Underwriting Apprentice

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

Job summary

Old Republic Commercial Risk's PMA Underwriting Associate Program offers aspiring underwriters a structured path into commercial insurance. Trainees are exposed to underwriting tasks through hands-on assignments, classroom instruction, job shadowing, and team projects.

Participants learn to analyze and price commercial risks, develop consultative selling approaches, and build skills in communication, planning, and decision making within a collaborative environment.

Qualifications

• 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, judgment and decision making.
• Leadership and relationship-building experience through work or involvement preferred.
• Prior professional work experience preferred (including temporary or part time roles, summer internships).
• Willingness to use sales and negotiation techniques and mathematical expertise in underwriting.
• Ability to work independently.
• Excellent verbal and written communication skills.
• Desire to collaborate across departments including Claims, Risk Control and others.

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.
• Develop and demonstrate skills in marketing, analysis, decision making, problem solving, planning and organizing.
• Use logic and reasoning to identify strengths and weaknesses of alternative solutions.
• Learn through personalized assignments to gain broader understanding of underwriting commercial insurance.
• 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 compliance policies and procedures.

Skills

Critical thinking

Relationship-building

Leadership experience

Sales & negotiation

Independent work

Strong communication

Mathematical skills

Technical ability

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, judgement 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.