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Associate Underwriter in Orange, CA at Tokio Marine HCC

Date Posted: 10/5/2018

Job Snapshot

Job Description

Position Summary: 

Under immediate supervision, understand and draft underwriting recommendations and decisions to protect the financial assets of the company and the carrier. Reviews proposal requests to evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing. Communicate with producers to answer questions, maintain, and develop producer relationships. This position has limited underwriting authority and business development responsibility.    

 

Key Responsibilities:

Relying on instructions and pre-established guidelines, the Associate Underwriter is responsible for accomplishing the following as guided by others. These assignments are routine in nature.

 

  • Develop the skills to be able to evaluate risk acceptability within established guidelines and set appropriate rates and factor levels.
  • Learn department underwriting procedures from underwriting manual.
  • Learn the set-up of renewal files.
  • Develop skills and knowledge to evaluate current or potential medical conditions using available resources.
  • Develop the skills to be able to analyze proposed plan changes to acceptability and cost, including thorough follow-up.
  • Perform initial underwriting analysis and quotes and make recommendations on routine, non-complex RFP’s.
  • Communicate with TPA/Broker’s (within scope of ability) to answer questions, explain decisions, and build and maintain productive relationships. Respond appropriately and in a timely manner to service requests. Refer problems on to appropriate person.
  • Assist department in meeting annual company goals for profitability, renewal retention, revenue growth, and new business production.
  • Work in conjunction with the Marketing department to follow-up on quoted cases.
  • Complete on-going educational classes as required by HCCB. 

Job Requirements

Position Knowledge, Skills, and Requirements:

 

Education

  • Bachelor’s degree in Business Administration or a related field or the equivalent education and/or experience

Experience

  • Up to two years of relevant and progressive professional experience

Other

  • Possess and have ability to apply basic knowledge of principles, practices, and procedures
  • Ability to read and interpret documents such as Plan of benefits, bid specifications, claim reports and procedural manuals
  • Beginning certification study for one of the following professional designations: CEBS, FMLI, or CLU
  • Good written and verbal communication skills with an emphasis on confidentiality, tact, and diplomacy
  • Good organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
  • Knowledgeable of industry changes, legal updates and technical developments related to applicable area of the Company’s business to proactively respond to changing business environment
  • Proficiency and experience using Microsoft Office Package (Excel, Access, PowerPoint, Word)