Underwriting Analyst
The Doctors Company is the nation’s largest physician-owned medical malpractice insurer, and they are seeking an Underwriting Analyst to join their team. This role involves assisting underwriters with risk analysis, servicing individual books of business, and providing underwriting support on various accounts.
Responsibilities
- Provides support to underwriters on their assigned book of business
- Works at the direction of an underwriting manager or underwriter to track or monitor policies
- Manages and prioritizes daily tasks and assignments to meet deadlines, agent/broker requests, UW directives and customer service standards
- Conducts policy research under the direction of an underwriter
- Prepares both routine and specialized correspondence or data analytics as instructed by an underwriter or manager
- Maintains appropriate file documentation and organization in accordance with guidelines
- Brings process improvement suggestions to management
- Develops and maintains positive working relationship with agents/brokers, co-workers and members
- Responds to agents/brokers and members within company service standards
- Prioritizes tasks to meet renewal deadlines, customer service standards and miscellaneous project due dates
- Adheres to established underwriting guidelines authority and filed rules and rates as approved by the various state insurance departments
- Evaluates new business submissions, renewals and policy change requests for their book of business resulting in underwriting decisions within their authority or recommendations for decisions exceeding their authority
- Maintains policy documentation in appropriate systems in accordance with storage guidelines
- Understands and complies with state statutory requirements including policy language changes, notice requirements, Patient Compensation Fund (PCF) rules and unique requirements
- Works on various projects and assignments made by the Underwriting Manager
- Participates actively and provides updates to leadership on assigned projects within given deadlines
Skills
- High school graduate or equivalent combination of education and experience required
- Excellent oral and written communication skills
- Ability to prioritize incoming requests while maintaining daily work assignments
- Strong customer service and team orientation and the ability to work with diverse personalities
- Ability to accurately type 60 WPM
- Ability to accurately enter data from insurance applications, underwriting correspondence or instructions and credentialing requests into developed processing systems such as Nova, Duck Creek and on-line rating tools or spreadsheets
- Ability to handle incoming calls within a call center platform; identify and address caller's needs by clarifying information, researching issues and providing solutions and/or alternatives
- Ability to follow directions and department procedures with a high degree of detail. For account referral purposes, must know the names and titles of key management personnel and have a working knowledge of department structure and reporting relationships
- INS, RPLU or CPCU designation, or progress in obtaining such as designation
- Proficiency and aptitude in use of computer information systems with knowledge of Microsoft Word and Excel
Benefits
- Health, dental, and vision insurance
- Health and dependent care tax-free spending accounts with a company match
- 401(k) and Roth IRA with company match, as well as catch-up plans for both
- Paid vacation, sick days, and personal days each calendar year (with vacation increases based on length of service)
- 11 paid holidays each calendar year
- Life and travel insurance
- Tax-free commuter benefits
- In-person and online learning opportunities
- Cross-function career opportunities
- Business casual work environment
- Time off to volunteer
- Matching donations to qualifying nonprofit organizations
- Company-sponsored participation at non-profit events
Company Overview