Home
/
Accounting and Finance
/
Underwriter
Underwriter-November 2024
Bloomington
Nov 2, 2024
ABOUT STATE FARM
State Farm helps customers protect the things that matter most to them.
10,000+ employees
Financial Services, Insurance
VIEW COMPANY PROFILE >>
About Underwriter

  Overview

  We are not just offering a job but a meaningful career! Come join our passionate team!

  As a Fortune 50 company, we hire the best employees to serve our customers, making us a leader in the insurance and financial services industry. State Farm embraces diversity and inclusion to ensure a workforce that is engaged, builds on the strengths and talents of all associates, and creates a Good Neighbor culture.

  We offer competitive benefits and pay with the potential for an annual financial award based on both individual and enterprise performance. Our employees have an opportunity to participate in volunteer events within the community and engage in a learning culture. We offer programs to assist with tuition reimbursement, professional designations, employee development, wellness initiatives, and more!

  Compensation Package Includes:

  Non-negotiable starting pay of $55,029.65/yearYou are also eligible for:

  An annual bonus based on individual and enterprise performanceAnnual merit increasesVisit our Careers page for more information on our benefits, locations and the process of joining the State Farm team!

  Please note: This position is open and intended to fill multiple start dates of March 18, April 15, and June 24, 2024

  Location: This position is open to candidates who live within 100 miles of Bloomington and in the state of IL.

  Responsibilities

  Who are we?

  In State Farm Underwriting, we champion profitable growth by providing quality customer interactions and products through simplified processes, technologies and the excellence of our people. When you join our team, you will execute on our underwriting philosophy and fundamentals to serve the evolving needs of our customers. Our Underwriters are committed to assisting our State Farm agents and their customers. Check out what it's like to be an Underwriter!

  Several of our teams are hiring, and you may be considered for multiple opportunities where your skills and qualifications align. Areas for consideration include, but are not limited to Business Lines Fire Production.

  Familiarity with company policies, forms, and endorsements is essential. All underwriters are expected to learn various insurance coverages and contracts along with company philosophy and procedures, in order to make underwriting decisions within authority. The overall responsibilities of an Underwriter are to:

  Analyze and review lines of business to develop recommendations and assist our agents with achieving a profitable book of business.Serve as a resource to our agents in support of company programs including loss mitigation, loss control, and marketing opportunities.Be responsible for proper pricing, placement, and termination of risk within assigned levels of authority as well as acceptance continuation.Communicate clearly and professionally through remarkable customer service skills.

  Production - Primary responsibility is processing applications and policy transactions electronically for new and existing business.

  Very production driven and fast paced.Standard work process listing all items that should be in a policy and making sure the policy is complete.Critical thinking, attention to detail, and detective type research work is required.Must be able to stay focused and be resourceful.Engage with customers to identify and address adverse situations.Review and process applications and/or policy changes according to established guidelines.Guide customers through navigating existing resources such as Rate Manuals, Underwriting Guidelines, Auto Answers, etc

  Training Details: Training is extensive. Mandatory paid training will take place 8:00am-4:30pm Monday-Friday. The length of training depends on the function in which you are placed and varies between 6-15 months in total duration. Limited time off will be granted during the training. Please ensure you are able to commit to the mandatory training before applying. Schedules during training are subject to change based on business need.

  Once training is completed, various work shifts apply depending on business need and the function where each employee is placed. Our team works in a shift environment between the hours of 7:00am-7:30pm Monday-Friday, and may include holidays based on workload and job requirements. Schedules may change based on business need and will require flexibility.

  Incumbency: Due to the extensive training, new team members are eligible for promotional opportunities after 12 months of service and 24 months for lateral opportunities.

  Work Environment: This is a hybrid role, meaning you will work from home most of the time with some time collaboratively in office. For a successful work environment, you will be asked to have a reliable source of internet for your time working at home.

  Qualifications

  Our Underwriters are flexible regarding placement into a specific line of business and must be able to successfully complete training in order to provide a remarkable customer experience by demonstrating the following skills:

  Analyze and review lines of business to develop recommendations and assist our agents with achieving a profitable book of businessServes as a resource to our agents in support of company programs including loss mitigation, loss control and marketing opportunitiesResponsible for proper pricing, placement and termination of risk within assigned levels of authority as well as acceptance continuationCommunicates clearly and professionally through remarkable customer service skillsHandles multiple computer applications while maintaining quality records in a fast-paced collaborative team environmentBachelor's degree is strongly preferred andThrives on accountability to your team, your work and your schedule!

Comments
Welcome to zdrecruit comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
SIMILAR JOBS
US Record to Report Senior Accountant
For more than 170 years, Pfizer has continuously worked to make a difference by delivering innovative therapies that improve the lives of our patients. By building a talented community of colleagues
VP, Financial Consultant - Charlottesville, VA
Salary: USD $65,000 - $110,000 / Year Your Opportunity Are you ready for a career worth owning? One that challenges the status quo? We want you to bring your positivity, curiosity, drive, and passion
Manager, Product Benefits
Company Description Visa is a world leader in digital payments, facilitating more than 215 billion payments transactions between consumers, merchants, financial institutions and government entities a
Financial Crimes Analyst I - QA
FINANCIAL CRIMES ANALYST I WHAT IS THE OPPORTUNITY? Under the overall direction of the Bank Secrecy Act (BSA) Officer and reporting directly to the BSA Quality Assurance Manager, this colleague is re
Modeling & Quantitative Analytics (MQA) Intern
Moody's is a developmental culture where we value candidates who are willing to grow. So, if you are excited about this opportunity but don't meet every single requirement, please apply! You may be a
Federal Accounting & Reporting Analyst
Job Description The Education Secretariat is committed to equity and valuing the unique and diverse characteristics and experiences of every member of its workforce. We encourage an authentic workpla
AVP, Actuary - Life Valuation
As a team member in the Finance and Internal Audit department at Nationwide, the opportunities are endless! You can grow and learn in diverse areas across many disciplines such as Advanced Analytics,
Outside Insurance Sales Associate- Maryland- Remote
Are you a natural networker? Join Allstate's sales organization and you can build a lucrative and rewarding career with top-of-the-line resources and support- while connecting with and helping people
Payroll Co-op Student
The intern will be assigned to (CID/SDP) for the 3-month internship. Availability to start in Q1 January 2024 Role: This role is responsible for maintaining databases that are made available online t
Benefits & Leaves Coordinator
Job Description The Executive Office of Health and Human Services (EOHHS) is pleased to offer an exciting career opportunity to motivated and experienced human resources professionals who are interes
Copyright 2023-2024 - www.zdrecruit.com All Rights Reserved