FAQs
What is the primary responsibility of the Underwriting Associate - Middle Market?
The primary responsibility of the Underwriting Associate is to underwrite risk throughout the underwriting lifecycle, from submission through policy issuance, for both renewal and new business, while working within limited authority and partnering with Underwriters to facilitate prudent underwriting decisions.
What types of tasks will the Underwriting Associate perform?
The Underwriting Associate will perform underwriting analysis and documentation, handle endorsement requests, manage an assigned renewal book, resolve issues as a liaison, document files for completeness and compliance, execute pricing strategies, complete quote proposals, serve as a point of contact for producers/customers, assist in marketing products, and provide expertise on systems and workflows.
What skills are necessary for this position?
Necessary skills for this position include knowledge of Property and Casualty underwriting, strong time management and analytical skills, excellent interpersonal and communication skills, the ability to work independently on multiple tasks, customer service experience, proficiency in Microsoft Office Suite, and the capability to advise and coach others.
What educational background is required for the Underwriting Associate position?
A Bachelor’s degree or equivalent experience is required for the Underwriting Associate position.
How many years of related work experience are typically required for this role?
Typically, a minimum of three years of related work experience is required for the Underwriting Associate position.
What types of interactions will the Underwriting Associate have in their role?
The Underwriting Associate will interact with a wide variety of internal and external business partners, including producers and customers, through in-person meetings, telephone calls, and email communications.
Is the Underwriting Associate expected to keep up with industry trends?
Yes, the Underwriting Associate is expected to stay current on line of business strategy, state/territory issues, regulations, and trends related to the underwriting field.
What is the role of the Underwriting Associate in terms of endorsements?
The Underwriting Associate handles endorsement requests within their delegated authority and refers endorsements outside of their authority to an underwriter with recommended actions while engaging with agencies to clarify intent or gather missing information.
Will the Underwriting Associate participate in marketing activities?
Yes, the Underwriting Associate will assist in marketing products and services through external partners and may conduct field visits as part of this effort.
What kind of decision-making authority does the Underwriting Associate have?
The Underwriting Associate operates within a limited authority to make decisions regarding risk acceptability, endorsement requests, and renewal applications, while referring more complex matters to underwriters.