Underwriting Specialist I

Aon Corporation Fort Washington , PA 19034

Posted 2 weeks ago

Your impact as an Underwriting Specialist I

Job Description

Duties and Responsibilities:

  • Focused on retention of smaller (< $1 mil), less complex accounts working within a defined underwriting box - high policy count volume (some new business)
  • handle kick-outs from our automated new business and renewal underwriting processes
  • achieve policy and premium retention goals
  • timely and accurate review of applications and related documents including contracts, historical information, source systems, reference material, claims history as well as gather all data necessary to assess risk against established underwriting guidelines and make sound decisions in determining coverage offerings and premium rating
  • accountable for accurate data entry and account/case documentation on the system and image documents as well as clear communications with the customer, broker, sales and service areas
  • responsible for maintaining strong working knowledge of capabilities, products, necessary resources, strategic direction, new initiatives, competitors, marketing materials and available technology
  • accountable for producing expected underwriting results (premium rate/loss ratios) for carrier and aon affinity
  • participates in carrier audits as well as internal quality audits
  • leads and/or participates in long or short term projects as required.
  • understand and fully explain rate development, pricing components and application of underwriting procedures and guidelines while not losing sight of financial objectives
  • ability to explain policy provisions and procedures to customers, brokers and sales verbally and in writing
  • for risks or concerns outside of assigned underwriting authority, update the system and prepare necessary documentation for internal or carrier referrals and make appropriate recommendations
  • participate on calls with sales, brokers and/or customers in a professional manner
  • identify and act upon cross-selling and upgrade opportunities with sales, brokers or the customer
  • track and submit daily, weekly, monthly productivity results and time according to aon and department tools and policies
  • -collaborate with sales and brokers to understand and address unique circumstances and needs (timing, coverage, pricing) for specific applicants or customers
  • -build relationships with brokers leading to growth in business they place with us
  • -adhere to underwriting guidelines, compliance and regulatory rules, aon and department policies and procedures
  • -learn multiple products to support revenue growth and cross-sell initiatives
  • meet/exceed established servcie levels (sl) goals and deliver superior customer service

special skills:

  • proven ability to facilitate and negotiate using tact and diplomacy. negotiation skills with carriers for best rates and coverage terms
  • recognizes opportunities for process improvements and recommends changes and possibly implements
  • proven ability to anticipate customer needs
  • ability to develop strong relationships with sales/broker networks, carrier partners, customers and internal teams
  • demonstrated understanding of the underwriting process
  • self-motivated, organized and detail oriented with ability to multi-task and prioritize work to meet goals
  • above average problem solving, analytical and written/verbal communication skills
  • experience with ms office products with particularly strong skills in excel
  • sound judgment and decision making and explains verbally and/or in writing reasoning for decisions

minimum required experience:

  • p & c license is required within 6 months of hire
  • 1 or more years as an insurance underwriter
  • carrier and/or agency experience helpful, but not required

minimum education:

  • college degree or equivalent work experience

we offer you

a competitive total rewards package, continuing education & training, and tremendous potential with a growing worldwide organization.

our colleague experience:

from helping clients gain access to capital after natural disasters, to creating access to health care and retirement for millions, aon colleagues empower results for our clients, communities, and each other every day. they make a difference, work with the best, own their potential, and value one another. this is the aon colleague experience, defining what it means to work at aon and realizing our vision of empowering human and economic possibility. to learn more visit aon colleague experience.

about aon:

aon plc (nyse:aon) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

by applying for a position with aon, you understand that, should you be made an offer, it will be contingent on your undergoing and successfully completing a background check consistent with aon's employment policies. background checks may include some or all of the following based on the nature of the position: ssn/sin validation, education verification, employment verification, and criminal check, search against global sanctions and government watch lists, fingerprint verification, credit check, and/or drug test. you will be notified during the hiring process which checks are required by the position.

aon provides equal employment opportunities (eeo) to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, or domestic partner status. aon is committed to a diverse workforce and is an affirmative action employer.

