Associate Underwriter - Specialty Construction at American Family Insurance Group

Windsor, Connecticut, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, ConstructionIndustries

Requirements

Associates Degree in Business, Finance, or a related field or equivalent experience
Generally, a minimum of 10 years of experience in Underwriting or Operations
Experience with Large Deductible and SIR policies, and Wrap Up program

Responsibilities

Conducts comprehensive reviews and evaluations of underwriting and operations applications, ensuring they align with Company policies and underwriting guidelines
Collaborates with underwriters and brokers/agents to obtain additional information and clarify application details
Analyzes relevant data, including financial statements, property valuations, and loss histories to assess risk exposure
Prepares and maintains underwriting files, ensuring all documents and approvals are properly filed
Compiles reports on risk evaluations, policy statuses, and portfolio performance for underwriters and management
May underwrite new and renewal policy transactions within written authority
Enters and audits policy information on an assigned product, territory and / or agency in accordance with template rules
Reviews premium and loss data on an individual account as part of renewal underwriting, change underwriting, or mid-term underwriting
Orders, evaluates, and takes appropriate action on required reports, endorsement requests, service requests, and general correspondence
Research and respond to complex questions from brokers/agents
Evaluate and classify business, perform rating and develop sample policies in a timely manner in support of the quoting process
Issue and bill policies within SLAs
Monitor the Wrap Up enrollment mailbox for insured requests and manage to a 48-hour processing SLA
Determine renewal & non-renewal status for wrap up programs or practice policies. Process non-renewals in a timely manner in accordance with state insurance regulations
Calculate renewal exposures, process and issue renewal policies within policy effective months
Oversee the premium audit process in collaboration with the Premium Audit Team. Act as a liaison between the Wrap Up administrator and the Premium Audit Team resolving any premium audit needs. Process and issue the final premium audits within 90 days of policy expiration
Participates in various departmental initiatives, including updates and enhancements to forms and interfaces, conducting user acceptance testing for systems and policies, and evaluating the impact on existing policies and practices
May provide guidance to less experienced staff and serve as a resource to other functional areas
Performs other duties as assigned

Skills

Key technologies and capabilities for this role

UnderwritingWorkers CompensationGeneral LiabilityLarge Deductible PoliciesSIR PoliciesWrap Up ProgramsRisk AssessmentFinancial Statements AnalysisLoss History AnalysisInsurance Applications

Questions & Answers

Common questions about this position

Is this position remote or office-based?

The position will either be based in the Windsor, CT office, which offers a hybrid work environment, or completely remote.

What experience is ideal for this Associate Underwriter role?

The ideal candidate should have experience with Large Deductible and SIR policies, and Wrap Up program.

What is the salary for this position?

This information is not specified in the job description.

What is the company culture like at Great American Insurance Group?

The company combines a 'small company' culture where your ideas will be heard with 'big company' expertise, values diverse backgrounds and experiences, and aims to create a workplace where all employees feel included, empowered, and enabled to perform at their best.

What makes a strong candidate for this Senior Associate Underwriter position?

A strong candidate has experience with Large Deductible and SIR policies, and Wrap Up programs, along with skills in conducting comprehensive reviews of underwriting applications, analyzing risk data, and collaborating with underwriters and brokers.