Rotational Insurance Specialist (RIS)
About The Position
Palomar is hiring recent graduates and early-career professionals for its Rotational Insurance Specialist (RIS) Program, an 18-month program beginning in September 2027. The program provides structured development through one of five capability-based rotational tracks, building technical and professional skills, cross-department relationships, and a broad understanding of the insurance industry and Palomar. Each rotation has learning objectives, a dedicated manager or mentor, and formal performance feedback. Activities vary by track and rotation. Permanent placement decisions are made only after all three rotations are complete. At the program’s conclusion, Palomar considers each specialist’s department interests and performance and conducts a budget review based on department needs. The five tracks are Insurance Execution (Underwriting and Operations); Actuarial (Analytics, Reserving, and Pricing); Capital Strategy (Reinsurance, Investments, and Corporate Development); Digital Insurance & AI (Technology, Data & Analytics); and Product & Portfolio Strategy (Product, Underwriting, and Claims). Actuarial-track applicants must be taking actuarial exams. The role is hybrid, with work aligned to the assigned team and rotation schedule, typically 2–3 days onsite per week. Relocation may be needed. The listed U.S.-based pay range is $60,000–$70,000, plus bonus potential and participation in the long-term incentive program. Final compensation may vary based on experience and qualifications.
Requirements
- Bachelor’s degree in a relevant field.
- Genuine interest in developing a career in insurance, risk management, or financial services.
- 0+ years of professional work experience.
- Ability to begin the RIS Program in September 2027.
- Strong academic performance and demonstrated interest in insurance, risk, finance, data, or a related field.
- Curiosity and comfort working across multiple departments and disciplines.
- Ability and willingness to relocate if needed.
- Willingness to work in a hybrid environment aligned with the assigned team and rotation schedule, typically 2–3 days onsite per week.
- Professionalism, adaptability, and strong communication skills.
- Actuarial-track applicants must be taking actuarial exams.
Nice To Haves
- Prior internship experience preferred.
- For the Actuarial Rotational Program, coursework or demonstrated aptitude in mathematics, statistics, or actuarial science is preferred.
Responsibilities
- Build insurance knowledge and gain exposure across multiple product lines.
- Increase business acumen through interaction with cross-functional teams.
- Research new product opportunities and their financial implications.
- Develop key performance indicators (KPIs).
- Assist with presentations and report preparation.
- Support customer account setup and customer service activities.
- Complete rotations with defined learning objectives and receive performance feedback.
- At the end of the program, participate in placement consideration based on interests, performance, and department needs.
Benefits
- Full suite of medical benefits.
- Long-term financial incentives, including stock participation.
- 401(k) with 3.5% automatic, fully vested employer contributions.
- Competitive paid time off and holiday program.
- Lifestyle spending allowance.
- Professional development assistance.
- Career exploration opportunities.
- Regular company-wide social events.
- Competitive annual discretionary bonus program.
- Opportunity for annual long-term incentive stock grants.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
