Address
Form of work
SalaryDivision or Field Office:
Underwriting Division
Department of Position:
Underwriting NE Dept
Work from:
Corporate Office, Erie PA
Salary Range:
$48,371.00 - $77,269.00 *
salary range is for this level and may vary based on actual level of role hired for
- This range represents a national range and the actual salary will depend on several factors including the scope and complexity of the role and the skills, education, training, credentials, location, and experience of an applicant, as well as level of role for which the successful candidate is hired. Position may be eligible for an annual bonus payment.
This posting will be available until Friday April 5th at 11:59 p.m. There are multiple trainee positions available. Applicants that are selected to move to the next steps of the process will be contacted by April 12th. All applicants will receive updates as soon as they are available. For organizational planning purposes, the target start date for this training program will be in mid-July 2024.
Our Underwriters work in our corporate office located in Erie, PA! A generous relocation package is available for candidates not local to the Erie, PA area!
At Erie Insurance, you’re not just part of a Fortune 500 company; you’re also a valued member of a diverse and inclusive team that includes more than 6,000 employees and over 13,000 independent agencies. Our Employees work in the Home Office complex located in Erie, PA, and in our Field Offices that span 12 states and the District of Columbia.
Benefits That Go Beyond The Basics
Benefits That Go Beyond The Basics
We strive to be Above all in Service® to our customers—and to our employees. That’s why Erie Insurance offers you an exceptional benefits package, including:
- Premier health, prescription, dental, and vision benefits for you and your dependents. Coverage begins your first day of work.
- Low contributions to medical and prescription premiums. We currently pay up to 97% of employees’ monthly premium costs.
- Pension. We are one of only 13 Fortune 500 companies to offer a traditional pension plan. Full-time employees are vested after five years of service.
- 401(k) with up to 4% contribution match. The 401(k) is offered in addition to the pension.
- Paid time off. Paid vacation, personal days, sick days, bereavement days and parental leave.
- Career development. Including a tuition reimbursement program for higher education and industry designations.
Additional benefits that include company-paid basic life insurance; short-and long-term disability insurance; orthodontic coverage for children and adults; adoption assistance; fertility and infertility coverage; well-being programs; paid volunteer hours for service to your community; and dollar-for-dollar matching of your charitable gifts each year.
UNDERWRITING PROGRAM
We are hiring high-potential candidates to join our training program as full-time Employees with an anticipated start date in mid-July 2024. Our enhanced five-month training program prepares candidates for a career in Underwriting, handling both personal (auto, home) and commercial (business) lines of business. Our recent graduates reported that the program successfully laid a strong foundation for their future success. Insurance underwriters are “gatekeepers” who ultimately decide which risks Erie Insurance and its Agents should accept and retain. It’s a job that is vital to our company’s success, and we are excited to now offer consolidated commercial and personal lines training. Our Underwriters are based out of our corporate office in Erie, PA and includes exposure to Senior & Executive Leadership to network and develop the necessary skills and knowledge to succeed.
WHO SHOULD APPLY?
There is typically no straight path to becoming an underwriter. This program gives interested individuals comprehensive training to successfully prepare them for the role. Candidates should ideally have a college degree; a background in insurance is helpful, but not required. We are seeking a diverse slate of exceptional candidates who have strong decision making, relationship building, communication and research skills.
PROGRAM DETAILS
As a full-time employee, you will complete a five-month Underwriting Training Program designed to give Trainees a bird’s eye view of the job. It includes both classroom time and hands-on training with Underwriters. Each Trainee is also assigned a formal mentor to shadow. After the Trainees graduate from the program, they become Underwriters, are integrated into the division based on workload need and will continue to help and shadow current Underwriters. When ready, Trainees receive their assigned territory and Agents with whom they will regularly service.
A REWARDING FUTURE
As frontline decision makers, Underwriters have significant potential to impact ERIE’s bottom line. They also have many opportunities for professional growth. You can progress from Underwriter I to levels II, Senior and Consultant. You can also consider supervisory or management positions or use your skills in another area of the company.
