Underwriting Trainee

Underwriting Trainee

National Interstate is a member of Great American Insurance Group. As one of the leading commercial transportation insurers in the nation, we offer risk financing solutions in all 50 states tailored to meet the needs of a wide variety of transportation classes. Our offerings include traditional insurance and innovative alternative risk transfer (ART) programs, including more than a dozen group captive programs catering to niche wheels markets. We are proud to be a multiple Northcoast 99 winner and Cleveland Plain Dealer Top Workplace in Northeast Ohio. It is because of our talented and dedicated team that we are able to live out our company values of integrity, transparency, fairness, accountability, empowerment and collaboration with each transaction we make. If you are ready to join an engaging and driven team such as ours, we would love to hear from you!

At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best.

Since 1989, National Interstate has specialized in serving the insurance needs of the wheels-based transportation industry. Our steadfast focus on developing niche expertise in product design, loss control and claim services has made National Interstate one of the most respected names in commercial transportation insurance today.

National Interstate is looking for an Underwriting Trainee to join their team. This individual will work hybrid from our Richfield, Ohio office.

Essential Job Functions and Responsibilities

• Learns to evaluate and underwrite new and renewal business in accordance with Company underwriting guidelines and risk appetite.
• Learns to analyze risk information to make informed decisions on coverage, pricing, and terms.
• Participates in collaborating with actuaries, agents, brokers, and clients to obtain necessary information and clarify details.
• Assists with ordering additional reports and screens, such as motor vehicle reports, loss history reports, outside inspections, etc., to inform decisions.
• Learns how to document underwriting decisions in compliance with state and federal insurance regulations.
• Assists with evaluating existing policies for potential renewal or modification.
• Participates in communicating underwriting decisions clearly and effectively to internal teams, agents, and brokers.
• Develops knowledge of industry trends, regulatory changes, and market conditions.
• Develops effective business relationships with internal and external customers / coworkers in order to attract and retain profitable business.
• Learns to interpret, explain, and market products and services.
• Performs other duties as assigned.

Job Requirements

Education : Bachelor's Degree in Business, Finance, Economics, Risk Management and Insurance, or a related field or equivalent experience.

Scope of Job / Qualifications : Typically participates in a formal training program for 6 months to a year. Performs work under close supervision and technical direction. Works on assignments of low to moderate technical and logistical complexity. Demonstrates basic analytical, risk assessment, and problem-solving abilities. Develops and maintains knowledge of company policies and industry laws and regulations. Strong interpersonal, communication, and negotiation skills. Develops strong analytical skills and the ability to use data to analyze situations, identify problems, and develop effective solutions.

NIIC National Interstate Insurance Company

Benefits : Compensation varies by role, position level, and location. Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs. We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave / adoption assistance, and a 401(k) plan with company match. These benefits are available to eligible full-time and part-time employees.

Your recruiter can provide more details about our total rewards and specific compensation ranges during the hiring process.