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Associate Underwriter – Wind

Associate Underwriter – Wind

CompanyHowden
LocationChicago, IL, USA
Salary$70000 – $75000
TypeFull-Time
DegreesBachelor’s
Experience LevelJunior, Mid Level

Requirements

  • Bachelor’s degree preferred.
  • Minimum of 2 to 4 years insurance experience.
  • Working knowledge of insurance terminology.
  • Typing proficiency (35 wpm minimum).
  • Proficiency in Microsoft Office Suite & proficiency in Agency Management System(s).
  • Experience working in a “paperless” environment preferred.
  • Ability to follow policies and procedures.
  • Complete assigned tasks accurately, on time and able to learn quickly.
  • Self-motivated and demonstrate an attention to detail.
  • Be able to work independently for extended periods.
  • Excellent written and verbal communication skills as well as a general understanding of business writing.
  • Ability to work well in a small office environment and show a willingness to support the team, including general clerical and administrative tasks as needed.

Responsibilities

  • Underwriting Authority:
  • Policy Issuance review and correspondence.
  • Conduct inspection review and analysis resulting in appropriate issue identification, and process post inspection changes, as necessary.
  • Assist Underwriters as requested.
  • Process submissions by providing account triage for Underwriters.
  • Provide backup support for Underwriters when traveling in the market.
  • Gather and compile information required to quote and/or bind an account.
  • Generate, edit and send out a variety of correspondence on behalf of the Underwriters such as declination letters, quote follow ups and subjectivity reminders.
  • Demonstrates basic understanding of technical underwriting principles and risk underwriting characteristics.
  • Learn market dynamics, competitive landscape, and product differences.
  • Provide customer service and underwriting support to help achieve new and renewal premium goals.
  • Expected to develop business/personal relationships with producers.
  • Travel with an underwriter.
  • Other related clerical and administrative duties as assigned.
  • Fill in for other team members to ensure business continuity during peak periods and/or when team members are unavailable.

Preferred Qualifications

  • Experience working in a “paperless” environment preferred.