Entry Level - Associate Underwriter

Amwins Global Risks; Chicago (IL); On-site; USD 40,000 - 80,000; Full time

Job summary

An established industry player is seeking an Entry Level Associate Underwriter to join their dynamic team in Chicago. This role involves assisting in the production and maintenance of new and renewal business, providing essential administrative support. You will engage in reviewing insurance documents, assessing risk factors, and collaborating with various departments. The company offers a broad benefits package, generous paid time off, and career advancement opportunities, making it an ideal environment for motivated individuals eager to learn and grow in the insurance field.

Benefits

Annual Bonus Potential

Medical, Dental, Vision, Life Insurance

Paternal Leave

Adoption Assistance

Travel Reimbursement for Healthcare

Retail Discount Program

Scholarships for Dependents

Generous Paid Time Off

Collaborative Work Environment

Career Advancement Opportunities

Qualifications

• 2-3 years of insurance experience or relevant degree.
• Proficient in Microsoft Office, especially Excel.

Responsibilities

• Review and process insurance documents and assess risk factors.
• Collaborate with other departments to coordinate underwriting services.
• Respond to inquiries from agents and clients regarding policies.

Skills

Insurance Knowledge

Customer Service

Problem Solving

Communication Skills

Attention to Detail

Education

B.A. in Insurance or Risk Management

Tools

Microsoft Office

Excel

Job description

Position: Entry Level - Associate Underwriter Location: 10 S. LaSalle Street, Suite 2000 Chicago, IL Job Id: 5727 # of Openings: 1

Underwriting Assistant – Public Entity

Summary

Assist in the production, marketing, and maintenance of new and renewal business by providing administrative support that is timely, efficient, and representative of the high standards set forth by the team. This support will include preparing proposals, binders and invoices, researching and solving accounting problems, handling agent inquiries, processing policies and endorsements, and following up on outstanding information, etc. This person will be motivated to learn the job, have a customer-focused attitude, and be able to function in a fast-paced environment.

What Amwins Offers

• Compensation includes a salary commensurate with experience
• Annual bonus potential
• Broad benefits package available
• Most benefits available first day of employment
• Medical, Dental, Vision, Life, etc
• Paternal Leave, Adoption Assistance, Travel Reimbursement for healthcare, Retail Discount Program, Scholarships for dependents of Amwins employees, etc
• Generous Paid Time Off and Company Holiday Schedule Collaborative, continuing education focused work environment
• Career advancement opportunities
  

Duties & Responsibilities

• Review, analyze, and process insurance documents such as applications, claims, policies, endorsements, and invoices
• Assess risk factors to determine eligibility for coverage
• Confirm all underwriting information is provided; request additional materials as needed to quote (e.g., loss runs, applications, financial statements)
• Enter all information in AmLINK and upload documents for internal accounting team
• Input policy data, calculate premiums and develop policy quotes based on risk evaluation using our in-house portal
• Respond to inquiries from agents, underwriters and clients regarding policy terms, conditions, and coverage with guidance from the Underwriter
• Update internal databases with changes in policy information
• Be able to Interact/develop relationships with clients, agents, and Underwriters
• Collaborate with other departments to coordinate underwriting services
• Respond quickly to policy requests from markets and agents
• Be able to offer strong decision-making skills, through thoughtful problem-solving and clear communication with team members, both written and verbal
• Keep organized and detailed underwriting files
• Manage several tasks for the demands of multiple accounts/programs with a sense of urgency. Consistently meeting deadlines and prioritizing assignments under the direction of the Underwriter
  
  

Knowledge & Experience

• 2-3 years of insurance experience, or a B.A. in insurance or risk management
• Full understanding and application of concepts, practices and procedures related to insurance
• Proficient in computer applications, particularly Microsoft Office, with advanced skills in Excel
• Work is performed under immediate to general supervision, following well-defined instructions, policies, and procedures
  

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