Assistant Underwriter, D&O

Aegis; Jersey City (NJ); Hybrid; USD 60,000 - 65,000; Full time

Benefits offered by this job

Health & Wellness

401(k) with matching

Time Off

Hybrid work schedule

Tuition assistance

Professional development opportunities

Commuter benefits

Pet insurance

Job summary

AEGIS Insurance Services, Inc. is seeking an Assistant Underwriter, Casualty Underwriting, to provide technical support to assigned underwriters. You will process submissions, assist with quotes, and help ensure timely and accurate policy delivery to Members-Policyholders and brokers.

The role emphasizes data integrity, QA, and coordination with brokers. Candidates should have at least 1 year in insurance, an undergraduate degree or equivalent, and familiarity with underwriting processes.

Qualifications

• Minimum 1 year of business experience in an insurance setting
• Undergraduate degree or equivalent work experience; business-related degree a plus
• Professional insurance designation a plus
• Working knowledge of insurance terms, concepts, products, and coverages
• Working knowledge of underwriting rating systems
• Understanding of rating, quoting, binding, and issuing an insurance policy

Responsibilities

• Data Management and Reporting: monitor workload via status reports; ensure submissions have complete Member-Policyholder and Broker data; enter submission info into Underwriting System for quotes.
• Quality Assurance and Continuous Improvement: maintain underwriting performance standards; provide admin support to Underwriters; proofread documents; process policies; identify deficiencies and suggest solutions; assist underwriters in resolving issues with brokers and Members-Policyholders; maintain technical knowledge of lines of business.
• Communication and Documentation: daily communication with underwriters about priorities; prepare quote letters, binders and invoices; document PCRs and follow up on renewals; ensure timely premium collections and monitor collection reports; follow up on uncollected premiums.
• Collaboration and Team Support: work with underwriting team and other divisions; coordinate with brokers and Members-Policyholders; maintain relationships; assist in special projects

Skills

Insurance knowledge

Underwriting rating systems

Quoting, binding, issuing

Microsoft Word

Microsoft Excel

Education

Undergraduate degree or equivalent

Business-related field degree a plus

Tools

Microsoft Office

Job description

AEGIS Insurance Services Inc. has an immediate opening for:

Assistant Underwriter, D&O

Job Description:

AEGIS Insurance Services, Inc. (“AEGIS”) has an immediate opening for an Assistant Underwriter, Casualty Underwriting responsible for technical support to their assigned Underwriter(s) by assuring timely and accurate processing, delivery, and servicing of AEGIS insurance products, to the satisfaction of both the Underwriter(s) of their team and our external customers which are the Members-Policyholders and the brokers that represent them. The Assistant Underwriter maintains Underwriting Performance Standards in respects to quality and processing timeliness to achieve superior customer service for accounts processed by the team. In addition, the Assistant Underwriter ensures accurate invoicing and collections of all premiums billed.

Job Requirements:

• Minimum 1 year of business experience; experience in an insurance company or broker environment desired

• Undergraduate degree or equivalent work experience; degree in a business related field a plus

• Professional insurance designation a plus

• Working knowledge of insurance terms, concepts, products, and coverages desired

• Working knowledge of technical underwriting rating systems desired

• Demonstrated knowledge of the processes associated rating, quoting, binding, and issuing an insurance policy a plus

• Proficiency with Microsoft Office: Specifically Word and Excel

AEGIS Core Competencies:

• Collaborative Communications and Behavior: Develops and maintains effective working relationships as a team member and across divisions; readily collaborates and shares information, seeks and provides constructive feedback, and supports a respectful workplace
• Initiative and Accountability: Proactively addresses opportunities to enhance AEGIS’ people, processes, products, and services, takes ownership for one’s responsibilities by acting with integrity and in the best interest of the organization and stakeholders
• Quality-Focused: Demonstrates a solution-focus, displays thoroughness and accuracy through quality deliverables, and demonstrates persistence and perseverance in achieving concrete and tangible outcomes
• Service-Oriented: Conveys a genuine desire and ability to anticipate and meet customer needs and creates and nurtures mutually beneficial relationships within AEGIS and with AEGIS Members and brokers

Essential Job Functions:

