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AIG · 1 month ago

Senior Underwriting Assistant

Atlanta, GA

Part-time

Onsite

Senior Level

AIG is a global leader in commercial and personal insurance solutions, and they are seeking a Senior Underwriting Assistant to support the Underwriting Support Unit. This role involves assisting underwriters with risk assessment, policy issuance, and maintaining effective relationships with brokers and clients.

BankingFinancial ServicesInsurance

Responsibilities

Support regional UA Manager in overseeing all daily business activities and act as the first point of call for all UAs in the region

Review new submissions against prescribed criteria to determine if risk qualifies for LOB risk appetite. Triages submission for missing information and follows up with the broker for outstanding items

Performs a comparison of renewal submission information against prior year information and documents differences for underwriting (i.e. – large exposure change, new entities or sold entities, change in operations, significant change in loss history, etc.)

Renewals - prior to policy expiration, reviews policies for manuscript endorsements and initiates the manuscript endorsement approval process on behalf of underwriting

Issues policies, endorsements, and cancellations; prepares policy writing instructions and premium billings, and processes individual policy filings

Completes loss rating and develops initial pricing, basic coverage structuring, quotation, and binder packages on behalf of the underwriter

Possess an in-depth understanding of coverages and program structures, as well as internal policy coding systems to ensure account completeness

Designated as the first point of contact for brokers

Assists the underwriter in the preparation of business, and metric reports; assists in the review of procedures to resolve issues

Trains and end provides oversight of less experienced support staff

Participates in projects as required

Establish effective relationships with internal and external customers

Performs quality control of all work returned from Shared Services (i.e. – manual rating, policies, endorsements, etc.)

Performs quality control of premium audit statements prior to underwriting review; documents discrepancies and work with the premium auditor for resolution

Performs quality control of adjustments prior to underwriting review; documents discrepancies and works with CS adjustment team for resolution

Attend broker or client meetings as requested by underwriting