Accounting and Underwriting Specialist
17 hours ago
Senior Associate – Premium Accounting/ Book Roll/ Endorsement and Underwriting
Our client, a leading insurance company in India, is seeking a highly skilled Senior Associate to join their team in Noida. This exciting opportunity involves working closely with the premium accounting, book roll, and underwriting teams to ensure seamless processing of auto and home insurance policies.
Key Responsibilities:
- Premium Accounting:
- • Adjust and reallocate misapplied payments with accuracy and efficiency
- • Apply payments accurately to ensure proper policy administration
- • Set up and remove auto pay/EFT options for policyholders
- • Change payment method such as converting from EFT to mortgage billing
- • Maintain accurate records and documentation according to company standards
- • Collaborate with internal teams to resolve discrepancies and ensure smooth processing
- 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
- • Collaborate 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 endorsements 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 requirements and company standards, including adherence to state-specific insurance laws
- • Identify and resolve any discrepancies or issues that arise during the endorsement process
- • Stay updated on changes in company policies, procedures, and industry regulations 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
Qualification and Skills:
- Qualification: Bachelor's degree
- Technical Skills:
- • Proficient in Microsoft Office suite (Word, Excel, Outlook)
- • Typing speed of 30 WPM with 90% accuracy
- Analytical Skills:
- • Able to make decisions following process guidelines
- • Strong attention to detail and ability to handle multiple tasks
- Process Specific Skills:
- • Good knowledge of Property & Casualty insurance domain preferred
- Soft Skills:
- • Good communication skills (written & verbal- CEF B1-5)
- • Good comprehension skills
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