Underwriter & Management Trainee Job in Chicago 60670, Illinois Us
Underwriter Video
Length: 1:29 min
Underwriter Management Trainee
WHO WE ARE:
Burns Wilcox is a dynamic industry leader in the specialty insurance and brokerage business. With multiple sales offices located throughout the US, we are the largest specialty insurance wholesaler in North America.
Coastal property, the windmill powered farm, the famous pianist’s hands, the huge concert venue; these are just a few of the types of coverage that can be underwritten at Burns Wilcox. Our brand pillars exemplify our determination and creativity. Our employees are smart, broad, quick and agile. We always go the extra mile to meet the specialized needs of our agents and agencies.
We are recognized around the world for our underwriting and brokerage expertise in specialty lines, professional and commercial liability, and property and personal lines. Our employees feel part of an extended family, enjoying a strong team-oriented culture and a friendly working environment.
Burns Wilcox is committed to being at the forefront of the specialty insurance industry. Consistently profitable, Burns Wilcox has experienced significant growth over the last several years.
At Burns Wilcox, we value smart people, smart products, and smart solutions. We invite you to consider joining our winning team!
THE JOB OPPORTUNITY:
KAUFMAN EMERGING LEADERS PROGRAM (KELP):
Insurance, Leadership, Sales Underwriting Training Program
KELP, the cornerstone management training program for Burns Wilcox, is designed for young insurance professionals with leadership potential and the desire to succeed in a highly profitable sector of the insurance industry.
KELP participants are exposed to the breadth of products and services provided at Burns Wilcox through comprehensive training at the corporate headquarters, and a long-term placement at one of the thirty-eight offices nationwide.
Successful completion of the program includes achieving full underwriting authority.
Participants are selected through a multi-layered review process that includes resume review, recommendations, group assessments, and individual interviews.
WE OFFER THE SUCCESSFUL CANDIDATE THE OPPORTUNITY TO:
• Be part of the next generation of leaders at Burns Wilcox
• Participate in two-week training program at corporate headquarters
• Network with senior management and peer mentors
• Be placed in branch office to receive long-term training and ability to achieve full underwriting authority.
Once underwriting authority is achieved, KELP participants will:
• Underwrite new and renewal business for insurance company partners based on underwriting authority and contract guidelines
• Underwrite multi-line accounts for multiple classes of business
• Produce business in assigned territories
• Access the breadth of products and markets at Burns Wilcox
• Participate in a highly lucrative sales incentive plan
WE EXPECT THE SUCCESSFUL CANDIDATE TO:
• Be a team player
• Have excellent communication skills
• Be self-motivated
• Commit to three years of employment with Burns Wilcox
Once underwriting authority is achieved, KELP participants will:
• Evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing
• Apply appropriate quality underwriting and risk selection on quoted business
• Develop and submit underwriting referrals, where required, to company brokerage facilities and Burns Wilcox management
• Manage relationships with retail agents
• Develop and execute marketing plan to drive new business, including in-person visits, telemarketing and distribution of marketing materials
• Monitor key metrics, such as, new business hit ratio, renewal retention ratio, premium growth, and loss ratio, formulating corrective action where necessary
• Use cutting-edge technology to deliver high quality service to agents and agencies
• Mentor and train Assistant Underwriters, as needed
• Enter computer data of quotations, binders and related support documents
QUALIFICATIONS:
• Bachelor’s degree
• One to five years post graduate
• Minimum of one year internship/work experience in insurance or financial services industry
• Demonstrated leadership skills
COMPENSATION:
Competitive compensation and benefits package available to successful candidates.
Req. Code : 1504
Division/Department : Burns Wilcox