Underwriting Assistant I

Everest; Chicago (IL); On-site; USD 50,000 - 73,000; Full time

Job summary

Everest, a leader in reinsurance, is seeking an Underwriting Assistant I for its Chicago office. This entry-level position involves processing, clearance, and modeling accounts using analytical skills and attention to detail. Ideal for recent graduates, the role offers a varied workload and opportunities for growth in a dynamic sector.

Qualifications

• 0-3 years of experience in Reinsurance industry or Cat modeling preferred.
• Recent Graduates are encouraged to apply.

Responsibilities

• Daily review of General Submission Mailbox for Clearance.
• Processing Binders and Endorsements in Accounting system.
• Running and analyzing catastrophe models and pricing reinsurance contracts.

Skills

Analytical skills

Attention to detail

Organizational skills

Problem-solving skills

Communication skills

Education

Bachelor's degree in business, risk management or related field

Tools

Microsoft Excel

Job description

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Title:

Underwriting Assistant I

Company:

Everest Reinsurance Company

Job Category:

Underwriting Operations

Job Description:

The Fac Property Team of Everest Reinsurance Company, a member of the Everest Re Group, Ltd. is looking for a Underwriting Assistant I to join our Warren, NJ/Chicago, IL office. This person will be responsible for clearance, processing, and modeling accounts through Everest’s underwriting & pricing system, maintaining files, and creating documentation for bound accounts. The position offers a varied and challenging workload and would be a great fit for anyone who has strong analytical and organizational skills, as well as an attention to detail.

Responsibilities include but not limited to:

• Daily Review of General Submission Mailbox for Clearance
• Backup for Clearance of Other Branches
• Processing Binders and Endorsements in Accounting system
• Typing certificates and endorsements for direct business accounts
• Assisting Underwriters in Binding accounts
• Setting up Advices and Docusign for UWRs
• Follow ups on Certificates & Binders with Brokers
• Run and analyze catastrophe models and price a significant volume of reinsurance contracts
• Review and interpret reinsurance submissions
• Responsible for quality assurance of data and scrub when necessary
• Interact with underwriters and provide analytical support on contracts
• Work on improving and automating modeling workflow
  
  
  

Qualifications, Education & Experience:

• Bachelor's degree in either business, risk management or related field is preferred
• 0-3 years of experience in Reinsurance industry or Cat modeling preferred
• Recent Graduates are encouraged to apply
• Proficiency in all Microsoft Office applications, especially Excel
• Excellent communication skills and attention to detail
• Strong work ethics
• Problem solving skills and self-motivation
  
  
  

Knowledge, Skills & Competencies:

• Ability to multitask
• Strong Analytical and Problem-solving skills
• Strong collaboration & Teamwork skills
  
  
  

For NJ and IL Only: The base salary range for this position is $50,000 - $72,500 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location.

What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture.

• Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
• Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.
  
  
  

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.

Type:

Regular

Time Type:

Full time

Primary Location:

Warren, NJ

Additional Locations:

Chicago, IL - South Riverside

Everest is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex (including pregnancy), sexual orientation, gender identity or expression, national origin or ancestry, citizenship, genetics, physical or mental disability, age, marital status, civil union status, family or parental status, veteran status, or any other characteristic protected by law. As part of this commitment, Everest will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Everest Benefits at [e-mail].

Everest U.S. Privacy Notice | Everest (everestglobal.com)

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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