Underwriter Trainee

Underwriter Trainee (Edge Trainee)

The Underwriter Trainee (Edge trainee) role is an entry-level position within insurance underwriting focused on learning underwriting practices and applying them to build and grow the Edge business. Trainees participate in formal and on-the-job training to develop a working knowledge of product language, underwriting practices, policies, and guidelines while progressing along a defined career path in the insurance industry.

Responsibilities include:

• Link line of business policies and practices to company strategies
• Identify and act on opportunities to share knowledge with clients and customers
• Network with peers and outside resources to exchange ideas and information
• Compare company coverages to competitors and differentiate the company from others
• Identify new product opportunities
• Explain company service capabilities and apply them to specific client needs, including coordinating standard service delivery to customers
• Apply standard pricing to exposures
• Apply individual loss and expense factors when applicable
• Utilize internal information systems to measure results
• Analyze and evaluate impact of producer performance on assigned book of business
• Apply key expense components and influence controllable elements according to plans and strategies
• Identify and evaluate the influence of competitor strategies in the local territory or line of business and their effects on the company's business
• Provide input for written premium and expense budget planning
• Offer creative solutions that contribute to the achievement of business results
• Apply underwriting strategies and standards to pre-qualify risk acceptability
• Identify and assess exposures for each risk
• Perform detailed analysis utilizing appropriate information (exposure, rate, financial, and loss) to determine account acceptability, considering customer needs
• Assess rate adequacy relative to exposure
• Identify clients' needs and recommend solutions
• Handle or appropriately refer cross-selling opportunities
• Negotiate standard coverage issues, close sales, and gauge customer satisfaction
• Identify and access basic underwriting and service resources and evaluate associated cost-benefit
• Demonstrate knowledge of competitors' products, strategies, strengths, weaknesses, position within agencies and the marketplace, and financial picture
• Develop and pursue prospective clients
• Follow up on prospective and incumbent clients' needs

Qualifications:

• Ability to manage multiple, complex assignments and competing priorities in a fast-paced environment

• Comfort working in an ambiguous and dynamic environment

• Prior experience in insurance a plus

• Strong analytical, organizational, and communication skills

• Proficiency in Microsoft Office Suite (Excel, Word, Outlook)

• Eagerness to learn and grow within the insurance industry

• Ability to work both independently and collaboratively in a fast-paced environment

• Computer literacy including use of Word, Excel, and various project management tools

• Flexibility and openness to change and enhancements to stay competitive in the market

• Adaptability in adjusting priorities and working on multiple tasks

• Strong sense of ownership and accountability, with high motivation

Education Requirement:

• Bachelor's degree in business, Risk Management, Insurance, or a related field (or equivalent experience)

Additional Company Details:

We do not accept unsolicited resumes from third party recruiting agencies or firms.

Additional Requirements:

Location and Travel: Saint Petersburg, FL.

Sponsorship Details:

Sponsorship not Offered for this Role