• Underwriting Analyst Trainee

    Location US-IL-Peoria
    Posted Date 2 months ago(6/22/2018 7:49 AM)
    Job ID
    23740
    # Positions
    1
    Category
    Underwriting
    Position Type
    Full Time
  • Overview

    Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group’s member companies are subsidiaries of American Financial Group, a Fortune 500 company. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty property and casualty operations and a variety of financial services, there are always opportunities here to learn and grow.

     

    Our Crop division in Peoria, IL is looking to add an Underwriting Analyst Trainee to the team.

    Responsibilities

    • Learns to administer and monitor underwriting rules and guidelines, rating manual rules and insurance laws and regulations to review, underwrite and document new and renewal policy transactions, within authority.
      • Participates in auditing and may enter policy information on an assigned product, territory and / or agency in accordance with template rules.
      • May learn to review premium and loss data on an individual account, as part of renewal process or mid-term underwriting.
    • May learn to review electronic insurance applications and / or other risk documentation. Learns to review basic underwriting requirements; refers applications or endorsements requests for further underwriting analysis when above authority limits.
    • Assists in reviewing paperwork and / or applications for signatures, dates and other considerations to ensure that coverage may be issued. Learns to verify coverage limits, perform necessary calculations and complete other checks before processing policies.
      • Learns to and assists in communicating rejection / denial of risk when deemed appropriate and when not handled by automated means.
    • May learn to order, review and take appropriate action on required reports, endorsement requests, service requests and general correspondence.
    • Learns to analyze individual risk pricing for new business submissions and renewals against template expectations, and assists making appropriate changes, within authority.
    • Learns to monitor entry / processing to ensure data integrity and to avoid potential systemic issues.
    • Learns to communicate with agents, brokers and customers to obtain information needed to underwrite risks, respond to questions and address issues.
    • Participates in other departmental processes / projects, such as changes / enhancements to forms and screens, user acceptance testing for systems and policies, and reviewing impact to current policies / practices.
    • May provide guidance and assistance to agents. May participate in developing training curriculum and / or training agents and staff.
    • Successfully completes all coursework / education as assigned.
    • Performs other duties as assigned.

    Qualifications

    Education: High School Diploma or equivalent required; some college coursework preferred.
    Field of Study: Liberal Arts, Business or a related discipline.
    Experience: 0 to 2 years of related experience; insurance experience preferred.

    Options

    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed

    Connect With Us!

    Not ready to apply? Build your career profile here to connect with us!