New Business Coorindator
Professional Holding Company - Saint Croix, VI

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The New Business Coordinator will support all aspects of the new business process, including application package support, underwriting (pre and post), transaction closure, legal documents, commission support, zero coupon bond processing, and possible in-force policy support all while under the supervision of the Department Manager/Assistant Vice President (AVP). Additional projects may be assigned by the AVP and/or Management. Summary of Essential Job Functions Job duties include but are not limited to the following: · Prepare application packages to be sent to potential new business prospects · New business file creation, set up and maintenance, and file documentation · Perform timely initial review and evaluation of new business application packages and coordinate with outside agents to obtain any and all missing documentation needed to complete the underwriting process · Support the new business process by creating cover letters and financial justification to aid in the underwriting process · Prepare complete and accurate application packages to insurance carriers · Handle underwriting issues and general underwriting inquires from agents, clients, and/or insurance carriers · Provide consistent follow up on unresolved requirements by interacting daily/weekly with outside agents/clients · Solicit a minimum of twice weekly underwriting updates from carriers to ensure timely underwriting approvals and provide proactive twice weekly case updates to outside agents · Upon policy approval, insure policy is issued timely and accurately per final “signed-off” design by the business development team · Work closely with legal and finance internally to insure transaction is set up to close efficiently, which may include the opening of an LLC or Corporate bank account and the creation of Legal closing documents · Prepare complete and accurate transaction closing binders for presentation to agents and clients · Handle transaction closure issues (i.e. policy rewrites) and general closure inquiries from agents, clients, insurance carriers, and internal staff · Manage closing process after execution by insuring documents are accurately complete, filed, sent to the carrier for processing and client binders are sent to the client · Work closely with Business Development, Legal, and Finance Departments internally to insure transaction is closed accurately and completely; this may include creating payment schedules, coordinating with Legal to obtain operating agreements and other legal documents, maintaining closure tracking sheets, and coordinating closing meetings · Provide support in researching possible commission issues/errors resulting from a new business transaction · Manage and maintain the Zero Coupon Bond process, including but not limited too auditing, bond reissues, bond renewals, bond accounting, documentation and compliance, and maintenance of the bond master tracking spreadsheet · Provide underwriting admin support by creating reports on outstanding closures, presentation materials, answering phones, maintain tracking sheets and data in the information system, photocopying, filing, and other duties as assigned · Run daily team meetings to insure all underwriting tasks have been assigned and completed · Work as “Project Manager” to insure underwriting tasks are completed timely and accurately

Skills Required

High school diploma or equivalency required but college degree a plus (or commensurate experience). Must have strong proficiency in the Microsoft Office Suite. Three-Five years of customer service experience and solid mathematical background a must. Knowledge of life insurance underwriting, Salesforce, and project management skills preferred.

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