Commercial Underwriter - Owatonna, MN

Federated Mutual Insurance Company•Owatonna, MN

19h•$63,800 - $78,000•Onsite

About The Position

At Federated Insurance, we do life-changing work, focused on our clients’ success. For our employees, we provide tremendous opportunities for growth. Federated’s culture is grounded in our Four Cornerstones: Equity, Integrity, Teamwork, and Respect. We strive to create a work environment that embodies our core principles and values. We value and respect individual differences, and we leverage those differences to achieve better results and outcomes for our clients, employees, and communities. Our top priority in recruitment and development of our next generation is to ensure we align ourselves with truly exceptional people who share these values. As an Underwriter, your work creates the foundation of our business. We could not protect businesses or provide peace of mind to clients without your expertise. You determine who our clients are and how we can better serve their needs. Your judgement helps us write and retain profitable business. Federated provides paid classroom and hands-on training designed to teach you the fundamentals of underwriting. To set you up for success, you will complete Federated’s robust classroom and hands-on training, designed to teach the foundations of underwriting at Federated. After training you will be assigned a territory to underwrite for. With minimal supervision, you will have sole ownership over your territory and will partner closely with a multitude of internal departments to gather, analyze and evaluate the risk of new and existing customers.

Requirements

A four-year degree in a business-related field
Strong analytical, computer and time management skills
Excellent written and verbal communication skills

Responsibilities

Gather and analyze information about a client’s or prospect’s business operations, history and location
Alongside colleagues, decide what products and services the business needs
Decide how much premium must be charged to cover the risk of insuring the business
Offer risk management solutions designed to help the business operate safely and profitably
Become an expert in the political landscape, legal climate, demographics, economy, environment, and competitiveness of your territory
Periodically travel to your territory to gain additional knowledge and work directly with clients and prospects
Use exceptional communication skills to build relationships with colleagues and clients