Underwriting Trainee

Summit Consulting; Town of Richfield (WI); On-site; USD 52,000 - 76,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k) plan with company match

Paid time off & holidays

Tuition reimbursement

Job summary

National Interstate Insurance Company, a member of Great American Insurance Group, is seeking a trainee underwriter in Wisconsin to learn underwriting guidelines, assess risk, and support pricing decisions for commercial transportation coverage.

You will collaborate with actuaries, agents, and clients, review reports, and document decisions in compliance with regulations. The program includes formal training and exposure to market conditions with growth opportunities within the organization.

Qualifications

• Bachelor’s Degree in Business, Finance, Economics, Risk Management and Insurance, or related field.
• Formal training program for 6–12 months.
• Strong analytical, communication, and negotiation abilities.

Responsibilities

• Underwrite new and renewal business per guidelines.
• Analyze risk information to guide coverage and pricing decisions.
• Collaborate with actuaries, agents, brokers, and clients to obtain necessary information.
• Gather and review motor vehicle reports, loss history, and other reports to inform decisions.
• Document underwriting decisions in compliance with state and federal regulations.
• Assist with evaluating existing policies for renewal or modification.

Skills

Interpersonal skills

Communication skills

Negotiation skills

Analytical skills

Risk assessment

Education

Bachelor's degree in Business, Finance, Economics, Risk Management and Insurance

Job description

National Interstate is a member of Great American Insurance Group. As one of the leading commercial transportation insurers in the nation, we offer risk financing solutions in all 50 states tailored to meet the needs of a wide variety of transportation classes. Our offerings include traditional insurance and innovative alternative risk transfer (ART) programs, including more than a dozen group captive programs catering to niche wheels markets. We are proud to be a multiple Northcoast 99 winner and Cleveland Plain Dealer Top Workplace in Northeast Ohio. It is because of our talented and dedicated team that we are able to live out our company values of integrity, transparency, fairness, accountability, empowerment and collaboration with each transaction we make. If you are ready to join an engaging and driven team such as ours, we would love to hear from you! At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best. Since 1989, National Interstate has specialized in serving the insurance needs of the wheels-based transportation industry. Our steadfast focus on developing niche expertise in product design, loss control and claim services has made National Interstate one of the most respected names in commercial transportation insurance today.

Essential Job Functions and Responsibilities

• Learns to evaluate and underwrite new and renewal business in accordance with Company underwriting guidelines and risk appetite.
• Learns to analyze risk information to make informed decisions on coverage, pricing, and terms.
• Participates in collaborating with actuaries, agents, brokers, and clients to obtain necessary information and clarify details.
• Assists with ordering additional reports and screens, such as motor vehicle reports, loss history reports, outside inspections, etc., to inform decisions.
• Learns how to document underwriting decisions in compliance with state and federal insurance regulations.
• Assists with evaluating existing policies for potential renewal or modification.
• Participates in communicating underwriting decisions clearly and effectively to internal teams, agents, and brokers.
• Develops knowledge of industry trends, regulatory changes, and market conditions.
• Develops effective business relationships with internal and external customers/coworkers in order to attract and retain profitable business.
• Learns to interpret, explain, and market products and services.
• Performs other duties as assigned.

Job Requirements

• Education: Bachelor’s Degree in Business, Finance, Economics, Risk Management and Insurance, or a related field or equivalent experience.
• Scope of Job/Qualifications: Typically participates in a formal training program for 6 months to a year.
• Performs work under close supervision and technical direction.
• Works on assignments of low to moderate technical and logistical complexity.
• Demonstrates basic analytical, risk assessment, and problem-solving abilities.
• Develops and maintains knowledge of company policies and industry laws and regulations.
• Strong interpersonal, communication, and negotiation skills.
• Develops strong analytical skills and the ability to use data to analyze situations, identify problems, and develop effective solutions.

Company

NIIC National Interstate Insurance Company

Benefits

• We offer competitive benefits packages for full-time and part-time employees*.
• Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement.
• Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.

*Excludes seasonal employees and interns.

Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Learn more at http://www.gaig.com/careers.

National Interstate Insurance Company, and our wholly owned subsidiary, Vanliner Insurance Company, are proud members of Great American Insurance Group. We provide highly innovative insurance solutions and world-class customer service for a variety of commercial transportation industries. Our success is a reflection of our highly motivated team of employees.