Underwriting Clerk

Maritime Financial Group; San Juan (PR); On-site; USD 30,000 - 50,000; Full time

Job summary

Maritime Financial Group in San Juan, Puerto Rico is seeking candidates for an insurance role that involves ensuring compliance with underwriting guidelines and handling various administrative tasks. Responsibilities include processing quotations, managing document preparation, and responding to queries from clients. Candidates should have at least 5 CSEC passes including Mathematics and English, and one year of experience in general insurance. This role offers comprehensive exposure to the insurance field and valuable skills development.

Qualifications

• Education: Minimum 5 CSEC passes inclusive of Grade 1 or 2 in Mathematics and English A.
• Experience: One (1) year experience in general insurance.

Responsibilities

• Ensure that the risks accepted fall within the Company’s specified guidelines.
• Processing of Quotations, Preparation of Documents & Data Entry.
• Respond accurately and in a timely manner to Clients Queries.

Education

5 CSEC passes including Grade 1 or 2 in Mathematics and English A and 8 CAPE passes

Job description

Job Summary

Ensure that the risks accepted fall within the Company’s specified guidelines, as per the Underwriting Guides – referring all exceptions to the Underwriters.

Processing of Quotations, Preparation of Documents & Data Entry.

Primary Responsibilities

1. Bordereaux Submissions
   • Ensure that the risks accepted fall within the Company’s specified guidelines, as per the Underwriting Guides – referring all exceptions to the Underwriters
   • Review all documents submitted ensuring that Proposal Forms are fully completed and supporting documents are in line with Sum Insured, Rate and Discounts
   • Completing Data entry and updating Client Information on the System
   • Memo/email for outstanding documents
2. Billings & Preparation of Documents
   • Accurately process the billings for Motor and Non-Motor Policies
   • Assist with Online Renewals
   • Prepare Policy Contracts & Endorsements
   • Prepare letters and other documents as required
3. Provisional/Renewals
   • Motor Policies
   • Review policies for changes and claims before setting Renewal Premiums for standard cases and referrals to the Underwriter for guidance on non-standard cases
   • Data entry for Non-Motor Policies (submitted by the Underwriter / Underwriting Assistant)
4. Clients Queries: Telephone/Email
   • Respond accurately and in a timely manner (analyze, refer and reply)
5. Correspondence & completion of Forms
   • Correspondence: Check for completion & accuracy. (Includes Bank Letters, Premium Financing Forms & Mortgagee Spreadsheets)
   • Refunds: Check validity and calculations; process invoice & request cheque from Financial Management after verifying the premium was paid
6. Approval & signing of documents
   • Valuation Vouchers
   • NCD Letters
   • Premium Fin. Forms
   • Bank Letters
   • Reinstatement Letters
   • Cancellations Letters
   • Licensing Letters
   • Provisional Renewal Letters
   • Certificates
   • Refund Requests
   • Policy Contracts
   • Endorsements
   • Miscellaneous letters
7. Pending Invoices
   • Check daily Pending Lists for Invoices to be processed & issued
   • Follow-up on all outstanding documentation by e-mail to the relevant Team Member & Unit

Secondary Responsibilities

Assist with Reports and any other assigned Tasks.

Qualifications

Education: Minimum 5 CSEC passes inclusive of Grade 1 or 2 in Mathematics and English A and 8 CAPE passes (full certificate) or an equivalent diploma or professional certificate.

Experience: One (1) year experience in general insurance.

Please note that our recruitment and selection policy requires you to present a police certificate of character no older than 6 months from the date of stamp.