Underwriting Career Path Trainee Program

Job Description

Trainee (Business Development/Underwriting) | Accident Fund Insurance Company of America

The Tone:
This is a full-time trainee program at Accident Fund Insurance Company of America, located in Lansing, MI. Accident Fund is a leading workers’ compensation and commercial insurer. This program is designed to launch ambitious careers by providing hands-on training and mentorship in underwriting, risk evaluation, and agency relationship management. Participants will contribute to profitable business growth while developing essential industry knowledge and skills.

The TL;DR
• Role: Trainee Program
• Type: Full-time
• Location: In-person, Lansing, MI
• Pay: $49300–$69600 yearly
• Mission: To develop ambitious graduates into skilled underwriters who assess risk, develop pricing solutions, and support agency relationships for profitable business growth.

What You’ll Actually Do
• Undergo comprehensive training and development to learn underwriting skills and competencies, including the use of systems and software.
• Calculate, prepare, and develop premium quotations using corporate underwriting guidelines within a letter of authority.
• Determine underwriting eligibility for prospective policyholders and develop appropriate pricing for new business, renewals, and endorsements.
• Support agency relationships, develop new business, and retain existing business within a given territory or region.
• Analyze accounts to determine exposure and proper pricing, and review loss trends to develop action plans for problem areas.

The Must-Haves
• Background: Bachelor’s degree in a related field is required. This is an entry-level position.
• Experience: No prior experience is required with the proper education. One year of relevant experience in an insurance environment or knowledge of workers’ compensation or commercial insurance is desired.
• Skills: Ability to make efficient and effective decisions, basic knowledge of the workers’ compensation industry, strong interpersonal skills, ability to self-motivate and work independently, excellent oral and written communication skills.
• Bonus: An Associate’s degree in a related field combined with a certification (such as ARM, CPCU, AU) is an acceptable alternative to a Bachelor’s degree. Continuous learning and progress toward certification are highly preferred.