Property Underwriting Assistant — Hybrid Chicago

RT Specialty, LLC; Chicago (IL); Hybrid; USD 29,000 - 36,000; Full time

Job summary

Velocity Risk in Chicago seeks an early-career Underwriting Assistant to support the Property Underwriting team. You will work with experienced underwriters to evaluate property risks, assist with new and renewal submissions, and help with pricing, endorsements, and policy issuance.

The role offers hybrid work from our Wacker Drive office, with opportunities to grow into more senior underwriting responsibilities as experience increases.

Qualifications

• Bachelor’s degree in Risk Management & Insurance, Finance, Business, Economics, or a related discipline preferred; equivalent relevant insurance experience will also be considered.
• Open to candidates at multiple early-career stages, including Underwriting Assistants or other insurance professionals.
• Prior exposure to commercial property insurance, underwriting, brokerage, or another P&C insurance environment is a plus but not required for recent graduates.

Responsibilities

• Support the evaluation of new and renewal property submissions, ensuring underwriting information is complete, current, and accurate.
• Review submission information and exposure data to identify key risk characteristics and prepare accounts for underwriting review.
• Assist underwriters with risk selection, pricing, quoting, binding, endorsements, renewals, and policy issuance.
• Gather and organize information from brokers and other business partners needed to evaluate and process submissions.
• Develop an understanding of Velocity’s property underwriting appetite, guidelines, coverage forms, pricing considerations, and risk-selection criteria.
• Assist with premium calculations and the application of rates in accordance with underwriting guidelines and authority.
• Maintain accurate underwriting files, documentation, and system information throughout the lifecycle of an account.
• Communicate with brokers and business partners regarding submissions, outstanding information, policy documentation, and general underwriting inquiries.
• Build strong relationships with brokers and internal partners by providing responsive, solutions-oriented service.
• Monitor underwriting activity and assist with reporting, portfolio information, and other underwriting metrics as needed.
• Support audit, compliance, and documentation requirements and ensure underwriting activities follow established policies and guidelines.
• Partner closely with experienced underwriters and participate in training to build technical underwriting knowledge.

Skills

Analytical skills

Written and verbal communication

Detail-oriented

Education

Bachelor’s degree in Risk Management & Insurance, Finance, Business, Economics, or related discipline

Job description

Velocity Risk in Chicago seeks an early-career Underwriting Assistant to support the Property Underwriting team. You will work with experienced underwriters to evaluate property risks, assist with new and renewal submissions, and help with pricing, endorsements, and policy issuance.

The role offers hybrid work from our Wacker Drive office, with opportunities to grow into more senior underwriting responsibilities as experience increases.