Underwriter Trainee, Commercial Lines Insurance
Encova Insurance, Columbus, OH, United States
The above represents the salary range for this job requisition. Ultimately, in determining your pay and job title, we'll consider your location, education, experience, and other job-related factors. Your recruiter can share more information about the specific salary range during the hiring process.
We have several openings for this role with a target start date of May-June 2025. There will be a comprehensive training program, including foundational teaching and on the job training.
Ideal candidates will reside within close proximity of our Columbus, Ohio or Charleston, West Virginia offices for in-office work as needed but we are open to candidates anywhere within our payroll footprint as seen on our careers page.
Are you a Referral?
If you know a current Encova Insurance associate and would like to apply as a referral, please encourage them to submit your referral information before you submit your application. You will receive an email with a direct URL link to the Job Posting of interest. Applying through this URL link will create your referral relationship for our Talent Acquisition Team.
Unique residence requirements are listed in each job posting, please review closely for details.
Encova is only able to employ associates who reside and work within specific U.S. states. Our current policies are based on the laws in states in which we are registered for payroll. Our current footprint includes:
Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, Wisconsin.
JOB OBJECTIVE:
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:
1. Successfully complete assigned commercial lines trainee program modules.
2. 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.
3. Complete thorough risk analysis on designated accounts using appropriate Encova, NCCI, ISO, and state applicable industry rules, policies, procedures, guidelines, etc.
4. Review pricing based on financial, competitive, and risk analysis, and work with underwriters to determine appropriate pricing.
5. Review and confirm proper classification.
6. As appropriate, present quotes and answer questions from agencies, policyholders or other external contacts and present issues to management as necessary.
7. Review loss control reports and follow up on outstanding recommendations.
8. Notify agencies of underwriting decisions, rate appeal decisions, underwriting requirements, status and declinations.
9. Stay apprised of applicable state laws, guidelines, and regulations, industry activity and trends as appropriate.
10. Effectively utilize industry rules and guidance to ensure proper policy construction.
11. Manage existing and prospective accounts by actively participating in account renewals, new business presentations and discussions with agents.
12. Clarify policy wording for agents.
13. Apply knowledge of rating plans, employer financial standing and credit risk, employer accident experience, rules and underwriting standards to effectively handle inquiries.
OTHER FUNCTIONS:
1. Travel to various locations to support business objectives whenever necessary.
2. Nonessential function: other duties as assigned.
KNOWLEDGE, SKILLS AND ABILITIES:
* Bachelor's degree from an accredited college or university is preferred (business administration, finance, economics, insurance, accounting, risk management, engineering, actuarial science or other business-related areas strongly preferred).
* Demonstrated professional or insurance experience may substitute for educational requirements.
* Working knowledge of technology applications and ability to support business functions.
* Solid communication and presentation skills.
* Ability to interact in a team environment and to collaborate with other business units for information gathering, reporting results, training, etc.Critical thinking: Ability to assess an individual situation and select applicable alternatives from an array of options, resulting in the most appropriate and sustainable decision.
* Strong organizational skills, including the ability to manage multiple projects and work with minimal direction.
* Excellent analytical, research and writing skills.
* Ability to adjust priorities based on changing situations.
* Ability to apply confidentiality when appropriate.
* Ability to recognize and analyze problems and develop timely solutions.
* Ability to establish and maintain effective working relationships with others to achieve objectives.
* Ability to solve practical problems and to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
* Ability to exhibit impartiality and openness to the views of others.
* Proficient in Excel.
This position has been evaluated in accordance with the Americans with Disabilities Act. Encova Insurance makes every effort to reasonably accommodate disabilities to permit performance of the essential functions and candidates who need such accommodation are encouraged to seek it. This description reflects the nature and level of work performed by associates in this position. It is not an all-inclusive inventory of duties, responsibilities and qualifications required. It provides an accurate overview of the work and skills needed to perform this position. Because job content may change from time to time, Encova Insurance reserves the right to add and/or delete functions from this job as it deems necessary for business reasons.
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.