Underwriting Associate
Accenture
0 - 3 years
Bengaluru
Posted: 01/05/2025
Job Description
Designation: Underwriting Associate
Qualifications:Any Graduation
Years of Experience:1 to 3 years
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security.Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services, and Accenture Song— all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 699,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.Visit us at www.accenture.com
What would you do? As an Underwriting Support in the Property & Casualty (P&C) domain, you will be part of a high-performing team supporting underwriting activities for a leading US-based insurance client. You will contribute to the end-to-end underwriting lifecycle — from new business submissions, risk data analysis, and clearance to endorsement processing and issuance. Your support will ensure underwriting decisions are well-informed, timely, and compliant with regulatory and carrier-specific guidelines. You will work closely with underwriters, brokers, and internal teams to deliver high-quality underwriting support by reviewing submissions, validating information, performing data entry, managing documentation, and processing endorsements. Your contribution will directly influence client satisfaction, service-level agreement (SLA) adherence, and operational excellence. Define Insurance policy and calucating premium including terms and condition for P*C
What are we looking for? • Underwriting support functions including submission intake, clearance, risk validation, quote preparation, and document issuance. • Familiarity with US P&C lines of business such as Commercial Auto, General Liability, Property, Workers’ Compensation, and Excess & Surplus (E&S). • Knowledge of ACORD forms, ISO guidelines, and other regulatory requirements. • Experience working with tools and platforms associated with US domain • Microsoft Excel (pivot tables, VLOOKUPs) and basic reporting skills. • Exposure to client communication through email and collaboration platforms like MS Teams. •Awareness of regulatory considerations related to surplus lines taxes, admitted vs. non-admitted markets, state-specific form filings, and insurer guidelines • Willingness to work in shifts aligned with US time zones. • A foundational understanding of the Property & Casualty insurance industry, specifically the US market. • Keen attention to detail and the ability to process high volumes of information with accuracy. • Strong analytical and communication skills to interpret and relay underwriting information. • Flexibility to work in a fast-paced, deadline-driven environment with shifting priorities.
Roles and Responsibilities: •• Review and process underwriting submissions for new business and renewals. • Validate risk data and ensure completeness of documentation before routing to underwriters. • Perform clearance and deduplication using client-specific systems and tools. • Enter accurate information into underwriting systems and maintain appropriate audit trails. • Upload and manage supporting documentation including applications, loss runs, and inspection reports. • Generate quotes and policy documents as per instructions and compliance standards. • Endorsement and Issuance Processing: • Handle mid-term policy endorsements, endorsements issuance, cancellations, and reinstatements. • Ensure adherence to turnaround time and quality benchmarks for policy servicing transactions. • Seek clarifications or provide updates regarding incomplete submissions or pending tasks. • Maintain a high level of professionalism in all communications and interactions. • Compliance and Reporting: • Adhere to regulatory and carrier-specific underwriting guidelines. • Ensure data privacy and protection in line with client and company standards. • Participate in audits, quality checks, and continuous process improvement initiatives. • Training and Development: • Attend regular training sessions to stay updated on underwriting processes, tools, and industry best practices. • Participate in knowledge sharing and mentoring within the team. • Interact with underwriters, operations leads, and other global team members through written and verbal communication. • Participate in governance calls, reporting updates, and team huddles to track SLA/KPI performance. • Proactively raise process improvement opportunities and support training or onboarding of new team members. • Maintain logs, trackers, and dashboards for submission pipeline, policy issuance, and service-level tracking.Any Graduation
About Accenture
We work with one shared purpose: to deliver on the promise of technology and human ingenuity. Every day, more than 775,000 of us help our stakeholders continuously reinvent. Together, we drive positive change and deliver value to our clients, partners, shareholders, communities, and each other.We believe that delivering value requires innovation, and innovation thrives in an inclusive and diverse environment. We actively foster a workplace free from bias, where everyone feels a sense of belonging and is respected and empowered to do their best work.At Accenture, we see well-being holistically, supporting our people’s physical, mental, and financial health. We also provide opportunities to keep skills relevant through certifications, learning, and diverse work experiences. We’re proud to be consistently recognized as one of the World’s Best Workplaces™.Join Accenture to work at the heart of change.Visit us at www.accenture.com
Equal Employment Opportunity Statement
All employment decisions shall be made without regard to age, race, creed, color, religion, sex, national origin, ancestry, disability status, veteran status, sexual orientation, gender identity or expression, genetic information, marital status, citizenship status or any other basis as protected by federal, state, or local law.
Job candidates will not be obligated to disclose sealed or expunged records of conviction or arrest as part of the hiring process.
Accenture is committed to providing veteran employment opportunities to our service men and women.
About Company
Accenture is a global professional services company specializing in consulting, technology, and outsourcing services. Headquartered in Dublin, Ireland, Accenture provides a wide range of services in strategy, digital, technology, operations, and consulting. It helps organizations improve their performance and create sustainable value by leveraging technology and industry expertise. Accenture works across various sectors, including financial services, healthcare, telecommunications, energy, and more. Known for its deep focus on innovation, Accenture partners with leading technology companies to drive digital transformation and help clients navigate complex challenges in an increasingly digital world.
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