Brown & Brown - Boca Raton, FL

posted 4 months ago

Full-time - Entry Level
Boca Raton, FL
Insurance Carriers and Related Activities

About the position

Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers. Our Hull and Company team seeks an Assistant Underwriter to join our team in Boca Raton, FL. As an Assistant Underwriter, you will assist the Underwriter by reviewing insurance applications, inspections, and other pertinent information to evaluate, classify, and rate individuals and groups for insurance. This involves examining documents such as application forms, inspection reports, insurance maps, and medical reports to determine the degree of risk based on factors like the applicant's financial standing, age, occupation, accident experience, and the value and condition of property. You will work closely with the Underwriter to ensure that all required information is obtained, proper applications are completed, quotes and binders are confirmed in writing, and policies are issued promptly and accurately. Additionally, you will be responsible for making sure that state filings (where applicable) are made, and taxes are paid in accordance with appropriate state laws. Your role will also include providing full assistance and support for the sales and production process, securing payments on risks bound or written, and reviewing risks submitted by Producers to rate submissions for premium and terms. In this position, you will become thoroughly familiar with the use of all agency management software systems and suggest labor-saving uses to the Team Leader. You will also be tasked with ordering inspections to the proper branch personnel and carefully reviewing inspections used to obtain underwriting information, quote rates, or ensure adherence to company underwriting guidelines. Issuance and/or re-issuance of Certificates of Insurance will also be part of your responsibilities, along with ensuring that the forms on the policies are the current edition dates used by each Company. You will provide telephone assistance, answering basic questions from Producers and referring more complex inquiries to an Underwriter.

Responsibilities

  • Assist the Underwriter by reviewing insurance applications, inspections, and other pertinent information.
  • Examine documents such as application forms, inspection reports, insurance maps, and medical reports to determine the degree of risk.
  • Work with the Underwriter to ensure all required information is obtained and proper applications are completed.
  • Confirm quotes and binders in writing and ensure policies are issued promptly and accurately.
  • Ensure state filings are made and taxes are paid in accordance with state laws.
  • Provide full assistance and support for the sales and production process.
  • Secure payments on risks bound or written.
  • Review risks submitted by Producers and rate submissions for premium and terms.
  • Issue written binders and review indications, quotes, binders, submissions, and policies for completeness and accuracy.
  • Become familiar with agency management software systems and suggest labor-saving uses.
  • Task the ordering of inspections to the proper branch personnel.
  • Review inspections used to obtain underwriting information and ensure adherence to company guidelines.
  • Issue and/or re-issue Certificates of Insurance and ensure forms on policies are current.
  • Provide telephone assistance to Producers.

Requirements

  • High School Diploma or General Education Degree (GED).
  • 1-2 years related experience in underwriting or insurance.
  • Exceptional telephone demeanor and ability to maintain confidentiality.
  • Experience with policy issuance or excess and surplus lines underwriting agency or company is preferred.
  • FL 2-20 License and CIC designation are a plus.

Nice-to-haves

  • Experience with policy issuance or excess and surplus lines underwriting agency or company is a plus.
  • FL 2-20 License, CIC designation.

Benefits

  • Employee stock purchase plan
  • Health insurance
  • Dental insurance
  • 401(k)
  • Paid time off
  • Vision insurance
  • Opportunities for advancement
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