The Underwriting Operations Specialist participates in underwriting operations support functions in the company's Lender Products Division.
Functions related to this position include premium loading and balancing, premium auditing, new client setup and production of management reports.
Specific responsibilities may include:
Responsible for processing premium batches for all Lender Division Products that are received from our agents and administrators.
Contact and resolve with agents and administrators any data or reconciliation issues with the premium batches.
Conduct in-house audits related to the accuracy of new premium transactions and refund transactions for the Lender Division Products.
Calculate the monthly contingent commissions for the agents and administrators as needed.
Validate the monthly cession statements for our reinsurance portfolio.
Identify and recommend to the Underwriting Operations Manager process or system changes to improve data capture or overall product management related to the various products.
Other duties and/or special projects as assigned.
Knowledge of insurance premium processing and policy management systems/databases is required.
Customer service and negotiating skills are also helpful in dealing with existing clients and prospects.
Analytical and Accounting reconciliation skills preferred.
Three years of prior experience in insurance industry involving insurance/premium accounting and/or insurance underwriting operations.
Experience working with agents/F&I administrators or financial institutions, while not required, is an added benefit.
Arch Capital Group Ltd. is a Bermuda-based company which provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries. Arch offers competitive pay and a comprehensive benefits package. Additionally, Arch is committed to helping its associates create what's next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth. We seek talent that thinks innovatively, values collaboration and will go the extra mile to serve our customers and develop our company.
A subsidiary of Arch Capital Group Ltd., Arch Insurance employs disciplined underwriting and prudent risk selection across all types of business. We have offices in the United States, Canada, Bermuda, UK, and Australia.
Arch Insurance Group is a market-leading specialty insurer providing property, casualty and a wide range of specialty insurance for corporations, professional firms and financial institutions around the globe. From product development to policy servicing to claims payment, we are dedicated to providing our customers with superb coverage and service.
Arch offers competitive pay and a comprehensive benefits package including a student loan assistance program, 401k company match and employee stock purchase plan (ESPP). Additionally, Arch is committed to supporting professional development and a culture that encourages innovation, collaboration and professional growth.
Arch Capital Group Ltd.