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MSIG Insurance Services Inc
Warren, NJ | Full Time
$67k-87k (estimate)
4 Months Ago
MSIG Insurance Services Inc
Warren, NJ | Full Time
$82k-107k (estimate)
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System One
Warren, NJ | Contractor
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2 Months Ago
Underwriting Operations Technician
$67k-87k (estimate)
Full Time 4 Months Ago
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MSIG Insurance Services Inc is Hiring a Remote Underwriting Operations Technician

MSIG North America continues to grow! 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. Under supervision provide technical underwriting and administrative support for less complex assigned new and renewal 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 with direction 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. • With guidance, 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. • Interpret data and set up accounts in appropriate system(s) ensuring accuracy, working directly with the underwriter. • With guidance from the Underwriting Team 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.). • Develop a basic understanding of reinsurance placement to complete all aspects of reinsurance tasks per underwriting guidelines with supervision. • 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. • Provide 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.; ensure 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.). • 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. • 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). • With supervision, process, and issue mid-term premium and non-premium bearing endorsement transactions within threshold. Refer all material change endorsement requests to appropriate Underwriter for sign-off and approval. • 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: This is an entry level position for individuals with no insurance experience or an individual with prior office experience. 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 High School diploma or GED is required. College credits or bachelor’s degree, preferred. 1 years prior customer service experience and basic knowledge of insurance underwriting process, 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.

Job Summary

JOB TYPE

Full Time

SALARY

$67k-87k (estimate)

POST DATE

01/26/2024

EXPIRATION DATE

05/13/2024

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