Underwriting Assistant

Convelo Insurance Group; Conshohocken (Montgomery County); On-site; USD 40,000 - 60,000; Full time

Job summary

A specialty insurance firm in Conshohocken is seeking an Underwriting Assistant to support Underwriters with quotes, binders, and policy issuance. Responsibilities include establishing submissions, reviewing applications, and gathering information for underwriting decisions. Candidates should have a Bachelor's degree and 1-3 years of insurance experience, along with strong communication skills and the ability to work both independently and in a team. This position values diversity and inclusivity in the workplace.

Qualifications

• 1-3 years of insurance experience required.
• Demonstrated strong written and oral communication skills necessary.
• Proven ability to work both independently and within a team environment.

Responsibilities

• Establish new submission in the clearance system.
• Assist Underwriters with quote, binder, and policy issuance workflows.
• Gather and organize information to support underwriting decisions.
• Assist Underwriter with computation of rates and premiums.
• Review incoming insurance applications for accuracy and completeness.
• Participate in the development of underwriting workflows and processes.
• Follow up with producers for outstanding information.
• Process and distribute insurance binders and endorsements.
• Prepare all policies in accordance with final binders.
• Manage all account documentation.

Skills

Strong written and oral communication skills

Ability to work independently and as part of a team

Education

Bachelor's Degree

Job description

Convelo is a managing general agent and wholesale broker positioned perfectly to give agents and brokers easy access to the most competitive specialty insurance products in the healthcare, senior living, non-profits, human services, and other sectors. Convelo is a socially conscious organization boasting an amazing culture of relentless grit and continuous improvement. We go to work every day to positively affect people's lives and we strive to do the same for our employees. The Underwriting Assistant will assist Underwriters with quotes, binders, and policy issuance workflows.

Responsibilities

• Establish new submission in the clearance system and handle according to established procedures
• Assist Underwriters with quote, binder, and policy issuance workflows
• Gathers and organizes information and reports (e.g., loss runs, risk assessments, and loss ratings) that support the underwriting decision.
• Assist the Underwriter with the computation of rates and premiums.
• Review incoming insurance applications for accuracy and completeness
• Participate in the creation and development of the team's underwriting workflows and processes, including underwriting files for all bound accounts
• Work with and follow up with producers for any outstanding information
• Process and distribute insurance binders, endorsements and polices within processing standards established by management
• Prepare all policies in accordance with final binders inclusive of review by underwriting staff
• Manage all account documentation

Qualifications

• Bachelor's Degree
• 1-3 years of insurance experience
• Demonstrated strong written and oral communication skills
• Ability to work both independently and within a team environment

Here at Convelo, we value Diversity, Equity, and Inclusion. Our teams are composed of individuals from different cultures, geographies, religions, races, ethnicities, genders, sexual orientations, abilities, and generations. We are committed to fostering a Diverse and Inclusive environment for all people because we believe that a variety of experiences makes us stronger—as individuals, as communities and as a company.

Even if you don’t feel that you fit all of the criteria listed, please apply! There may still be a place for you on our team.