.
  • Ability to maintain professional, proficient working relationships.
  • Strong team skills.

Compensation

Target Salary Range: $54,400 - $66,500

Required Skills

Client Coordination
Underwriting Support
Renewal Processing
Policy Issuance
Process Management
Training and Mentoring
Risk Rating
Communication
Team Collaboration
Data Analysis