Job Description |
Position Title/Responsibility Level Associate / Sr. Associate -Book Roll / Endorsement and Underwriting |
Function Property & Casualty (P&C US) Insurance - Operations | Location Noida, India | Area of Function Back Office |
Job Summary |
The associate/ sr. associate will support key operational functions including book roll activities, processing endorsement and underwriting for auto and property insurance across personal and commercial lines. This entry level position is ideal for candidate with 1 to 2 years (2+ years in case of Sr. Associates) of experience in US Property and Casualty insurance industry who are detail-oriented and eager to build their skills in a dynamic, fast-paced environment. |
Key Responsibilities |
Book Roll - Support the transfer of an entire book of business from one agency to another
- Verify the accuracy of policy details and ensure that all data related to book of business is correct and up to date before initiating the rule
- Cross check policies within the book to identify and reconcile any discrepancies between the source and target system
- Maintain thorough documentation of the book roll process including tracking any changes or updates made during the transfer
- Collaborating with underwriting accounting and other relevant teams to ensure smooth and timely completion of book roll process
- Enter and update policy information in the appropriate systems during and after the book roll ensuring that all data is accurately reflected
- Ensure that the book roll process adheres to all regulatory and company compliance standards
Endorsement - Accurately process endorsement requests for auto and home insurance policies including policy modifications coverage additions and other adjustments as requested by policyholders or agents
- Review existing policies to ensure that requested endorsement comply with underwriting guidelines and company policies
- Verify all necessary information before processing changes
- Maintain data integrity and accuracy
- Ensure that all endorsements are processed in accordance with regulatory requirement and company standards including adherence to state specific insurance laws
- Identify and resolve any discrepancy or issues that arise during endorsement process
- Stay updated on changes in company policies procedure and industry regulation related to auto and home insurance endorsements
Underwriting - Review and process New Business, Renewals and Endorsements requests per guidelines
- Verify and update policy information
- Update policy forms per underwriting toolkit
- Generate experience mod reports and rating worksheets
- Follow instructions in binders, including subjectivities and related activities
- Review incoming transactions and related information for completeness accuracy and quality
- Multi-line new business submissions, renewal submissions and endorsements processing including rating, policy construction and assembly in a timely and accurate manner
- Updating underwriting files with additional information and/or policy documents
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Qualification and Skills |
Qualification | |
Technical Skills | - Proficient in Microsoft Office suite (Word, Excel, Outlook)
- Typing speed of 30 WPM with 90% accuracy
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Analytical Skills | - Able to make decisions following the process guidelines
- Strong attention to detail and ability to handle multiple tasks
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Process Specific Skills | - Good knowledge of Property & Casualty insurance domain is preferred
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Soft Skills (Minimum) | - Good communication skills (written & verbal- CEF B1-5)
- Good comprehension skills
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