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Crum & Forster

Underwriting Assistant

UnderwritingUpdated on Nov 12
Full-timeMorristown, NJ, USA

About the Job

Requirements

  • At least 3 years of experience; insurance experience related to rate, quote, and issuance of property and casualty insurance is preferred.
  • A high school diploma is required.
  • Proficiency in Microsoft Office applications, including Word, Excel, and Outlook.
  • Strong property knowledge is a plus.
  • Ability to independently assign class codes and handle bureau criticisms.
  • Ability to assess situations promptly and take appropriate action.
  • Ability to meet standards set by the manager and set high standards for oneself.
  • Ability to work across complex organizations.
  • Ability to communicate effectively in person and virtually.
  • Ability to follow guidelines and best practices while innovating, with an emphasis on quality and customer service.

Responsibilities

  • Partner with underwriters to establish support needs for renewals and new business policies, including identifying and gathering relevant account information for quoting or binding policies and creating exhibits.
  • Prepare documents and participate in pre-renewal meetings.
  • Prepare underwriting and pricing exhibits, including exposures, experience ratings, profit and loss analyses, expense models, and updated account information.
  • Manage account documentation, including proposals, agreement letters, reinsurance contracts, collateral agreements, policy changes, endorsements, and cancellations.
  • Ensure accurate and timely account servicing and billing.
  • Communicate with brokers, agencies, wholesalers, and internal departments; research and resolve issues and respond to inquiries and questions.
  • Coordinate with the Operations Specialist to update internal systems and complete rating.
  • Prepare quotes for underwriters by reviewing exposures and experience ratings, updating account information and rates, and adjusting prices as requested.
  • Complete renewals under formal guidelines, commonly referred to as a Letter of Authority, when applicable.
  • Provide information for regulatory compliance, including statutory filings, proof of insurance, and certificates.
  • Participate in projects and assignments as requested.
  • Manage assigned work and resolve potentially conflicting priorities in collaboration with the leader.
  • Manage relationships with agents, wholesalers, peers, and business partners; be available for agency visits as needed.

Desired Qualifications

  • A bachelor's degree is preferred.
  • Insurance experience related to rate, quote, and issuance of property and casualty insurance is preferred.
  • Knowledge of state rules is a plus.
  • Strong property knowledge is a plus.

About the Company

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