Underwriting Assistant

Posted 14 Days Ago
Be an Early Applicant
New York, NY
In-Office
70K-100K Annually
Mid level
Insurance
The Role
The Underwriting Assistant supports the underwriting team with administrative tasks, data input, processing endorsements, and client communication. They ensure accurate management of underwriting files and analyze accounting reports to resolve discrepancies, all while meeting deadlines in a fast-paced environment.
Summary Generated by Built In

About Us

Since 1977 we have delivered first class solutions to insurers worldwide, by combining global reach with local decision making. We have built customer & broker relationships on years of trust, experience and execution. Through our people, our products and our partnerships, we deliver the capacity and expertise necessary to contribute to the sustainable growth of prosperous communities worldwide. To do so, our colleagues work with:

Integrity                      Work honestly, to enhance TransRe’s reputation

Respect                       Value all colleagues. Collaborate actively.

Performance               We reward excellence. Be accountable, manage risk and deliver TransRe’s strengths

Entrepreneurship        Seize opportunities. Innovate for and with customers.

Customer Focus         Anticipate their priorities. Exceed their expectations.

Description

As a member of the Casualty Facultative Underwriting team, the Underwriting Assistant will be provide administrative and underwriting support to the underwriting team. Responsibilities will include, but not be limited to:

  • Inputting all required underwriting submission information accurately and in a timely manner into the system
  • Processing all endorsements and binders, including calculations and keeping the system up to date
  • Processing the counterparty submission forms to reactivate or register new ceding companies or brokers
  • Following up on submission information with clients and brokers
  • Analyzing accounting reports and communicating with our accounting department in case of any premium discrepancies
  • Following up with external clients about missing information or outstanding premiums due
  • Management of underwriting information and other systems (e.g. TIRS, GRM, shared folders, DMS, excel, word)
  • Maintaining overall underwriting files to assure most up to date accuracy

Requirements

  • 3+ years of experience as a Technical Assistant or Administrator
  • Experience in the insurance and/or reinsurance industry preferred
  • Understanding of placement slips/policies, and insurance/reinsurance terms preferred
  • Attention to detail and ability to review and manipulate data accurately
  • Ability to complete tasks and assignments in a high volume work environment on a daily basis in a timely fashion
  • Time management skills
  • Knowledge of Excel, Word, PowerPoint, Outlook and other MS applications

Work Schedule

TransRe is supportive of an agile work schedule, which may differ based on individual roles, your local office’s practices and preferences marketplace trends, and TransRe’s business objectives. This position is located in our New York City office and is eligible for a hybrid work schedule with 3 days in the office per week, and 2 days remote.

Compensation

In addition to base salary, for this position, TransRe offers a comprehensive benefits package, paid time off, and incentive pay opportunity. The anticipated annual base salary range in New York for this position, exclusive of benefits, paid time off, and incentive pay opportunity is $70,000 – 100,000. This range is an estimate and the actual base salary offered for this position will be determined based on certain factors, including the applicant’s specific skill set and level of experience.

This role is classified as salaried non-exempt under the Fair Labor Standard Act (FLSA). The incumbent will be paid for hours worked and will also be eligible to receive overtime pay.

We are an Equal Opportunity Employer (EOE) and we support diversity in the workforce.

Top Skills

Dms
Excel
Grm
Outlook
PowerPoint
Tirs
Word
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The Company
HQ: New York, New York
642 Employees
Year Founded: 1977

What We Do

We are a leading international reinsurance organization headquartered in New York with operations worldwide.

We offer reinsurance capacity on both a treaty and facultative basis.

We built our business on the principles of capacity, reliability, expertise and creativity to deliver the risk transfer solutions you need to support your business.

We work closely with you, listening and asking to understand your strategic objectives, and offering you the full spectrum of property and casualty products, services and support to help you grow and succeed.

We have dedicated teams of local professionals near you and we build relationships based on the fundamental promise that we will be here when you need us.

We have the ability and willingness to pay your claims.

We are members of the Berkshire Hathaway group of companies.

We value risk.


Our Core Values are woven into our key employment policies and procedures:

Integrity - Work honestly. Enhance our reputation.
People - Develop diverse talent. Reward excellence.
Customer Focus - Anticipate their priorities. Exceed their expectations.
Respect - Value all colleagues. Collaborate with one another.
Entrepreneurship - Seize opportunities. Innovate for and with customers.
Performance - Be accountable. Manage risks. Deliver our strength.

For immediate and confidential consideration, please email your resume to [email protected].

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