Underwriter I
CAP is seeking an Underwriter responsible for performing technical and administrative duties to assess eligibility for coverage and underwrite applications for CAP membership, including group submissions, special coverages, waivers of exclusions, and entity, employee, TEP and ORP coverages.ESSENTIAL DUTIES AND RESPONSIBILITIES:UNDERWRITINGWork with Membership Development to pre-underwriting and quote physician applicants and groupsUnderwrite applications for membership, including their related coverage requests, and applications for entity, employee, TEP and ORP coverages submitted by solo practitioners and groups of various sizes. Gather and review additional information about the solo and group practices, as needed.Evaluate and prepare a risk assessment on groupsRate applicants and groups according to underwriting guidelinesPrepare and organize applicant materials and place materials in the QCC Portal for viewing and voting by QCC MembersExplain coverage, exclusions, financial obligations, membership-related obligations and programs to applicants and group administratorsEnsure timeliness and accuracy of data input into CAP System and SalesforcePrepare CAP acceptance documents for all approved physician, TEP, ORP, employee and entity applicantsComplete applicant processing to Member status, including processing requests for part-time coverage, risk class reduction, higher limits, waivers of coverage and declarations of coverageFollow up to close the sale on approved but not joined applicant physicians and their related entities, employees, TEPs and ORPsCommunicate effectively with the Underwriting Assistants and Account Executives throughout the underwriting and follow-up processWork with Underwriting team on ongoing process improvementProvide training to entry level Underwriters, as necessaryADDITIONALCoordinate with Membership Services to underwrite membership transfersWork to achieve annual department metrics for underwriting turn-around-times and department goalsPerform other duties and participate in other projects as assigned.EDUCATION and/or EXPERIENCE:Bachelor’s degree3 years work experience in medical professional liability insurance preferredExperience in professional liability underwriting of solo physicians and medical groups preferredOTHER SKILLS and ABILITIES:Excellent written and oral communication skillsExcellent organizational and time management skillsComputer literate, proficient in MS Word and ExcelAbility to multi-taskKnowledge of medical terminologySalary Range: $60,000 - $75,000 annually