Underwriting Senior Associate Job Description
Underwriting senior associate
provides high-level customer service to all internal and external clients across all levels and business lines (including Brokerage).
Underwriting Senior Associate Duties & Responsibilities
To write an effective underwriting senior associate job description, begin by listing detailed duties, responsibilities and expectations. We have included underwriting senior associate job description templates that you can modify and use.
Sample responsibilities for this position include:
Administer Network partner policies (assumed reinsurance) as part of Global insurance programs, from setting up a submission to finalizing the policy in the system
Build and maintain the standard operating procedures and guidelines
Review medical reports and consults with the Medical Director and/or supervisor on any questionable or new medical procedures / situations
Pre-signature
The underwriter is responsible for identifying the key risk factors related to a specific transaction, his/her assigned portfolio
Underwrite life and health insurance applications from agents, brokers and bank channels in accordance with our clients' rules and guidelines and make decisions within assigned authority limits
Respond professionally and timely to enquiries from our clients' customers, agents and advisors providing accurate and helpful information
Deliver high quality underwriting output within agreed KPI's and our clients service standards
Develop sound knowledge of our clients products, underwriting rules and processes
Continue development of key technical skills to support medical and financial underwriting assessment
Underwriting Senior Associate Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Underwriting Senior Associate
Typically a job would require a certain level of education.
Employers hiring for the underwriting senior associate job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Finance, Management, Engineering, Financial Services, International Studies, Statistics, Mathematics, Geology, MBA, Accounting
Skills for Underwriting Senior Associate
Desired skills for underwriting senior associate include:
Organization structure
Policies
Procedures
Specific regulations
Both internal and external
Business area processes and successful practices and ability to apply judgment
Cash flows and mortgage interest calculations
Complex single lines and across regions
Encompass contracts and coverage levels
Financial and risk levels
Desired experience for underwriting senior associate includes:
Adhere to compliance rules and requirements, maintaining confidentiality at all times of our clients' business details
Develop and maintain market and industry knowledge
Play an active role in the coaching of more junior colleagues as required
Confidence in your abilities
Fluent in either Cantonese or Mandarin
Workable English with reading and writing skills essential
Underwriting Senior Associate Examples
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Underwriting Senior Associate Job Description
Job Description Example
Our growing company is looking for an underwriting senior associate. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for underwriting senior associate
- Work with sales to improve their knowledge of the technical aspects of the business
- This position is responsible for supporting the underwriting process through a variety of technical tasks involving calculations and preparation of client documents
- The Associate Underwriter will prepare quotation and renewal packages by gathering and verifying premium and claims data, ordering census listings, calculating manual rates, reviewing rate history, large claims information and legal searches
- Review all standard reports for reasonability of information accuracy
- Developes and maintains a thorough understanding of all census loading processes, guidelines, best practices and use of associated software applications
- Approaches daily deliverables with customer centric focus and sense of urgency
- Actively works to build upon knowledge and experience gained on basic processes and apply those concepts to various types of files and levels of complexity
- May need to interact and build relationships, as necessary to aquire or confirm information to ensure case can be properly processed
- Act as Subject Matter Expert for the IT-automation of currently manually entered lines for the internal Risk Transfer Solution
- Help develop our internal systems by participating in the User Acceptance Testings, suggest improvements, participate in roll out of newly created system for International Business and perform manual entries until we reach automation
Qualifications for underwriting senior associate
- Must have advanced Microsoft Excel skills, strong database/reporting skills
- Must have strong knowledge of Underwriting processes and ability to report results for all steps in the process
- Must have strong knowledge of the reporting databases, their primary keys, and the criteria needed to report the correct answers
- Needs strong Showcase, Microsoft Excel and working knowledge of Visio
- Familiarity with SQL and Access is a plus
- Ability to understand, in detail, most of the processes that impact Underwriting results
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Underwriting Senior Associate Job Description
Job Description Example
Our growing company is hiring for an underwriting senior associate. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for underwriting senior associate
- Make recommendations to remediate any issues (such as additional training, revisions to procedures, underwriting rules, system enhancements, etc)
- Make recommendations to remediate any issues (such as additional training, revisions to procedures, underwriting rules, enhancements to NB21, etc)
- Involve in large strategic initiatives and projects
- Prioritize your workload to fulfill the service standards towards our clients and legally binding deadlines
- Keep an overview of the contracts which are due for processing and which will be due in short time, plan the work ahead
- Cross team collaboration with Technical Accounting, Business Services and International Business community
- Regularly interaction with external customers
