ProSight Specialty Insurance

  • Insurance Internship

    Job Locations US-NJ-Morristown
    Posted Date 3 months ago(9/4/2018 3:16 PM)
    Job ID
    2018-1902
    # of Openings
    1
    Category
    Other
  • Overview

    ProSight Specialty Insurance is offering an exciting opportunity to entrepreneurial and ambitious college students who are excited to join a dynamic, fast paced and growing organization. We refer to these opportunities, internally, as “Pre-Hire” positions as successful & high-performing students will have the unique opportunity to join ProSight full-time upon graduation. The Pre-Hire’s skills, performance and preference will be taken into account when deciding on what department they will be in full time. Our Pre-Hire program is so much more than an “internship” as it will provide you with an opportunity to work collaboratively and cross-functionally, while making a significant impact to the organization.

     

    The rotational program is 10 weeks in length and takes place in summer 2019 for 2020 grads interested in pursuing a career in insurance. The Pre-Hires will rotate through the Claims, Customer Experience and Underwriting departments spending 3-4 weeks in each area. Each Pre-Hire will be tasked with a final project that will be presented to our C-Suite towards the conclusion of the program.

     

    The purpose of this rotational program is to provide college undergrads with an opportunity to develop their project management, problem solving, and technical skills through challenging assignments.

    Responsibilities

    The Claims rotation will include: 

    • Gaining an understanding of the claims process through meetings with various claims personnel.
    • Reviewing selected claims files.
    • Participating in meetings to determine tasks to be completed for claim investigations.
    • Performing assigned tasks to help complete claims investigations, to include:
      • Detailed social media investigation on claimants and other parties involved in specific claims.
      • Other on-line investigation on claimants and involved parties including educational, employment, recreational and criminal background.
      • Preparing reports on investigational findings.
    • Working as an apprentice with a senior claims staff professional. Performing assigned tasks within the mentor’s portfolio of claims.
    • Participating in claims round table sessions to discuss investigation findings, recommendations for additional work and claims evaluation.

     

    The Underwriting rotation will include:

    • Work closely with our underwriting, actuarial, claims and finance teams to understand main risk factors, rating process, and resulting loss experience in a particular program
    • Identify key “unknowns” in the underwriting process for the specific program in order to determine which factors drive the volatility in the program’s loss experience
    • Identify which “unknown” criteria within the underwriting process could potentially be solved or resolved with technological solutions
    • Assist with other critical business initiatives within the underwriting department
    • Attend all informational events scheduled during the program
    • Consistently exceed goals & expectations – demonstrating a strong desire to succeed

     

    The Customer Experience rotation will include:

    • Work with Underwriting Assistants to compute and rate premium for new, renewal and/or endorsement business using carrier systems
    • Interact directly with underwriters and account managers to assist in underwriting analysis and documentation
    • Work with Quality Specialists to coordinator and execute process validation and quality documentation, assist with documentation of policies and procedures and conduct data analysis and generation of performance reports.
    • Work with Billing and Collections Specialists to understand the collections process, assist with resolving discrepancies and analyzing reports to ensure collections activities are optimizing cash flow.

     

    Final Project Topic:

    • Recap of what was accomplished during the 10 weeks and a pitch to leadership on which department you feel you are the best fit for and why.

    Qualifications

    • Must be currently enrolled in Bachelor’s Degree program and graduating in 2020
    • Must be interested in pursuing a career within the insurance industry
    • Innovative
    • Strong communication, analytical and interpersonal skills required
    • Self-motivated & goal oriented
    • Excellent verbal and written communication skills
    • Sense of urgency, ownership & excellent project management skills
    • Team-oriented individual with positive attitude
    • High proficiency with computers, technology & ability to solve problems and implement solutions proactively

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