Summer Associate - Corporate Underwriting (Bala Cynwyd, PA)

Philadelphia Insurance Companies • Bala Cynwyd, PA

13h • $21 - $22 • Hybrid

About The Position

Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products for select industries. We have been in operation since 1962 and are nationally recognized as a member of Ward's Top 50 and rated A++ by A.M.Best. The Summer Associates Program is PHLYs exclusive internship experience. It will require students to think critically about the daily responsibilities of an insurance professional. You will learn the ins and outs of the internal systems and work alongside professionals to complete team and company objectives. You will learn the impact of your department on the overall company and its success. The Corporate Underwriting team is responsible for developing and tracking various underwriting initiatives such as dynamic portfolio optimization (DPO), priority accounts, and umbrella capacity management. The team also oversees property catastrophe aggregates, pricing tools, and peril-specific guidelines, and provides regular and ad hoc analyses by line of business, product, and cat peril in support of underwriting profitability.

Requirements

• Rising Junior or Senior pursuing a bachelor’s degree
• Excellent written and verbal communication skills
• Excellent customer service skills
• Maintain a cumulative GPA of 3.0 or higher

Nice To Haves

• Involvement in community and extracurricular activities is preferred

Responsibilities

• Participation in weekly regional and team underwriting meetings.
• Shadow underwriters to learn and understand key components of common products in the specific line of business as well as learn and maintain knowledge of company workflow and procedures.
• Interact directly with internal PHLY teams in Insurance Operations and Marketing.
• Support the new and renewal submission process.
• Learn the details of the underwriting guidelines and authority levels within the department.
• Participation in a team project; teams meet weekly to collaborate and prepare their final presentation which will be delivered to the leadership team at the end of the program
• Attend weekly department overview presentations delivered by Senior Leadership to gain knowledge of the company and industry
• Weekly meetings with your assigned mentor
• On the job training within the department at the direction of the supervising manager
• Volunteer Opportunities

Benefits

• We offer a comprehensive benefit package, which includes tuition reimbursement and a generous 401K match.
• Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities.
• Additional information on Volunteer Benefits, Paid Vacation, Medical Benefits, Educational Incentives, Family Friendly Benefits and Investment Incentives can be found at https://www.phly.com/Careers/default.aspx

What This Job Offers

• Career Level: Intern