Underwriting Assistant jobs in New Jersey
Underwriting Assistant provides support and assistance to underwriting staff. Performs administrative duties regarding new and renewal accounts, risk assessments, and loss runs and loss ratings. Being an Underwriting Assistant may assist underwriters with the computation of rates and premiums. Typically requires a high school diploma. Additionally, Underwriting Assistant typically reports to a supervisor. The Underwriting Assistant works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be an Underwriting Assistant typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)
Recently Added Underwriting Assistant jobs
Underwriting Assistant
- MSIG Insurance Services Inc
-
Warren, NJ
FULL_TIME
- MSIG North America continues to grow! Summary/Job Purpose: Responsible for supporting the underwriting process for multiple lines of insurance coverage which includes property, casualty, workers compensation, umbrella, excess lines, marine and automobile coverages. Provide technical underwriting support for highly complex assigned accounts. Including but not limited to collecting data, account setup, rating, producing quotes and binders, issuing policies and endorsements. Proactively assist in ensuring the underwriting process is handled efficiently and accurately. Provide Underwriters with required reports and analysis. Essential Functions: Collect and reconcile new and renewal submission information to prepare policy/account files for underwriter review in accordance with company underwriting guidelines and standards. Review and analyze account information for necessary underwriting data (exposures, loss information, driver information, financials, loss control reports, etc.). Communicates and follows up with broker for missing information. Review, analyze and accurately input financial and statistical information into the appropriate system(s) to provide timely and accurate quote (pricing), policy, reinsurance, endorsement processing. Maintain various databases to ensure all systems accurately reflect updated account information/documentation in accordance with company underwriting guidelines. Rate products with proprietary plans (i.e., Umbrella, COP, Inland Marine, etc.). Review, approve, and expedite routine renewals, endorsements, cancellations, and correspondence within delegated authority. Refer all material change endorsement requests to appropriate Underwriter for sign-off and approval. Under direct supervision, underwrites and assesses risk and makes recommendations for less complex accounts. Produce quotes and binders for new and renewal accounts/policies (i.e., identify/gather relevant account information to quote and/or bind the policy; identify proper forms and endorsements used for policy construction, etc.). Complete all aspects of reinsurance tasks per underwriting guidelines. Review and analyze accounts for reinsurance placement, organizes information and accurately inputs data into required system. Obtains required underwriting data from client. Manages all aspects of the risk account from submission to applicable document issuance. Perform quality control checks to ensure data accuracy and maximize the integrity, quality and usability of information which will minimize discrepancies encountered by other departments. Proactively problem solve to meet and exceed client/broker expectations with internal standards. Work on identifying process/system improvement concepts, and critical success factors for achieving high results in Operations. Provides excellent customer service in a timely and professional manner to internal and external customers including, but not limited to Underwriters; Operations; Agents and Brokers; to facilitate the processing of business with current and prospect accounts. Respond to brokers service requests for loss runs, endorsements, etc.; ensuring all appropriate documentation is received (i.e., signed statements of values; signed terrorism rejection forms; obtaining copies of underlying policies for umbrella and excess policies). Research and assist in resolving inquiries generated from internal and external customers (i.e., policy/account status, rating, and billing issues, etc.). Participates in broker/agency visits, loss inspections, etc., per Underwriter’s recommendation. Develops negotiation skills through their interaction with agents/brokers and via coaching from their Underwriter. Order and retrieve Risk Engineering reports as necessary based on underwriting criteria. Review inspection reports and summarizes/highlights key elements based on existing underwriting data; follows-up on recommendations to ensure compliance to MSIG risk management standards. Signs off on inspection within assigned authority levels. Accurately enter data into Cat Modeling Template and submit to Cat Modeling Team. Analyze output for both catastrophe management as well as improve underwriting decisions. Provide the underwriter with base analysis (i.e., flood zone info, if included). Subject matter expert for business processes, tools and systems, act as a resource and coach for others, answering questions and providing direction. Properly document all systems/account files within established due dates. Ability to effectively manage, organize and prioritize multiple tasks. Supervisory Responsibilities: This position has no supervisory responsibilities. Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Education and Experience Required: Diploma/Degree & Experience College Degree or equivalent work experience with emphasis on insurance, business or accounting preferred. 6 years prior customer service experience with emphasis on analytic functions in underwriting, accounting, or statistical disciplines. 4 years’ experience as an underwriting analyst preferred. Solid knowledge of primary and/or reinsurance underwriting process, rating, and coverages for property/casualty lines of business preferred. It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group! It is the policy of MSIG-NA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG-NA will provide reasonable accommodations for qualified individuals with disabilities. Each employee plays an important role which contributes directly to the success and continued growth of MSIG. MSIG Holdings (U.S.A.), Inc. (MSIG) is a wholly owned subsidiary of the MS & AD Insurance Group Holdings, Inc. – one of the top ten property-casualty insurance groups world-wide. Our Group has capital in excess of $25 Billion, operations in more than 40 countries and nearly 40,000 personnel located globally. MSIG in the U.S. is comprised of three insurance companies with licenses in all fifty states as well as Puerto Rico and the District of Columbia. These companies and five other subsidiaries, deliver state of the art risk financing programs, insurance products, risk engineering and claims management services that enable our clients to effectively and efficiently manage their risks. Our insurance companies share the A.M Best’s A XV Rating and Standard & Poor’s A Rating of our Japan-based parent. Our clientele runs the gamut from small and mid-sized, sole-proprietorships, partnerships and corporations, up to some of the largest and most sophisticated multinational corporations operating in the U.S. and globally. The vast majority of clients seek our support related to Commercial Lines insurance products including Commercial Property and Liability Insurance products. However, through our subsidiary – Seven Hills Insurance Agency, LLC. – we are able to provide Personal Lines Insurance products including homeowners, renters, automobile, etc. Specialties: All Risk Property, Commercial Liability, Automobile, Workers Compensation, Management Liability, Marine, Excess & Umbrella, Claims Management, Risk Engineering services, etc. Don't see the dream job you are looking for? Click "Get Started" below to drop off your contact information and resume and we will reach out to you if we find the perfect fit.
