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Underwriter Development Program Jobs in Minnesota

Senior Associate Underwriter

Minneapolis, MN · On-site

$102K - $121K/yr

Interest in continued education and professional development to obtain full underwriting authority ... Access to Kaufman Wellness Program * Flexible and hybrid work options Burns & Wilcox, the flagship ...

Senior Associate Underwriter

Minneapolis, MN · On-site

$102K - $121K/yr

Interest in continued education and professional development to obtain full underwriting authority ... Access to Kaufman Wellness Program * Flexible and hybrid work options About Our Company Burns ...

Senior Underwriter, Accident & Health

Minnetonka, MN · On-site

$100K - $118K/yr

... assistance program, paid parental leave, 401(k) plan with Company matching contributions and ... Lead product development and refinement initiatives, including plan design and rating methodologies

Senior Underwriter, ESL

Maple Grove, MN · Hybrid

$100K - $119K/yr

... development. Take advantage of our educational assistance programs for Accounting and Actuarial ... Review underwriting information, develop rates and terms for Employer Stop Loss accounts based upon ...

Senior Underwriter, ESL

Maple Grove, MN · On-site

$100K - $119K/yr

... development. Take advantage of our educational assistance programs for Accounting and Actuarial ... Review underwriting information, develop rates and terms for Employer Stop Loss accounts based upon ...

Underwriter Senior - Actuary | Remote

Minneapolis, MN · On-site +1

$102K - $121K/yr

Analysis & Opinion Development: • Complete analysis of loss portfolio transfers and reinsurance ... This role is also eligible for an annual incentive program. If you are hired, your final base ...

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Underwriter Development Program information

What can I expect from the training and mentorship provided in an Underwriter Development Program?

Participants in an Underwriter Development Program typically receive a blend of classroom instruction, on-the-job training, and mentorship from experienced underwriters. You can expect to rotate through various lines of business, work on real case studies, and gradually take on more responsibility as you build your technical and analytical skills. Mentors and managers provide regular feedback and support, helping you to understand underwriting guidelines, risk assessment, and client interaction. This structured training approach prepares you for a successful underwriting career and often leads to advancement opportunities within the company.

What is an Underwriter Development Program?

An Underwriter Development Program is a structured training initiative offered by insurance companies or financial institutions to prepare individuals for careers as underwriters. Participants typically receive a mix of classroom instruction, on-the-job training, and mentorship to learn about risk assessment, policy evaluation, and decision-making processes. The goal of the program is to equip trainees with the knowledge and skills needed to evaluate insurance applications, determine coverage terms, and assess potential risks. These programs often lead to full-time underwriting positions upon successful completion.

What are the key skills and qualifications needed to thrive in an Underwriter Development Program, and why are they important?

To thrive in an Underwriter Development Program, you need strong analytical abilities, attention to detail, and a bachelor's degree in finance, business, or a related field. Proficiency with risk assessment software, Microsoft Excel, and familiarity with industry regulations or progress toward certifications like CPCU are often valued. Effective communication, critical thinking, and strong organizational skills help candidates stand out in this role. These skills ensure accurate risk analysis, clear client interactions, and the ability to manage complex portfolios in the insurance industry.

What is the difference between Underwriter Development Program vs Underwriter?

AspectUnderwriter Development ProgramUnderwriter
CredentialsTypically requires a bachelor's degree, sometimes a certification like CPCU or ARMRequires similar credentials, often with additional experience or certifications
Work EnvironmentStructured training environment, often in corporate officesOperational, risk assessment, and decision-making roles in insurance companies
Usage in IndustryEntry-level training program for aspiring underwritersFull-time professional role responsible for evaluating insurance risks

The Underwriter Development Program is designed to train and develop new talent into underwriters, providing structured learning and mentorship. An underwriter, on the other hand, is a fully qualified professional responsible for assessing risks and making underwriting decisions. The program prepares individuals for a career as an underwriter, who then performs the core job functions within the insurance industry.

What are popular job titles related to Underwriter Development Program jobs in Minnesota? For Underwriter Development Program jobs in Minnesota, the most frequently searched job titles are:
What cities in Minnesota are hiring for Underwriter Development Program jobs? Cities in Minnesota with the most Underwriter Development Program job openings:
Underwriter - Business Development | Remote

Underwriter - Business Development | Remote

Allianz

Minneapolis, MN • On-site, Remote

Full-time

Posted 23 days ago


Allianz rating

9.3

Company rating: 9.3 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

14th of 261 rated insurance


Job description

AZRA is a specialty niche reinsurer, domiciled in California and licensed as an admitted insurer in 36 states (including District of Columbia), and is a qualified, accredited, or approved reinsurer in fifteen states. AZRA is a property casualty reinsurer which writes both prospective and legacy reinsurance. AZRA has specific expertise in run-off management of U.S. legacy insurance liabilities. It services Allianz Group affiliates and third parties including third party claims administration of asbestos, environmental, workers compensation, general liability, and construction defect liabilities.
AZRA has approximately 150 employees located nationwide with the majority working on a remote basis. AZRA is rated "AA-" by Standard & Poor's. As of December 31, 2025, AZRA had total admitted assets of USD $3.6 billion and policyholders' surplus of $265 million.
What you do:
Client Engagement
  • Serve as a client facing representative for AZRA
  • Oversight of the transaction process; Primary responsibility for negotiation and final price.
  • In conjunction with the Sr Underwriter approve transactions within a specific authority limit
  • Meet Brokers, clients; attend conferences, organize meetings for the team at conferences
  • Organize underwriting and claim audits; attend some audits
  • Articulate scope and appetite to clients/ brokers; turn down transactions
  • Attend 2-3 Legacy Conferences per year ; Manage legacy brokers and legacy transactions
  • Find new markets for AZRA to explore - ie mutual insurers

Transaction role
  • Structure and Negotiate deals along with actuary / underwriters ; each deal will have a primary negotiator - person could be actuary or client manager
  • Work with legal on wordings and contract language; manage legacy contract process
  • Governance - ensure that contracts meet exclusions (EET) / sanctions / ESG requirements; Lead audit responses ; be knowledgeable of group and local U/W guidelines
  • Utilization of artificial intelligence tools and resources (e.g. generative AI)

What you bring:
  • Deep knowledge of Reinsurance Market - junior broker
  • Underwriting experience a plus; knowledge of reinsurance transactions and lines of business
  • You must be legally authorized to work in the U.S. without requiring immigration sponsorship now or in the future. This includes holders of H-1B, H4, L-1, L-2, TN, OPT, CPT, and other nonimmigrant visas.

Job Posting Range $131,600.00 to $219,300.00
Note the job posting range is exclusive of company benefits or other compensation. This role is also eligible for an annual incentive program. If you are hired, your final base salary will be determined based on factors such as geographic location, experience, skills, competencies, and/or education. In addition to those factors, we will also consider internal equity of our current employees. Please keep in mind that the range provided is the full base salary range for the role. Hiring at or near the maximum of the range would not be typical to allow for future and continued salary growth.
99944 | Underwriting | Professional | Allianz Reinsurance | Full-Time | Permanent
What we offer:
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges is what makes us a unique employer. We are united by a shared commitment: to put our customers first and at the center of everything we do. Their needs inspire our thinking and guide our actions. Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future - for our customers and for the world around us.
At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.
Join us. Let's care for tomorrow.