Apprentice Underwriter

Coverys, Inc.; Boston (MA); On-site; USD 64,000 - 86,000; Full time

Job summary

Coverys, Inc. is seeking an Apprentice Underwriter to support underwriters in making sound underwriting decisions and to build foundational underwriting skills through a structured training platform.

You will review risk factors, loss history, and data to assist in risk selection, coverage, and pricing decisions. The role involves collaborating with experienced underwriters, documenting decisions, and participating in marketing and stewardship activities.

Qualifications

• Strong analytical skills and ability to read, analyze, and interpret business information and regulatory guidance.
• Proficiency with Microsoft Office suite.
• Willingness to travel up to 10% of the year.

Responsibilities

• Assist underwriters in risk evaluation and prepare submissions for review.
• Support pricing analysis under the guidance of Actuaries.
• Produce evaluations and recommendations for underwriters.

Skills

Analytical skills

Microsoft Office

Education

Bachelor's degree

CPCU/RPLU preferred

Job description

Position Summary

The Apprentice Underwriter will support underwriters to make appropriate underwriting decisions. This position will help evaluate assigned customer exposures and risk factors in order to make sound decisions on risk selection, coverage and pricing. Additionally, the Apprentice Underwriter position is part of a training platform to build foundational underwriting skills.

Essential Duties & Responsibilities

• Risk evaluation. Assist underwriters in reviewing risk by preparing submissions for review, ensuring accurate data entry into all systems and models, reviewing loss history and provide analysis on it.
• Under the guidance of Actuaries, facilitate a complete review for pricing.
• Produce evaluations and recommendations for underwriters.
• Guideline adherence. Understand and follow the applicable underwriting guidelines, policies, and procedures to maintain consistency and adherence to industry regulations.
• Data Analysis. Utilize analytical tools to evaluate risk exposure and understand the driver of claims.
• Collaboration. Support underwriters in driving a multi-disciplinary approach to understanding insureds' risks. Collaborate with experienced underwriters and other team members to gain a comprehensive understanding of the exposure and best means to provide coverage.
• Documentation. Maintain accurate and detailed records of underwriting decisions and communication with both internal and external parties. Responsible for documenting the underwriting process and decisions of assigned policies.
• Marketing. Assist underwriters in stewardship meetings, marketing calls and other activities.

Education, Experience, Competencies & Values

• Bachelor's degree from four-year college or university preferred; or one to two years related experience and/or training; or equivalent combination of education and experience.
• Medical professional liability underwriting experience required.
• Willingness to complete requirements of the CPCU or RPLU designation is preferred.
• Strong analytical skills Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, governmental regulations, underwriting guidelines and manuals, bylaws, financials, articles of organization, loss runs, Joint Commission reports and other industry reports.
• Ability to write reports and business correspondence.
• Proficiency with Microsoft Office suite of programs.
• Comfortable and effective in presenting information and responding to questions from groups of managers, clients, customers, and the general public.
• Ability and willingness to travel up to 10% of the year.
• Base salary range is $63,650 - $86,105. Individual compensation packages are based on a variety of factors that are unique to each candidate including location, skill set, experience, qualifications and education.

Salary

Base salary range is $63,650 - $86,105. Individual compensation packages are based on a variety of factors that are unique to each candidate including location, skill set, experience, qualifications and education.

Company Culture & Benefits

If you're a caring and customer focused individual who enjoys working with passionate team members, Coverys is the right company for you! They say an organization is only as good as its people. Here at Coverys, we believe that our employees are our most valuable asset. Each of our positions is thoughtfully crafted to ensure alignment with our mission, and every opportunity to join our team is an opportunity to support and protect the healthcare community. Our open positions offer you the chance to join a team of compassionate, dedicated, and resilient employees who are committed to becoming the best in the business. We are an organization committed to growth and professional development, keeping up to date with changes in the healthcare industry to ensure we're providing our insureds with the best possible support. All the while, we are committed to our employees and listen to the needs of our internal talent.

• Our benefits package is available day 1 of employment, so you never miss a beat.
• There is truly something for everyone in our benefits package, whether you are raising a family or a furry friend, or you're an avid traveler who uses PTO to chase down your next adventure.
• Throughout the year, we provide ample opportunities to get involved in our local communities. We get involved, we raise money, and we give back.
• Connecting with colleagues takes on new meaning when you're elbow-deep planting trees or rolling up your sleeves serving lunch to those in need.
• The giving doesn't end there-Coverys cares about the initiatives near and dear to your heart. That's why we offer directed donations, as well as company matchings, to support the organizations that you are personally involved with.
• Coverys is a dynamic organization, with opportunities to join our team across the US, as well as internationally in the UK and Ireland.

Equal Opportunity Statement

Coverys is an equal-opportunity employer. Coverys' job openings are open to all without regard to race, color, national origin, gender, gender identity, religion, age, height, weight, disability, political beliefs, sexual orientation, marital status, family status, or veteran status.