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To support the underwriting function by inputting information quickly and accurately from a variety of sources including incoming applications into Verus core systems and setting them up in the workflow, providing excellent customer service.
- Accurately key incoming applications into Verus Core systems, review them for completeness, and move them to the workflow.
- Provide timely, courteous and efficient service to all internal and external clients.
- Assistance with various underwriting support functions, including Premium Audit and Inspection Report ordering and scheduling.
- Contribute to innovation and enhancement goals as we seek to learn, grow and succeed.
- Processing of Legal Notices.
- Renewal Setup for all product lines.
- Partner to support our program business.
- Other duties as assigned.
Responsible for performing Underwriting related support duties while gaining valuable real-world experience which can be utilized both personally and professionally. Resume builder and stepping stone to a future career in the Insurance Industry.
- Assist with data entry.
- Assist with projects.
- Assist with project testing.
- Assist with procedure testing.
- Assist with task coordination.
Responsible for performing Underwriting related support duties while gaining valuable real-world experience which can be utilized both personally and professionally. Resume builder and stepping stone to a future career in the Insurance Industry.
- Assist with data entry.
- Assist with projects.
- Assist with project testing.
- Assist with procedure testing.
- Assist with task coordination.
In this role you will manage both litigated and non-litigated claims. This role requires an individual to be accountable for the handling and disposition of claims including investigation, coverage determination, reserving, negotiation and settlement or trial strategies. Significant insurance coverage experience and strong interpersonal skills are essential. This position will require coordinating with and servicing both internal and external business partners. You will represent the company at meetings with management and business partners, as well as at mediations, arbitrations, settlement conferences and trials.
- Analyze first report to determine nature of loss, coverage provided and scope of injury/damage.
- Conduct investigations of all aspects of reported claims including potential fraud. Secure all appropriate supporting documentation and verify same for accuracy, relationship and completeness.
- Apply knowledge of jurisdictional regulations and case law in all territories handled.
- Effectively negotiate liability and damages where appropriate.
- Demonstrated ability to effectively manage and monitor cases to achieve timely development and disposition of inventory.
- Case load includes litigation with first notice lawsuits.
- Case load includes more complex claims.
- Collaborate with department management to deliver presentations and conduct meetings or serve as technical resource.
The Senior Actuarial Analyst may be responsible for completing Rate Reviews and Actuarial Indications, completing regular estimates of adequate loss and expense reserves, participating in company’s planning processes, and providing tools and analysis in support of meeting target profitability and growth goals. These activities are to be completed with more independence, proactively, and demonstrate a working knowledge of the core principles and standard actuarial techniques.
- Analyze both internal and external data to adapt and develop rating methodologies for both existing and new company products.
- Use advanced techniques to incorporate new variables in pursuit of a competitive advantage and improved underwriting results.
- Performs advanced analytics and modeling techniques including but not limited to generalized linear modeling and other forms of multivariate analysis.
- Produce regular monthly reports and/or analyses used to complete the financial close process.
- Represent the needs of the actuarial department on cross functional projects.
- Constantly seek to improve current reporting and actuarial processes.
The Executive Underwriter will maintain contributory responsibility for underwriting, including revenue growth, profitability and competitiveness by directing the activities for an underwriting function or team but overall sole responsibility for an individual book of business. Oversees policy applications, renewals, repricing, restrictions, and cancellations to determine risk acceptability and coverage. Recognized as a technical expert that has both technical and administrative responsibility. May be involved in planning and implementing administrative, technical and operational direction toward achieving defined goals and objectives Focus is maintained on their assigned brokers to foster growth, understanding of our business, marketing of our appetite and initiatives as well as the key point person for resolution of service issues.
Key roles/responsibilities include the ability to:
- Demonstrates broad knowledge of the business, the marketplace and the company’s overall goals, objectives and performance measures through effective deliver of all products and services
- Links product line policies, procedures and practices to the overall company strategy
- Demonstrates a broad overview of the company’s operations
- Identifies and acts on opportunities to share line of business knowledge with customers
- Benchmarks programs and policies against market trends
- Recognizes and advances the development of technological enhancements to meet strategic needs
- Blends outside ideas with internal values when making recommendations
- Networks with peers and outside resources to exchange ideas and information
- Make recommendations in the development and implementation of policies and practices
- Recommends new coverage enhancements to products to fill market gaps needed to create customer value
- Serves line of business/industry committees, featured speaker or panel member on internal and external events
- Integrates coverage, service, and regulatory or emerging hazard issues to exceed the needs of the customer
- Identifies new coverage and product needs in the market
- Interprets and compares global coverages and exposures in multi-jurisdictions
- Coaches and directs others on coverage, service and regulatory or emerging hazard issues
- Acts as a referral source, within assigned authority, on coverage and pricing
- Achieves profitable growth through effective use of underwriting and business skills in assigned territory or product line
- Creates and applies specific line of business strategies across all locations of operations
- Utilizes current data and initiates customized information to interpret pricing and exposure trends in the book
- Develops pricing proposals utilizing advanced techniques
- Understands pricing needs over a large territory or book of business
- Evaluates the impact of risk transfer to recommend appropriate action that enhance long term profitability
- Participates in audits to ensure appropriate actions are taken to ensure profit
- Gathers and analyzes information to determine risk acceptability
- Recognizes and advocates certain expectations to underwriting standards and create viable options
- Assesses rate adequacy relative to exposure
- Integrates internal and external resources
- Assesses and prioritizes underwriting and service needs and the feasibility of their delivery
- Identifies critical exposures, trends and opportunities, and assists with the development of strategies to address them
- Shares specialized knowledge of exposures for industry or market segments
- Persuades customers in a preferred direction
- Demonstrates the ability to influence the decision-maker/buyer
- Builds and leads effective client teams
- Negotiates advanced coverage issues
- Solicits customer feedback and brings resolution to issues
- Products training guidance and acts as a referral source on coverage and pricing
- Demonstrates advanced selling skills
- Coaches and develops staff on client management