Assistant Underwriter

Location
Sherman Oaks, California
Salary
Not Specified
Posted
Sep 30, 2020
Closes
Nov 29, 2020
Category
Underwriting
Job Type
Full Time

Assistant Underwriter

When you join Western Security Surplus Insurance Brokers (WSS), you join a firm you can be proud of. Our ability to attract and retain some of the finest people in the Wholesale Industry speaks well of our company and how we value our associates. WSS is currently seeking a skilled Assistant Underwriter to work in our Sherman Oaks, California office. This position will provide support to a seasoned Broker/Underwriter through account management activities.

Responsibilities

  • Initiate, coordinate and quote new and renewal business as directed by the Broker with little or no supervision
  • Determine coverage needs, prepare submissions for market and secure quotes
  • Negotiate terms and coverages available with accessible markets
  • Analyze, process and provide rating for premium and non-premium endorsements, including audits, cancellations & reinstatements
  • Review inspections as directed by the Underwriter
  • Monitor accounts to ensure compliance with the company’s policies and procedure
  • Possess and maintain an in-depth knowledge of underwriting guidelines, carrier appetite and state specific insurance laws/regulations
  • Communicate with agents on underwriting issues including cancellations, declinations, exposure concerns, and inspection results 

Education and Experience Requirements

  • Broad knowledge of concepts and procedures related to commercial property and casualty insurance which is typically acquired through a bachelor’s degree in a related field or at least 2 years of wholesale or E&S related experience
  • Must be able to understand and analyze necessary components of insurance policies
  • Possess or obtain California Property & Casualty Insurance license within 120 days of employment
  • Proficient computer knowledge including all aspects of Microsoft Office
  • Maintain and cultivate relationships with agents and insurance carriers
  • Familiarity with multi-faceted systems including company rating websites, AIM & ImageRight
  • Ability to effectively and independently manage complex workload while exhibiting very sound judgment
  • Highly organized, able to multi-task, detail-oriented and possesses a sense of urgency
  • Ability to work in a team environment is essential
  • Maintain strong knowledge of the E & S market within the wholesale distribution channel

Benefits

  • Compensation includes a competitive salary
  • Employer-paid benefits package including Medical, Vision, Life, and Disability
  • Generous Paid Time Off (PTO) with Vacation, Sick and Personal days
  • FSA medical savings plan
  • 401(k) with matching contribution by the company

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