Binding Authority Underwriting Coordinator

This is a fully remote position, open to applicants in United States.

📋 Description

• Assist the underwriter in the decision-making process by evaluating and analyzing underwriting applications and forms.

• Examine applicant information and assess risk factors.

• Ensure adherence to underwriting guidelines.

• Collaborate with various departments to collect essential information.

• Perform data analysis and contribute to the overall risk assessment process.

• Evaluate the quality, quantity, and profitability of highly complex risks being underwritten.

• Prepare and present reports to management.

• Review submission and account information in conjunction with the underwriter.

• Oversee the quoting, binding, and issuance process.

• Research and apply relevant rates, coverages, and policy forms.

• Issue notices of cancellation, nonrenewal, and reinstatement.

• Build and maintain relationships with underwriters, producers, brokers, and reinsurers.

• Keep accurate file documentation in line with company guidelines.

• Maintain agency and/or broker relations with key producers within the assigned territory.

• Manage special underwriting projects and other assigned responsibilities.

⛳️ Requirements

• Bachelor’s degree required; Business Administration or Risk Management preferred; relevant discipline or equivalent work experience will be considered.

• 1+ years of relevant experience or experience in a comparable role.

• Strong analytical and problem-solving skills.

• Ability to manage and prioritize multiple projects effectively.

• Advanced technical proficiency in underwriting.

• Comprehensive understanding of insurance and underwriting principles, practices, and procedures.

• Basic requirements for state P&C and/or surplus line licenses.

• Associate in Insurance Services (AIS) is preferred.

• Familiarity with insurance regulations, risk assessment, compliance, documentation, policy language, data analysis, and portfolio management.

• Proficient in negotiation, presentation, relationship building, project management, time management, and event marketing skills.

🏝️ Benefits

• Paid time off for company holidays, vacation, sick days, and personal days.

• Paid parental leave.

• Mental health services.

• Bonuses available for full-time positions.

• Comprehensive benefits package that supports physical, financial, and emotional well-being.

• Reasonable accommodations provided for individuals with disabilities.