Underwriting Intern - Paid

New Mexico Mutual Casualty Company•Albuquerque, NM

41d

About The Position

The Underwriting Intern will learn about workers’ compensation insurance and the fundamentals of the underwriting function. Key concepts include learning how underwriters assess employers’ operations and hazards to accurately and competitively develop appropriate premium. The Underwriting Intern will utilize training, our underwriting guidelines, and predictive analytics tools to evaluate and service policies, answer customer questions, issue endorsements, and build and maintain relationships with our policyholders and agent partners.

Requirements

Pursuing a bachelor’s or master’s degree.
You’re highly motivated and you work well in a close-knit, collaborative environment.
You know how to use information technology, data and other resources to identify solutions and innovations.
Highly motivated individuals that work well in a team environment.
Think strategically and critically.
Leverage information technology, data and other resources to identify solutions and innovations.
Hold a strong desire and curiosity to learn the insurance business.
Demonstrate and develop excellent written, verbal and interpersonal communication and professional skills.
Are compatible with New Mexico Mutual's Corporate Values.
Demonstrated proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)
Adheres to New Mexico Mutual’s values and mission by demonstrating Service Excellence, Trust, Ownership, One Team and Boldness in thought and action.
Develops and maintains positive working relationships with team members, customers, coworkers and Management by demonstrating effective communication and collaborative skills.

Responsibilities

Evaluates accounts to determine risk selection within authority level
Determine account pricing, terms and conditions in accordance with industry regulations
Appropriately select risk based on the organizations underwriting risk appetite
Document justification for underwriting direction
Obtain and organize relevant underwriting information
Review and process renewal policies within given authority level
Review and process endorsements
Review and process cancellations and re-writes
Provide timely and professional communication to customers
Perform business sector review by agency, size of policy, class code, and region to report on profitability, growth opportunities, and predictive model performance