Underwriting Associate
Job Description
Magnolia Grove Insurance Services
Location: Hybrid – Charlotte, North Carolina
Description of Magnolia Grove Insurance Services:
Magnolia Grove Insurance Services was founded by Justin Crawford and Beat Capital Partners in 2022 to bring targeted, superior products, unrivaled knowledge, and a continuous devotion to customer service to the SME environmental insurance market. With offices in Charlotte, North Carolina, and Cumming, Georgia, Magnolia Grove works closely with select brokers and offers AM Best “A” rated paper through Benchmark Specialty Insurance Company.
For more information, visit www.magnoliagrove.com.
Essential Function:
The main role of the Underwriting Associate is to support the Underwriting Team with various operational processes related to the lifecycle of an account. While not all-inclusive, typical job duties for the Underwriting Associate include the following:
- File Setup and Maintenance: Labeling and sorting files and relevant emails for auditing purposes.
- Submission Clearance: Handle rush submissions and ensure timely processing.
- Bind Orders: Review and process bind orders. Determine if able to bind as requested by evaluating information received with the bind order. Advise the broker of any additional information needed.
- Review Subjectivities: Review subjectivities with underwriters’ approval.
- Policy Issuance: Issue policies as needed.
- Endorsement Processing: Process endorsement requests, determine accurate and clear wording for the endorsement body, and notify the broker of any additional premiums.
- Report Analysis: Analyze reports and paperwork for accuracy and compliance with binding requirements.
- Renewal Preparation: Assist with preparing account renewals.
- Other Duties: Perform other duties as required by the supervisor.
Competencies:
- Proficiency in Microsoft Office (Word, Excel, and PowerPoint)
- Proficiency in Adobe Acrobat DC
- Strong organizational and planning skills
- Detail-oriented
- Ability to be a team player and respond quickly to team requests
- Customer service skills and the ability to interact via phone and email with a wide variety of people
- Open to learning about the insurance industry
Required Education or Experience:
- Bachelor’s degree or equivalent industry experience
Preferred Education and Experience:
- Bachelor’s degree in insurance or risk management
- Knowledge of the underwriting process and required forms/endorsements
Contact Information:
Email: anna.ruth@magnoliagrove.com
Phone: 704-608-5718
Website: www.magnoliagrove.com
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