What are the responsibilities and job description for the Underwriter Apprentice position at Farmers Alliance Mutual Insurance C?
Learn to underwrite a profitable and growing book of business with acceptable loss and expense ratios, while maintaining good overall agency relationships. Support corporate goals and objectives.
ESSENTIAL DUTIES & RESPONSIBILITIES
- Train to become an Underwriter through independent study, classroom study and hands on training.
Learn and become proficient in the evaluation of risks for acceptance, renewal, modification, or declination within established departmental underwriting criteria and individual authority document:
Analyze underwriting information such as applications, change requests, inspections, credit reports, MVRs, and cost estimators. Evaluate alternative outcomes, make appropriate underwriting decisions and include proper and accurate file documentation.
Answer questions from agents and other team members concerning risk analysis, eligibility, underwriting rules, rating and Company practices and procedures.
Communicate with agents in a business-like manner:
Explain reasons behind underwriting decisions.
Demonstrate flexibility and adaptability as risk conditions or market conditions change.
Build professional working relationships with agents, customers, and Company personnel.
Use persuasion and influencing skills to encourage application submissions and business retention, selling the appropriate coverages, and promoting loss control measures.
Look up policy information on the computer, and possess a working knowledge of systems and databases to:
Answer policy and coverage questions.
Answer billing questions.
Participate in marketing efforts, including individual agency visits, Company/agency meetings, and/or training sessions.
Complete special assignments or other duties as assigned.
Must develop a strong knowledge and understanding of the policy forms and rating of policy types underwritten.
Must demonstrate effective time management and organization, computer skills, communication and listening skills.
Must be detail-oriented, decisive and meet departmental quality and quantity requirements.
Must actively participate in the team process and display an excellent customer service work ethic with internal and external customers.
Ability to read, analyze and interpret general business reports, company manuals, technical procedures, or governmental regulations.
Ability to write reports, business correspondence and procedure manuals.
Ability to effectively present information and respond to questions from managers, clients, customers and the general public.
EDUCATION &/OR EXPERIENCE
Bachelor's degree preferred. Consideration will be given to applicants with an associate's degree and a minimum five years work experience in the property/casualty insurance industry, and who have demonstrated a desire to learn through the completion of various IIA/CPCU or other recognized industry courses.
Continued learning through additional courses may be required by the Manager.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit, reach with hands and arms to operate computer keyboard, talk and hear. The employee is occasionally required to stand and walk. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, and ability to adjust focus.
