Assistant Underwriter Job at Lockton, Inc.
SUMMARY:
Lockton Affinity, a division of Lockton Companies located in Overland Park, Kansas, is currently hiring for a person to join the underwriting team as an Assistant Underwriter. Our underwriting team serves as an insurance industry advocate with a focus on improving the customer experience by understanding their risk and properly insuring their exposures. This position will be responsible for qualifying individual risks in accordance with our underwriting guidelines.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Work within established new and renewal procedures in reviewing applications to determine risk eligibility and assign competitive pricing guidance for risk.
- Correspond with internal and external customers to collect and analyze insurance information that facilitates the risk assessment process and provides underwriting support in: quoting, binding, issuing, and endorsing policies.
- Ensure compliance of referral criteria outside of underwriting authority.
- Prepare files for underwriter approval outside of authority by performing preliminary review and evaluation of the risk.
- Document and communicate policy approvals or rejections to the underwriting team and internal/external customers in a timely manner.
- Review and process transactional items for individual risks.
- Perform other work-related duties and projects as assigned.
EDUCATION, EXPERIENCE, AND SKILLS REQUIRED:
- Bachelor’s degree in Business, Finance, or other relevant study preferred.
- Comprehensive understanding and application of concepts, practices, and procedures related to insurance.
- Ability to work independently and exercise good judgement in accordance with regulatory and carrier requirements on moderately complex items.
- Proficiency using Microsoft products.
- Solid aptitude for mathematical proficiency.
- Strong verbal and written communication skills.
- Organizational and time management skills to meet time sensitive deadlines.
The preceding job description has been designed to indicate the general nature and level of work performed by Associates within this classification. It is not designed to contain or be interpreted, as a comprehensive inventory of all duties, responsibilities, and qualifications required of Associates assigned to this job.
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