Senior Associate Underwriter at American Family Insurance Group

Los Angeles, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Associates Degree in Business, Finance, or a related field or equivalent experience
Generally, a minimum of 10 years of experience in Underwriting or a related field
Beginning or continuing progress toward and/or the completion of a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS), or Associate

Responsibilities

Conducts comprehensive reviews and evaluations of underwriting 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
Underwrites 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
Researches and responds to complex questions from brokers/agents
Provides information to Processing that is needed to issue policies and endorsements on a timely basis
May issue, process or code transactions
Monitors entry / processing to ensure data integrity and to avoid potential systemic issues
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

UnderwritingRisk AssessmentInsurance ApplicationsUnderwriting GuidelinesBroker CollaborationCasualty InsuranceProperty InsuranceUmbrella InsuranceExcess Insurance

Questions & Answers

Common questions about this position

What is the salary for the Senior Associate Underwriter position?

This information is not specified in the job description.

Is this a remote position or what is the location requirement?

This information is not specified in the job description.

What skills are required for the Senior Associate Underwriter role?

The role requires skills in conducting comprehensive reviews of underwriting applications, analyzing financial data and loss histories, underwriting new and renewal policies within authority, and collaborating with underwriters and brokers.

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

The company combines a 'small company' culture where ideas are heard with 'big company' expertise, values diverse backgrounds and experiences for collaborative success, and fosters an inclusive workplace where employees feel empowered.

What makes a strong candidate for this underwriting position?

Strong candidates will have experience in risk evaluation, policy underwriting, data analysis including financial statements and loss histories, and the ability to collaborate with brokers and manage detailed documentation.