Underwriting Analyst

Our client an insurance company is looking for a Senior Associate to join their underwriting operations team.

Key Responsibilities:

1. Underwriting Support:

• Review and monitor submission processing and clearance according to service levels.
• Manage tasks related to the underwriting lifecycle, including analysis, quote preparation, non-renewals, accounting, document issuance, endorsements, and cancellations.
• Handle account documentation and storage, including policies, reports, pricing models, and reinsurance contracts.

2. Data and Document Management:

• Ensure underwriting submissions are stored and indexed within service levels.
• Enter policy data accurately and on time.
• Perform data cleansing and input additional risk information as needed.
• Collaborate with underwriters and brokers to correct premiums efficiently.

3. Compliance and Controls:

• Support the operations team in addressing audit actions and internal controls.
• Monitor and adhere to regulatory compliance and internal policies.

4. Procedures and Training:

• Create, maintain, and review standard operating procedures.
• Oversee training and onboarding for operations and other business functions.
• Promote process standardization and best practices.

5. Stakeholder Engagement and Change Management:

• Represent operations in stakeholder meetings as needed.
• Support the design and implementation of process, systems, data, and regulatory changes.

6. Additional Duties:

• Perform other tasks as assigned.
• Assist with the recruitment process for the operations management team.

What Are We Looking For in the Ideal Candidate?

• Excellent written and verbal communication skills.
• Ability to establish strong working relationships across the organization.
• A customer-first mindset with a focus on continuous improvement and openness to change.
• Ability to thrive in dynamic business environments and adapt to changing business needs.
• Self-driven, capable of working independently, and effective in a team environment.
• Attentive to detail with a high level of accuracy in tasks.
• Proficient in IT, particularly with the Microsoft Office suite.
• Experience in supporting recruitment, selection, onboarding, and staff development.
• Actively engaged in pursuing professional insurance qualifications.

Key Requirements:

• Prior experience with commercial insurance (business-to-business) products and services.
• Proven ability to use data analysis and insights to track operational performance.
• Proven experience in documenting processes, including procedures and process mapping.
• Familiarity with top-tier underwriting and support systems, based on previous experience.