We are hiring high-potential candidates to join our training program as full-time Employees with an anticipated start date in mid-July 2024. Our enhanced five-month training program prepares candidates for a career in Underwriting, handling both personal (auto, home) and commercial (business) lines of business. Our recent graduates reported that the program successfully laid a strong foundation for their future success. Insurance underwriters are “gatekeepers” who ultimately decide which risks Erie Insurance and its Agents should accept and retain. It’s a job that is vital to our company’s success, and we are excited to now offer consolidated commercial and personal lines training. Our Underwriters are based out of our corporate office in Erie, PA and includes exposure to Senior & Executive Leadership to network and develop the necessary skills and knowledge to succeed.
WHO SHOULD APPLY?
There is typically no straight path to becoming an underwriter. This program gives interested individuals comprehensive training to successfully prepare them for the role. Candidates should ideally have a college degree; a background in insurance is helpful, but not required. We are seeking a diverse slate of exceptional candidates who have strong decision making, relationship building, communication and research skills.
PROGRAM DETAILS
As a full-time employee, you will complete a five-month Underwriting Training Program designed to give Trainees a bird’s eye view of the job. It includes both classroom time and hands-on training with Underwriters. Each Trainee is also assigned a formal mentor to shadow. After the Trainees graduate from the program, they become Underwriters, are integrated into the division based on workload need and will continue to help and shadow current Underwriters. When ready, Trainees receive their assigned territory and Agents with whom they will regularly service.
A REWARDING FUTURE
As frontline decision makers, Underwriters have significant potential to impact ERIE’s bottom line. They also have many opportunities for professional growth. You can progress from Underwriter I to levels II, Senior and Consultant. You can also consider supervisory or management positions or use your skills in another area of the company.
Position Summary
- The Hiring rate for this position is $51,512.40/year while in the trainee program. Special consideration may be given in regards to salary for experience in the field.
Participates in an underwriting training program. Learns and performs underwriting/reunderwriting functions within level of authority, which appraise and select risks the company will insure. Reviews Policyholder's records to determine continued acceptability and adequate rates. Matures interpersonal skills to assist with ensuring Agents understand and adhere to company's underwriting philosophy and service to Policyholders.
Duties and Responsibilities
Under the guidance of a mentor or trainer, develops the competency to analyze individual accounts, portfolio experience, and begins to apply product knowledge and acquired skills to perform underwriting tasks. Tasks may include, but are not limited to: reviewing change requests, evaluate audits, inspections and renewal records to verify continued acceptability, rate adequacy, and possible coverage modification within level of authority. Reviews Policyholder files and records to verify original and continued acceptability and ensure adequate rates. Reviews risk and claim reports and determines appropriate actions, including modifying risks or terminating coverage in accordance with level of authority.
Corresponds, develops, and maintains working relationships with Agents, ERIE sales force and other departments through meetings, phone contact and email. Travels to field offices and attends meetings as required to learn to establish rapport with agents and develop knowledge of ERIE’s territories.
Under the guidance of a mentor or trainer, demonstrates aptitude for acting as a resource and communicates with Agents and staff on a regular basis to answer questions and discuss risks. Communicates with branch staff regarding Agent issues or concerns. Advises manager of issues or concerns.
The first 2 duties listed are the functions identified as essential to the job. Essential functions are those job duties that must be performed in order for the job to be accomplished.
This position description in no way states or implies that these are the only duties to be performed by the incumbent. Employees are required to follow any other job-related instruction and to perform any other duties as requested by their supervisor, or as become evident.
Competencies
Values Diversity
Nimble Learning
Self-Development
Collaborates
Customer Focus
Cultivates Innovation
Instills Trust
Optimizes Work Processes
Ensures Accountability
Decision Quality
Qualifications
Minimum education and experience requirements:
Bachelor's degree required; or
Associates degree and two years related experience required; or
High school diploma, or GED, and four years related experience required; or
High school diploma, or GED, and successful completion of CPCU, CIC or PLCS designation required
Willingness to enroll in and complete the General Insurance Program (INS 21, 22, 23) or related insurance program required.
Working knowledge of spreadsheet, word processing and email software required.
Occasional travel required.
Physical Requirements
Lifting/Moving 0-20 lbs; Occasional (<20%)
Lifting/Moving 20-50 lbs; Occasional (<20%)
Ability to move over 50 lbs using lifting aide equipment; Occasional (<20%)
Driving; Rarely
Pushing/Pulling/moving objects, equipment with wheels; Occasional (<20%)
Manual Keying/Data Entry/inputting information/computer use; Often (20-50%)
Climbing/accessing heights; Rarely
Nearest Major Market: Erie
