Underwriting Apprentice

PMA Companies; Pasadena (CA); On-site; USD 55,000 - 75,000; Full time

Job summary

PMA Companies offers an Underwriting Associate Program designed to provide hands-on underwriting exposure through real assignments, classroom instruction, and mentorship. You'll develop skills in pricing, risk analysis, and consultative selling while collaborating with Claims, Risk Control and other teams.

The program emphasizes analytical thinking, strong communication, and teamwork to prepare you for a career in underwriting within the property and casualty industry.

Qualifications

• Strong critical thinking with analytical judgment.
• Demonstrated relationship building and leadership through activities or work.
• Excellent verbal and written communication skills.
• Ability to work independently in a team environment.
• Technical aptitude to learn underwriting tools and processes.

Responsibilities

• Learn to analyze, select and price commercial risks under guidance.
• Collaborate with teams to develop consultative selling approaches.
• Develop marketing, analysis, and planning skills for underwriting.
• Improve decision making and problem solving in underwriting tasks.
• Build interpersonal communication with internal partners and clients.

Skills

Critical thinking

Relationship building

Leadership

Communication

Independent work

Tech aptitude

Education

Bachelor's degree (any major)

Math/Business/Economics preferred

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.

Alternate Location(s)

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This Company is an Equal Opportunity Employer, and does not discriminate on the basis of race, gender, ethnicity, religion, national origin, age, disability, veteran status, or on any other basis prohibited by law. Information on race, gender and national origin will only be used for statistical and recordkeeping purposes, and will not be used in making any employment decisions. All information provided will be kept separate from your expression of interest. Providing this information is strictly voluntary, and you will not be subjected to any adverse action or treatment if you choose not to provide this information. If you do not choose to answer these questions, we ask that you select "Decline to Identify" for each question. Thank you for your voluntary cooperation.

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