- 4 Days Ago
Underwriting assistant
- AmTrust Financial
-
Morristown, NJ
FULL_TIME
- Underwriting Assistant I Job Locations US-NJ-Morristown Requisition ID 2024-16738 Category Underwriting Position Type Regular Full-Time Overview We are currently looking for an Underwriting Assistant ...
- 11 Days Ago
Underwriting assistant
- TEKsystems
-
Saddle Brook, NJ
FULL_TIME
- Description : This role is a newly created role defined to support the underwriting team with high volume policy request JOB SUMMARY This position is responsible for handling moderate to complex inqui...
- 11 Days Ago
Underwriting Assistant
- Everest National Insurance Company
-
Warren, NJ
FULL_TIME
- Title: Underwriting Assistant Company: Everest Insurance Company Job Category: Underwriting Job Description: Recruiter will add job description Type: Regular Time Type: Full time Primary Location: War...
- 20 Days Ago
Underwriting Assistant
- Berkley
-
Mount Laurel, NJ
OTHER
- Company Details What makes Admiral Insurance Group ADMIRABLE. Since 1974, Admiral Insurance Group has been supporting business innovation and market growth through our wholesale-dedicated excess and s...
- 20 Days Ago
Underwriting Assistant: Commercial Lines
- Jimcor Agencies
-
Montvale, NJ
FULL_TIME
- Essential Duties/Responsibilities:Processes binders, renewals and correspondenceProvides support to the Inspection Processing team by advising on discrepancies and recommendations on inspections. Assi...
- 1 Day Ago
Underwriting Assistant jobs at Popular Companies
Underwriter Assistant
- Ryan Specialty
-
Farmington, CT
- RT Specialty, a division of Ryan Specialty, is looking for an Underwriter Assistant to join our Chicago team. We are a f...
- 6/2/2024 12:00:00 AM
Underwriting Assistant
- Berkley
-
Boston, MA
- Company Details: Berkley Construction Solutions (BCS) offers lead and excess liability capacity to the commercial constr...
- 6/2/2024 12:00:00 AM
Underwriter Assistant
- Brown & Brown, INC.
-
Addison, TX
- Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best...
- 6/2/2024 12:00:00 AM
Insurance Underwriting Assistant
- Hoya Insurance Agency Inc
-
San Gabriel, CA
- Job Description Job Description Insurance office in LA County has an immediate full-time Commercial P/C underwriting ass...
- 6/1/2024 12:00:00 AM
Underwriting Assistant
- NSM Insurance Group, LLC
-
Dallas, TX
- Overview: KBK Insurance Group is the premier insurance provider for the commercial towing and garage industry and has be...
- 6/1/2024 12:00:00 AM
Underwriter Assistant
- Starr Companies
-
Miami, FL
- Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty...
- 6/1/2024 12:00:00 AM
Underwriting Assistant
- W. R. Berkley Corporation
-
Minneapolis, MN
- To assist underwriting department through the handling of limited exposure accounts and to complete underwriting functio...
- 6/1/2024 12:00:00 AM
Transportation Underwriter Assistant
- Gallagher
-
Rolling Meadows, IL
- About Us: At Risk Placement Services, we're more than just a team – we thrive on collaboration, creativity, and tackling...
- 5/22/2024 12:00:00 AM
About New Jersey
New Jersey is bordered on the north and northeast by New York (parts of which are across the Hudson River, Upper New York Bay, the Kill Van Kull, Newark Bay, and the Arthur Kill); on the east by the Atlantic Ocean; on the southwest by Delaware across Delaware Bay; and on the west by Pennsylvania across the Delaware River.
New Jersey is often broadly divided into three geographic regions: North Jersey, Central Jersey, and South Jersey. Some New Jersey residents do not consider Central Jersey a region in its own right, but others believe it is a separate geographic and cultural area from the Nor...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Underwriting Assistant jobs
$52,580 to $66,729
Most Popular Cities in New Jersey for Underwriting Assistant Jobs
What does an Underwriting Assistant do?
Underwriting Assistant in Montgomery, AL
There is a multitude of information associated with the rates charged, and underwriting assistants work with underwriters to make sure the process is done smoothly and efficiently.
February 08, 2020
Underwriting Assistant in Gainesville, FL
Underwriting assistant jobs may also be found in other types of financial institutions, such as banks and loan companies.
February 19, 2020
Underwriting Assistant in Eugene, OR
An Underwriting Assistant helps underwriters with policyholder information.
December 13, 2019
Filter by location to see Underwriting Assistant salaries in your area.
December 10, 2019