Insurance Underwriter
2 weeks ago
Built on meritocracy, our company culture fosters a collaborative environment where self-starters thrive. As an Underwriter I, you will play a crucial role in underwriting insurance coverage and associated tasks for existing and new insurance pool/program business under the guidance of the Underwriter II or Underwriting Director/Manager.
Key Responsibilities:- Implement underwriting functions to determine the acceptability of new and renewal business according to the Letter of Authority, if applicable.
- Manage account files and organize program information.
- Compile and maintain current and accurate files.
- Provide timely responses to inquiries from producers, insureds, and internal stakeholders.
- Develop working relationships with insurer underwriters, wholesalers, and agents with the assistance of the Underwriter II.
- Set up new applications and process renewal submissions.
- Prepare certificates of insurance, endorsements, and policy issuance as needed.
- Maintain account information in the system through detailed data entry.
- Prepare premium/exposure reports for carriers (quarterly) and Accounting (monthly), also known as Bordereaux Reports.
- Recommend process improvements and train underwriting assistant staff as needed.
- High school diploma.
- Valid driver's license.
- Ability to obtain a Washington State Property & Casualty Insurance Producers License (courses and testing provided by the company).
- Math skills, such as Business Math or basic accounting functions.
- Prior insurance experience or a college degree.
Manual dexterity, arm and upper body range of motion sufficient for use of a keyboard, mouse, and telephone on a constant basis for at least 7-10 hours per day. Speech and hearing sufficient for in-person and telephone communication on a constant basis for at least 7-10 hours per day. Vision sufficient for use of a computer monitor. Ability to sit at a desk on a constant basis for at least 7-10 hours per day.
Annual Salary Range: $50,000 - $75,000
We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.
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