Job Description
BITCO Corporation, headquartered in Davenport, Iowa, is seeking an Assistant Underwriter for our branch office located in Lakewood CO . With 11 branch offices in 10 states, BITCO provides quality property and casualty insurance services to specialized industries including construction, forest products and oil & gas. This position is eligible for a hybrid work schedule. Position Summary This position provides key functional support to the local Underwriting team through a variety of functions that include new and renewal policy set up, account analysis, account coordination, data collection and information follow-up.
Primary Responsibilities - Review new business submissions and enter into the policy system; review for fit within underwriting guidelines
- Performs loss analysis and reviews other important detail and documentation on applications and accounts
- Prepare issuance instructions according to either a completed proposal or binder order
- May provide a full range of Underwriting support on smaller, less complex accounts
- Collaborates with Underwriting team on quotes, renewals, applications, changes, and Underwriting issues
- Builds and maintains effective relationships with agents, providing prompt service on questions, requests, and/or issues
- Develops information for special reports and projects, as requested by Underwriting team or management
- Initiates requests for renewal information and orders Experian or other investigative reports; initiates appropriate risk control service
- Administers changes to new and renewal policies, utilizing the company's current rating/publishing system and ISO, NCCI, and related on-line manuals
- Calculates premiums for endorsements and cancellations of policies
- Works with internal billing team to resolve any issues related to billing on accounts
- Coordinates account details and documentation, such as file set-up, follow up on endorsements, form completion, and proofreading
- Performs other duties as assigned
Qualifications - 2+ years of Commercial Insurance experience strongly preferred
- Intermediate to advanced knowledge of commercial rating
- Excellent communication skills, both verbal and written
- Ability to read and interpret policy terms and other factual information
- Ability to multi-task effectively within assigned deadlines
- Demonstrated sense of urgency
- Proven ability to provide prompt and effective customer service
- Must be able to work effectively in an independent and team environment
Work Environment & Physical Requirements - Must be authorized to work in the United States
- Office environment; this position is eligible for a hybrid work schedule, as directed by manager
- Frequently sit at a desk or other work station for extended periods of time
- Occasionally lift and carry equipment and/or materials weighing up to 15 pounds
- Routinely bend, kneel, reach, see, be mobile and walk around
Salary Range - $65,000-$85,000, commensurate with experience.
Benefits - Competitive salary and benefits
- Paid time off and 12 paid holidays a year
- Health, dental, and vision insurance
- Company paid life insurance – 2x annual earnings
- Old Republic 401(k) Savings and Profit Sharing Plan
- Education and training opportunities
- Insurance designations encouraged with financial assistance available
- Daily two-hour flexible start and end time for 7.5-hour workday
- Employee Fitness Program
Job Tags
Holiday work, Local area, Flexible hours,