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Underwriting Services Specialist (#ICAT)

Company: Marsh McLennan
Location: Broomfield
Posted on: November 16, 2021

Job Description:

What can you expect?

  • You will acquire first-hand experience of the inner workings of a Managing General Agency (MGA) and gain specific understanding on how catastrophic modeling influences and supports underwriting, pricing, business planning, capital setting, and risk management processes
  • You can expect to make a direct impact on business results by utilizing your analytical skills to enable sound risk selection
  • You will be joining an experienced, collaborative team that excels in communication and supports one another's successes and failures with empathy and understanding
  • Your career will be supported with a hands-on training and development plan that encourages you to own your career and better yourself by discovering your motivations and unlocking your passions
    What is in it for you?The estimated salary range for this role is from $38,000 to $43,500 with the final salary being determined on an individual basis taking into consideration factors such as:
    • Candidate's Experience
    • Candidate's Education
    • Any additional certifications/credentialsWe are excited to offer the following benefits to all of our colleagues:
      • Health and welfare benefits
      • Tuition assistance
      • 401k and other retirement savings programs
      • Employee assistance program - physical, mental, and financial
        We will count on you to:
        • Obtain a general understanding of the market for ICAT's products and services.
        • Communicate issues related to producers, agency personnel, production, quality, and ICAT's products and services activity to the Supervisor, Lead, Underwriter or Relationship Manager in a timely and accurate manner, via SalesForce or direct contact.
        • Respond to producer requests via phone, email, and live chat correspondence.
        • Effectively utilize SalesForce data and other office metrics to effectively negotiate with producers.
        • Process new and renewal policies, cancellations and reinstatements, endorsements and inspection reviews to achieve individual, team and company premium, service and quality standards.
        • Fill in for other team members to ensure business continuity during peak periods and/or when team members are unavailable.
        • Gather and compiles information required to quote, and/or bind an account.
        • Conduct inspection review and analysis resulting in appropriate issue identification, recommendations and follow up actions to resolve such issues.
        • Manage a high volume of workflow while maintaining accuracy and a high level of detail.
        • Operate within defined underwriting authority as outlined in the USM authority matrix.
        • Understand and adhere to ICAT's underwriting processing, underwriting guidelines and underwriting file documentation.
        • Understand the functionality of all underwriting systems (automated and manual) and utilizes these systems as required.
        • Demonstrate basic understanding of technical underwriting principles and risk underwriting characteristics.
        • Understand and use policy form structure, products and coverages effectively.
        • Begin to learn market dynamics, competitive landscape, and product differences.
        • Maintain knowledge of and supports ICAT's company values and strategic plan.
          What you need to have:
          • 1-3 years customer service experience in a professional business setting
          • Proficiency in MS Office (Excel, Word, PowerPoint)
          • High attention to detail, creativity, intellectual curiosity, a desire to communicate, and strong time management skills
          • Excellent spoken and written communication skills
            What makes you stand out?
            • Bachelor's degree in insurance, business or related field
            • 1 to 2 years underwriting support experience
            • Experience using SalesForce
              Founded in 1998 and based in Broomfield, Colorado, ICAT is a leading provider of property insurance protection to homeowners and businesses located in hurricane- and earthquake-exposed regions of the United States. ICAT draws from highly specialized underwriting expertise and advanced technology tools to offer brokers and their clients market-leading catastrophe coverage. Along with its subsidiary, Boulder Claims, ICAT's inherent promise to policyholders is to assist people and businesses as they recover from disasters. ICAT programs currently protect over 85,000 homeowners and business owners in catastrophe-exposed regions of the US.
              Marsh is the world's leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue approaching US $17 billion and 76,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on ; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.
              Marsh McLennan and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

Keywords: Marsh McLennan, Broomfield , Underwriting Services Specialist (#ICAT), Other , Broomfield, Colorado

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