disclaimer:

nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

ind-us

2485965 $1="" mil),="" less="" complex="" accounts="" working="" within="" a="" defined="" underwriting="" box="" -="" high="" policy="" count="" volume="" (some="" new="" business)="" *="" handle="" kick-outs="" from="" our="" automated="" new="" business="" and="" renewal="" underwriting="" processes="" *="" achieve="" policy="" and="" premium="" retention="" goals="" *="" timely="" and="" accurate="" review="" of="" applications="" and="" related="" documents="" including="" contracts,="" historical="" information,="" source="" systems,="" reference="" material,="" claims="" history="" as="" well="" as="" gather="" all="" data="" necessary="" to="" assess="" risk="" against="" established="" underwriting="" guidelines="" and="" make="" sound="" decisions="" in="" determining="" coverage="" offerings="" and="" premium="" rating="" *="" accountable="" for="" accurate="" data="" entry="" and="" account/case="" documentation="" on="" the="" system="" and="" image="" documents="" as="" well="" as="" clear="" communications="" with="" the="" customer,="" broker,="" sales="" and="" service="" areas="" *="" responsible="" for="" maintaining="" strong="" working="" knowledge="" of="" capabilities,="" products,="" necessary="" resources,="" strategic="" direction,="" new="" initiatives,="" competitors,="" marketing="" materials="" and="" available="" technology="" *="" accountable="" for="" producing="" expected="" underwriting="" results="" (premium="" rate/loss="" ratios)="" for="" carrier="" and="" aon="" affinity="" *="" participates="" in="" carrier="" audits="" as="" well="" as="" internal="" quality="" audits="" *="" leads="" and/or="" participates="" in="" long="" or="" short="" term="" projects="" as="" required.="" *="" understand="" and="" fully="" explain="" rate="" development,="" pricing="" components="" and="" application="" of="" underwriting="" procedures="" and="" guidelines="" while="" not="" losing="" sight="" of="" financial="" objectives="" *="" ability="" to="" explain="" policy="" provisions="" and="" procedures="" to="" customers,="" brokers="" and="" sales="" verbally="" and="" in="" writing="" *="" for="" risks="" or="" concerns="" outside="" of="" assigned="" underwriting="" authority,="" update="" the="" system="" and="" prepare="" necessary="" documentation="" for="" internal="" or="" carrier="" referrals="" and="" make="" appropriate="" recommendations="" *="" participate="" on="" calls="" with="" sales,="" brokers="" and/or="" customers="" in="" a="" professional="" manner="" *="" identify="" and="" act="" upon="" cross-selling="" and="" upgrade="" opportunities="" with="" sales,="" brokers="" or="" the="" customer="" *="" track="" and="" submit="" daily,="" weekly,="" monthly="" productivity="" results="" and="" time="" according="" to="" aon="" and="" department="" tools="" and="" policies="" *="" -collaborate="" with="" sales="" and="" brokers="" to="" understand="" and="" address="" unique="" circumstances="" and="" needs="" (timing,="" coverage,="" pricing)="" for="" specific="" applicants="" or="" customers="" *="" -build="" relationships="" with="" brokers="" leading="" to="" growth="" in="" business="" they="" place="" with="" us="" *="" -adhere="" to="" underwriting="" guidelines,="" compliance="" and="" regulatory="" rules,="" aon="" and="" department="" policies="" and="" procedures="" *="" -learn="" multiple="" products="" to="" support="" revenue="" growth="" and="" cross-sell="" initiatives="" *="" meet/exceed="" established="" servcie="" levels="" (sl)="" goals="" and="" deliver="" superior="" customer="" service="" special="" skills:="" *="" proven="" ability="" to="" facilitate="" and="" negotiate="" using="" tact="" and="" diplomacy.