Underwriting Specialist I

Profile

Aon is looking for an Underwriting Specialist I As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions supporting Risk in Ft. Washington, PA. Your impact as an Underwriting Specialist I Job DescriptionTimely 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 ratingAccountable 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 areasResponsible for maintaining strong working knowledge of capabilities, products, necessary resources, strategic direction, new initiatives, competitors, marketing materials and available technologyDirectly accountable for producing expected underwriting results (premium rate and loss ratios) for carrier and Affinity's program's)Participates in carrier audits as well as internal quality auditsLeads and/or participates in long or short term projects as requiredUnderstand and fully explain rate development, pricing components and application of underwriting procedures and guidelines while not losing sight of financial objectivesSupports new business underwriting needs as well as conserve existing business utilizing established methods to meet retention goalsAbility to explain policy provisions and procedures to customers, brokers and sales verbally and in writingFor risks or concerns outside of assigned underwriting authority, update the system and prepare necessary documentation for internal or carrier referrals and make appropriate recommendationsParticipate on calls with sales, brokers and/or customers in a professional mannerProcess complex policy changes and mid-term endorsementsIdentify and act upon cross-selling and upgrade opportunities with sales, brokers or the customerTrack and submit daily, weekly, monthly productivity results and time according to Aon and department tools and policiesCollaborate with sales and brokers to understand and address unique circumstances and needs (timing, coverage, pricing) for specific applicants or customersCompile and outline for sales, broker or customer any additional information required to facilitate the application and underwriting processAdhere to underwriting guidelines, compliance and regulatory rules, Aon and department policies and proceduresLearn multiple products to support revenue growth and cross-sell initiatives Special Skills:Proven ability to facilitate and negotiate using tact and diplomacy. Negotiation skills with carriers for best rates and coverage termsRecognizes opportunities for process improvements and recommends changes and possibly implementsProven ability to anticipate customer needsAbility to develop strong relationships with sales and broker networks, carrier partners as well as internal team members and customersDemonstrated understanding of the underwriting processSelf-motivated, highly organized and detail orientedAbove average problem solving, analytical and written/verbal communication skillsExperience with MS Office products with particularly strong skills in ExcelP & C license preferred - required within 6 months of hireAbility to multi-task and prioritize work and deliverables to meet goals and deadlinesSound judgment and decision making and explains verbally and/or in writing reasoning for decisionsMinimum Required Experience:1-3 years insurance experience rating or brokering accountsAgency or brokerage experience helpfulP&C License preferred - required to obtain within six months of hire dateMinimum Education:High School, College degree preferred, or equivalent work experienceWe 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. 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. 2496126,qualifications:UNAVAILABLE,responsibilities:Aon is looking for an Underwriting Specialist I As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions supporting Risk in Ft. Washington, PA. Your impact as an Underwriting Specialist I Job DescriptionTimely 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 ratingAccountable 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 areasResponsible for maintaining strong working knowledge of capabilities, products, necessary resources, strategic direction, new initiatives, competitors, marketing materials and available technologyDirectly accountable for producing expected underwriting results (premium rate and loss ratios) for carrier and Affinity's program's)Participates in carrier audits as well as internal quality auditsLeads and/or participates in long or short term projects as requiredUnderstand and fully explain rate development, pricing components and application of underwriting procedures and guidelines while not losing sight of financial objectivesSupports new business underwriting needs as well as conserve existing business utilizing established methods to meet retention goalsAbility to explain policy provisions and procedures to customers, brokers and sales verbally and in writingFor risks or concerns outside of assigned underwriting authority, update the system and prepare necessary documentation for internal or carrier referrals and make appropriate recommendationsParticipate on calls with sales, brokers and/or customers in a professional mannerProcess complex policy changes and mid-term endorsementsIdentify and act upon cross-selling and upgrade opportunities with sales, brokers or the customerTrack and submit daily, weekly, monthly productivity results and time according to Aon and department tools and policiesCollaborate with sales and brokers to understand and address unique circumstances and needs (timing, coverage, pricing) for specific applicants or customersCompile and outline for sales, broker or customer any additional information required to facilitate the application and underwriting processAdhere to underwriting guidelines, compliance and regulatory rules, Aon and department policies and proceduresLearn multiple products to support revenue growth and cross-sell initiatives Special Skills:Proven ability to facilitate and negotiate using tact and diplomacy. Negotiation skills with carriers for best rates and coverage termsRecognizes opportunities for process improvements and recommends changes and possibly implementsProven ability to anticipate customer needsAbility to develop strong relationships with sales and broker networks, carrier partners as well as internal team members and customersDemonstrated understanding of the underwriting processSelf-motivated, highly organized and detail orientedAbove average problem solving, analytical and written/verbal communication skillsExperience with MS Office products with particularly strong skills in ExcelP & C license preferred - required within 6 months of hireAbility to multi-task and prioritize work and deliverables to meet goals and deadlinesSound judgment and decision making and explains verbally and/or in writing reasoning for decisionsMinimum Required Experience:1-3 years insurance experience rating or brokering accountsAgency or brokerage experience helpfulP&C License preferred - required to obtain within six months of hire dateMinimum Education:High School, College degree preferred, or equivalent work experienceWe 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. 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.,skills:UNAVAILABLE,workHours:UNAVAILABLE,jobBenefits:UNAVAILABLE,datePosted:2021-10-04T14:35:00 0000,employmentType:FULL_TIME,educationRequirements:UNAVAILABLE,salaryCurrency:USD,baseSalary:{@type:MonetaryAmount,currency:USD,value:{@type:QuantitativeValue,value:0,minValue:0,maxValue:0,unitText:YEAR}},validThrough:2022-10-04T14:36:56.000Z,industry:UNAVAILABLE,hiringOrganization:{@type:Organization,name:Aon Corporation,sameAs:https://jobs.aon.com,logo:https://assets.jibecdn.com/prod/aon/0.0.42/assets/brands/https://aon.icims.com/icims2/servlet/icims2?module=AppInert&action=download&id=1134557&hashed=154379},jobLocation:{@type:Place,address:{@type:PostalAddress,addressLocality:Fort Washington,addressRegion:Pennsylvania,streetAddress:1100 Virginia Drive,postalCode:19034,addressCountry:United States}}}

Company info

Aon PLC.
Website : http://www.aon.com