Underwriting Trainee

Job Description

Underwriting Trainee, International | CNA Insurance

The Tone:
This is a full-time trainee position at CNA Insurance, located in hybrid Chicago, IL. CNA is an established insurance organization that provides hands-on experience and unique career opportunities. This role is crucial for developing future underwriting professionals who will select and price profitable risks, ensuring the company meets the evolving insurance needs of its clients.

The TL;DR
• Role: Trainee
• Type: Full-time
• Location: Hybrid Chicago, IL
• Pay: $35000–$65000 yearly
• Team: Collaborates with Underwriting, Risk Control, and Claim Consultants
• Mission: To learn to select and price profitable insurance risks and manage new and renewal business flow.

What You’ll Actually Do
• Receive foundational training: Acquire core knowledge in insurance fundamentals, underwriting, professional development, and sales/marketing techniques.
• Develop industry expertise: Engage in specialized technical training and gain a comprehensive understanding of various lines of business and industry segments.
• Assess and price risks: Learn to evaluate potential insurance risks by analyzing relevant data, contributing to decisions on acceptance or decline, and determining appropriate pricing.
• Support business growth: Assist in managing the flow of new and renewal business, contributing to the financial health of the portfolio.
• Collaborate across functions: Work with enterprise-wide support functions and interact with senior leadership to understand broader business operations.

The Must-Haves
• Background: Bachelor’s degree with a minimum 3.0 GPA strongly preferred; equivalent experience considered. This is an entry-level position.
• Experience: Commitment to develop knowledge and understanding of underwriting. Must be legally authorized to work in the United States without sponsorship now or in the future.
• Skills: Strong sales aptitude, effective analytical and problem-solving skills, good verbal and written communication skills, rapid learning ability, and excellent interpersonal skills, including the ability to influence, overcome obstacles, and develop positive business relationships.