How much does a Underwriting Analyst make at companies like AMRISC in the United States? The average salary for Underwriting Analyst at companies like AMRISC in the United States is $195,908 as of March 26, 2024, but the range typically falls between $172,068 and $219,747. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. View the Cost of Living in Major Cities2
About AMRISC
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Essential Duties and Responsibilities:
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
Analyze and interpret data of insurance policies to include rating, quoting binding and invoicing.
Underwrite renewal business with minimal supervision of an underwriter.
Accurately explain liability and other program coverages to clients and prospective clients.
Evaluate policies, endorsements, audits, cancellations, etc., resolve any discrepancies and make changes as needed.
Respond to queries from insurance brokers in regards to accounts and technical questions.
Conduct Ratings for new and renewal business.
Recommend areas of improvement in internal processes along with possible solutions.
Manage all account documentation.
Perform extensive Risk Modeling
Review and process policy servicing requests (endorsement, audits, Company requests, Certificates, Premium Finance Notices and Cancellations, etc).
Invoice and process new business and renewal binders, premium bearing endorsements, and cancellations according to internal and Company guidelines.
Establish New Submissions in the clearance system and handle according to established procedures.
Produce cancellation and non-renewal notices according to statutory and contractual requirements.
Manage underwriting files on accounts in which policies are not issued and handle according to Company and internal established procedures.
Maintain pending/suspense system per established procedures.
Maintain account files in accordance with company policy.
Perform other duties as assigned.
Required Skills and Competencies:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Must be able to understand and analyze necessary components of insurance policies/certificates.
Strong knowledge of underwriting processes, including classification principles, rating, contract administration, proposal/new business/renewal issuance and property valuations.
Must have knowledge of commercial multi-line underwriting and rating.
Must have ability to use company automation systems.
Ability to develop, foster, and maintain an excellent working relationship with clients.
Ability to work in a team environment essential.
Maintain current knowledge of the insurance industry.
Good written and oral skills are required.
College degree with a concentration in business or equivalent work experience.
Previous Insurance experience preferred
State specific Insurance License required.
Desired Skills
Normal office environment.
Ability to work extended hours when necessary.
No unusual physical demands.
CRC is an Equal Opportunity Employer and considers all qualified applicants regardless of race, gender, color, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law.
EEO is the Law Pay Transparency Nondiscrimination Provision E-Verify
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Includes base and annual incentives
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