Data Management and Reporting

• Support the Underwriting Division by monitoring and managing workload through the use of status reports
• Ensure that all submissions (new and renewal) are properly set up with accurate and complete Member-Policyholder and Broker information
• Enter submission information into the Underwriting System, at the request of the Underwriter, which may involve the initial setup of the quote by entering risk and exposure information to create a preliminary quote

Quality Assurance and Continuous Improvement

• Maintain Underwriting Performance Standards in respects to quality and processing timeliness in order to achieve superior customer service for accounts processed by the team

• Provide administrative support to the Underwriter(s) by managing workflow in order to prevent processing issues associated with time and/or delivery of service

• Proofread all documents for grammar, spelling, and technical consistency with respect to Underwriting processing procedures, quality, and time standards

• Prepare and process all policies in accordance with Underwriting processing procedures, quality, and time standards

• Identify deficiencies in existing procedures and processes pertaining to processing and suggest solutions to the Process Supervisor or UW Process Manager

• Assist assigned Underwriter(s) in resolving issues that surface with respect to individual accounts, including interfacing with Brokers and Members-Policyholder to resolve service issues; this may include identifying the issue, gathering information, obtaining a decision or action authorization, initiating corrective action, reporting action internally and externally as required, and monitoring satisfaction with implemented solution(s)

• Develop and maintain technical efficiency as well as product and coverage knowledge of the lines of business assigned to the team

Communication and Documentation

• Ensure daily communication with assigned Underwriter(s) to alert them of work priorities regarding potential quote and policy issuance aging violations

• Prepare quote letters, develop, and process binders and invoices

• Properly document the receipt of policy change requests (PCRs), obtain the Underwriter’s instructions and authority, and process the PCR

• Monitor, and follow up with the Member-Policyholder or Broker, if necessary, on renewals to ensure that a complete application is received, and assemble all required information in order for the Underwriter to begin the underwriting process

• Keep all premium collections current

• Monitor the Premium Collection Warning Report on a weekly basis

• Follow up with the Broker or Member-Policyholder on uncollected premiums and elevate premiums not collected to the Underwriter per Company guidelines

Collaboration and Team Support

• Work collaboratively with all members of the Underwriting team and other AEGIS employees to achieve corporate, Division and Underwriting Processing Unit objectives and accountabilities

• Work with external customers, Underwriters, and other AEGIS Divisions to investigate and resolve individual account issues; identify deficiencies for prompt resolution, coordinate and facilitate internal response, and communicate results

• Maintain an awareness of individual account and Broker satisfaction levels through customer follow-ups on services provided

• Develop and maintain a professional relationship with Members-Policyholder and/or the Brokers representing them

• Assist in special projects as needed

www.aegislink.com

EOE

AEGIS Insurance Services, Inc. participates in E-Verify

We expect to pay a starting salary between $60,000 and $65,000. An applicant’s placement within this range is based on their individual qualifications and professional experience. In addition to base salary, AEGIS employees are eligible to participate in the Company’s annual incentive program, with competitive awards based on corporate and individual performance.

In addition, we offer a comprehensive and competitive suite of options for health & wellness, retirement, income protection, time off and additional benefits:

• Health & Wellness: Medical, dental, vision, mental health support and employee assistance programs
• Retirement: 401(k) with matching contribution
• Income Protection: Life, disability, accident and critical illness insurance
• Time Off: Vacation days, sick days, holidays and family/military leave options
• Other: Commuter benefits, pet insurance, hybrid work schedule
• Growth: Tuition assistance and professional development opportunities

In addition, we offer a comprehensive and competitive suite of options for health & wellness, retirement, income protection, time off and additional benefits:

• Health & Wellness: Medical, dental, vision, mental health support and employee assistance programs
• Retirement: 401(k) with matching contribution
• Income Protection: Life, disability, accident and critical illness insurance
• Time Off: Vacation days, sick days, holidays and family/military leave options
• Other: Commuter benefits, pet insurance, hybrid work schedule
• Growth: Tuition assistance and professional development opportunities

We will consider this application carefully, but it does not guarantee employment. Selection is on a competitive basis. In addition, you must meet employment standards and specific position requirements. Qualified applicants will receive consideration for employment without regard to race, creed, color, sex, sexual orientation, age, marital status, disability, national origin, veteran status or any other legally protected status.

AEGIS Insurance Services, Inc. participates in E-Verify.