Commercial Lines Account Executive Assistant Underwriter

Job Description

Commercial Lines Account Executive / Assistant Underwriter:

Key Responsibilities:

1. 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.

2. 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.

3. 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.

4. Data Entry and Recordkeeping:

   • Maintain detailed and accurate client records policy documentation and underwriting files in the companys 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.

5. 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 clients specific business needs.

6. 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.

7. 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.

8. 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.

Qualifications:

• Bachelors 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.

Skills & Competencies:

• 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.

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