Underwriting Associate, Vancouver Job at Zurich Insurance

Zurich Insurance Vancouver, BC

Job Summary
Under close supervision, supports Underwriters by working on assigned book of business using multiple tools and resources.
Job Qualifications
Required:
• Bachelors degree and no prior experience in the Administrative, Customer Service, Financial Services, Risk Management or Insurance area

OR
  • Zurich Certified Insurance Apprentice, including Associate Degree and no prior experience in the Administrative, Customer Service, Financial Services, Risk Management or Insurance area

OR
  • High School Diploma or Equivalent and 2 or more years of experience in the Administrative, Customer Service, Financial Services, Risk Management or Insurance area

AND
  • Knowledge of data collection and analysis
  • Microsoft Office experience

Preferred:
• Insurance industry knowledge
  • Knowledge of processing, rating and policy management systems used in the insurance industry
  • Strong verbal and written communication skills
  • Customer service experience
  • Detail oriented
  • Multi-tasking skills

Job Accountabilities - Key Accountabilities

  • Reviews, evaluates and summarizes risk exposures, controls, loss history, and financial condition to aid underwriting decisions around submission acceptance or declination.
  • Follows instructions from Underwriters in areas of policy rating, subjective pricing, policy construction, coverages & exclusions, mandatory forms, etc. to accurately quote and issue policies (bonds).
  • Provides account servicing support in collaboration with Underwriter and Manager, with responsibility for end-to-end servicing processes for new business, renewals, and endorsements for basic to moderately complex business and products.
  • Supports Underwriter with broker/agent/distributor/customer interactions by providing basic customer service skills. Responds to written, verbal telephone inquiries appropriately and on time under close supervision by Underwriter and/or Manager.
  • Other duties as assigned.

Business Accountabilities

  • Conduct due diligence on transactions and processes in order to determine the risk profile and compliance with relevant regulations.
  • Assess and evaluate underwriting processes in order to implement agreed technical standards, controls, practices and procedures, maintaining underwriting disciplines and identifying opportunities for improvements.
  • Review assigned customer cases, prioritize case load and interpret established policies, applying discretion within authority limits in order to resolve customer issues.
  • Handle and resolve a range of queries from customers, providing advice and supporting the development of an account to create additional value for the organization and customers.
  • Provide specialist advisory support to internal clients on a daily basis, by being focal point of contact, to ensure that there is no misalignment between policy and practice.

Competencies
Collaborate Together
Develop & Grow
Puts Customers First
Fuel Innovation
Technical Competency 1
Technical Competency 2
Motivational fit
Provide Clear Direction
Make it Happen



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