Underwriter Trainee- Commercial Lines Insurance

Underwriter Trainee

The Underwriter Trainee will build the knowledge, skills and competencies required of an entry level underwriter. This position will receive training and development in addition to mentorship working closely with experienced professionals to become familiar with underwriting operations. The Underwriter Trainee will be trained in all aspects of managing existing and prospective commercial lines accounts.

Essential Functions :

• Successfully complete assigned commercial lines trainee program modules.
• Review coverage applications and financial requirements for risks, and work with experienced underwriter(s) to determine acceptability of risk in accordance with company guidelines and standards.
• Complete thorough risk analysis on designated accounts using appropriate Encova, NCCI, ISO, and state applicable industry rules, policies, procedures, guidelines, etc.
• Review pricing based on financial, competitive, and risk analysis, and work with underwriters to determine appropriate pricing.
• Review and confirm proper classification.
• As appropriate, present quotes and answer questions from agencies, policyholders or other external contacts and present issues to management as necessary.
• Review loss control reports and follow up on outstanding recommendations.
• Notify agencies of underwriting decisions, rate appeal decisions, underwriting requirements, status and declinations.
• Stay apprised of applicable state laws, guidelines, and regulations, industry activity and trends as appropriate.
• Effectively utilize industry rules and guidance to ensure proper policy construction.
• Manage existing and prospective accounts by actively participating in account renewals, new business presentations and discussions with agents.
• Clarify policy wording for agents.
• Apply knowledge of rating plans, employer financial standing and credit risk, employer accident experience, rules and underwriting standards to effectively handle inquiries.

Other Functions :

Knowledge, Skills and Abilities :

Ready to join our team? At Encova Insurance, we firmly believe that our associates drive our company's success by delivering unrivaled service to our customers. With success in mind, we make an ongoing effort to provide an environment that offers challenging, stimulating and financially rewarding opportunities. Join us to discover a work experience where your diverse ideas will be met with enthusiasm where you can learn and grow to your fullest potential.

What you can expect from us : Join our family of industry leaders, and let us reward you with a competitive salary, bonus and benefits package that includes but is not limited to : a 401(k), wellness programs, bonus incentive plans and flexible schedules, with an early close of the office every Friday. Additionally, Encova aspires to be an outstanding corporate citizen in all the markets we serve; we encourage and support associate participation in community initiatives through our foundations. Encova Insurance is an EOE / E-Verify employer.