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Underwriting Operations Specialist at INS - KC

Posted in Insurance 30+ days ago.

Type: Full-Time
Location: Kansas City, Missouri





Job Description:

The Underwriting Operations Specialist participates in underwriting operations support functions in Arch's Warranty & Lender Solutions Division. 



Responsibilities

Functions related to this position include premium loading and balancing, premium auditing, new client setup and production of management reports.

Specific responsibilities may include:


  • Responsible for processing premium batches for all Warranty & Lender Solutions Division Products that are received from our agents and administrators.

  • Contact and resolve with agents and administrators any data or reconciliation issues with the premium batches.

  • Conduct in-house audits related to the accuracy of new premium transactions and refund transactions for the Lender Division Products.

  • Calculate the monthly contingent commissions for the agents and administrators as needed.

  • Validate the monthly cession statements for our reinsurance portfolio.

  • Identify and recommend to the Underwriting Operations Manager process or system changes to improve data capture or overall product management related to the various products.

  • Other duties and/or special projects as assigned.



Qualifications

Key Competencies:


  • Knowledge of insurance premium processing and policy management systems/databases is required.

  • Customer service and negotiating skills are also helpful in dealing with existing clients and prospects.

  • Analytical and Accounting reconciliation skills preferred.

  • Embraces the values and behaviors of the Arch Experience.

 Technical Skills:


  • Advanced knowledge of Microsoft Excel (various data file formats ie.CSV.TXT) and Word are also required.

 Experience:


  • Three years of prior experience in insurance industry involving insurance/premium accounting and/or insurance underwriting operations.

  • Experience working with agents/F&I administrators or financial institutions, while not required, is an added benefit.





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