Trainee (Business Development/Underwriting)

About the Role

Accident Fund Insurance Company of America is offering an Underwriting Career Path Trainee Program designed for ambitious graduates and early-career professionals. This immersive development program provides hands-on training, mentorship, and real-world experience in underwriting, business development, risk evaluation, and agency relationship management. The program begins in June 2027 and offers a launchpad for a long-term career in insurance.

Key Responsibilities (In a Learning Capacity)

• Learn and develop skills and competencies through assigned duties.
• Learn and develop skills and competencies in the use of systems, software, and programs.
• Research and analyze information within the assigned area (Underwriting).
• Work on special projects as assigned.
• Compute and provide reports, attend company meetings, and provide feedback to supervisors.
• Collaborate with internal departments to resolve problems and maintain company relations.
• Participate on special committees and task forces as necessary.

Underwriting Responsibilities

• Calculate, prepare, and develop premium quotations using corporate underwriting guidelines within a letter of authority.
• Determine underwriting eligibility for prospective policyholders and develop appropriate pricing for new business, renewals, and endorsements.
• Analyze and review prospective accounts for insurability and accept or reject within a letter of authority.
• Support agency relationships.
• Develop new business and retention of existing business in a given territory or region.
• Explain and emphasize the benefits of workers’ compensation insurance products and services to customers (agents and policyholders).
• Analyze accounts to determine exposure and proper pricing.
• Review loss trends and develop action plans to correct problem areas.

Requirements & Tech Stack

• Bachelor’s degree in a related field required; or Associate's degree in a related field and certification (such as ARM, CPCU, AU) required.
• Continuous learning required, as defined by the Company’s learning philosophy.
• Certification, or progress toward, is highly preferred and encouraged.
• Ability to make efficient and effective decisions.
• Basic knowledge of workers’ compensation industry.
• Ability to function effectively in a multi-functional team environment.
• Ability to learn and be proficient with computers and company standard software specific to the position.
• Strong interpersonal skills and ability to create and maintain mutually beneficial relationships.
• Ability to self-motivate and work independently with minimal supervision.
• Ability to organize and prioritize work with minimal supervision.
• Ability to comprehend consequences of various situations and make appropriate individuals aware when making decisions.
• Excellent oral and written communication skills.
• Ability to relocate, if required by business need.
• Ability to perform other assignments at locations outside of the office.
• Must possess a valid driver's license with a record that meets corporate standards.

Qualifications

• With proper education, no experience is required.
• One-year of relevant experience in an insurance environment or knowledge of workers’ compensation or commercial insurance is desired.