Underwriter Trainee, Commercial Lines Insurance

The salary range for this job posting is $42,878.00 - $68,604.00 annually + bonus + benefits

The above represents the salary range for this job requisition. Ultimately, in determining your pay and job title, we'll consider your location, education, experience, and other job-related factors. Your recruiter can share more information about the specific salary range during the hiring process.

We have several openings for this role with a target start date of May-June 2025. There will be a comprehensive training program, including foundational teaching and on the job training.

Ideal candidates will reside within close proximity of our Columbus, Ohio or Charleston, West Virginia offices for in-office work as needed but we are open to candidates anywhere within our payroll footprint as seen on our careers page.

Are you a Referral?

If you know a current Encova Insurance associate and would like to apply as a referral, please encourage them to submit your referral information before you submit your application. You will receive an email with a direct URL link to the Job Posting of interest. Applying through this URL link will create your referral relationship for our Talent Acquisition Team.

Unique residence requirements are listed in each job posting, please review closely for details.

Encova is only able to employ associates who reside and work within specific U.S. states. Our current policies are based on the laws in states in which we are registered for payroll. Our current footprint includes:

Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, Wisconsin.

JOB OBJECTIVE:

The Underwriter Trainee will build the knowledge, skills and competencies required of an entry level underwriter. This position will receive training and development in addition to mentorship working closely with experienced professionals to become familiar with underwriting operations. The Underwriter Trainee will be trained in all aspects of managing existing and prospective commercial lines accounts.

ESSENTIAL FUNCTIONS:
1.    Successfully complete assigned commercial lines trainee program modules.
2.    Review coverage applications and financial requirements for risks, and work with experienced underwriter(s) to determine acceptability of risk in accordance with company guidelines and standards.
3.    Complete thorough risk analysis on designated accounts using appropriate Encova, NCCI, ISO, and state applicable industry rules, policies, procedures, guidelines, etc.
4.    Review pricing based on financial, competitive, and risk analysis, and work with underwriters to determine appropriate pricing.
5.    Review and confirm proper classification.
6.    As appropriate, present quotes and answer questions from agencies, policyholders or other external contacts and present issues to management as necessary.
7.    Review loss control reports and follow up on outstanding recommendations.
8.    Notify agencies of underwriting decisions, rate appeal decisions, underwriting requirements, status and declinations.
9.    Stay apprised of applicable state laws, guidelines, and regulations, industry activity and trends as appropriate.
10.    Effectively utilize industry rules and guidance to ensure proper policy construction.
11.    Manage existing and prospective accounts by actively participating in account renewals, new business presentations and discussions with agents.
12.    Clarify policy wording for agents.
13.    Apply knowledge of rating plans, employer financial standing and credit risk, employer accident experience, rules and underwriting standards to effectively handle inquiries.
 

OTHER FUNCTIONS:
1. Travel to various locations to support business objectives whenever necessary.
2.    Nonessential function: other duties as assigned.

KNOWLEDGE, SKILLS AND ABILITIES:
•    Bachelor’s degree from an accredited college or university is preferred (business administration, finance, economics, insurance, accounting, risk management, engineering, actuarial science or other business-related areas strongly preferred).
•    Demonstrated professional or insurance experience may substitute for educational requirements.
•    Working knowledge of technology applications and ability to support business functions.
•    Solid communication and presentation skills.
•    Ability to interact in a team environment and to collaborate with other busin