Underwriter Trainee Job Description

Underwriter Trainee Job Description

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Underwriter trainee provides support and excellent customer service to Plan Members and Plan Sponsors who have questions regarding their benefits and group insurance plan.

Underwriter Trainee Duties & Responsibilities

To write an effective underwriter trainee job description, begin by listing detailed duties, responsibilities and expectations. We have included underwriter trainee job description templates that you can modify and use.

Sample responsibilities for this position include:

Maintain knowledge of the regional office strategic direction and plan, including goals and objectives to achieve profit and growth
Develop proficiencies in internal administration systems and processes that support the task of underwriting
Successfully complete (graduates) the training program, having demonstrated an ability to make independent and sound underwriting decisions
Review insurance policy submissions and determine appetite to underwrite, underwrite and price new renewal business, and present quotes to the agent
Plan and prioritize work activities to achieve desired results within necessary time frames
Effectively use on-line resources, automation tools, and computer software packages
Continuously develop and strengthen the skills required for success in the sales underwriting position to prepare for additional responsibility
Develop strong customer service skills (consistency, quick response, knowledge of products)
Achieving standards established for success in the program by completing daily assignments, including reading of text materials, completion of on-line courses and assignments, case study work, exams, and general activities
Actively participate in class by asking questions, volunteering answers, and assisting teammates as appropriate

Underwriter Trainee Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Underwriter Trainee

List any licenses or certifications required by the position: LOMA

Education for Underwriter Trainee

Typically a job would require a certain level of education.

Employers hiring for the underwriter trainee job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Business, Finance, Economics, Accounting, Management, Education, Business/Administration, Marketing, Risk Management and Insurance, Supervision

Skills for Underwriter Trainee

Desired skills for underwriter trainee include:

Regional office strategic direction and plan
Insurance business
Organization and products desired
Group Benefits products/benefits and language desired
Computer programs
Outlook
Spreadsheet
Word processing and email software
Word
Application forms

Desired experience for underwriter trainee includes:

Use of a company pool car may be necessary for periodic travel
In addition to following all corporate guidelines, successful CORE Associates are expected to demonstrate satisfactory progress during the Training Program and achieve passing scores on all tests, case studies, and foundational underwriting assessments
Achieving standards established for success in the program by completing daily assignments, including reading of text materials, completion of on-line courses
In addition to following all corporate guidelines, successful CORE Associates are expected to demonstrate satisfactory progress during the Training Program and
Learn critical underwriting & communication skills presentation, marketing and sales skills, through classroom, independent, and on-the-job training
Work on our small commercial underwriting sales team selling directly to small business owners

Underwriter Trainee Examples

1

Underwriter Trainee Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of underwriter trainee. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for underwriter trainee
  • Learns underwriting system and maintains current information within the system
  • Complete Insurance courses and exams to earn designations such as CIC, AINS, CPCU
  • Communicate the status of existing applications via email
  • Orders and traces missing underwriting requirements including attending physician statements, medical tests results, consumer reports
  • May answer questions, provide/verify information, price plan changes, rates, services, evaluate morbidity/mortality risks by coverage
  • Recognizes problems, issues and improvement possibilities
  • Learn to efficiently underwrite new surety submissions
  • Become experienced in new market development
  • Travel is required with frequent overnight stays
  • Interaction with professional NASBP member agents other agents who do business with UFG
Qualifications for underwriter trainee
  • High school diploma, or GED, and four years related experience required
  • Good working knowledge of Microsoft Office programmes
  • Four-year college degree is strongly desired, with a major in Accounting, Business Administration, Finance or Economics preferred
  • Actively engaged in additional industry and professional development and designations (AFSB, CPCU, MBA)
  • Become experience in new market development
  • Develop a solid following of existing broker and agency relationships within the assigned geographic region
2

Underwriter Trainee Job Description

Job Description Example
Our company is hiring for an underwriter trainee. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for underwriter trainee
  • Training program will start July 2018
  • With the support of their manager, consult with sales team to provide the products and plan options that best meet the customer’s needs
  • Develop, appraise, and communicate decisions on life and health insurance applications
  • Assess mortality and morbidity risk based on company guidelines
  • Some travel is required, including overnight stays
  • Travel is required on a national basis, up to 30% of the time, including overnight travel
  • Learns to use independent judgment and initiative to support business goals
  • Observe and work with Underwriter, Assistant Vice President and Vice President of Commercial Surety business unit to become familiar with the functions of this position
  • Use business acumen to perform gather and review information on financial conditions, risk exposure, loss history, and economic trends that may impact the terms and conditions offered to the client
  • Participating in the Individual DI underwriting training program developing knowledge of underwriting rules, guidelines and procedures
Qualifications for underwriter trainee
  • Ambitious career minded candidates with a strong financial aptitude and outstanding people skills for a professional career in Surety Underwriting
  • Job requires an ability and willingness to learn financial analysis
  • Be actively engaged in additional industry and professional development and designations (AFSB, CPCU, MBA)
  • Candidates must have effective analytical, interpersonal and written/verbal communication skills
  • Ability to perform fundamental financial analysis and willingness to travel
  • Bachelor’s Degree with desired majors including Risk Management & Insurance, Business, Economics, Finance, Accounting and Math or associated work experience through intern program
3

