Underwriting Trainee - Specialty Property (Hybrid)

Intact Insurance•Chicago, IL

37d•$59,000 - $83,000•Hybrid

About The Position

Our employees are at the heart of what we do: helping people, businesses and society prosper in good times and be resilient in bad times. When you join our team, you are bringing this purpose to life alongside a passionate community. Feel empowered to learn and grow while being valued for who you are. At Intact, we commit to supporting you in reaching your goals with tools, opportunities, and flexibility. It's our promise to you. Who we are At Intact Insurance Specialty Solutions, we are experts at what we do in protecting what makes businesses unique. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that's aligned to our targeted customer groups. Intact's Global Specialty Lines business spans across more than 20 verticals in four distinct markets: U.S., Canada, UK and Europe. The following opportunity is for our U.S. team. The opportunity We currently have an opportunity for an Underwriting Trainee to join our Specialty Property team based in our Chicago, IL office on a hybrid schedule. The Underwriting Trainee will engage in a formal pilot training program for 12 months that provides knowledge and exposure to the fundamental theories, principals and concepts of insurance and underwriting. Develops skills that contribute to technical support, service and underwriting to assigned producers on accounts. Includes assignments of low complexity such as authorizing renewals and endorsements under close supervision and in conjunction with experienced underwriters. Some of the Underwriting Trainee duties include but are not limited to: Assists in the functions of the underwriting department. Observes, questions and develops an understanding of the operations within the department as well as within the company in order to learn the principles of insurance and underwriting. Assists in the workflow process by organizing statistics and presentations with the underwriter. Processes routine endorsements on accounts while developing knowledge of the coverage therein. Attends in-house, college, and/or insurance courses. As assigned, complete department testing to measure understanding of work performed. Position will evolve to include additional responsibilities such as: directly servicing a book of business under close direction within defined authority limits. Documenting underwriting files and working with producers to develop all necessary account information for risk evaluation. Assists producers with basic questions on products and coverage. Begins to develop agency relationships. Travels with underwriters on agency visits to observe selling and marketing techniques. Performs basic portfolio analysis and makes recommendations to underwriters. Travel will be required.

Requirements

Bachelor's degree required, with an emphasis in Risk Management, Business or Finance.
0-1 years of business insurance experience.
Must possess a valid US Passport or have the ability to obtain one no later than March 2026.

Responsibilities

Assists in the functions of the underwriting department.
Observes, questions and develops an understanding of the operations within the department as well as within the company in order to learn the principles of insurance and underwriting.
Assists in the workflow process by organizing statistics and presentations with the underwriter.
Processes routine endorsements on accounts while developing knowledge of the coverage therein.
Attends in-house, college, and/or insurance courses.
As assigned, complete department testing to measure understanding of work performed.
Position will evolve to include additional responsibilities such as: directly servicing a book of business under close direction within defined authority limits.
Documenting underwriting files and working with producers to develop all necessary account information for risk evaluation.
Assists producers with basic questions on products and coverage.
Begins to develop agency relationships.
Travels with underwriters on agency visits to observe selling and marketing techniques.
Performs basic portfolio analysis and makes recommendations to underwriters.

Benefits

Comprehensive medical, dental and vision insurance with no waiting period
Competitive paid time off programs
401(k) savings and annual contributions of up to 12% of annual salary
Mental health support programs, life and disability insurance, paid parental leave and a variety of additional voluntary benefits

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