Underwriting Assistant

2 days ago

Mumbai Metropolitan Region, India Ryan Specialty Full time ₹ 2,00,000 - ₹ 6,00,000 per year

Position Summary
The Underwriting Operations Associate provides technical rating and policy issuance support for routine to moderately complex transactions in underwriting. They work closely with agents, process mid-term premium and non-premium bearing endorsements, and ensure compliance with underwriting policies and procedures.

Location:
Mumbai - India

What will your job entail?
Working in collaboration with the USA and UK underwriting teams, this role will involve completing tasks that assist in the pre and post placement underwriting activity of property, casualty & environmental insurance.

Specific Tasks Will Include

  • Updating data for insureds in our underwriting systems based on the applications received from the brokers, for various business types
  • Communicating with the underwriters & brokers to request missing information needed for underwriting new and renewal accounts
  • Maintaining active and renewal accounts in the system
  • Checking the policy produced to ensure it is in standard format
  • Adding and issuing mid-term endorsements for certain policy changes
  • Assisting the underwriters in processing new and renewal policies in some carrier systems
  • Follow up for late payments from brokers and liaising with underwriting when necessary
  • Working with Accounts Receivable to resolve all reconciliation differences, unmatched cash items and posting of items onto bordereaux /monthly account statements

Skills Required

  • Strong analytical and interrogative capability
  • Excellent inter-personal skills
  • Excellent English communication skills, both oral and written
  • An ability to work methodically and accurately
  • An ability to work under pressure and to deadlines
  • An ability to work independently reaching out for support when required
  • A willingness to learn and evolve as the work grows and evolves
  • Teamwork is a big part of life here, so you must be someone who loves taking a collaborative approach and who can recognise and acknowledge the contribution of others
  • An inquisitive nature.
  • You will either be a recent graduate with a relevant degree or have worked in insurance for a couple of years.

Disclaimer
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.

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