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Multi-state commercial insurance carrier is seeking an Underwriting Assistant for the Passenger Transportation Division based in their Long Beach, NY location.
Key Accountabilities/Deliverables:
Provide Support to Underwriters in determining acceptability, quality and profitability of new and existing business based upon company underwriting guidelines and objectives.
Prepare various underwriting exhibits necessary for underwriter/management review
Assist developing insurance proposals, approve endorsements, process binds, cancellations, non-renewals and obtain required underwriting approvals where needed.
Develop account summaries by analyzing and aggregating loss runs, MVR’s and external websites such as FMSCA as well as any other pertinent information
Develop appropriate rate sheets (in our rating system), as needed/directed by the Underwriter.
Prepare and complete pre-policy documentation for policy issuance including: signed applications, State UM/PIP Selection forms based upon various state requirements along with binder subjectivities to ensure completeness of the file.
Review policies and documents for accuracy
Perform related duties as required or as requested to include: report preparation, presentations, and special projects
Effectively communicate and collaborate with other members of the team to broaden knowledge of the product line and/or technical knowledge of pricing.
Technical Knowledge and Understanding:
Proficiency in Microsoft Office including Word, Excel, Outlook
Experience:
Bachelor's degree from a four-year college or university or 2+ years of related transportation underwriting experience and/or training preferred. Will consider equivalent combination of education and experience.
Demonstrate excellent communication, marketing skills and superior customer service
Detail oriented with the ability to work in a team environment and be flexible as respects daily changing needs and job duties
3+ years’ experience in Auto Liability insurance.
Strong written and verbal communication skills are essential.
Strong math skills
Good computer skills
Good organization and effective time management
Detail oriented, organized, and able to handle multiple projects and tasks in a rapidly changing environment.
The expected pay range for the role is $59,000 - $61,000. The specific offer will depend on an applicant’s skills and experiences. The disclosed pay range estimate may also be adjusted for the applicable geographic differential for the location in which the position is filled.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa for this position.
#LI-Hybrid
#LI-Onsite
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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
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What We Do
Core Specialty, through its subsidiary insurers, offers a diversified range of property, casualty, and marine insurance products for small to mid-sized businesses.
We have the capital to take on risk, the underwriting talent in place, decisive leadership team, infrastructure, and a proven track record of making things happen – fast!
When you’re ready to solve your toughest insurance needs, we’re ready to get it done for you.
We free customers up to focus on their business by taking the load of complicated specialty insurance off their hands.
We break down the walls of bureaucracy to provide optimal underwriting solutions for brokers.
We’re ready, equipped, and motivated to get the job done, efficiently and professionally, by empowering experts with what they need to move quickly on behalf of customers and their brokers.
Our specialty focus is the essential part of our identity.
It is at our core
