Arch

Underwriting Assistant

Entity Arch McNeil
Job Locations US-CO-Denver
Job ID
2019-2281
Business Segment
Insurance
# of Openings
1
Category
Underwriting

The Position

http://www.mcneilandcompany.com/

 

McNeil & Company (“McNeil”), a leader in specialized risk assessment and insurance, announced that it has entered into an agreement under which Arch Capital Group Ltd. (NASDAQ: ACGL)(“Arch”), a leading global insurer, will acquire McNeil & Company

 

McNeil & Co., headquartered in Cortland, New York, will operate as an independent, wholly owned subsidiary of Arch Insurance.

The Company

 

Arch Insurance is a global insurer offering our clients superior coverage and service. We embody the Arch guiding principle of focusing on retaining experienced and talented employees to differentiate us from the rest of the pack. Our group operates from offices in the US, Canada, Bermuda, UK, Australia and South Africa, providing specialty risk solutions to clients worldwide across a wide range of industries. With over ten years of operating history and strong financial ratings, our track record remains solid.

 

Arch Insurance employs a disciplined underwriting approach and prudent risk selection across all types of business. Our mission is to provide our insureds with superb coverage and claims handling through careful and diligent underwriting of risks and business-friendly solutions. Across our global operations, Arch Insurance employees are ready to meet your needs with professionalism and excellence.

 

Job Responsibilities

The Position

Entry of all statistical information for applications, quotes, change requests and renewals after underwriter has approved.  All work processed according to Rater Associate authority level. The primary goal is to produce a quality technical assistance to insured's, agents and coworkers and to meet service standards.

 

Job Responsibilities

  • Entry of statistical information and computing of premiums is required for all lines of business
  • Rate renewal business 60 days prior to expiration date
  • Prepare and rate new submissions as directed by Underwriter
  • Maintain familiarity with state insurance regulations, program underwriting guidelines and filings, and ISO rules for all states within the underwriting territory
  • Maintain open communication and build relationships with Program team
  • Process policy change/endorsement requests within 72 hours of receipt
  • Provide support for other Raters that are out of the office
  • Assist other Raters in making sound rating decisions
  • Prepare new and renewal business for underwriting including, but not limited to, cover sheets, building valuations, and flood zone determinations
  • Complete additional consumer requests such as proposals, certificates, binders, optional quotes, and premium breakdowns
  • Assist the Underwriter in building relationships and keeping open communications within the Underwriting Department, other departments within McNeil and Company, and any external customers
  • Assist the Underwriter in mentoring the Commercial Lines Policy Analyst
  • Process policy cancellations, non renewals and SERP quotes as needed
  • When requested, assist Underwriter in releasing policy quotes, handle overflow of incoming calls and assist when possible
  • Other duties as assigned
 

Desired Skills/Experience

Desired Skills

  • Manage competing priorities and maintain required production levels
  • Organization and decision making skills needed
  • Comply with accepted underwriting practices and underwriting
  • Meet expectations for attendance and punctuality
  • Excellent oral and written communication skills
  • Computer experience in a windows-based environment required
  • Strong analytical/interpersonal skills with attention to detail
  • Ability to work independently and carry out assignments to completion

Required Education/Experience 

  • High School diploma required.  College Education & or General Insurance Classes preferred
  • Three years commercial lines insurance experience preferred

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