Underwriting Trainee
Selective Insurance
About the Role
- Learn to underwrite renewal business.
- Administer and monitor underwriting rules and guidelines, rating manual rules, insurance laws and regulations.
- Review an agent’s book of business.
- Understand techniques for providing service and guidance to agents.
- Support more experienced underwriters.
Key Responsibilities
- Develop proficiency in insurance theories and practices.
- Develop expertise in analyzing customer needs.
- Learn how to negotiate price, coverage, and terms for renewals.
- Deliver and present renewal proposals to agency personnel.
- Build relationships with agents through agency visitation, phone conversations and written correspondence.
- Collaborate with underwriting, claims, and marketing to learn business and processes.
- Demonstrate an aptitude for analyzing and interpreting underwriting information.
- Analyze data to determine coverage and line of business upsells.
- Participate in a corporate group project as assigned.
Requirements & Tech Stack
- College degree preferred.
- Valid state-issued driver’s license in good standing.
- Demonstrated self-starter.
- Demonstrated ability to effectively communicate with internal and external customers/peers.
- Must show sound, balanced and timely decision-making skills.
- Must be willing to travel frequently to our corporate headquarters in New Jersey.
- May be required to travel to agent’s offices, attend Risk Management surveys, and participate in Premium Audit and Claim reviews.
Qualifications
- Achieve AINS and AU insurance designation within 18 months of accepting position.
Total Rewards
- Competitive base salary: USD $66,000.00 / Yr.
- Eligibility for incentive plan.
- Comprehensive health care plans.
- Retirement savings plan with company match.
- Discounted Employee Stock Purchase Program.
- Tuition assistance and reimbursement programs.
- Paid time off plans.