Hybrid Production Underwriting Trainee

Posted 18 hours ago

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About the role

  • Production Underwriting Trainee at Republic Indemnity learning to evaluate and underwrite workers' compensation insurance. Collaborating with teams to analyze risk and communicate decisions effectively.

Responsibilities

  • Learns to evaluate and underwrite new and renewal business in accordance with Company underwriting guidelines and risk appetite
  • Learns to analyze risk information to make informed decisions on coverage, pricing, and terms
  • Participates in collaborating with actuaries, agents, brokers, and clients to obtain necessary information and clarify details
  • Assists with ordering additional reports and screens, such as motor vehicle reports, loss history reports, outside inspections, etc., to inform decisions
  • Learns how to document underwriting decisions in compliance with state and federal insurance regulations
  • Assists with evaluating existing policies for potential renewal or modification
  • Participates in communicating underwriting decisions clearly and effectively to internal teams, agents, and brokers
  • Develops knowledge of industry trends, regulatory changes, and market conditions
  • Develops effective business relationships with internal and external customers/coworkers in order to attract and retain profitable business
  • Learns to interpret, explain, and market products and services
  • Learns to develop marketing strategies to promote the Company’s products to brokers and agents
  • Develops knowledge of market trends and competition to assist with identifying opportunities for product enhancements and marketing strategies
  • Organizes and participates in marketing initiatives, including presentations, industry events, and broker/agent meetings to showcase products and services

Requirements

  • Bachelor’s Degree in Business, Finance, Economics, Risk Management and Insurance, or a related field or equivalent experience
  • Generally, a minimum of 1-2 years of insurance with California Workers’ Compensation
  • Demonstrates basic analytical, risk assessment, and problem-solving abilities
  • Develops and maintains knowledge of company policies and industry laws and regulations
  • Strong interpersonal, communication, and negotiation skills
  • Develops strong analytical skills and the ability to use data to analyze situations, identify problems, and develop effective solutions

Benefits

  • medical, dental, and vision coverage
  • wellness plans
  • parental leave
  • adoption assistance
  • tuition reimbursement
  • Paid Time Off
  • paid holidays
  • 401(k) plan with company match
  • employee stock purchase plan
  • commuter benefits

Job title

Production Underwriting Trainee

Job type

Experience level

Entry level

Salary

$32 - $44 per hour

Degree requirement

Bachelor's Degree

Location requirements

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