Underwriting Trainee

About the Role

National Interstate is seeking an Underwriting Trainee to join their team in Richfield, Ohio. This role offers a hybrid work schedule.

Key Responsibilities

• Learn to evaluate and underwrite new and renewal business according to Company guidelines and risk appetite.
• Analyze risk information to make informed decisions on coverage, pricing, and terms.
• Collaborate with actuaries, agents, brokers, and clients to gather necessary information and clarify details.
• Assist with ordering reports and screens (e.g., motor vehicle reports, loss history reports, outside inspections) to inform decisions.
• Learn to document underwriting decisions in compliance with state and federal insurance regulations.
• Assist with evaluating existing policies for renewal or modification.
• Communicate underwriting decisions clearly and effectively to internal teams, agents, and brokers.
• Develop knowledge of industry trends, regulatory changes, and market conditions.
• Develop effective business relationships with internal and external customers/coworkers to attract and retain profitable business.
• Learn to interpret, explain, and market products and services.
• Perform other duties as assigned.

Requirements & Tech Stack

• This role typically involves participation in a formal training program for 6 months to 1 year.
• Work is performed under close supervision and technical direction.
• Assignments are of low to moderate technical and logistical complexity.

Qualifications

• Bachelor's Degree in Business, Finance, Economics, Risk Management and Insurance, or a related field, or equivalent experience.
• Basic analytical, risk assessment, and problem-solving abilities.
• Ability to develop and maintain knowledge of company policies and industry laws and regulations.
• Strong interpersonal, communication, and negotiation skills.
• Develop strong analytical skills and the ability to use data to analyze situations, identify problems, and develop effective solutions.