Commercial Lines Account Executive/ Assistant Underwriter
2 weeks ago
Commercial Lines Account Executive / Assistant Underwriter:
Key Responsibilities:
- Account Management and Client Support:
- Assist account executives and producers in managing a portfolio of commercial clients.
- Serve as a primary point of contact for clients, responding to inquiries and providing policy details, endorsements, and updates.
- Ensure timely and accurate preparation of insurance proposals, certificates of insurance, and renewals.
- Build and maintain relationships with clients to ensure retention and satisfaction.
- Underwriting Assistance:
- Support the underwriting process by gathering and analyzing necessary documentation, including applications, risk data, and financial statements.
- Assist in preparing underwriting submissions to carriers and ensure the accuracy of all documentation.
- Work with underwriters to evaluate the insurability of risks and help negotiate terms, coverage, and pricing with insurers.
- Perform risk assessments and ensure all policy details are in line with client needs and carrier guidelines.
- Policy Issuance and Documentation:
- Help create and issue insurance policies and endorsements, ensuring accuracy and compliance with company and regulatory standards.
- Manage policy renewals, updates, and cancellations in a timely and efficient manner.
- Review contracts and insurance terms to ensure they align with client agreements and business needs.
- Data Entry and Recordkeeping:
- Maintain detailed and accurate client records, policy documentation, and underwriting files in the company's CRM or policy management system.
- Ensure all client and policy information is up-to-date, organized, and easily accessible.
- Perform data entry tasks related to renewals, quotes, and other client interactions.
- Risk Assessment and Analysis:
- Assist in assessing the risk factors associated with potential clients or renewals and work alongside senior underwriters to determine appropriate coverage and pricing.
- Analyze insurance proposals and provide input on the best coverage options based on the client's specific business needs.
- Collaboration and Coordination:
- Work closely with producers, account executives, and underwriters to ensure client needs are met and policies are appropriately underwritten.
- Coordinate with insurance carriers to obtain quotes and additional information, ensuring smooth and efficient underwriting and placement of policies.
- Compliance and Quality Control:
- Ensure compliance with state regulations, company policies, and industry standards.
- Review policies and paperwork to ensure accuracy, completeness, and compliance with all legal and underwriting requirements.
- Client Retention and Up-selling:
- Assist in identifying opportunities to up-sell additional coverage or services to existing clients.
- Participate in regular client meetings and reviews to ensure client satisfaction and identify potential coverage gaps.
- Bachelor's degree in business, finance, insurance, or a related field (preferred).
- Previous experience in commercial insurance or underwriting is highly desirable (1-3 years).
- Knowledge of commercial insurance products, including property, liability, workers' compensation, and business interruption coverage.
- Insurance license (preferred, or willingness to obtain one).
- Strong communication and interpersonal skills to build and maintain relationships with clients and carriers.
- Detail-oriented with excellent organizational and time management skills.
- Proficiency with office software (Microsoft Office Suite) and insurance management systems (CRM or policy management software).
- Ability to work under pressure, manage multiple tasks, and meet deadlines.
- Analytical thinking and problem-solving abilities.
- Strong customer service orientation with a proactive approach to addressing client needs.
- Ability to collaborate effectively with teams, including producers, underwriters, and service staff.
- Excellent written and verbal communication skills.
- High level of professionalism, confidentiality, and integrity.
#LI-TM1
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