Job Description

:Position Title/Responsibility LevelAssociate \xe2\x80\x93 Premium Accounting/ Book Roll/ Endorsement and UnderwritingFunctionProperty & Casualty (P&C US) Insurance \xe2\x80\x93 OperationsLocationNoida, IndiaArea of FunctionBack OfficeJob SummaryThe associate/ sr. associate will support key operational functions including premium accounting, book roll activities, processing endorsement and underwriting for auto and home insurance across personal and commercial lines. This entry level position is ideal for candidate with 1 to 2 years (2+ years in case of Sr. Associates) of experience in US Property and Casualty[MS1] insurance industry who are detail-oriented and eager to build their skills in a dynamic, fast-paced environment.Key ResponsibilitiesPremium AccountingAdjust and reallocate misapplied payments with accuracy and efficiencyApply payments accurately to ensure proper policy administrationSet up and remove auto pay/ EFT options for policyholdersChange payment method such as converting from EFT to mortgage billingMaintain accurate records and documentation according to company standardsCollaborate with internal teams to resolve discrepancies and ensure smooth processingBook RollSupport the transfer of an entire book of business from one agency to anotherVerify the accuracy of policy details and ensure that all data related to book of business is correct and up to date before initiating the ruleCross check policies within the book to identify and reconcile any discrepancies between the source and target systemMaintain thorough documentation of the book roll process including tracking any changes or updates made during the transferCollaborating with underwriting accounting and other relevant teams to ensure smooth and timely completion of book roll processEnter and update policy information in the appropriate systems during and after the book roll ensuring that all data is accurately reflectedEnsure that the book roll process adheres to all regulatory and company compliance standardsEndorsementAccurately process endorsement requests for auto and home insurance policies including policy modifications coverage additions and other adjustments as requested by policyholders or agentsReview existing policies to ensure that requested endorsement comply with underwriting guidelines and company policiesVerify all necessary information before processing changesMaintain data integrity and accuracyEnsure that all endorsements are processed in accordance with regulatory requirement and company standards including adherence to state specific insurance lawsIdentify and resolve any discrepancy or issues that arise during endorsement processStay updated on changes in company policies procedure and industry regulation related to auto and home insurance endorsementsUnderwritingReview and process New Business, Renewals and Endorsements requests per guidelinesVerify and update policy informationUpdate policy forms per underwriting toolkitGenerate experience mod reports and rating worksheetsFollow instructions in binders, including subjectivities and related activitiesReview incoming transactions and related information for completeness accuracy and qualityMulti-line new business submissions, renewal submissions and endorsements processing including rating, policy construction and assembly in a timely and accurate mannerUpdating underwriting files with additional information and/or policy documentsQualification and SkillsQualificationBachelor\xe2\x80\x99s degreeTechnical SkillsProficient in Microsoft Office suite (Word, Excel, Outlook)Typing speed of 30 WPM with 90% accuracyAnalytical SkillsAble to make decisions following the process guidelinesStrong attention to detail and ability to handle multiple tasksProcess Specific SkillsGood knowledge of Property & Casualty insurance domain is preferredSoft Skills (Minimum)Good communication skills (written & verbal- CEF B1-5)Good comprehension skills

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