Underwriting Assistant - Chicago, IL

Old Republic Professional Liability, Inc.

Chicago (IL)

Hybrid

USD 50,000 - 70,000

Full time

14 days+

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Job summary

Old Republic Professional is seeking an Underwriting Assistant in our Downtown-Chicago office. You will support a team of underwriters, help maintain efficient underwriting workflows, and deliver exceptional service to brokers and clients.

The role enables underwriters to focus on production and quality while you assist across workflow steps and ensure compliance with state guidelines. Work is hybrid with three days in the office; the team values collaboration, accuracy, and proactive

Qualifications

Bachelor’s degree preferred but not required.
1–5 years’ experience in the Insurance Industry desired.
Strong written and verbal communication skills.
Ability to work independently and in a team environment.

Responsibilities

Ensure completeness of all new submissions and obtain missing information from brokers.
Coordinate with underwriters and brokers to communicate account status and finalize subjectivities.
Confirm policy issuance instructions and complete coding/issuance tasks.
Quality control for accuracy of exposure bases, limits, and coverage extensions.
Generate broker correspondence related to processing and follow-up requests.
Process rate premium changes for changes in premium.
Create and maintain electronic files for accounts.

Skills

Insurance industry experience

Communication skills

Organizational skills

Teamwork

Attention to detail

Education

Bachelor's degree preferred

Job description

Underwriting Assistant

Location: Downtown-Chicago, IL

Job Type: Full Time

Remote Work: Hybrid, minimum 3 days in the office to promote collaboration and interaction with associates onsite

Salary Range: $50,000 - $70,000

Job Overview

The Underwriting Assistant is responsible for supporting a team of underwriters, helping them maintain efficient underwriting processes, and providing excellent customer service to our brokers/clients. The objective of this position is to enable underwriters to focus on business production and underwriting quality while assisting in various aspects of the workflow processes. You will also provide support to the compliance team and help ensure that forms, policies, and procedures follow state insurance department guidelines.

Job Responsibilities

Ensure completeness of all new submissions and reach out to broker to obtain missing information.
Liaise with underwriters and brokers, and as needed, to communicate account status and complete outstanding subjectivities.
Liaise with underwriters to confirm policy issuance instructions for policies, endorsements, forms, notices, certificates, etc. and effectively complete coding/issuance.
Quality control to ensure accuracy of work (e.g., exposure bases, limits, coverage extensions and/or any modifications).
Generate broker correspondence in electronic format (e-mail) related to transaction processing and informational follow up requests.
Process rate premium changes for premium bearing change requests.
Create and maintain electronic file for accounts.

Job Requirements

A bachelor’s degree is preferred but is not required.
1-5 years’ experience working in the Insurance Industry with a desire to learn and understand our insurance product offerings.
Basic knowledge and understanding of insurance policy terms and conditions.
Ability to process information in a timely manner.
Must have strong planning and organizational skills.
Must have strong written and verbal communication skills.
Ability to work independently and in a team environment, act with a sense of urgency, and adapt to an ever-changing environment quickly.
Take ownership and accountability for one’s work product with a solid commitment to quality and customer service.
Ability to establish priorities, coordinate, and monitor personal work plan while maintaining status and oversight of multiple submissions and renewals.

About Old Republic Professional

Old Republic Professional (ORPRO™), established in December 1983, is a subsidiary of Old Republic International Corporation (NYSE: ORI), one of the nation’s 50 largest shareholder-owned insurance businesses and a member of the Fortune 500 listing of America’s largest companies. Old Republic Professional has provided Directors and Officers liability insurance and Lawyers Professional liability insurance for more than 35 years and now offers a wide array of management liability and professional liability products across an expanding national footprint in the U.S.

Culture

Work-life balance is highly valued; work culture is collaborative; colleagues are professional, passionate, open-minded, and entrepreneurial. We offer competitive wages, a comprehensive benefits package, a friendly, team-oriented environment, and we encourage and reward the professional growth of our employees. Employee benefits include BCBS medical, FSA/HSA accounts, long-term disability, dental, vision, fertility and family building benefits, Employee Assistance Program, paid time off (PTO), paid holidays, Paid Leave of Absence Benefits, 401(k) Savings and Profit-Sharing Plan, 529 Education Savings Plan, Gym Network 360 membership savings on fitness, nutrition and wellness programs, pet insurance, monthly commuting reimbursement, and tuition reimbursement for qualified job-related educational expenses.

Equal Employment Opportunity

Old Republic Professional provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

Contact

Old Republic Insurance Group