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Associate Underwriting Specialist

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Great American Insurance Group

1mo ago

  • Job
    Full-time
    Expert Level
  • Los Angeles
  • Quick Apply

AI generated summary

  • You need an Associate's degree or equivalent experience, 14 years in underwriting, knowledge of policies, strong analytical skills, and good communication. Professional designations preferred.
  • You will review underwriting applications, analyze data, collaborate with brokers, manage documentation, underwrite policies, and lead departmental initiatives while ensuring compliance and data integrity.

Requirements

  • Education: Associates Degree in Business, Finance, or a related field or equivalent experience.
  • Experience: Generally, a minimum of 14 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 of Risk Management (ARM).
  • Scope of Job/Qualifications: Performs work under minimal supervision. Performs specialized duties utilizing often-complex processes/procedures on a variety of assignments. Works with authority on routine assignments. Functions within the highest authority limits designated for the Associate title. Exhibits expert knowledge of coverage, policy forms, provisions, workflows, and systems within the assigned territory/unit. Demonstrates analytical, risk assessment, and problem-solving skills. Maintains knowledge of company policies and industry laws and regulations. Excellent interpersonal and communication skills. Viewed as a senior resource on the Associate Underwriting team. Provides technical advice and support to lower-level positions.

Responsibilities

  • Leads 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.
  • Leads the preparation and organization of underwriting files. Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.
  • Compiles and analyzes 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 complex correspondence.
  • Research and respond to complex questions from brokers/agents.
  • Responsible for providing information to Processing that is needed to issue policies and endorsements on a timely basis. May issue, process or code transactions.
  • Oversees entry / processing to ensure data integrity and to avoid potential systemic issues.
  • Leads 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 lead the work of others, provide guidance to less experienced staff, and serve as a resource to other functional areas.
  • Performs other duties as assigned.

FAQs

What is the main location for the Associate Underwriting Specialist position?

The primary location for this position is not specified, but it is assumed to be within Great American Insurance Group's operational areas.

What type of experience is required for this role?

A minimum of 14 years of experience in underwriting or a related field is generally required.

Is there a preferred educational background for applicants?

Yes, the preferred educational background includes an Associate's Degree in Business, Finance, or a related field, or equivalent experience.

Are there opportunities for professional development in this position?

Yes, the company encourages beginning or continuing progress toward professional designations such as AU, CPCU, CIC, INS, or ARM.

What specific skills are important for an Associate Underwriting Specialist?

Important skills include analytical, risk assessment, and problem-solving skills, as well as excellent interpersonal and communication abilities.

Will I be required to lead initiatives in this role?

Yes, the Associate Underwriting Specialist may lead various departmental initiatives, including updates and enhancements to forms and conducting user acceptance testing.

Are benefits provided to employees in this position?

Yes, the company offers a competitive Total Rewards package, including medical, dental, vision plans, PTO, paid holidays, and more, starting on day one.

Is there a specific salary range for the Associate Underwriting Specialist position?

The salary range for this role is between $62,000.00 and $81,000.00, depending on various factors such as skills and experience.

Does this position require working within a team environment?

Yes, collaboration with underwriters and brokers/agents is an important aspect of this position.

What responsibilities are included in the role?

Key responsibilities include reviewing underwriting applications, analyzing risk exposure, preparing underwriting files, and processing policy transactions.

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Great American Insurance Group

Finance
Industry
5001-10,000
Employees

Mission & Purpose

For more than 150 years, customers have trusted us to protect what matters most to them. Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Our innovative and specialized insurance solutions are designed to serve niche marketplaces that we know well. With our deep expertise and financial strength, we have laid a foundation of success that has stood the test of time. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged in property and casualty insurance. With more than 30 specialty property and casualty insurance businesses, we’re well-positioned to offer tailored insurance solutions to meet businesses’ unique needs. Great American Insurance Company has received an "A" (Excellent) or higher rating from the AM Best Company for 115 years (most recent rating evaluation of "A+" (Superior) affirmed December 16, 2022). The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio.