Underwriting Specialist II
AON
Underwriting Specialist II
Huntington T. Block (HTB) Insurance Agency, Inc., a business group within Aon Affinity US, is a leading managing general underwriter of Fine Art & Musical Instrument Insurance.
The Underwriting Specialist II is a hybrid role with the flexibility to work both virtually and in office two to three days a week at our Washington DC office.
Aon is in the business of better decisions
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.
Your impact as an Underwriting Specialist II
Responsible for the day-to-day underwriting, servicing, and client/broker relationship management by obtaining a detailed knowledge of underwriting guidelines and policy forms, from both a coverage and process standpoint, with HTB’s:
+ Musical Instrument Insurance Program (MIIP).
+ Fine Art Insurance (FA).
+ Commercial Insurance (CL).
Also, there would be the requirement to become familiar with other Aon Affinity US programs, including:
+ Flood Insurance.
+ Cyber-liability insurance.
+ Nonprofit Directors & Officers Insurance for museums, symphonies, etc.
+ Other Property and Casualty (P&C) lines of coverages both required.
Within stipulated underwriting authority limits, this position is accountable for reviewing and evaluating applications for insurance coverages in order to classify the degree of insurable risk and determine appropriate premium amounts. This is a primary level underwriting position responsible for handling submissions involving moderately complex exposures and medium to high coverage limits.
What the day will look like
+ Review and evaluate insurance applications and related documents, including schedules of art or musical instruments, location and loss data, and other information needed to properly evaluate and classify the degree of risk in relation to proposed coverage limits.
+ Obtain all relevant information not included with the initial submission to ensure a thorough evaluation of the risk. Review and evaluate renewal business and recommend appropriate actions to attain premium rate and loss ratio objectives. Actively supports and monitors the renewal process drafting quote comparisons, coverage inquiry and analysis responses.
+ Carefully produces and delivers the following in a timely fashion: renewal solicitations, quotes, certificates of insurance, binders, policies, schedules, invoices, and endorsements, etc. Remarkets existing policies per client requests or as warranted by market conditions.
+ Develop and maintain positive and constructive professional relationships with underwriters, independent agents/brokers (all from an internal and external standpoint) along with clients and colleagues. Liaises with HTB’s Claims Department or insurers as required.
+ Attains planned for Renewal Account Policy Retention & New Business Goals by understanding the coverage provided, the client’s needs and complying with HTB’s service delivery standards.
+ Addresses and resolves client service requirements and or questions. Manages accounts receivables and responds to client payment-related requests.
+ Supports the team’s annual New Business Sales Goal by actively participating in new business and account rounding efforts as required. The individual annual sales and account rounding goal, if any, for this position is typically $50,000 or less.
+ Participates in and contributes to team, carrier and client meetings including insurer audits. May be asked to attend and network at association conventions, conferences, trade shows, museum/gallery openings, business luncheons and similar events if and as assigned. Some travel may be required.
+ Complete a variety of underwriting assignments and p erforms related duties as assigned.
+ Complexity of clients: Typically, low to moderate. However, as an insurance professional you should possess the ability to effectively manage clients with a higher level of complexity as required.
Skills and experience that will lead to success
+ Property and Casualty (P&C) broker insurance license preferred, will be required to obtain with in 90 days of start date.
+ 1-3 years of P&C insurance experience preferred
+ Ability to learn, understand and apply the principal concepts, terms, and conditions of P&C insurance.
+ Experience with the Microsoft office suite products (Word, Excel, PowerPoint, and Outlook).
+ Ability to work proficiently with AuMine, HTB’s agency management system and other Aon systems.
Education
+ Bachelor’s degree or commensurate education and/or work experience
+ P&C insurance designations (CIC, CPCU or ARM, etc.) are a plus
How we support our colleagues
In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognize that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!
Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.
Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.
Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. People with criminal histories are encouraged to apply.
We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com
For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.
Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
The salary range for this position (intended for U.S. applicants) is $55,000 to $65,000 annually. The actual salary will vary based on applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant’s geographic location.
A summary of all the benefits offered for the Account Executive II position:
Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon’s discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance p rogram that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.