- Conduct initial deal analysis and prepare applicable account data
- Assess risk by review and analysis of life and health applications, reinstatements, policy changes, interviews and records
- Coordinates underwriting issues with compliance and other departments
Qualifications for underwriting senior associate
- Ability to investigate situations, identify and implement solutions, and communicate an easily understood summary of the situation
- Ability to independently gather end user requirements, formulate solutions, and implement them
- Needs to understand customer needs, and translate them into appropriate, informative reports
- Must have the ability to investigate complex problems and identify solutions
- Must be able to troubleshoot Excel issues (formulas, calculations, look-ups, etc)
- Ability to independently decide on approaches to satisfy end-user requests, typically in the form of reports or analyses
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Underwriting Senior Associate Job Description
Job Description Example
Our company is looking to fill the role of underwriting senior associate. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for underwriting senior associate
- If claim is being declined then candidate will generate a declination letter and close out the claim in the system
- If claim is approved it moves over to processing department
- Candidates must be able to make clear decisions on approving and declining claim
- Installs all new Special Risk Business Travel Accident (BTA) cases
- Corresponds directly with producers on all renewal offers
- Manages a case load and meets required deadlines
- Ability to develop strong working relationships internally and externally
- Determine whether to accept, modify or decline that risk in accordance with departmental and company guidelines and standards
- Maintain and assist in updating materials, manuals, rules and regulations pertaining to life and health products
- Handle daily written and telephonic inquiries from agents and/or applicants regarding difficult or technical situations and complaint issues
Qualifications for underwriting senior associate
- Must be able to clearly communicate both verbally and in writing, ensuring that senior level management can understand, in simple terms, relatively technical issues / systems / processes
- Bachelors Degree and No prior experience required in the Administrative or Customer Service or Data Entry or Financial Services or Risk Management area
- Access skills helpful
- Strong research, analytical, organizational, administrative and communication skills
- ALU/LOMA exams/designations helpful
- Must have strong knowledge of both Traditional and Simplified Underwriting processes, triage and TAAR protocols, medication, fraud vulnerabilities, medical/lifestyle risk factors, tiered offers
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Underwriting Senior Associate Job Description
Job Description Example
Our company is looking for an underwriting senior associate. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for underwriting senior associate
- Provide underwriting support to the Underwriting Analysts / Phone Verification Unit
- Meet production standards as it pertains to the number of daily cases reviewed
- Document reviews and findings in an Excel spreadsheet
- Mentor/coach the team in daily quality reviews and peer review the team's work
- Identify and communicate immediate referrals and spotlight cases
- Assist with the reconciliation process and management meetings to ensure UW and QC are aligned
- Oversee the QC queue volume and case assignments to team
- Assist with special projects and analyses as needed
- Perform real-time quality reviews of underwritten cases
- Document reviews and assessments in a central documentation repository
Qualifications for underwriting senior associate
- Ability to explain processes, especially when there are issues or questions as to the accuracy of data
- App Entry and Case Notes technical workings and exposure helpful
- Must have the ability to report results for all steps in the QC process
- Ability to learn and document processes at in depth level to support implementation of Best Practices
- When problems arise, ability to investigate situation, identify and recommend/implement solutions and training
- Ability to communicate an easily understood summary of situations
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Underwriting Senior Associate Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of underwriting senior associate. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for underwriting senior associate
- Ensure accurate and timely completion of our internal system entries
- Cross team collaboration with Technical Accounting, Business Services and International Business
- Interpret and manipulate non-standard submission data for the risk to be appropriately modeled
- Support underwriting teams with other costing related tasks (such as premium calculation, Natural Catastrophes analysis, preparing data for 4-eye review)
- Pre-underwriting support task - review risk request, risk assessment, preparing costing, underwriting summary forms, prepare quotes, handle endorsements & calculations all General Insurance Business
- Handling of international of international business programs
- Preparation of policy documentation
- Enter and maintain information in systems and tools used to complete associated tasks
- Collaboration with outsourced providers on queries and issues to ensure data quality and accuracy
- Follow established performance standards, metrics and controls applicable to the business unit supported
Qualifications for underwriting senior associate
- Ability to provide suggestions and guidance on how to increase efficiency within Underwriting
- Ability to research solutions for department improvements and strategic initiatives
- Ability to present findings and influential recommendations to all levels of leadership within NYL Direct
- Must have the ability to investigate complex problems, stratify risk, and identify solutions including in situations where evidence may conflict
- Must be able to effectively explain problems to Management and offer cogent, detailed recommendations
- Ability to independently decide on approaches to satisfy Management expectations