Underwriting Assistant
Job Description
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The Underwriting Assistant, in our Workers Compensation division, will provide support to the Underwriting department to select, price and manage business to produce an underwriting profit.
Key Accountabilities/Deliverables:
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Responsible for screening new business submissions, for possible declination outside of Underwriting appetite.
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Responsible for informing Underwriter of any unusual account characteristics discovered during the screening and set up of new and renewal submission file.
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Responsible for identifying and obtaining documentation that is required for evaluation of new and renewal business submissions, including but not limited to insured history and supplemental applications, in preparation for Underwriters evaluation and quoting of the risk.
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Responsible for reviewing losses and completing a Loss Projection Worksheet for new and renewal submissions.
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Responsible for reviewing new and renewal business rating for accuracy and researching the addition of other possible rating elements that impact pricing.
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Responsible for obtaining policy documentation required to support pricing decisions, regulatory requirements, and company compliance.
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Bind and issue new and renewal policies in accordance with bureau and state requirements, as well as in a timeframe to meet overall corporate service standards.
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Follow up with Brokers for missing and late payroll reports and payments, signed endorsements, and employee concentration information.
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Work closely with Underwriters and Assistant Underwriters on account management issues.
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Carry out duties within our internal policies and procedures in accordance with applicable law, rules, regulation, good governance and Core Specialty’s shared values, including putting clients at the heart of our business.
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Other duties as assigned.
Technical Knowledge and Understanding:
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Knowledge of the insurance industry, line of business preferred.
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Computer skills (Microsoft applications).
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Basic math skills.
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Excellent data entry skills.
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Strong verbal and written communication skills.
Experience:
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High School Diploma or equivalent required, associate’s degree preferred.
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Minimum of 2 years’ experience in the insurance industry
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Excellent organizational skills.
The expected pay range for the role is $50,000 - $58,000 annual. The specific offer will depend on an applicant’s skills and experiences. The disclosed pay range estimate may also be adjusted for the applicable geographic differential for the location in which the position is filled.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa for this position.
#LI-Onsite
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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
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Date Posted
12/07/2024
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