Underwriting Trainee

By innovating the connection of risk and capital, Velocity Risk delivers specialty property insurance in catastrophe prone communities. Embracing Nature’s volatility and turning “problems” into potential, we are transforming old insurance practices. Our uncommon approach to business creates uncommon careers where employees are empowered to flourish.

Are you someone looking for a role that will challenge you to step outside your comfort zone? Are you looking to join an innovative, collaborative team environment that allows you to learn from others and grow in your career? If you, you are just the type of person that will fit into our distinctive culture.

As an Underwriting Trainee, you will be joining the Middle Market Underwriting team on an accelerated underwriting path. You will bring your insurance background and/or prior educational experience to assist the Underwriters in analyzing and underwriting their book of business through day-to-day servicing and processing of new and renewal business accounts. You will quickly learn and gain an understanding of what it takes to create a diverse and profitable book of business to move into the next level of Underwriting.

You will thrive in this position if you have these core capabilities…

• Communication – able to communicate effectively with clear messaging.
• High attention to Detail – focused and attentive to correct data and pinpointing any inaccurate information quickly and efficiently.
• Highly organized and prioritized – systematic record keeping skills and able to recognize time sensitivity and adapt accordingly.
• Multi-tasking – nimble and flexible with the ability to pivot between tasks and projects.
• Business acumen – ability to understand business and information and apply it to results/work.
• Autonomous – self-motivated to drive forward tasks and initiatives.
• Underwriting Knowledge – A foundation of underwriting knowledge to build upon, preferably commercial property but general insurance can apply

The core responsibilities for this role are…

• Under the direction of an Underwriter, processes quotes, binders and endorsements
• Follows up with broker on outstanding subjectivities and inspection contact information
• Review, finalize and issue drafted policies
• Set up account files and pre-underwriter renewal business
• Processes BORs
• Maintains Underwriting files by ensuring that all relevant documents are included and adhering to naming conventions
• Processes non-renewals and cancellation letters
• Assists with special projects

Demonstrated Experience for success in this role…

• Bachelor’s degree (Risk Management or similar) or equivalent industry experience through internships or P&C work exposure required
• Proficiency in Microsoft suite (Excel, Word, PowerPoint, Outlook)

Velocity Risk provides equal opportunity to everyone, and we do not tolerate discrimination or harassment to anyone.

We strive to ensure our employees have the best experience possible We provide comprehensive and competitive benefits packs for our full-time employees.

• Medical, Dental, and Vision fully subsidized by Velocity
• Health Savings Account with employer contributions
• 401k after 6 months of employment
• Education and Certification Reimbursement and Bonus programs
• Paid Time off and company Holidays with floating holidays for flexibility
• Gym membership reimbursements
• Volunteer rewards and “give-back” initiatives
• In-office lunch provided