Underwriter Assistant - Remote Position
Oculus, a division of K2 insurance, is a managing general agency (MGA). We are a team of Underwriters who provide primary property insurance and coverage options for property risks. Oculus underwrites risks to ensure appetite, proper risk selection, selects pricing and binds business for various insurance carriers. The unit handles all aspects of the business handling from submission intake, endorsement processing, quote and binder issuance.
At Oculus, we are seeking to build a team of collaborative, high energy individuals who enjoy learning and having a direct impact on our business.
Position Description:
An Underwriting Assistant works as a member of the Underwriting support team by providing customer service to customers and support Underwriters with efficient handling of business processes. The individual will assist in the handling of all underwriting tasks from submissions to binder issuance. The Underwriting Assistant will authority to manage their daily activities and be empowered to learn the business and seek opportunities to develop.
Essential Duties/Functions:
- Under the direction of an Underwriter or Senior Underwriting Assistant
- Work to support the Underwriting workflow in the day-to-day servicing and processing of new business and renewal accounts.
- Daily communication with Underwriters and/or Senior Underwriters to ensure that tasks are being completed.
- Assist in audit preparation.
- Responsible for ensuring quality processing throughout the life cycle of a policy while building working relationships with internal and external teams.
- Maintains underwriting files by ensuring all relevant documents are included and appropriately filed/documented within System.
- Develop and maintain a strong working knowledge of underwriting guidelines, coverage forms, enhancements, rating plans and workflow.
- Follows up with Brokers and appropriate departments for outstanding subjectivities, loss run requests, inspections and other documentation as needed.
- Assist in the review of new and renewal submissions to determine if they meet underwriting criteria, and for completeness of documentation.
- Request and review incoming Broker of Record letters, as appropriate.
- Process non-renewals and cancellation letters and endorsements.
- Review, finalize and issue policies.
- Underwrite risks and assist the Underwriting team in accordance with the business plan and within delegated underwriting authority.
Required Qualifications:
- 2+ years of experience in commercial property insurance on the wholesaler, MGU, or carrier side.
- Ability to Multitask and prioritize work.
- Strong attention to detail and understand the importance of business needs.
- Strong organization and time management skills.
Pay range: $22-$25 USD/per hour
We are an Equal Opportunity Employer. We do not discriminate on the basis of age, ancestry, color, gender, gender expression, gender identity, genetic information, marital status, national origin or citizenship (including language use restrictions), denial of family and medical care leave, disability (mental and physical) , including HIV and AIDS, medical condition (including cancer and genetic characteristics), race, religious creed (including religious dress and grooming practices), sex (including pregnancy, child birth, breastfeeding, and medical conditions related to pregnancy, child birth or breastfeeding), sexual orientation, military or veteran status, or other status protected by laws or regulations in the locations where we operate. We do not tolerate discrimination or harassment based on any of these characteristics.
