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Underwriting Careers at Industry Leaders

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Production Underwriter Trainee - Lake Mary, FL

Great American Insurance Group

Great American Insurance Group

Marketing & Communications
Lake Mary, FL, USA
Posted on Wednesday, July 3, 2024

Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.

At Great American, we value diversity and recognize the benefits gained when people from different cultures, backgrounds and experiences work collaboratively to achieve business results. We are intentionally focused on fostering an inclusive culture and know valuing diversity is an essential leadership quality. Our goal is to create a workplace where all employees feel included, empowered and enabled to perform at their best.

Great American has been insuring ocean-related businesses since 1962. For over 50 years, Great American has responded to the special needs of marine-based businesses by developing one of the most extensive selections of Ocean Marine insurance products available from a single carrier. That means the right coverage for every business, from a small resort marina to an ocean-going cargo ship.

The Ocean Marine Division's specialized focus enables it to support select customer groups with distinctive offerings like Vessel Pollution Liability coverage ­­­and a comprehensive suite of coverages for marina operators and boat dealers as well as logistics companies and commercial vessel operators.​

Our Ocean Marine division is looking for a Production Underwriter Trainee to join the underwriting team in Lake Mary, FL. During this 1-year training program, participants will develop the fundamental skills required of an Ocean Marine underwriter and learn to review and evaluate Marine risks. They will work closely with experienced underwriters, managers, and experts within the Ocean Marine division to learn underwriting skills.

Training includes the following:

  • Participates in/performs activities related to risk selection/rejection, pricing, retention, growth, and profitability per divisional objectives.
    • Learns to use independent judgment and initiative to support business goals.
    • Learns to maintain a high level of customer service.
    • Learns to analyze coverage and limit requests and to decide what terms to offer.
    • Learns to price business in accordance with company guidelines.
    • Learns to assess risk quality and compliance within company guidelines and to initiate appropriate loss prevention actions.
  • Learns to order and screen miscellaneous reports needed in the rating and underwriting processes, such as Motor Vehicle reports, loss history reports, credit checks, outside inspections, loss control, etc.
  • Learns to develop and maintain effective business relationships with internal and external customers/coworkers to attract and retain profitable business.
  • Participates in visiting agents, brokers, and producers with a more senior underwriter and learns to retain existing accounts, build and maintain business relationships, and develop new opportunities in support of divisional objectives.
    • Learns to interpret, explain, and market products and services.
  • Learns to apply underwriting rules and guidelines, rating manual rules, and insurance laws and regulations.
  • Successfully completes all coursework/education as assigned.
  • Performs other duties as assigned.

The training is a combination of reading assignments and discussions, as well as on the job training including live interaction with agents, contractors, and team members. Data entry, manipulation, retrieval, and interpretation are also part of the training. Besides developing strong analytical skills, the training will improve oral and written communication to maximize personal success.

Job Requirements

Education: Bachelor’s Degree or equivalent experience.

Field of Study: Liberal Arts, Business or a related discipline.

Experience: Part of a formal training program. Generally, 0 to 6 months of experience.

Ocean Marine background is a plus but not a prerequisite.

Business Unit:

Ocean Marine

Benefits:

We offer competitive healthcare, retirement, and paid time off benefits for full-time and part-time benefit eligible employees.