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New Mexico Mutual
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Underwriting Intern
New Mexico Mutual Albuquerque, NM
$59k-75k (estimate)
Intern | Insurance Just Posted
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New Mexico Mutual is Hiring an Underwriting Intern Near Albuquerque, NM

DescriptionJob Title: Underwriting Intern Department: Underwriting Reports to: Underwriting Manager $20/hr.Position SummaryThe Underwriting Intern will learn about workers’ compensation insurance and the fundamentals of the underwriting function. Key concepts include learning how underwriters assess employers’ operations and hazards to accurately and competitively develop appropriate premium. The Underwriting Intern will utilize
training, our underwriting guidelines, and predictive analytics tools to evaluate and service policies, answer customer questions, issue endorsements, and build and maintain relationships with our policyholders and agent partners.
Essential Functions
  • Evaluates accounts to determine risk selection within authority level
  • Determine account pricing, terms and conditions in accordance with industry regulations
  • Appropriately select risk based on the organizations underwriting risk appetite
  • Document justification for underwriting direction
  • Obtain and organize relevant underwriting information
  • Review and process renewal policies within given authority level
  • Review and process endorsements
  • Review and process cancellations and re-writes
  • Provide timely and professional communication to customers
  • Perform business sector review by agency, size of policy, class code, and region to report on
  • profitability, growth opportunities, and predictive model performance
RequirementsEducation:Pursuing a bachelor’s or master’s degree.
Experience
  • You’re highly motivated and you work well in a close-knit, collaborative environment.
  • You know how to use information technology, data and other resources to identify solutions and innovations.
Required Skills/Abilities
  • Highly motivated individuals that work well in a team environment.
  • Think strategically and critically.
  • Leverage information technology, data and other resources to identify solutions and innovations.
  • Hold a strong desire and curiosity to learn the insurance business.
  • Demonstrate and develop excellent written, verbal and interpersonal communication and professional skills.
  • Are compatible with New Mexico Mutual's Corporate Values.
Specialized Knowledge, Licenses, Etc.
  • Demonstrated proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)
Values And MissionAdheres to New Mexico Mutual’s values and mission by demonstrating Service Excellence, Trust, Ownership, One Team and Boldness in thought and action.
Positive AttitudeDevelops and maintains positive working relationships with team members, customers, coworkers and
Management by demonstrating effective communication and collaborative skills.

Job Summary

JOB TYPE

Intern

INDUSTRY

Insurance

SALARY

$59k-75k (estimate)

POST DATE

06/07/2024

EXPIRATION DATE

07/02/2024

WEBSITE

nmmcc.com

HEADQUARTERS

ALBUQUERQUE, NM

SIZE

100 - 200

FOUNDED

1991

TYPE

Private

CEO

CHRIS KRAHLING

REVENUE

$10M - $50M

INDUSTRY

Insurance

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The following is the career advancement route for Underwriting Intern positions, which can be used as a reference in future career path planning. As an Underwriting Intern, it can be promoted into senior positions as a Health Underwriting Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Underwriting Intern. You can explore the career advancement for an Underwriting Intern below and select your interested title to get hiring information.