Garage Underwriting Trainee

Insurance Information Institute, Inc.; Chapel Hill (NC); Hybrid; USD 65,000 - 75,000; Full time

Benefits offered by this job

Medical insurance

401(k) plan

Paid parental leave

Job summary

IFG Companies in North Carolina is seeking a Garage Underwriter Trainee to join a 12-month training program designed to develop underwriting skills and support a profitable garage book of business.

The trainee will work with seasoned underwriters, assist in underwriting and customer service activities, and learn through a structured training plan with regular progress reviews. A recent bachelor’s degree in related fields is required.

Qualifications

• Recent or imminent bachelor’s degree in insurance, risk management, economics, actuarial science or related field.
• Willingness to participate in a 12-month Garage Underwriter Trainee training program.
• Ability to learn underwriting standards and maintain quality standards.

Responsibilities

• Assists in underwriting and customer service activities with producers and others.
• Supports producer activity for binding, issuing, and endorsing under guidance.
• Reviews quotes, binders, policies, endorsements for consistency and accuracy.
• Follows up with producers for missing information.
• Issues policies and notices in compliance with state regulations and guidelines.
• Meets service standards for issuance, endorsements and cancellations while maintaining quality.
• Responds to internal and external client inquiries in a timely manner.
• Reviews loss information and obtains necessary clarifications.
• Organizes and maintains policy files per guidelines.
• Develops relationships with counterparts at producer offices.
• Runs reports as necessary.
• Performs research and analyzes data.
• Continues underwriting knowledge through formal education and training.
• Other duties as required.

Skills

Strong computer skills

Problem solving

Interpersonal skills

Attention to detail

Multitasking

Planning and organizational skills

Education

Bachelor's degree in insurance, risk management, economics, actuarial science or related fields

Tools

Excel

Word

SharePoint

Underwriting systems

Job description

At IFG, you're building more than a career. You're helping build a better future. Since 1985, we've succeeded in a challenging industry through disciplined underwriting, strong relationships and long-term thinking. As a privately held, mission-driven insurance company, we're focused on lasting success, not short-term investor returns. Here, your contributions matter, you have opportunities to learn and grow and our success supports a greater purpose: expanding educational opportunities in rural communities and supporting military families. Build your future with us and help make a difference beyond insurance.

POSITION SUMMARY

Garage Insurance is designed to provide coverage for the sale, service, or repair of autos. The Garage Underwriter (“GU”) Trainee will participate in a training program designed to develop the skills necessary to underwrite a garage book of business. The GU Trainee will work with several experienced Underwriters during the training program from various departments at IFG Companies and will be responsible for learning the skills necessary to maintain a profitable book of business per IFG Companies’ underwriting standards. The training program is designed to be completed in twelve months. Monthly check-ins with the Vice President – Garage will be held to review progress and adjustments to the training program will be made as needed.

POSITION RESPONSIBILITIES INCLUDING

• Assists in underwriting and customer service activities, such as obtaining necessary information and data from producers (i.e. agents and brokers) and others.
• Supports producer activities when it comes to binding, issuing, and endorsing with underwriter’s guidance.
• Reviews quotes, binders, policies, endorsements and other forms for consistency and accuracy.
• Follows up with producers for missing information.
• Issues policies, endorsements, other forms and notifications in compliance with state regulations and IFG Companies' compliance guidelines.
• Achieves or exceeds IFG Companies' service standards for policy, endorsement and other form issuance and cancellations, while achieving or exceeding IFG Companies' quality standards.
• Responds to internal and external client inquiries in a timely manner.
• Reviews loss information and obtains necessary clarifications.
• Organizes and maintains policy files in accordance with IFG Companies' guidelines.
• Reviews files, records and other documents.
• Develops strong working relationships with counterparts at producer offices.
• Runs reports as necessary.
• Performs research on issues and analyzes data.
• Continues to increase underwriting knowledge and skills through formal education and training.
• Other duties as required.

KNOWLEDGE, SKILLS AND ABILITIES

• Strong computer skills (e.g., Excel, Word, SharePoint and proprietary IFG Companies' underwriting systems) with demonstrable high accuracy output
• Strong problem solving, reasoning and decision-making skills.
• Excellent interpersonal, written, verbal, and presentation skills.
• Excellent attention to detail.
• Ability to prioritize and manage multiple tasks while meeting established deadlines.
• Planning and organizational skills.

EDUCATION, EXPERIENCE AND CERTIFICATIONS

• Required: Recent or imminent graduate of a bachelor's degree from an accredited U.S. college/university, with in insurance, risk management, economics, actuarial science or related fields.

PHYSICAL DEMANDS

• Physical demands are considered to be that of a climate-controlled office environment, with minimal physical exertion.
• Position is hybrid and requires the ability and willingness to work in an IFG Companies' office at least three (3) days per week.
• Position requires prolonged sitting, extensive utilization of computers and interactions with others in person and via phone.
• Position requires the ability and the willingness to travel as required to meet business needs.

SALARY AND BENEFITS

The salary range for this position is $65,000 to $75,000. Additionally, the position may be eligible to earn incentive compensation.

IFG Companies offers competitive compensation and benefits, currently including medical, dental, vision, 401(k), flexible spending, short-term and long-term disability insurance, life insurance, paid parental leave, vacation and other paid time off.

EQUAL OPPORTUNITY

IFG Companies is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status or any other protected characteristic under applicable law.