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Vault Commercial Underwriting Assistant - (New York)

Title: Commercial Underwriting Assistant
Location: New York City, New York
 

Company Overview:

At Vault Commercial, we unlock value for our commercial customers. As a fast-growing disrupter, Vault is fueled by an experienced team of best-in-class leaders and professionals who are relentlessly focused on delivering for our customers and partnering with their brokers.

We are flexible and focused — licensed to write business in all 50 states via multiple channels by individually underwriting specialty business on our Vault E&S Insurance Company paper, supporting MGAs and programs, acting as an MGA through our own Combination Specialty Underwriters, and/or acting as a reinsurer. We’ve developed a state-of-the-art technology platform to quickly and accurately deliver policy documents and provide data and analytics. 

We are looking for the best and brightest talent inspired to protect what matters most to our clients. We have a team, a culture, and a philosophy of being the best at what we do.

 

Why Choose Vault:

  • 46% of our workforce was referred by someone at Vault.
  • 37% growth rate in staff since December 2021
  • Our Financial Strength is rated an A- by AM Best.
  • Rated 4.5 stars based on our customer experience reviews
  • Our leaders are respected innovators with decades of insurance expertise.
  • Vault’s proprietary technology allows for enhanced capabilities, speed, and efficiency.
  • Leading high-net-worth insurance provider with a foundation in customized solutions
  • Comprehensive benefits tailored to your lifestyle

 

Job Responsibilities: 

  • Enter new and renewal submissions in a timely and accurate way.
  • Prepare and draft quote, binder, invoice, and surplus lines affidavit documents according to underwriter instructions in the underwriting system (and manually, as needed).
  • Maintain tracking logs and spreadsheets such as submission logs, bound accounts, renewals, subjectivities, and special situations.
  • Maintain a renewal log and own the renewal process by tracking each step and following up at each stage (soliciting submission through quoting, binding, and issuance).
  • Prepare and send loss runs upon request.
  • File documents such as approvals, subjectivities, additional information, etc., in all systems according to underwriter instructions.
  • Prepare policies for underwriter review and issuance.
  • Assist Commercial staff with marketing and business development efforts.
  • Assist with program business, especially data and reporting as assigned.
  • NYC office management/administration as needed.
  • Assist in liaising with Vault operational groups on behalf of Commercial (claims, licensing, a/p and a/r, etc.). Prepare underwriting worksheets and, in some cases, rating for underwriter review and approval, as assigned.

Preferred Qualifications: 

  • Bachelor’s degree or commensurate relevant experience preferred.
  • 3-5 years of experience as a commercial property/casualty underwriting or technical assistant.
  • Large account financial lines experience is a plus.
  • Strong, demonstrated organizational capabilities and attention to detail.
  • Customer service focus, responsiveness, and integrity in internal and external interactions.
  • Proficient with Microsoft Office and comfortable with Microsoft productivity tools.
  • Advanced Excel skills are a plus.
  • Excellent interpersonal, communication, and problem-solving skills (both written and verbal).
  • Must strive to provide service levels that exceed industry standards and demonstrate teamwork across functional areas.
  • Team player and collaborative by nature.
  • Strong time management skills, with the ability to prioritize and handle multiple tasks.
 

Benefits:

  • Flexible Spending Accounts & Health Savings Accounts, with company contributions
  • Company-paid comprehensive life & disability insurance plans
  • 24/7 Telehealth doctor access, virtual wellness screenings, Employee Assistance Programs 
  • Company 401k retirement plan with Day 1 eligibility (5% company match, 100% immediate vesting)
  • 23 PTO days accrued yearly
  • 11 paid holidays
 
 
Salary Description:
$60,000 - $80,000/year
 
 
Vault is committed to providing equal opportunities to all employees and employment applicants. It prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.