Summer 2027 Surety Underwriting Intern

Nationwide Mutual Insurance Company; Avon Park South (CT); Hybrid; USD 32,000 - 69,000; Full time

Benefits offered by this job

Hybrid work model

Networking events

Job summary

Nationwide is seeking a Surety Underwriting Intern to join a Fortune 100 company in an internship that builds foundational underwriting and analytical skills in a collaborative, mentored environment.

This 12-week program provides hands-on exposure to risk analysis, agent relationships, and internal collaboration, with a hybrid work arrangement and office locations including Avon, CT.

Qualifications

• Undergraduate student pursuing a relevant degree.
• Strong analytical and written/verbal communication skills.
• Interest in insurance risk and underwriting processes.

Responsibilities

• Support underwriting transactions and tasks within guidelines.
• Review risks for acceptability and assist with pricing analyses.
• Assist with information gathering and input into underwriting systems.

Skills

Critical thinking

Communication

Analytical skills

Underwriting

Education

Pursuit of a Bachelor's degree (Business/Finance/Risk/Insurance)

Tools

Underwriting system

Job description

If you’re passionate about helping people protect what matters most to them at a Fortune 100 company with nearly $70 billion in annual sales, as well as innovating and simplifying processes and operations to provide the best customer value, then Nationwide’s Property and Casualty team could be the place for you! At Nationwide®, “on your side” goes beyond just words. Our customers and partners are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

About Our Surety Underwriting Team

Do you thrive in an environment where you can put your critical thinking and communication skills to work every day? Do you appreciate being able to contribute individually as well as collaboratively? Our Surety Underwriting team values initiative, the ambition to grow and learn, a broad skill set that includes everything from marketing to finance to risk analysis and a solutions focused approach. We’re technology savvy and highly motivated to grow our business with excellent career advancement opportunities. Each account we work on is complex and interesting. Satisfaction comes from finding solutions that provide the best coverage and give our partner agents a way to differentiate themselves from the competition.

If you are adaptable, responsive, love customers and really want to make a difference, we want to hear from you!

A day in the life of a Surety Underwriting Intern might include:

• Captures information from multiple sources, account to company guidelines to support underwriting
• Review individual risks for acceptability and handles those within authority, based on company guidelines and standards.
• Completes assigned Underwriting transactions and tasks within established time and service standard.
• Analysis and review of CPA and company financial statements and schedules.
• Input of those into the surety system.
• Determines necessary steps to process work.
• Decides to accept, reject, or modify based on level of authority
• Consults with agents and internal partners.
• Recommends opportunities for business development and service capabilities
• Enters policies and runs reports for the underwriting file.
• Works cooperatively and builds strong working relationships with territory, field, claims, sales, and other associates to share and gather information necessary to complete work.

About You

A successful Surety Underwriting Intern at Nationwide has:

• Education: Pursuit of a Bachelor’s degree in Business Management, Finance, Accounting, Risk Management, Insurance, economics, or related field.
• Completion of junior year is preferred.
• Involvement in student activities and/or some work experience.
• Skills/Competencies: General understanding of basic analytical and financial techniques preferred.
• Verbal and written communication skills necessary to interact with all levels of internal and external contacts.
• Ability to evaluate and recommend solutions to work-related problems.
• Ability to analyze insurance risks to determine the degree of acceptability and pricing.
• Effective time management skills and competencies preferred.

This internship will be hybrid (3 days in office) in one of the following office locations:

• New York City (Battery Park)
• Des Moines, IA
• Avon, CT
• Philadelphia, PA
• Houston, TX

Nationwide does not participate in the Stem OPT Extension program. At its sole discretion, Nationwide determines whether to offer sponsorship for qualifying positions based on business need and budget. However, it is not usually available for entry level roles.

Job Description Summary

Nationwide is a leader in the insurance and financial services industry in America. We are a Fortune 100 company with a mission to protect people, businesses and futures with extraordinary care. The Nationwide summer internship program is designed to empower you, allowing you to forge a strong foundation for your career. Over the course of 12 weeks, Nationwide interns take part in key business assignments that make a difference, all while enhancing their leadership competencies. As a Nationwide intern, you’ll enjoy everything that makes us great. From professional development sessions and networking events to collaborations with company leaders, your internship will take on a meaningful journey through the Nationwide experience. Our award-winning culture will ensure you feel welcomed, challenged and encouraged every step of the way!

Smoke-Free Iowa Statement:

Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act, individuals may contact the Smokefree Air Act Helpline at 888-944-2247.

For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf

Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment.

The national hourly pay range for Nationwide Internships is: $23 - $50

At Nationwide, we find purpose in protecting people, businesses and futures with extraordinary care – and we’ve been doing that since 1926. Our financial strength and caring culture extend beyond our associates into the communities we serve. You really can feel the difference at Nationwide, which is why we continue to be named one of the Fortune 100 Best Companies To Work For. Check out why others think we're a great place to work, too, and let us know – can you see yourself at Nationwide?

Nationwide is an equal opportunity employer.

We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged.

Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.