What are the responsibilities and job description for the Underwriting Assistant position at Risk Services, LLC?
Company Description
Risk Services is a full-service captive insurance manager providing all the services necessary to form and operate an insurance company or captive facility, including, but not limited to, consulting and formation services, financial and NAIC reporting, assistance with regulatory compliance, underwriting and policyholder services, and acting as reinsurance and fronting intermediary. Risk Services is primarily located in Sarasota, FL.
Risk Services is a subsidiary of The Amynta Group, who is one of the leading insurance distribution and services companies with over $1.8 billion in generated premium and 1,900 associates across North America, Europe and Australia. Amynta operates in three primary segments: Managing General Agencies, Warranty, including automotive, consumer and specialty equipment, and Specialty Risk. We are an independent, customer-centered and underwriting-focused company recognized for serving leading carriers, wholesalers and retail agencies with innovative insurance solutions.
Risk Services is a fast-growing organization and is looking to expand its team of highly driven professionals striving to meet its clients’ complex needs.
Job Description
• Uses knowledge and independent judgment to determine eligibility of risks when compared to guidelines of programs available. Responds to questions from agents received via telephone, email, chat, mail and fax.
• Reviews insurance applications and documentation to determine if the applicant is an acceptable risk in accordance with company guidelines and standards.
• Recommends appropriate premiums and coverage for risks after complete analysis and consideration of applicant documentation, business factors and competitive situations.
• Prepares written communication on adverse underwriting decisions, proposals, referrals, rate appeals, underwriting requirements, status and declinations.
• Analyzes commercial line accounts.
• Evaluates pricing and coverage to ensure premiums charged are accurate.
• Entry of applications and exposure information in program software.
• Pre-underwrite accounts to ensure complete and comprehensive submissions are obtained and forwarded to Underwriter for review.
• Manages book of business to achieve profitability goals.
• Builds productive and positive relationships.
• Assists with binding and issuance of policies, processing of endorsements, filings, invoices, renewal and new business underwriting, risk assessments, loss runs and loss ratings.
• Provide support and assistance to underwriting staff.
• Assist management and underwriters on a range of general insurance and underwriting functions.
Education and/or Experience
• High school diploma required (Bachelor’s Degree (and/or combined education and experience) an advantage
• Strong knowledge of Microsoft Applications including, Word, Excel and Power Point
• Strong technical underwriting and analytical skills
• Ability to learn new software programs
• Strong attention to detail, dependability and follow through
• Ability to analyze data and present recommendations based on outcomes of analysis
• High level of maturity to handle sensitive and confidential situations
• Strong work ethic and excellent time management skills
• Strong interpersonal skills and the ability to work well with people throughout the organization
• Ability to work independently, under minimal supervision as well as in a team environment
• Ability to handle complex issues and problems and defer to higher-level staff only as needed
• Ability to prepare and effectively present information in one-on-one and small group situations to customers, clients and employees
• Ability to manage multiple priorities and meet productivity deadlines in a fast paced environment
• Excellent communication, interpersonal and organizational skills