Underwriting Apprentice

Old Republic Commercial Risk; Los Angeles (CA); On-site; USD 55,000 - 75,000; Full time

Job summary

Old Republic Commercial Risk in Los Angeles offers the PMA Underwriting Associate Program, a structured entry path into underwriting within the Property & Casualty insurance field.

You will be mentored by senior Underwriting professionals, gain hands-on experience, and rotate through underwriting tasks to build a solid foundation for a career in this area.

Qualifications

• Bachelor's degree with a strong GPA; math, business or economics preferred.
• Strong analytical and problem-solving abilities.
• Excellent verbal and written communication skills.

Responsibilities

• Learn to analyze, price, and set terms for commercial risks.
• Support consultative selling to generate new business.
• Develop skills in marketing, analysis, planning and organizing.
• Collaborate with teams to build relationships and ensure compliance.

Skills

Critical thinking

Analytical skills

Communication skills

Relationship building

Education

Bachelor's degree

Job description

The PMA Underwriting Associate Program is designed for individuals interested in gaining exposure to and building a career in Underwriting within the Property & Casualty insurance industry.

As a member of our Underwriting team, you will be trained by PMA's team of Underwriting professionals and leaders. Over the course of the program, you will be introduced to the Underwriting function through hands-on business assignments in Underwriting, interactive classroom instruction, job shadowing and team assignments. You will be given the opportunity to develop your knowledge, skills and talents to help you reach your Underwriting career goals.

Responsibilities

• Learn to analyze, select and profitably price coverage for commercial risks and determine terms and conditions of coverage on new and renewal business.
• Work with PMA colleagues to develop a consultative selling approach to generate new business consistent with PMA's unique underwriting strategy.
• Develop and demonstrate skills in marketing, analysis, decision making, problem solving, planning and organizing.
• Use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to challenges.
• Learn through personalized assignments to help gain broader understanding of underwriting commercial insurance and the distribution channels.
• Develop and enhance effective interpersonal communication skills with a focus on relationship building.
• Demonstrate commitment to Company's Code of Business Conduct and Ethics, and apply knowledge of compliance policies and procedures, standards and laws applicable to job responsibilities in the performance of work.

Requirements

• Bachelor's degree with a strong GPA in many majors will be considered. Math, Business or Economics preferred.
• Prior exposure to the insurance industry in some capacity (claims/underwriting) a plus.
• Strong critical thinking skills that demonstrate analysis, judgment and sound decision making.
• Demonstrated relationship building, analytical skills and leadership experience through work or involvement in community service, athletics, clubs, or other interests preferred.
• Prior work experience in a professional environment preferred (including temporary or part time roles, summer internships).
• Willingness to use effective sales and negotiation techniques and mathematical expertise within the underwriting function.
• Ability to work independently.
• Strong technically ability
• Excellent verbal and written communication skills.
• Desire to work collaboratively within a team-oriented environment with other areas of the organization including Claims, Risk Control and other departments.