Underwriting Trainee

Posted 19 Days Ago
Be an Early Applicant
North Kingstown, RI
Entry level
Insurance
The Role
This position is an entry-level underwriting trainee program focusing on risk assessment, policy evaluation, and fundamental underwriting principles over a one-year training period.
Summary Generated by Built In

Who we are:
Join the Falvey Insurance Group Family Specializing in solutions for cargo, supply chain, logistics and transportation; as well as pride ourselves in World-Class customer Service.
At Falvey, being a part of the family has nothing to do with your last name. 
As a family-owned business, tight knit values are central within our organization and remain strong despite our growth to 200+ employees. We encourage one another, celebrate each other's successes and genuinely care about each other. Employee recognition, career development plans, and internal events are at the heart of our organization. 
Job Summary:
We are seeking motivated and detail-oriented individuals to join our team for a one-year underwriting trainee program. This entry-level position provides an excellent opportunity for recent graduates or individuals looking to start a career in underwriting. As a trainee, you will receive comprehensive training on risk assessment, policy evaluation, and underwriting principles to develop the skills needed to make informed decisions on insurance applications.
Key Responsibilities:
Participate in structured training programs to learn:

  • Insurance fundamentals
  • General underwriting principles, guidelines, and procedures.
  • Learn and apply company policies, industry regulations, and compliance standards.
  • Develop an understanding of different insurance products and market trends.
  • Collaborate with various departments to ensure seamless underwriting operations.

Trainees will work within our various Underwriting disciplines on an 11-week rotating basis and will assist with the following:

  • Assist underwriters in evaluating insurance applications, financial documents, and risk factors.
  • Analyze data to determine policy eligibility, coverage amounts, and pricing.
  • Work closely with senior underwriters, agents, and clients to gather necessary information.
  • Support the preparation of reports and documentation for underwriting decisions.
  • Assist in reviewing and processing policy renewals and endorsements.

Qualifications:

  • Bachelor’s degree in finance, business, insurance, risk management, or a related field preferred.
  • Strong analytical and problem-solving skills.
  • Excellent communication and interpersonal abilities.
  • Detail-oriented with strong organizational skills.
  • Proficiency in Microsoft Office Suite (Excel, Word, Outlook).
  • Ability to learn quickly and adapt to a fast-paced environment.
  • Prior internship or work experience in insurance, finance, or a related field is a plus but not required.


 

Top Skills

Microsoft Office Suite
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The Company
North Kingstown, RI
147 Employees
On-site Workplace
Year Founded: 1995

What We Do

Falvey Insurance Group is one group with many solutions.

We specialize in solutions for cargo, supply chain, logistics, and transportation, including Marine Cargo, Stock Throughput, All-Risk Shipper’s Interest, Transportation & Logistics Liability, and Vessel Pollution Insurance. Plus, we provide expertise on a range of supplemental products such as Motor Truck Cargo, Product Recall, and Builder’s Risk through our wholesale division.

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