Underwriter Trainee

GREATER NEW YORK MUTUAL INSURANCE COMPANY•New York, NY

2d•Onsite

About The Position

Greater New York Mutual Insurance Company (GNY) is a super-regional leader in commercial property and casualty insurance. GNY is an A+ rated, financially stable company with more than 100 years of expertise in designing, underwriting, and providing insurance solutions for business owners and property managers. At GNY, we recruit innovative thinkers, team players and confident risk-takers to carry on our rich tradition of underwriting excellence. The Underwriter Trainee Program offers a rare opportunity for individuals to receive intensive, hands-on training from expert professionals that can be directly transferred to the field. Underwriters work in a demanding, fast-paced environment that is both challenging and rewarding. As an underwriter, you will engage in collaborative relationships with clients in order to develop innovative risk management strategies based on a client’s unique risk profile. Effective analysis and implementation of these strategies requires great attention to detail and determination to find and execute successful solutions. In this comprehensive training program, trainees will experience a combination of classroom training, self-study, and on-the-job assignments. Trainees will learn all aspects of insurance including rating, underwriting, claims and loss control. Specifically, all trainees will learn how to analyze risk exposures, evaluate insurance and risk management requests, and how to underwrite an insurance policy. As trainees develop these skills throughout the duration of the training, a higher level of responsibilities and tasks will be given. The technical knowledge and professional relationships gained through this program will provide you with a sense of the different roles within the insurance industry and a solid foundation for a career in insurance.

Requirements

Obtain a passing score on the AINS 103: Exploring Commercial Insurance exam by week 3 of the training program.
Within six months of being promoted to an underwriter, completion of the Associate in Insurance (AU) designation, with a concentration in Commercial Insurance is required.
Effective verbal and written communication skills are required.
Ability to learn new systems and concepts quickly.
Knowledge of Microsoft Office 365.
Ability to organize data, multi-task and make decisions independently.

Nice To Haves

A bachelor's degree in one or more of the following fields of study is preferred: Risk Management, Finance, Economics, Business Administration, Math, and Sciences.

Responsibilities

Analyze risk exposures.
Evaluate insurance and risk management requests.
Underwrite an insurance policy.
Create, develop, and foster strong relationships with others on all levels of the organization and brokerage community.