What are the responsibilities and job description for the Underwriting Assistant position at Core Specialty Insurance Services, Inc.?
- The position will be part of the Healthcare team and will ensure the efficient and effective management of all information necessary to support the underwriting activities of the organization. The underwriting assistant will perform a variety of complex administration tasks within established process and quality guidelines. Key Accountabilities/Deliverables: Process incoming submissions, including clearance, review of information received and data entry into the system to prepare account for rating and quoting. Assist Underwriter with confirming new/renewal business conditions and subjectivities including review of applications, supplements, loss runs and other requested underwriting information and advising Underwriter of any discrepancies. Process Requests to Bind including electronic delivery of Binder Confirmations and invoices to agents; perform follow-up and resolve information discrepancies between agent requests and Underwriter prior to updating the account status. Prepare policy output that complies with company standards/guidelines; process non-critical service requests such as cancellation notice, name changes and address changes. Monitor Underwriter workflow when Underwriters are traveling and/or out of the office. Perform underwriting/policy audit review; summarize audit results and recommend corrective action as required. Participate in departmental projects as required. Technical Knowledge and Understanding: Understanding of insurance terminology required. Knowledgeable with the requirements to prepare new/renewal policy output that complies with state requirements and accurately reflects the risk details the company has agreed to insure. Proficiency in Microsoft Office including Word, Excel, Outlook and Access. Experience: 1 years’ experience in professional liability insurance area. Bachelor’s degree required with focus in Risk Management/Insurance preferred. Strong written and verbal communication skills are essential. Proven analytical, decision-making, and problem-solving skills. Functional in a highly collaborative environment. Ability to work both independently and in a team environment. 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-Hybrid - 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 Core Specialty offers a diversified range of property and casualty insurance products for small to mid-sized businesses. From underwriting offices spanning the U.S., the Company focuses on niche markets, local distribution, and superior underwriting knowledge, offering traditional as well as innovative insurance solutions to meet the needs of its customers and brokers. For further information about Core Specialty, please visit www.corespecialtyinsurance.com. In compliance with the Transparency in Coverage rule, issued in 2020 by US Departments of Health, Human Services, Labor and Treasury our health plan’s machine-readable files (MRFs) can be accessed via www.Cigna.com.