Associate Underwriter Trainee

UFG Insurance

(Cedar Rapids, Iowa)
Full Time Internship
Job Posting Details
About UFG Insurance
UFG began as the dream of one man, Scott McIntyre Sr., in Cedar Rapids, Iowa, and over the past 65 years has grown into a publically traded multibillion-dollar company.
Summary
As an associate underwriter trainee you will be working at an awarded Top Workplace. Here is how you will spend your days: Conduct training to process insurance policy transactions such as quotes, applications and endorsements according to established guidelines. The on-the-job training incudes a variety of tutorials and classes that will help you along the way. You will learn to use your analytical skills to make sound risk selection and eventually manage a commercial underwriting territory typically under $5 million once training is close to completion. We will help hone your marketing skills to assist you in building strong relationships with agency personnel. And, we will teach you solid negotiating skills that will help you attain the positive results of premium growth and acceptable loss ratios. We believe in a team environment; you will have regular contact with fellow underwriters to discuss interpretation on coverage and risks.
Responsibilities
**Conduct underwriting training in the following areas**: * Order and review MVRs, D&B and credit reports * App and quote track new business to evaluate for proper coverage and premium * Evaluate change request. Approve, assign codes and process mail within underwriting guidelines. Conduct rating tasks as assigned. * Evaluate drivers for recommendations **Conduct agency management training in the following areas:** * Answer agency inquiries regarding status of risks or information requests * Special projects as assigned **Once training is near completion or completed:** * Evaluate coverages and risks * Price the risk and secure its proper class * Work with agents and CSRs to gather critical information and form strong relationships
Ideal Candidate
* Four-year college degree preferred or equivalent insurance experience with INS designation * An affinity for detailed accuracy * Ability to develop positive relationships with coworkers and agents

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