Underwriting Trainee - Renewable Energy (Hybrid) in , us
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Our employees are at the heart of what we do: helping people, businesses and society prosper in good times and be resilient in bad times. When you join our team, you are bringing this purpose to life alongside a passionate community.
Feel empowered to learn and grow while being valued for who you are. At Intact, we commit to supporting you in reaching your goals with tools, opportunities, and flexibility. It's our promise to you.
Who we are
At Intact Insurance Specialty Solutions, we are experts at what we do in protecting what makes businesses unique. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that's aligned to our targeted customer groups.
Intact's Global Specialty Lines business spans across more than 20 verticals in four distinct markets: U.S., Canada, UK and Europe. The following opportunity is for our U.S. team.
The opportunity
We currently have an opportunity for an Underwriter Trainee to join our Renewable Energy team based in our New York City, NY or Plymouth, MN office on a hybrid schedule. Development-oriented role for a motivated professional looking to grow with a new but highly-experienced underwriting team. Engages in a hands-on training program that provides knowledge and exposure to the fundamental theories, principles and concepts of insurance, underwriting, and renewable energy. Develops skills that contribute to technical support, underwriting and risk evaluation, and service to assigned producers on accounts. Includes assignments of low-to-moderate complexity such as gathering key account details, setting up underwriting models, and authorizing renewals and endorsements under close supervision and in conjunction with experienced underwriters. Some of the Underwriter Trainee responsibilities include but are not limited to:
Assists in the functions of the underwriting department. Observes, questions and develops an understanding of the operations within the department as well as within the company in order to learn the principles of insurance and underwriting.
Assists in the workflow process by gathering and organizing key account details, setting up underwriting tools and models, and liaising with risk control and cat modeling teams with, and under the guidance of, more senior underwriters. Processes routine endorsements on accounts while developing knowledge of the coverage therein.
Develops an increasing understanding of the renewable energy industry, technical risk evaluation, Catastrophe assessment and modeling, key terms and conditions, and policy .
Position will evolve to include additional responsibilities such as: directly servicing a book of business under close direction within defined authority limits, documenting underwriting files, and working with producers to develop all necessary account information for risk evaluation.
Assists producers with basic questions on products and coverage.
Begins to develop agency relationships. Travels with underwriters on agency visits to observe selling and marketing techniques.
Performs basic portfolio analysis and makes recommendations to underwriters.
The expertise you bring
Bachelor's degree required, with an emphasis in business, insurance, engineering, or renewable energy.
0-2 years of experience in insurance, engineering, or a renewable energy-related field.
Our salary ranges are determined by many factors including location, role, experience, and skillset of the candidate. The following ranges displayed reflect the target base salary for new hires, but your recruiter will share more specific compensation information with you during the hiring process. The typical base salary range for this position is: $59,000 - $83,000, based on the factors aforementioned. For candidates located in San Francisco, CA and the New York City metro area, the base salary range is $74,000 -$87,000. In addition to base salary, full time Intact employees are also eligible for bonus potential and a full range of benefits to include but not limited to:
Comprehensive medical, dental and vision insurance with no waiting period
Competitive paid time off programs
401(k) savings and annual contributions of up to 12% of annual salary
Mental health support programs, life and insurance, paid parental leave and a variety of additional voluntary benefits
This position will remain posted until a final candidate is selected. Once the role is filled, this job posting will be removed.
Why choose Intact
We live our Values:
We are committed to acting with the highest of ethical standards through our five core values: integrity, respect, customer driven, excellence and social responsibility.
Our commitment to :
Founded in our values, we see as a strength and aspire to create an environment where everyone can be themselves, grow and succeed. Together, we will stand up for what's right to build an inclusive society.
Manage your Time:
What you accomplish matters more than hours in the office. We are committed to creating a positive and supportive environment in which you perform your best. Our Time-Off and Flexible Work Arrangement options help foster a healthy work-life balance.
Check out our Glassdoor reviews to see why people love working for Intact!
Our promise to you
Our Values are foundational to our success at Intact. You'll make a difference every day when you live our Values, do your best work, are open to change, and invest in yourself.
In return, we promise you support, opportunities, and performance-led financial rewards in a flexible work environment where you can:
Shape the future:
Help us lead an insurance transformation to better protect people, businesses and society.
Win as a team:
Collaborate with inspiring people to do your best work every day and together, stand up for what is right.
Grow with us:
Refresh and reinvent your skills, learn from our diverse teams, lift others up, and grow.
About Intact
At Intact Insurance Specialty Solutions we are experts at what we do. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that's aligned to our targeted customer groups. Today, we help protect over a dozen industries with tailored coverages and services.
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Equal Opportunity Employer
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