Underwriting Assistant I

Title:

Underwriting Assistant I

Company:

Everest Insurance Company

Job Category:

Underwriting

Job Description:

It’s an exciting time for Everest Re Group, Ltd. (“Everest”)! As we continue on our journey, we see significant opportunity ahead of us to expand our reach, build diversity, and enhance our capabilities in critical markets.

Everest is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in the Europe, Bermuda, Canada, Singapore, US, and other territories. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. But the most critical asset in this organization is our people.

Everest is a growth company offering Property, Casualty, and specialty products among others, through its various operating subsidiaries located in key markets around the world. Everest has been a global leader in reinsurance with a broad footprint, deep client relationships, underwriting excellence, responsive service, and customized solutions. Our insurance arm draws upon impressive global resources and financial strength to tailor each policy to meet the individual needs of our customers.

At Everest, we are committed to the development of our people. We offer dynamic training & professional development to our employees. You will benefit from career development and learning opportunities that will let you set career goals and fulfill them, including:

•  Generous tuition/continuing education reimbursement

•  Mentoring opportunities

•  Flexible work arrangements

•  Talent development initiatives

•  Networking groups

Job Summary:

This role is within Everest’s Operations Department and could provide underwriting support across various insurance products including property, casualty, or specialty lines of business. 

Responsibilities include but not limited to:

• Review and analyze incoming transactions and related information for completeness accuracy and quality. 
• Familiar with multi-line new business submissions, renewal submissions and endorsements processing including rating, policy construction and assembly in a timely and accurate manner.
• Regularly reviews and adheres to department processing guidelines and procedures to ensure accuracy including recommended changes/enhancements. 
• Manage underwriting relationships with timely responses relative to service inquiries. 
• Maintain all correspondence activity with internal and external customers including daily diaries on pending transactions.
• Compliance with ODEN state rules and regulations relative to cancellations and reinstatements. 
• Gathering and analyze underwriting information including experience reports, final audits, loss control reports, financial reports, loss runs, and FEINs.
• Ability to manage internal report updates based on manager discretion. 
• Participates in peer review and quality control for team(s) as needed. 
• Participate in projects across the Dept or Organization as needed.

Knowledge, Skills & Competencies: 

• Strong desk management, written and verbal communication skills. 
• Strong comfort level with developing rapport with business partners, underwriters, agents and co-workers by phone, email or in person. 
• Ability to prioritize competing demands and requests to complete work within required time constraints with a high volume of work. 
• Communicate with brokers to request and follow up on required documentation in support of policy construction.
• Prepare, coordinate, and lead weekly synchronization meetings with Underwriters to prioritize work and resolve challenges when servicing policies.
• Ability to communicate and coordinate work with Business Process Outsourcing partners to perform underwriting support activities.
• Conduct quality review and provide feedback to Business Process Outsourcing partners.
• Demonstrate strong analytical skills and mathematical aptitude. 
• Proficient knowledge of underwriting principles, product specific coverage, policy forms, pricing tools, regulatory compliance, and i