Underwriting Assistant

Understory, Inc.Madison, WI, US

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Job Description

Are you meticulous and detail-oriented, with a keen interest in the insurance industry? Do you excel at data management and have a knack for ensuring accuracy and consistency in information processing? If you're looking to start or advance your career in insurance underwriting, joining Understory as an Underwriting Assistant could be your ideal opportunity.

In this role, you will support our underwriting team by meticulously entering and managing data from broker partner submissions, including coverages, qualitative data, deductibles, and more. Your contributions will ensure the accuracy and consistency of our underwriting documents, quotes, policies, and binders, directly impacting our efficiency and service excellence.

Your main role responsibilities will include :

Accurately enter and update data related to broker submissions in our underwriting systems, applying a precise and detail-oriented approach from intake to final documentation.
Reviewing and verifying underwriting documents, quotes, policies, and binders for completeness and accuracy, ensuring that even minor inconsistencies are identified and resolved promptly.
Ensuring data consistency across various platforms and systems within the organization, collaborating proactively with underwriting and operational teams to keep records organized and up to date.
Assisting underwriters in preparing and issuing insurance documents by staying flexible and adaptable in a fast-paced working environment.
Collaborating with broker partners to gather necessary documentation and clarify information as needed, maintaining meticulous records and structured processes to support swift follow-through.
Maintaining well-organized records of all underwriting documents, leveraging strong documentation expertise to create clear, accessible reference materials across all organization functions.
Supporting the underwriting team in achieving compliance with all applicable regulations and standards, demonstrating a sense of urgency in meeting deadlines and fulfilling regulatory requirements.

You're exactly the professional we're looking for if you :

A high school diploma or equivalent and a degree in business administration, finance, or a related field are preferred.

Possess excellent data entry skills with a focus on accuracy and attention to detail, ensuring no aspect of underwriting documentation is overlooked.

Have prior experience in an administrative or support role (preferably in insurance), showcasing an ability to prioritize tasks effectively without becoming overwhelmed.

Demonstrate strong organizational skills and the capacity to juggle multiple responsibilities, adapting quickly to evolving deadlines rather than depending solely on rigid processes.

Show proficiency with Microsoft Office applications and Adobe Acrobat and are comfortable learning and documenting new systems or software as needed.

Work well independently and as part of a team, collaborating with colleagues and partners to maintain seamless workflows and uphold high standards.

Communicate clearly, written and verbally, ensuring transparent information exchanges with brokers and underwriters.

Remain enthusiastic and engaged, embracing a dynamic work environment and addressing challenges promptly.

Compensation includes :

Competitive base salary commensurate with experience.

Comprehensive benefits package including health, dental, and vision insurance, plus a 401(k) plan.

As an Underwriting Assistant at Understory, you'll play a crucial role in our underwriting operations, supporting the foundation of our service offerings and contributing to our reputation for excellence. Join us and grow your career by ensuring the highest data management standards and operational support in the dynamic field of insurance underwriting. We look forward to having you on our team!

About Understory

Understory is a leading provider of insurance solutions built for the era of climate change. The company's global network of Dot weather stations powers the world's most sophisticated weather risk model. By combining mutualized, optimized risk structures with precision weather technology and modeling, Understory develops affordable, stable property insurance solutions.

Traditional insurance is no longer fit for purpose. Natural catastrophes driven by the volatility of climate change is increasing rates and restricting coverage. Insurance and reinsurance companies are pulling out and leaving 76% of global assets unprotected. Transformation is inevitable, and it's coming to the global insurance market. Understory cracked the code, and our approach is the only way to close this gap.

Comprising a compact yet fiercely dedicated & passionate remote team, Understory is a mission-centric, results-driven start-up that thrives on relentless adaptability and resilience. We cherish accountability and push the limits at breakneck speeds, always backed by the unwavering support of our colleagues. To sustain our drive, we place significant emphasis on work-life harmony, nurturing our families, and fostering our communities.

Understory, headquartered in Madison, Wisconsin, is poised to rewrite the story of insurance. To embark on this exciting journey with us, visit www.understoryweather.com.

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Underwriting Assistant • Madison, WI, US