Underwriting Practices and Quality Assurance Senior Consultant
WFA Digital Insight
As the insurance industry continues to evolve, the demand for skilled underwriters has grown significantly. With a 25% increase in remote underwriting jobs in the past year, professionals with expertise in underwriting practices and quality assurance are in high demand. Westfield's commitment to innovation and customer satisfaction makes this role an attractive opportunity for those looking to advance their careers in a dynamic and supportive environment. Before applying, candidates should be aware of the importance of staying up-to-date with industry trends and regulations, as well as the need for strong analytical and communication skills.
Job Description
About the Role
The Underwriting Practices and Quality Assurance Senior Consultant plays a critical role in ensuring the quality and integrity of underwriting decisions at Westfield. This involves reviewing files, analyzing data, and developing underwriting policy to support the company's goals. As a key member of the underwriting team, this professional will work closely with colleagues to identify areas for improvement and implement changes to enhance the underwriting process.The successful candidate will have a deep understanding of underwriting principles and practices, as well as excellent analytical and communication skills. They will be responsible for reviewing files, identifying trends, and providing insights to support business decisions. This role offers the opportunity to work with a talented team of professionals who are passionate about delivering exceptional results.
In this role, you will report to the Underwriting Practices and Quality Assurance Manager and work closely with cross-functional teams to achieve business objectives.
What You Will Do
- Review underwriting files to ensure adherence to established policies and procedures
- Analyze data to identify trends and provide insights to support business decisions
- Develop and maintain underwriting policy and procedures
- Conduct quality assurance reviews to ensure consistency and accuracy in underwriting decisions
- Collaborate with underwriters to provide guidance and support on complex accounts
- Participate in calibration sessions to ensure consistency in file review processes
- Communicate file review findings to region leaders and underwriters
- Review comments by underwriters to determine if adjustments to the file review are appropriate
- Lead specialty audits and develop narrative reports with findings and recommendations
- Utilize quality assurance software to capture file review findings
- Conduct administrative and maintenance duties on software and work with vendors to ensure appropriate functioning
What We Are Looking For
- 10+ years of experience in middle market insurance underwriting
- Bachelor's degree in Finance, Accounting, or Business, or related experience
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills
- Ability to work in a fast-paced environment and prioritize multiple tasks
- Strong attention to detail and organizational skills
- Experience with underwriting software and technology
- Knowledge of industry standards and regulations
Nice to Have
- Experience with data analysis and reporting tools
- Certification in underwriting or a related field
- Experience with quality assurance software and procedures
Benefits and Perks
- Competitive salary and benefits package
- Opportunity to work with a talented team of professionals
- Collaborative and dynamic work environment
- Professional development and growth opportunities
- Flexible work arrangements, including remote work options
- Access to cutting-edge technology and tools
- Comprehensive health and wellness programs
How to Stand Out
- Be prepared to provide specific examples of your experience with underwriting software and technology
- Highlight your analytical and problem-solving skills, as well as your ability to communicate complex information effectively
- Emphasize your knowledge of industry standards and regulations, as well as your experience with quality assurance procedures
- Show a willingness to learn and adapt to new technologies and processes
- Prepare to discuss your experience with data analysis and reporting tools, and how you have used them to inform business decisions
- Be prepared to discuss your experience working in a fast-paced environment and prioritizing multiple tasks
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