Underwriting Trainee
North Kingstown, RI
Full Time
Entry Level
Who we are:
Join the Falvey Insurance Group Family Specializing in solutions for cargo, supply chain, logistics and transportation; as well as pride ourselves in World-Class customer Service.
At Falvey, being a part of the family has nothing to do with your last name.
As a family-owned business, tight knit values are central within our organization and remain strong despite our growth to 200+ employees. We encourage one another, celebrate each other's successes and genuinely care about each other. Employee recognition, career development plans, and internal events are at the heart of our organization.
Job Summary:
We are seeking motivated and detail-oriented individuals to join our team for a one-year underwriting trainee program. This entry-level position provides an excellent opportunity for recent graduates or individuals looking to start a career in underwriting. As a trainee, you will receive comprehensive training on risk assessment, policy evaluation, and underwriting principles to develop the skills needed to make informed decisions on insurance applications.
Key Responsibilities:
Participate in structured training programs to learn:
Join the Falvey Insurance Group Family Specializing in solutions for cargo, supply chain, logistics and transportation; as well as pride ourselves in World-Class customer Service.
At Falvey, being a part of the family has nothing to do with your last name.
As a family-owned business, tight knit values are central within our organization and remain strong despite our growth to 200+ employees. We encourage one another, celebrate each other's successes and genuinely care about each other. Employee recognition, career development plans, and internal events are at the heart of our organization.
Job Summary:
We are seeking motivated and detail-oriented individuals to join our team for a one-year underwriting trainee program. This entry-level position provides an excellent opportunity for recent graduates or individuals looking to start a career in underwriting. As a trainee, you will receive comprehensive training on risk assessment, policy evaluation, and underwriting principles to develop the skills needed to make informed decisions on insurance applications.
Key Responsibilities:
Participate in structured training programs to learn:
- Insurance fundamentals
- General underwriting principles, guidelines, and procedures.
- Learn and apply company policies, industry regulations, and compliance standards.
- Develop an understanding of different insurance products and market trends.
- Collaborate with various departments to ensure seamless underwriting operations.
- Assist underwriters in evaluating insurance applications, financial documents, and risk factors.
- Analyze data to determine policy eligibility, coverage amounts, and pricing.
- Work closely with senior underwriters, agents, and clients to gather necessary information.
- Support the preparation of reports and documentation for underwriting decisions.
- Assist in reviewing and processing policy renewals and endorsements.
- Bachelor’s degree in finance, business, insurance, risk management, or a related field preferred.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal abilities.
- Detail-oriented with strong organizational skills.
- Proficiency in Microsoft Office Suite (Excel, Word, Outlook).
- Ability to learn quickly and adapt to a fast-paced environment.
- Prior internship or work experience in insurance, finance, or a related field is a plus but not required.
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