="" negotiation="" skills="" with="" carriers="" for="" best="" rates="" and="" coverage="" terms="" *="" recognizes="" opportunities="" for="" process="" improvements="" and="" recommends="" changes="" and="" possibly="" implements="" *="" proven="" ability="" to="" anticipate="" customer="" needs="" *="" ability="" to="" develop="" strong="" relationships="" with="" sales/broker="" networks,="" carrier="" partners,="" customers="" and="" internal="" teams="" *="" demonstrated="" understanding="" of="" the="" underwriting="" process="" *="" self-motivated,="" organized="" and="" detail="" oriented="" with="" ability="" to="" multi-task="" and="" prioritize="" work="" to="" meet="" goals="" *="" above="" average="" problem="" solving,="" analytical="" and="" written/verbal="" communication="" skills="" *="" experience="" with="" ms="" office="" products="" with="" particularly="" strong="" skills="" in="" excel="" *="" sound="" judgment="" and="" decision="" making="" and="" explains="" verbally="" and/or="" in="" writing="" reasoning="" for="" decisions="" minimum="" required="" experience:="" *="" p="" &="" c="" license="" is="" required="" within="" 6="" months="" of="" hire="" *="" 1="" or="" more="" years="" as="" an="" insurance="" underwriter="" *="" carrier="" and/or="" agency="" experience="" helpful,="" but="" not="" required="" minimum="" education:="" *="" college="" degree="" or="" equivalent="" work="" experience="" we="" offer="" you="" a="" competitive="" total="" rewards="" package,="" continuing="" education="" &="" training,="" and="" tremendous="" potential="" with="" a="" growing="" worldwide="" organization.="" our="" colleague="" experience:="" from="" helping="" clients="" gain="" access="" to="" capital="" after="" natural="" disasters,="" to="" creating="" access="" to="" health="" care="" and="" retirement="" for="" millions,="" aon="" colleagues="" empower="" results="" for="" our="" clients,="" communities,="" and="" each="" other="" every="" day.="" they="" make="" a="" difference,="" work="" with="" the="" best,="" own="" their="" potential,="" and="" value="" one="" another.="" this="" is="" the="" aon="" colleague="" experience,="" defining="" what="" it="" means="" to="" work="" at="" aon="" and="" realizing="" our="" vision="" of="" empowering="" human="" and="" economic="" possibility.="" to="" learn="" more="" visit="" aon="" colleague="" experience.="" about="" aon:="" aon="" plc="" (nyse:aon)="" is="" a="" leading="" global="" professional="" services="" firm="" providing="" a="" broad="" range="" of="" risk,="" retirement="" and="" health="" solutions.="" our="" 50,000="" colleagues="" in="" 120="" countries="" empower="" results="" for="" clients="" by="" using="" proprietary="" data="" and="" analytics="" to="" deliver="" insights="" that="" reduce="" volatility="" and="" improve="" performance.="" by="" applying="" for="" a="" position="" with="" aon,="" you="" understand="" that,="" should="" you="" be="" made="" an="" offer,="" it="" will="" be="" contingent="" on="" your="" undergoing="" and="" successfully="" completing="" a="" background="" check="" consistent="" with="" aon's="" employment="" policies.="" background="" checks="" may="" include="" some="" or="" all="" of="" the="" following="" based="" on="" the="" nature="" of="" the="" position:="" ssn/sin="" validation,="" education="" verification,="" employment="" verification,="" and="" criminal="" check,="" search="" against="" global="" sanctions="" and="" government="" watch="" lists,="" fingerprint="" verification,="" credit="" check,="" and/or="" drug="" test.="" you="" will="" be="" notified="" during="" the="" hiring="" process="" which="" checks="" are="" required="" by="" the="" position.="" aon="" provides="" equal="" employment="" opportunities="" (eeo)="" to="" all="" employees="" and="" applicants="" for="" employment="" without="" regard="" to="" race,="" color,="" religion,="" creed,="" sex,="" sexual="" orientation,="" gender="" identity,="" national="" origin,="" age,="" disability,="" veteran,="" marital,="" or="" domestic="" partner="" status.="" aon="" is="" committed="" to="" a="" diverse="" workforce="" and="" is="" an="" affirmative="" action="" employer.="" disclaimer:="" nothing="" in="" this="" job="" description="" restricts="" management's="" right="" to="" assign="" or="" reassign="" duties="" and="" responsibilities="" to="" this="" job="" at="" any="" time.="" ind-us="">

