Katapult Network - MN
  • Minneapolis, MN, USA
  • $35,000-45,000
  • Salary
  • Full Time

Full Health, Dental, 401k with company match


We are currently recruiting an entry-level Underwriter Trainee. The Underwriter Trainee will gain significant exposure to the role through assisting senior underwriters and upper management. This is a great position for someone with an interest in the analytical side of insurance.

Responsibilities

  • Work with experienced underwriters to learn critical underwriting skills such as the process of gathering and assessing critical financial and operational information in order to give a clear evaluation to given clients
  • Execute underwriting process within the scope of business process controls
  • Develop and submit underwriting transfers to appropriate management teams
  • Calculate, classify, and rate risk to define suitability, coverage, and pricing  
  • Analyze key metrics with regard to business hit ratio, renewal retention ratio, premium growth, and loss ratio
  • Assist with preparing structured financial reports and market analysis
  • Assist with examining, recording, and presenting complex product and compliance issues
  • Maintain and support effective relationships with clients and provide consultation when necessary
  • Underwrite and price new renewal business, and present quotes to the business partners
  • Conduct internal financial reports while working on specific team projects and supporting entire department

Transferable Skills Needed

  • Communication - express ideas clearly in both written and verbal correspondence, listen effectively, and share information appropriately with persons inside and outside the organization
  • Analytical thinking - approach ideas or tasks by considering all the individual parts and their relationship with one another and using logic to create a final product or concept
  • Number Facility - comfortable with numbers and able to add, subtract, multiply, or divide quickly and correctly
  • Self-motivated - work autonomously to set and achieve targeted goals
  • Persistent - aggressively seek personal growth and hit metric goals, even in the face of opposition. Take calculated risks to ensure completion of assigned tasks

Requirements

  • Bachelor's degree

Katapult Network is designed to help college graduates with zero to two years of professional experience find their next professional career opportunity. We focus on helping recent college graduates, with no experience, get access to full-time, entry-level opportunities with some of Minnesota's top employers. Our clients include ground-breaking start-up companies and well established billion dollar organizations who want to find their next generation of talent.

Katapult Network - MN
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