Westfield Insurance ยท 3 days ago
Underwriting Assistant
Westfield Insurance is seeking an Experienced Underwriting Assistant to support their Specialty Insurance Excess Casualty Team. The role involves reviewing accounts for risk acceptability, coordinating business applications, and collaborating with underwriters to develop risk assessment strategies.
Insurance
Responsibilities
Reviews individual accounts for exposure identification and acceptability of risk in accordance with company guidelines and standards
Sets up new business, renewal business applications for quoting, coordinates timely quote turnaround and reviews quote for accuracy
Supports renewals by ordering and analyzing reports, gathering information, and providing a checklist of what the underwriter needs to address at renewal
Coordinates renewal file information with the appropriate renewal underwriters and examiners
Verifies and validates data accuracy on submitted applications and documents, such as applicant information, policy information, and financial documents, to ensure that all required data is complete and accurate
Collaborates with the underwriting team to develop risk assessment strategies and protocols, which may include conducting market research, analyzing historical data, and identifying emerging risks
Prepares reports and presentations on underwriting processes, trends, and metrics for management and clients, which may include analyzing data and presenting findings in a clear and concise manner
Assists in the review and development of policy language and coverage requirements, analyzes market trends and identifies potential risks and opportunities
Facilitates communication between underwriters, brokers, agents, and policyholders to resolve issues and ensure timely processing of applications
Maintains and updates underwriting databases and systems to ensure data accuracy and accessibility, which may involve troubleshooting and resolving technical issues
Maintains an operating knowledge of Westfield Group standardized hardware, software programs, third-party software (MS Office), and processing procedures
Supports special projects and initiatives related to underwriting process improvement and automation, helps provide training and support to new underwriting assistants that are hired
Keeps current on issues and regulations, industry activity and trends, internal processes, and procedures, and shares this information with team members
Qualification
Required
Minimum of 2-5 years of experience in Insurance Underwriting Required
High School Diploma or General Education Diploma (GED) and/or commensurate work experience
Knowledge Of Underwriting Systems and Tools
Insurance Industry Knowledge
Business Acumen
Insurance Regulatory Compliance
Customer Service Management
Underwriting Operations
Insurance Policies
Agency Management
Stakeholder Management
Information Systems
Company
Westfield Insurance
Founded in 1848, Westfield is a global leader in property and casualty insurance, delivering superior risk insights and innovative solutions to customers through a diverse portfolio of insurance products.