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Victor O. Schinnerer Underwriting Intern at Marsh & McLennan Companies

Posted in Other 30+ days ago.

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Location: Chevy Chase, Maryland





Job Description:
We are seeking summer interns to join our underwriting team in order to actively collaborate with our team in moving several business-driving projects to execution and integrate with the team to learn the daily underwriting activities in various departments within the company.

Victor O. Schinnerer & Company, Inc., is one of the largest and most experienced underwriting managers of specialty insurance programs in the world. At Schinnerer, underwriting management has been a distinct discipline for over 60 years.

Some of the projects and underwriting activities during the internship may include:
  • Experiencing the entire underwriting process from application through risk assessment and underwriting, quoting, negotiations, and policy issuance
  • Participating in team meetings and a variety of activities that are typical of the daily experience of underwriters
  • Participating with broker marketing meetings and
  • Assisting with special projects that may include:
  • merging underwriting analytics and claims history, delivering initial findings and preparing key information to our brokers and clients regarding specific lines of business
  • developing predictive claims analysis for underwriting including timing of reporting, results by state, classes of business, etc. and updating risk management materials, including position papers, in light of current events such as changes in statues and licensing requirements
  • learning and contributing to underwriting and portal system integration activities for new programs and identifying additional innovations
  • participating in new product launch and marketing activities.

Ideal candidates should have a sound understanding of business principles, Microsoft Office suite of workplace technology efficiencies, good communication skills and an aptitude for complex technical and financial subjects. Coursework and familiarity with insurance concepts are a plus.

Job description for posting

We are seeking summer interns to join our underwriting team within our Victor O. Schinnerer Group. You will actively collaborate with our team in moving several business-driving projects to execution and integrate with the team to learn the daily underwriting activities in various departments within the company.

Some of the projects and underwriting activities during the internship may include:
  • Experiencing the entire underwriting process from application through risk assessment and underwriting, quoting, negotiations, and policy issuance
  • Participating in team meetings and a variety of activities that are typical of the daily experience of underwriters
  • Participating with broker marketing meetings and
  • Assisting with special projects that may include:
  • merging underwriting analytics and claims history, delivering initial findings and preparing key information to our brokers and clients regarding specific lines of business
  • developing predictive claims analysis for underwriting including timing of reporting, results by state, classes of business, etc. and updating risk management materials, including position papers, in light of current events such as changes in statues and licensing requirements
  • learning and contributing to underwriting and portal system integration activities for new programs and identifying additional innovations
  • participating in new product launch and marketing activities.

Ideal candidates should have a sound understanding of business principles, Microsoft Office suite of workplace technology efficiencies, good communication skills and an aptitude for complex technical and financial subjects. Coursework and familiarity with insurance concepts are a plus.