American Family Insurance ยท 1 day ago
Binding Authority Specialist - LIC
MA Boston
Full-time
Hybrid
Mid Level
$62K/yr - $103K/yrAmerican Family Insurance is a company that provides a range of insurance products and services. They are seeking a Binding Authority Specialist to work with wholesale placement and underwriting teams, focusing on policy formation, renewals, and endorsement underwriting for specialty binding authority business.
Angel InvestmentFinanceVenture Capital
No H1B
Responsibilities
Underwrite renewals, less complex excess/surplus coverages and endorsements
Ensure that quotes and binders are confirmed in writing and policies are formed promptly following the binding authority guidelines and statutory and regulatory compliance
Ensure taxes and fees are correct on policies
Review and analyzes binder quotes, shares analysis findings with agents, provides new quotes and rating premium submissions to meet production goals
Maintain complete client documentation, record data needed to issue insurance and follow up for missing information
Keep up to date with binding authority underwriting guidelines, best practices, and any change in regulatory or statutory environment
Build underwriting reports and checks for consistency and reviews and handle inspection recommendations and discrepancies as suggested by the underwriter
Communicate with clients and agencies needed and work with the underwriting team to understand underwriting processes
We may require you to complete other assignments or participate in projects based on skills, achievements, or experience
Qualification
Required
Demonstrated experience providing customer-focused solutions or support
Demonstrated experience using PC software applications (e.g., Internet Explorer, Outlook)
Demonstrated experience underwriting or underwriting binding authority for commercial, excess and surplus or specialty personal lines products
Solid knowledge of state-specific regulations and system/procedural support for insurance or brokerage products such as excess/surplus products
Demonstrated experience using reference materials, reading policy language, and processing rules and procedures
Solid knowledge of excess/surplus policy formation, processing processes, terms and procedures
Required to maintain current, active license(s) status by continuing education and meeting all state, operating and regulatory requirements
Benefits
Comprehensive medical, dental, vision and wellbeing benefits
Competitive 401(k) contribution
A pension plan
An annual incentive
9 paid holidays
A paid time off program (23 days accrued annually for full-time employees)
Student loan repayment program
Paid-family leave
Company
American Family Insurance
For more than 90 years, American Family Insurance has built its reputation on sound principles.
Founded in 2013
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Dan Reed
Founder. President, and MD
Recent News
Business Insider
2025-12-25
globalventuring.com
2025-12-13
2025-11-14
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