Underwriter Trainee Location Name AZ, Scottsdale - 7233 E Butherus Drive ID 2024-11272 Date Posted 2 months ago(10/8/2024 10:47 AM) Company Verus Specialty Insurance Primary Location US-AZ-Scottsdale Category Underwriting Company Details

 

Verus Specialty Insurance is an Excess and Surplus Lines provider writing business countrywide, a member of W.R. Berkley Corporate (NYSE: WRB), one of the largest property casualty insurance holding companies in the United States.  The resources and strength of a Fortune 500 company back us and we operate with the flexibility and closeness of a small underwriting company.  As such, Verus Specialty Insurance operates through a group of wholesale producers nationwide.  

 

Our leadership encourages a culture that empowers employees to question the status quo and seek innovative ways to continue to exceed the expectations of our customers. We believe our strength comes from building an exceptional team that embraces collaboration, growth and ownership. If you share our vision and want to work for an organization that values your contributions, we want to hear from you!

 

The Company is an equal employment opportunity employer.

 

https://www.verusins.com/

Responsibilities

The Verus Trainee role is an entry level position within insurance underwriting.  This role is focused on teaching the underwriting practices and the application to build and grow the Verus business. In this role, trainees will participate in formal or on-the-job training, developing a working knowledge of product language, underwriting practices, policies and guidelines.  This position has a defined career path and is a great first step in the insurance industry.

 

Industry/Practice/Knowledge

Links line of business policies and practices to company strategiesIdentifies and acts on opportunities to share knowledge with clients and customersNetworks with peers and outside resources to exchange ideas and information

Product Skills

Compares company coverages to competitors and differentiates our company from othersIdentifies new product opportunitiesExplains company service capability and applies to specific client needs, including coordination of standard service delivery to customers

Book Management/Pricing Skills

Applies standard pricing to exposuresApplies individual loss and expense factors, when applicableUtilizes internal information systems to measure resultsAnalyzes and evaluates impact of producer performance on assigned bookApplies key expense components, influencing controllable elements according to plans and strategiesIdentifies and evaluates influence of competitor strategies in local territory or line of business and its effects on the company’s business

Consulting

Provides appropriate input for written premium and expense budget planningOffers creative solutions that contribute to the achievement of business results

Risk Selection

Applies underwriting strategies and standards to pre-qualify risk acceptabilityIdentifies and assesses exposures for each riskPerforms detail analysis utilizing appropriate information (exposure/rate/financial & loss) to determine account acceptability, taking customer needs into considerationAssesses rate adequacy relative to exposure

Client Management

Identifies clients' needs and recommends solutionsHandles or refers as appropriate cross selling opportunitiesNegotiates standard coverage issues, closes sale, and gauges customer satisfactionIdentifies and accesses basic underwriting/service resources and associated cost benefitDemonstrates knowledge of competitors products, strategies, strengths, weaknesses, position within agencies/in marketplace, financial pictureDevelops and pursues prospective clientsFollows-up on prospective and incumbent clients' needs Qualifications

Verus operates in a fast-paced environment that requires the ability to manage multiple, complex assignments and competing priorities. Candidates must be comfortable working in an ambiguous and dynamic environment.

 

Strong oral/written communication skills, displaying a positive attitude Detail-oriented person with initiative and ability to work in fast-paced team environmentExcellent communication and interpersonal skillsAbility to work independently as well as part of a teamComputer literate including use of Word, Excel and various project management toolsFlexible and open to change and enhancements to help evolving in a competitive marketAdaptive to adjusting priorities and/or work on multiple tasksStrong sense of ownership and accountability as a result of being highly motivated High school diploma or equivalent; college course work or degree preferred Additional Company Details We do not accept any unsolicited resumes from external recruiting agencies or firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees.

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. Sponsorship Details Sponsorship not Offered for this Role Connect With Us! Not ready to apply? Connect with us for general consideration.