  • handle kick-outs from our automated new business and renewal underwriting processes
  • achieve policy and premium retention goals
  • timely and accurate review of applications and related documents including contracts, historical information, source systems, reference material, claims history as well as gather all data necessary to assess risk against established underwriting guidelines and make sound decisions in determining coverage offerings and premium rating
  • accountable for accurate data entry and account/case documentation on the system and image documents as well as clear communications with the customer, broker, sales and service areas
  • responsible for maintaining strong working knowledge of capabilities, products, necessary resources, strategic direction, new initiatives, competitors, marketing materials and available technology
  • accountable for producing expected underwriting results (premium rate/loss ratios) for carrier and aon affinity
  • participates in carrier audits as well as internal quality audits
  • leads and/or participates in long or short term projects as required.
  • understand and fully explain rate development, pricing components and application of underwriting procedures and guidelines while not losing sight of financial objectives
  • ability to explain policy provisions and procedures to customers, brokers and sales verbally and in writing
  • for risks or concerns outside of assigned underwriting authority, update the system and prepare necessary documentation for internal or carrier referrals and make appropriate recommendations
  • participate on calls with sales, brokers and/or customers in a professional manner
  • identify and act upon cross-selling and upgrade opportunities with sales, brokers or the customer
  • track and submit daily, weekly, monthly productivity results and time according to aon and department tools and policies
  • -collaborate with sales and brokers to understand and address unique circumstances and needs (timing, coverage, pricing) for specific applicants or customers
  • -build relationships with brokers leading to growth in business they place with us
  • -adhere to underwriting guidelines, compliance and regulatory rules, aon and department policies and procedures
  • -learn multiple products to support revenue growth and cross-sell initiatives
  • meet/exceed established servcie levels (sl) goals and deliver superior customer service

special skills:

  • proven ability to facilitate and negotiate using tact and diplomacy. negotiation skills with carriers for best rates and coverage terms
  • recognizes opportunities for process improvements and recommends changes and possibly implements
  • proven ability to anticipate customer needs
  • ability to develop strong relationships with sales/broker networks, carrier partners, customers and internal teams
  • demonstrated understanding of the underwriting process
  • self-motivated, organized and detail oriented with ability to multi-task and prioritize work to meet goals
  • above average problem solving, analytical and written/verbal communication skills
  • experience with ms office products with particularly strong skills in excel
  • sound judgment and decision making and explains verbally and/or in writing reasoning for decisions

minimum required experience:

  • p & c license is required within 6 months of hire
  • 1 or more years as an insurance underwriter
  • carrier and/or agency experience helpful, but not required

minimum education:

  • college degree or equivalent work experience

we offer you

a competitive total rewards package, continuing education & training, and tremendous potential with a growing worldwide organization.

our colleague experience:

from helping clients gain access to capital after natural disasters, to creating access to health care and retirement for millions, aon colleagues empower results for our clients, communities, and each other every day. they make a difference, work with the best, own their potential, and value one another. this is the aon colleague experience, defining what it means to work at aon and realizing our vision of empowering human and economic possibility. to learn more visit aon colleague experience.

about aon:

aon plc (nyse:aon) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

by applying for a position with aon, you understand that, should you be made an offer, it will be contingent on your undergoing and successfully completing a background check consistent with aon's employment policies. background checks may include some or all of the following based on the nature of the position: ssn/sin validation, education verification, employment verification, and criminal check, search against global sanctions and government watch lists, fingerprint verification, credit check, and/or drug test. you will be notified during the hiring process which checks are required by the position.

aon provides equal employment opportunities (eeo) to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, or domestic partner status. aon is committed to a diverse workforce and is an affirmative action employer.

disclaimer:

nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

ind-us

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Underwriting Specialist I

Aon Corporation