Underwriting Assistant

3 days ago

Toronto, Canada Hays Full time

Client: Insurance

Role: Underwriting Assistant

Contract: 12 -18 months

Location: Toronto

Working model: Hybrid (2-3 days in office).


Our client leader in insurance sector is looking to onboard Underwriting Assistant on contract basis for 12 months working hybrid in Toronto location.


If interested, please send your updated resume at


Responsibilities:


  • Liaise with Underwriters, Brokers and Reinsurers on behalf of the Underwriting Support Unit as needed to communicate account status and complete or follow up for outstanding subjectivities.
  • Liaise with Underwriters to confirm policy issuance instructions for policies, endorsements, forms, notices, certificates, etc and effectively process coding/issuance.
  • Review and Analyze informational reports to glean anecdotal information as required by Undewriters (e.g., summarize Loss Runs).
  • Respond to internal and external client inquiries in a professional and timely manner.
  • Act as an anchor between shared service centres and onshore Underwriting team to make sure the support to Underwriting is seamless.
  • Rate premium changes for premium bearing change requests.
  • Execute post-bind account management workflow and any handover to Shared Service teams.
  • Quality control document output to ensure accuracy of work and that of shared services.
  • Monitor the maintenance of electronic file for accounts as required.
  • Maintain or exceed the company key performance indicators as required by Operations team.
  • Develop strong working relationships and collaborate with Underwriters, Shared Services, and members of the Underwriting Support Unit.
  • Assist with Account Receivable collections and troubleshoot as required to ensure payment received reconciles with premium bound.
  • Assist with training and knowledge transfer with Shared Services.
  • Potential to participate in projects where the Unit may be requested to provide Subject Matter Experts related to the Underwriting Support Unit.
  • Potential to participate in projects that relate to process improvement, new system implementation or upgrade, and procedure documentation as required by the Underwriting Support Unit.
  • Calculate base rating and apply experience modifications as part of Underwriting package completed by Underwriting Support Unit for Underwriter review – future responsibility.


Requirements:


  • Bachelor’s degree preferred.
  • 2+ years related insurance experience and/or training; or equivalent combination of education and experience, preferable in Professional related products.
  • Advanced Excel.
  • Solid competency in MS Office applications: Word, Outlook, and Excel
  • Competency in Adobe Standard or similar pdf conversion tool.
  • Excellent interpersonal, written and oral communication skills.
  • Strong interpersonal skills in order to work effectively and professionally with diverse groups.
  • Excellent attention to detail.
  • Proven organizational and problem-solving skills.
  • Proven prioritization and time management skills with accurate results.
  • Ability to work independent and a self-starter.

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