Impress employers and recruiters.
Choose from hundreds of resume examples.

Target Resume Now

About the Role

The Underwriter Trainee position is central to developing successfully trained underwriters with relevant experience to assume future underwriting positions. Trainees will develop critical underwriting skills through independent and on-the-job training, observing and working with underwriters, actuaries, and claim representatives. Candidates will establish, support, and maintain effective relationships with peers, customers, and brokers, progressing through three levels of the program to become eligible for an underwriter position.

Responsibilities

Analyze potential and existing customers by gathering and reviewing financial condition, loss and exposure history, and other relevant information to determine underwriting acceptability.
Assess economic or climatic trends and geographic acceptability of risks and other important criteria affecting insurance coverage and premiums.
Assess risk, and set rates & coverage levels under moderate supervision.
Understand Axis’ financial strength rating and its standing among its peer group.
Fully understand the assigned business unit risk appetite.
Accurately assign AICS codes to submissions.
Develop a working knowledge of the unit’s minimum premiums, attachment points and commission levels.
Review and develop a working knowledge of the unit’s forms and basic endorsements.
Understand how insurance rates are developed and how loss and combined ratios are determined.
Understand the impact of rate changes on loss ratios.
Develop a working knowledge of the underwriting process from initial submission through the life cycle of the customer interaction.
Understand how information is utilized in underwriting decisions.
Participate in the unit’s Peer Reviews.
Complete rotational assignment into one adjoining UW group and 1 support unit (Claims and Actuarial).
Complete 1 CPCU (or other manager approved) classes/exams.
Review new and renewal submissions for acceptability of risk, opportunity for Axis and completeness of information.
Gather additional information via the internet or other sources as needed or request additional information from brokers or claims department.
Pull AXIS loss runs and review external loss runs for acceptability.
Fully complete underwriting analysis worksheets (operations, exposures, financial history, loss history etc.).
Perform the appropriate rating (if needed) to support the pricing of the risk.
Determine the appropriate price and attachment point of the risk.
Prepare and present risk for Peer Review.
Update account information and analysis worksheet based on recommendations from peer review process.
Present draft quote to underwriter for acceptability and formal quote.
Prepare binder and provide to underwriter for approval and issuance.
Accompany underwriters and participate in broker meetings.
Review endorsement requests for acceptability and provide written recommendation or rejection of the request to underwriter for approval.
Review loss control reports and recommendations and detail the appropriate areas of concern for final review by underwriters.
Review policies for accuracy and approval or advise discrepancies.
Complete rotational assignments into 2 support units.
Prepare detailed analysis of risks for Peer Review.
May contact broker to obtain additional required information.
Set appropriate premium rates and coverage.
Present risks to appropriate individual or team for Peer Review.
Issue Quotes to brokers on new and renewal business per underwriter direction.
Review and approve endorsement requests and calculate any associated premiums.
Review audit worksheets and calculate final premium audits.
Participate in marketing (with underwriters) the company’s products and services through Axis’ approved broker network.

Requirements

A Bachelor’s degree in Risk Management and Insurance, Business Administration, Finance and Accounting, Economics, Marketing, or Liberal Arts or, an equivalent combination of education and experience.
Excellent written and verbal communication skills.
Demonstrated analytical skills and business acumen.
Proficiency in Microsoft Office suite applications (Outlook, Word, Excel, and PowerPoint).
Mobility to relocate may be required.

Skills

High energy self-starter
Good decision-maker
Entrepreneurial spirit
Marketing and sales skills
Solid time management skills
Excellent negotiation and interpersonal skills
Team player

Location

United States of America

Work Type

Full-time

Experience Level

Trainee

Education Level

Bachelor's degree

Salary/Compensations

$75,000 to $100,000

Benefits

Competitive target incentive compensation
Medical plans for you and your family
Health and wellness programs
Retirement plans
Tuition reimbursement
Paid vacation

About the Company

AXIS Capital is a trusted global provider of specialty lines insurance and reinsurance.
We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders.
We proudly maintain an entrepreneurial, disciplined and ethical corporate culture.
As a member of AXIS, you join a team that is among the best in the industry.
At AXIS, we believe that we are only as strong as our people.
We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves.
This means that we bring our whole selves to work.

Equal Opportunity

All qualified applicants will receive consideration for employment without regard to any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations.