Copper Point has an exciting opportunity for an Associate Underwriter. The Associate Underwriter assists the Underwriter in the quoting, issuance, and maintenance of new and renewal business. The person in this position owns overall process and workflow responsibility for new and renewal accounts. This position reviews and requests necessary underwriting information to facilitate policy quote, issuance, and maintenance. This position will be either hybrid or full time remote depending on location.
Job Responsibilities:
Prepare quotes based on set criteria/thresholds/revisions and instructions from Underwriting
Assist in reviewing quotes in rating system pre underwriting to ensure quality control for new renewal business.
Solicit renewal information from broker/agency to include sending required pre-renewal notifications
Quality assurance of below throughout the lifecycle of policy: (add note about meeting SLAs)
Loss information in Underwriting platform/system
Operations and exposures
Pricing
Premium Audits
Endorsements
Bind & Issue Policies:
Post bind, complete necessary Underwriting notifications, bind reinsurance, tracks quote subjectivities and update various policy expiration activities including quotes that were not accepted for future new business pipelining.
Review endorsement transactions, cancellation requests and non-renewals for forwarding to Underwriter or approval if within AU Guidelines
Complete special projects as assigned by manager and perform other duties as requested.
Provide clear, timely and professional communication to agency personnel.
Thorough understanding and ability to analyze/interpret Associate Underwriting Guidelines
Qualifications/Competencies:
Bachelor’s degree preferred in a related discipline i.e., Marketing, Finance, Business
Minimum 4 years of full- time work experience in insurance can be utilized on a year for year basis as a substitute for a degree.
Knowledge and/or experience with commercial lines of insurance, i.e., classification and experience rating.
Must be detail oriented with strong organizational skills.
Excellent customer service and communication (both verbal and written)
Ability to multi-task, prioritize workload and problem solve
Ability to work in a team environment.
Must be able to partner effectively with Underwriters.
Salary Range:
$50,000.00 - $65,000.00 annually
Compensation may vary depending on skills, experience, education, and geographical location.
In addition to base salary, compensation may include an annual discretionary bonus.
Benefits:
Employees and their families are eligible to participate in Copper Point Insurance Companies benefit plans including medical, dental, vision, short-term disability, long-term disability, life insurance, a health savings account, a flexible spending account, and a 401k plan.
We provide some benefits at no cost to the employee (Basic Life Insurance and AD&D at two times an employee’s annual salary, Short- and Long-term Disability coverage, and Employee Assistance Plan).
Employees will accrue 0.0692 hours of Paid Time Off (PTO) per paid hour, which may total 18 days a year. In addition, employees will also receive 10 paid holidays throughout the calendar year.
Founded in 1925, Copper Point Insurance Companies is a leading provider of workers’ compensation and commercial insurance solutions. With an expanded Line of insurance products and a growing ten-state footprint in the western United States, Copper Point embodies stability for policyholders in Alaska, Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Utah, and Washington. Copper Point Mutual Insurance Holding Company is the corporate parent of Arizona-based Copper Point Insurance Companies, Alaska National Insurance Company, and other Copper Point Insurance Entities. Copper Point’s culture of compassion extends to the community through employee volunteerism, corporate matching, Board service, program sponsorships, and in-kind contributions. We empower employees by providing 12 hours of paid volunteer time annually and matching their personal contributions to the charities of their choice up to $500 per year. In 2020, Copper Point employees reported 3,500 volunteer hours. Copper Point offers a competitive compensation package and comprehensive benefits package including major medical, dental, vision and a wide range of competitive benefits programs, generous matching contributions to your 401(k) plan, generous paid time off, tuition reimbursement and other education benefits and business casual dress. Copper Point is an equal employment opportunity employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status or any other characteristic protected by state, federal or local law. Copper Point maintains a drug-free workplace.