Underwriter Trainee Job Description

Job Description Example
Our company is hiring for an underwriter trainee. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for underwriter trainee
  • Reviewing applications for completeness, requesting appropriate underwriting requirements and documenting pertinent details
  • Reviewing underwriting requirements
  • Determining risk classification according to medical, financial, occupational and avocational hazards
  • Determining product eligibility based on product guidelines
  • Determining standard/substandard risks and eligibility
  • Providing underwriting information via telephone
  • Market awareness and presence
  • In-depth knowledge of trends / patterns within Finance and Insurance sectors
  • In-depth technical and product knowledge and understanding of products underwriting strategy
  • In-depth knowledge of risk management and risk management solutions
Qualifications for underwriter trainee
  • Students expecting to graduate in May 2018 with a Bachelor’s Degree in desired majors including Risk Management & Insurance, Business, Economics, Finance, Accounting and Math or associated work experience through intern program
  • Motivated individual with strong decision-making, analytical, and time management skills
  • PC skills including MS Office
  • Bachelor's degree and a minimum 0-3 years of business experience
  • Must be able to travel to U.S. - Schaumburg, IL for 6-8 weeks of classroom training
  • Bachelor’s degree and a final cumulative GPA at/above 3.0 on a 4.0 scale or 2 Performance reviews with an Underwriter Recommendation
4

Underwriter Trainee Job Description

Job Description Example
Our company is looking to fill the role of underwriter trainee. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for underwriter trainee
  • Trading skills and behaviours
  • Travel is required, up to 20% of the time, including some overnight travel
  • Successfully complete formal training program and work with a mentor to develop Bond underwriting expertise
  • Achieve standards established for success in the program by completing daily assignments, including reading of text materials, completion of on-line courses and assignments, case study work, exams, and general activities
  • Quickly learn and assimilate new processes, product knowledge, and sales skills
  • Study in preparation for obtaining the Associate in Fidelity and Surety Bonding (AFSB) designation
  • Meet personal sales goals on new and existing accounts in assigned territory
  • Develop leads through producer engagement including physical calls, phone canvassing, and written correspondence
  • Build relationships and work effectively with a team that includes producers, corporate resources, and field service
  • Analyse results looking for trends and patterns which may need to be addressed immediately or in the future
Qualifications for underwriter trainee
  • Associates degree and two years related experience required
  • Degree in Finance, Economics or related field
  • A bachelor’s degree in life sciences, education or communications is preferred, or equivalent work experience
  • Ability to multitask in a high production environment
  • Minimum of 300 UCAS points(Pre September 2017) or 120 UCAS points (Post September 2017) this is equivalent to 3 B's at A Level
  • Minimum of 5 GCSE’s at grades A to C with two of those being in Maths and English
5

Underwriter Trainee Job Description

Job Description Example
Our growing company is looking to fill the role of underwriter trainee. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for underwriter trainee
  • Researches customer inquiries (including rate variances and system reports)
  • Provides assistance to agents, other departments and colleagues in a subject matter capacity
  • Processes policy transactions as needed in support of the underwriting function
  • Evaluates claim referrals based on underwriting authority
  • Identifies and escalates risk assessments
  • Orders and evaluates reports pertinent to underwriting decisions within underwriting authority (coring underwriting activities)
  • Participates in vendor relationships
  • Makes sound decisions in accordance with state regulations
  • Verifies eligibility of credits and discounts
  • Engages in continuous improvement initiatives
Qualifications for underwriter trainee
  • Excellent written and verbal communication with strong sales and marketing skills
  • Conducting reviews of individual business unit files to assess adherence to corporate standards and business unit strategies
  • Four-year degree desired, preferably in economics, business, finance, or risk management
  • Bachelor’s Degree in Business, Economics, Finance, Accounting, Sales, Marketing preferred with a cumulative GPA of 3.0 or higher (out of 4.0 scale or equivalent) at the time of graduation
  • Must be open to travel including occasional overnight travel as needed
  • Preferred university graduate

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