The Underwriting Assistant will assist the Underwriter in daily activities to evaluate accounts and service his/her book of business.
Assist Underwriter with accountabilities , achieving business unit goals and KPI's
Assist assigned Underwriter (UW) with organization of account pipeline and pre-underwrite accounts which includes, but is not limited to, the following:
Account qualification and research
Creation of modeling request files
Prefill of risk assessment report
Draft quotations, binders and endorsements
Assign policy numbers (including data entry)
Review all policy forms and endorsements prior to final issuance to the brokerage team
Keep track of any mistakes so that we can communicate/coach the issuance team as well as refine the process
Send policy correspondence to the Service team and Brokerage team
Establish and manage relationships with assigned brokers and their teams by requesting applicable information to pre-qualify accounts, negotiate terms, and service new and renewal accounts
Review inspections when they come in and send recommendations to the team if needed
Assist with special projects as needed
Bachelor's degree required or equivalent industry experience
Ability to multitask and prioritize
Commercial Insurance knowledge a plus
Excellent verbal and written communication
Maintain highest level of confidentiality
Excellent organizational skills
About Velocity Risk Underwriters
Velocity Risk Underwriters offers residential and commercial property insurance programs in coastal and earthquake areas around the country. Velocity Risk Underwriters focuses on competitive pricing, innovative products, common-sense underwriting philosophy, and fast, fair, professional claims service.
Velocity is in its fourth year of existence and has grown rapidly; moving from a few person startup to a larger organization with over 100 employees in multiple locations. The challenge is to continue to pursue the most efficient platform in matching primary catastrophe risk with risk takers while dealing with the daily challenges of growth.