Underwriting Specialist

2 weeks ago

Boston, United States Safety Insurance Full time
Job Details

Job Location
Safety Insurance Main Office - Boston, MA

Benefits of Working for Safety

Safety Insurance has become one of the leading property and casualty insurance providers in Massachusetts mainly because of our unwavering commitment to independent agents and their customers. Our success is built on a philosophy of offering the highest quality insurance products at competitive rates and providing the best service at all costs.

Through our supportive career, educational and family policies, we enable our employees to be their best. We respect the balance of work and leisure by offering flexible schedules and a 37.5 hour workweek. Safety employees enjoy a positive environment in our convenient downtown office located in the heart of Boston's financial district.

Along with our competitive salaries, we offer a comprehensive benefits package including medical and dental insurance, 100% matching 401k retirement plan, 100% tuition reimbursement and much, much more

Job Summary

Under the minimal supervision of the Manager, the individual supports the interests of the company and the Underwriting department, ensuring accurate rating. Works with management to development process improvements and written procedures. Ability to work independently, make decisions and follow through on tasks while managing a high volume workload. Reviews various data through both internal and external systems and identifies issues for referral to underwriters.

Duties

  • Trains new staff
  • Develops department procedures
  • Acts as resource for other staff members and other departments
  • Ensures compliance with regulatory rules and protects the interest of the company by ensuring accurate rating and reporting.
  • Verifies data through various systems both internal and external to ensure accurate rating and reduce fraud
  • Identifies issues and communicates to underwriting and/or support staff
  • Processes transactions via data entry; including cancellations, reinstatements, non-renewals and endorsements
  • Compiles and maintains logs, through Excel and Access and provides production reports to management
  • Sends reports to agencies
  • Prints and sends monthly letters using mail merges.
  • Verifies policy information using the Registry of Motor Vehicles system and other data bases
  • Balances production using various methods
  • Meets timeliness requirements
  • Performs other activities as required
Qualifications
  • College degree required
  • Three - five years of department/insurance experience required
  • Insurance coursework required
  • Excellent knowledge of Access, Excel and Word required
  • Ability to implement improvement plans and monitor progress
  • Familiarity with CSC and the Registry of Motor Vehicles databases preferred.
  • Ability to work in a team environment
  • Ability to work independently
  • Must be able to multi-task, work successfully in a fast, high paced environment, manage a high volume workload and see projects through to completion
  • Personal and Commercial lines experience preferred

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