Primary Job Duties & Responsibilities
What is an Underwriter? Insurance is the contractual transfer of financial risk from one party to another.
Underwriters (Account Executives) are the heart of the insurance process, gathering and researching pertinent information and then using finely tuned analytical skills to evaluate the acceptability of business and institutional risk. However, underwriters are more than just analysts - they are the core relationship builders with our agents and clients. They are responsible for managing a profitable portfolio of business through our distributing agents and brokers.
An underwriting career includes a dynamic blend of analytical and marketing skills - it's challenging, stimulating and a superb career choice.
Perform other duties as assigned.
The intent of this position is to provide our 2018 BI UPDP Summer Interns the ability to apply to our 2019 Internship opportunities. Applications outside of this audience will not be considered at this time. However, for additional positions posted at a later date we encourage anyone who was not a Summer Intern between June 2018-August 2018 to apply at that time.
The Business Insurance Underwriting Professional Development Program provides qualified students with an excellent opportunity to gain first-hand experience receive valuable on-the-job training and learn more about the property & casualty insurance industry. Each intern will be expected to complete challenging and meaningful project work over the course of this program. In addition, there are core assignments and a designated coach to further develop interns' knowledge of insurance underwriting, sales and marketing. This job does not manage others This job works under Close Supervision: Work is reviewed at several steps along the way. (Generally pertains to trainee positions.)
Education, Work Experience & Knowledge
Because the Underwriting Development Internship Program is itself complex and dynamic, we welcome applicants that have a variety of majors, backgrounds and experiences. For the UPDP Internship, we are most interested in students who are serious about entering the insurance industry and who are excited about the prospect of making underwriting their future career choice.
Preferred cumulative GPA of 3.0 or above Undergraduate students completing their sophomore or junior year preferred Working knowledge of Microsoft Office Strong verbal and written communication skills Strong analytical skills Legally eligible to work in the United States Targeted Majors: Business Administration Economics Finance Liberal Arts (with business focus preferred) Management Marketing Risk Management and Insurance
Operates standard office equipment (Occasionally) Sitting (Can stand at will) (Frequently) Standing (Occasionally) Use of Keyboards, Sporadic 10-Key (Frequently)
Candidate must be pursuing a Bachelor's degree required. Approximate work availability from June through August (10-12 weeks) required.
The Travelers Companies