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2552337
Underwriting Specialist II
Huntington T. Block (HTB) Insurance Agency, Inc., a business group within Aon Affinity US, is a leading managing general underwriter of Fine Art & Musical Instrument Insurance.
The Underwriting Specialist II is a hybrid role with the flexibility to work both virtually and in office two to three days a week at our Washington DC office.
Aon is in the business of better decisions
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.
Your impact as an Underwriting Specialist II
Responsible for the day-to-day underwriting, servicing, and client/broker relationship management by obtaining a detailed knowledge of underwriting guidelines and policy forms, from both a coverage and process standpoint, with HTB’s:
+ Musical Instrument Insurance Program (MIIP).
+ Fine Art Insurance (FA).
+ Commercial Insurance (CL).
Also, there would be the requirement to become familiar with other Aon Affinity US programs, including:
+ Flood Insurance.
+ Cyber-liability insurance.
+ Nonprofit Directors & Officers Insurance for museums, symphonies, etc.
+ Other Property and Casualty (P&C) lines of coverages both required.
Within stipulated underwriting authority limits, this position is accountable for reviewing and evaluating applications for insurance coverages in order to classify the degree of insurable risk and determine appropriate premium amounts. This is a primary level underwriting position responsible for handling submissions involving moderately complex exposures and medium to high coverage limits.
What the day will look like
+ Review and evaluate insurance applications and related documents, including schedules of art or musical instruments, location and loss data, and other information needed to properly evaluate and classify the degree of risk in relation to proposed coverage limits.
+ Obtain all relevant information not included with the initial submission to ensure a thorough evaluation of the risk. Review and evaluate renewal business and recommend appropriate actions to attain premium rate and loss ratio objectives. Actively supports and monitors the renewal process drafting quote comparisons, coverage inquiry and analysis responses.
+ Carefully produces and delivers the following in a timely fashion: renewal solicitations, quotes, certificates of insurance, binders, policies, schedules, invoices, and endorsements, etc. Remarkets existing policies per client requests or as warranted by market conditions.
+ Develop and maintain positive and constructive professional relationships with underwriters, independent agents/brokers (all from an internal and external standpoint) along with clients and colleagues. Liaises with HTB’s Claims Department or insurers as required.
+ Attains planned for Renewal Account Policy Retention & New Business Goals by understanding the coverage provided, the client’s needs and complying with HTB’s service delivery standards.
+ Addresses and resolves client service requirements and or questions. Manages accounts receivables and responds to client payment-related requests.
+ Supports the team’s annual New Business Sales Goal by actively participating in new business and account rounding efforts as required. The individual annual sales and account rounding goal, if any, for this position is typically $50,000 or less.
+ Participates in and contributes to team, carrier and client meetings including insurer audits. May be asked to attend and network at association conventions, conferences, trade shows, museum/gallery openings, business luncheons and similar events if and as assigned. Some travel may be required.
+ Complete a variety of underwriting assignments and p erforms related duties as assigned.
+ Complexity of clients: Typically, low to moderate. However, as an insurance professional you should possess the ability to effectively manage clients with a higher level of complexity as required.
Skills and experience that will lead to success
+ Property and Casualty (P&C) broker insurance license preferred, will be required to obtain with in 90 days of start date.
+ 1-3 years of P&C insurance experience preferred
+ Ability to learn, understand and apply the principal concepts, terms, and conditions of P&C insurance.
+ Experience with the Microsoft office suite products (Word, Excel, PowerPoint, and Outlook).
+ Ability to work proficiently with AuMine, HTB’s agency management system and other Aon systems.
Education
+ Bachelor’s degree or commensurate education and/or work experience
+ P&C insurance designations (CIC, CPCU or ARM, etc.) are a plus
How we support our colleagues
In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognize that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!
Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.
Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.
Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. People with criminal histories are encouraged to apply.
We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com
For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.
Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
The salary range for this position (intended for U.S. applicants) is $55,000 to $65,000 annually. The actual salary will vary based on applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant’s geographic location.
A summary of all the benefits offered for the Account Executive II position:
Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon’s discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance p rogram that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.
#LI-PR1
#LI-HYBRID
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