Employment
LAMMICO Featured Career
Assistant Underwriter
Underwriting Department
Posted: January 19, 2023
Position Summary:
Assesses risk and processes requests within defined authority limits. Maintains, issues and quotes new and renewal policies and tail coverages; central contact responsible for handling phone inquiries from policyholders; responsible for providing backup for system and application processes and maintenance. Works closely with Marketing, Claim, Finance and Risk Management departments to resolve policyholder issues.
Reporting Relationship:
Reports directly to the Insurance Operations Support Assistant Manager with oversite from the Insurance Operations Support Manager and technical direction from the Director of Underwriting
Essential Functions/Responsibilities:
- Works in a cooperative manner with management, coworkers, customers, and vendors; seeks to support LAMMICO’s mission and vision in daily operations
- Meets assigned target dates and objectives; helps ensure that department quality, service and productivity standards are met
- Answers phone inquiries and screens calls for referral to the Underwriters, Marketing, Agency and Risk Management; includes handling routine requests for service, coverage and non-coverage questions and billing questions
- Rates professional and general liability insurance coverage including estimated quotes for changes or new business
- Responsible for evaluation and underwriting of new and renewal individual Miscellaneous Healthcare Providers medical professional liability insurance coverages; issues new business policies; performs quality review; services book of business
- Evaluates risk and processes premium and non-premium bearing endorsements (examples include but are not limited to part-time coverage, locum tenens, corporate entity coverage, extended reporting endorsements and address change endorsements)
- Resolves discrepancies on renewal policies
- Upon instructions from underwriter, produces mid-term endorsements and invoices; performs quality review and issues new business policies
- Performs initial review and follow-up on Renewal Applications and generates requests for additional information as needed
- Generates formal tail quote letters to policyholders
- Process refunds and handle void check process
- Provides assistance to Business Analyst for data reporting requirements, data integrity processing system/ application processing and maintenance needs
- Responsible for invoice quality assurance; create manual invoices as needed; conducts open Accounts Receivable research and management including follow-up on Overdue Process
- Handles correspondence to and from policyholders; responds to phone inquiries; provides consultation and advice to insureds
- Respond to PCF inquiries for discrepancies and requested documentation
- Responsible for contacting Marketing when physician cancels or moves their coverage to other policies
- Set up CIS records for corporations or as needed for other risk types
- Researches past due accounts receivable items and reconciles accounting issues, including premium finance issues
- Responsible for contacting premium finance company regarding PFAs, any discrepancies and following up on notices of cancellation for payment; issue policy cancellations and set up refunds accordingly
- Complete all CE requirements for maintenance of P&C
- Attend quarterly JRA committee meetings for professional development
Secondary Functions/Responsibilities:
- Other responsibilities and special projects as assigned
- Provides intra- and inter-departmental training assistance and training on the Underwriting module of the core operating system as well as the CIS record module
- Acts as backup to Policyholder Support Reps on individual policy review procedure as needed
Education, Experience and Skills Required:
- College degree or equivalent work experience
- Active P&C license, or in the process of obtaining; license must be obtained within 60 days from date of hire
- Ability to provide service and deal with demanding customers in a fast-paced environment
- Ability to adapt and learn new procedures
- Ability to handle multiple tasks in an orderly and timely fashion
- Ability to access the data warehouse to extract reports and required information
- Data processing knowledge and experience, including Microsoft Word and Excel
- Experience with policy quoting, rating and issuance systems, (consideration will be given to existing LAMMICO employees who have demonstrated the ability to perform the role)
- Strong customer focus and team orientation
- Ability to appropriately handle confidential or sensitive company information
- Excellent communication skills with the ability to interact and work effectively with employees at all levels within the organization
- Ability to manage time, set priorities and work independently
- Proficiency in the use of Microsoft Office Programs
Education, Experience and Skills Desired:
- Insurance industry experience
- Experience with medical malpractice rating and issuance systems
Interested candidates should apply below.
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