Description Overview
As an Underwriting Assistant you will support a team of underwriters and assist them in maintaining efficient underwriting processes and provide excellent customer service to our broker/clients. The objective of this position is to enable underwriters to focus on business production and underwriting quality while assisting in various aspects of the workflow processes. You will also provide support to the compliance team and help ensure that forms, policies, and procedures follow state insurance department guidelines.
Job Responsibilities
- Ensure completeness of all new submissions and reach out to broker to obtain missing information.
- Liaise with underwriters and brokers and as needed to communicate account status and complete outstanding subjectivities.
- Liaise with underwriters to confirm policy issuance instructions for policies, endorsements, forms, notices, certificates, etc. and effectively complete coding/issuance.
- Quality control to ensure accuracy of work (e.g., exposure bases, limits, coverage extensions and/or any modifications).
- Generate broker correspondence in electronic format (e-mail) related to transaction processing and informational follow up requests.
- Process rate premium changes for premium bearing change requests.
- Create and maintain electronic file for accounts.
Job Requirements
- A bachelor’s degree preferred but is not required.
- 1-5 years’ experience working in the Insurance Industry or similar office experience, with a desire to learn and understand our insurance product offerings.
- Basic knowledge and understanding of insurance policy terms and conditions.
- Ability to process information in a timely manner.
- Must have strong planning and organizational skills.
- Must have strong written and verbal communication skills.
- Ability to work independently and in a team environment, act with a sense of urgency and adapt to an ever-changing environment quickly.
- Take ownership and accountability for one’s work product with a solid commitment to quality and customer service.
- Ability to establish priorities, coordinate and monitor personal work plan while maintaining status and oversight of multiple submissions and renewals.
Location
Location: Downtown – Chicago, IL Job Type: Full-time
Remote Work: Hybrid, minimum 3 days in the office
About Old Republic Professional (ORPRO™)
Old Republic Professional (ORPRO™), established in December 1983, is a subsidiary of Old Republic International Corporation (NYSE: ORI), one of the nation’s 50 largest shareholder- owned insurance businesses and a member of the Fortune 500 listing of America’s largest companies. Old Republic Professional has provided Directors and Officers liability insurance and Lawyers Professional liability insurance for more than 35 years and now offers a wide array of management liability and professional liability products across an expanding national footprint in the U.S.
Culture
Work-life balance is highly valued; work culture is collaborative; colleagues are professional, passionate, open-minded, and entrepreneurial. We offer competitive wages, an excellent benefits package, and a friendly, team-oriented environment, and we encourage and reward the professional growth of our employees. Employee benefits include BCBS medical, FSA/HSA accounts, long-term disability, dental, vision, Employee Assistance Program, paid time off (PTO), paid holidays, Paid Leave of Absence Benefits, 401(k) Savings and Profit-Sharing Plan, 529 Education Savings Plan, Gym Network 360 membership savings on fitness, nutrition and wellness programs, pet insurance, monthly commuting reimbursement, and tuition reimbursement for qualified job-related educational expenses.
Equal Employment Opportunity
Old Republic Professional provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
