Underwriting Assistant

CRC Group; Chicago (IL); On-site; USD 45,000 - 65,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

401(k) plan with company match

Generous paid time off

Restricted stock units for eligible positions

401(k) plan with match

Paid time off

New parent leave

Restricted stock units

Job summary

A leading insurance firm in Chicago seeks an Associate with wholesale insurance experience to manage policy evaluations, documentation, and relationships with carriers. The candidate will need a state-specific Insurance License and must possess strong teamwork and communication skills. This full-time role offers comprehensive benefits, including health insurance, 401(k) matching, and generous paid time off programs.

Qualifications

• Required one year of wholesale insurance experience.
• Must understand and analyze necessary components of insurance policies.
• Good written and verbal communication skills necessary.
• Ability to work extended hours when necessary.
• Knowledge of commercial multi-line underwriting and rating.
• Ability to use carrier software.
• Ability to develop and maintain carrier/agent relationships.
• Team-oriented and collaborative work style.
• Maintain current knowledge of the insurance industry.
• Strong written and verbal communication skills.
• Able to work extended hours when necessary.

Responsibilities

• Evaluate policies and make changes as needed.
• Manage file and account documentation.
• Produce cancellation and non-renewal notices.
• Maintain account files per company policy.
• Establish new submissions in clearance system and handle per procedures.
• Produce cancellation and non-renewal notices per statutory requirements.
• Manage underwriting files for accounts not issued; follow procedures.
• Maintain account files per company policy.
• Perform other duties as assigned.

Skills

Wholesale insurance experience

Understanding of insurance policies

Knowledge of commercial multi-line underwriting

Ability to maintain relationships with carriers

Good written and verbal skills

Teamwork

Carrier relationships

Industry knowledge

Education

State specific Insurance License

Tools

Carrier software

Job description

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

1. Evaluate policies, endorsements, audits, cancellations, etc., resolve any discrepancies and make changes as needed.

2. Review and process policy servicing requests (endorsement, audits, Company requests, Certificates, Premium Finance Notices and Cancellations, etc.).

3. Manage file and account documentation.

4. Invoice and process new business and renewal binders, premium bearing endorsements, and cancellations according to internal and carrier guidelines.

5. Establish New Submissions in the clearance system and handle according to established procedures.

6. Produce cancellation and non-renewal notices according to statutory and contractual requirements.

7. Manage underwriting files on accounts in which policies are not issued and handle according to Company and internal established procedures.

9. Maintain account files in accordance with company policy.

10. Perform other duties as assigned.

QUALIFICATIONS

Required Qualifications:

1. One year of wholesale insurance experience

2. State specific Insurance License

3. Experience as an underwriting clerk or a three years of general insurance experience

4. Must be able to understand and analyze necessary components of insurance policies

5. Must have knowledge of commercial multi-line underwriting and rating

6. Must have ability to carrier software

7. Ability to develop, foster, and maintain an excellent working relationship with carriers and agents

8. Ability to work in a team environment essential

9. Maintain current knowledge of the insurance industry

10. Good written and verbal skills

11. Ability to work extended hours when necessary

General Description of Available Benefits for Eligible Employees of CRC Group:

At CRC Group, we're committed to supporting every aspect of teammates' well-being – physical, emotional, financial, social, and professional. Our best-in-class benefits program is designed to care for the whole you, offering a wide range of coverage and support. Eligible full-time teammates enjoy access to medical, dental, vision, life, disability, and AD&D insurance; tax-advantaged savings accounts; and a 401(k) plan with company match. CRC Group also offers generous paid time off programs, including company holidays, vacation and sick days, new parent leave, and more. Eligible positions may also qualify for restricted stock units and/or a deferred compensation plan.

CRC Group supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. CRC Group is a Drug Free Workplace.

EEO is the Law Pay Transparency Nondiscrimination Provision E-Verify

Seniority level

Associate

Employment type

Full-time

Job function

• General Business, Marketing, and Administrative
• Industries: Insurance Agencies and Brokerages