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Vault Insurance · 5 months ago

Underwriting Assistant- West region

United States

Full-time

Remote

New Grad, Entry Level

$72K/yr - $85K/yr

Vault Insurance specializes in providing personal insurance for highly successful individuals and their families. The Underwriting Assistant will perform general underwriting functions, analyze inspection reports, and establish relationships with agents to support the underwriting team.

Financial ServicesInsurance

Responsibilities

Performs general underwriting functions including submission reviews, pricing analysis, and setting policy terms and conditions

Analyze inspection reports, communicate inspection requirements, and determine if underwriting action is required

Monitor various reports for consistency and determining appropriate action or changes

Make and follow through with request for missing information from outside sources

Establish and maintain relationships with our agents; cross sell to round out existing accounts

Act as a liaison with our claims team on any claim’s activity and determine if underwriting action is required

Partner with Concierge and Underwriting teams in building and maintaining business relationships

Demonstrate solid service standards while developing strong sales skills and underwriting best practices

Develop relationship with assigned brokers. Able to build trust and reputation in the market

Develop basic knowledge of underwriting guidelines and principles

Develop working understanding of applicable file documentation

Manage new business submission and issuance process within authority level with agents and Concierge partners

Manage Risk Services, Endorsement and Renewal support processes within authority level with Concierge and Underwriting teams

Identify and prioritizes tasks to assist the underwriters in winning the best business

Establish basic underwriting of internal reports

Establish ability to identify basic profile and loss indicators with book of business

Provide timely and clear account proposals to agent partners with underwriting supervision

Participate in agency web trainings

Navigation of presentation software applications

Successful identification of key players at brokers

Develop foundational understanding of industry with exposure to compliance, insurance laws, and insurance financials

Qualification

Property & Casual InsuranceAnalytical SkillsUnderwriting GuidelinesCommunication SkillsTime ManagementCustomer ServiceProactive LearningTeam OrientedAdaptable