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Top Jobs to Get Started With a Career in Insurance

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Entry-level Underwriter $45-55k

As an underwriter, you’ll provide credit decisions as well as review medical, legal, financial, and occupational information to determine insurance rates. You’ll also review risk management plans and procedures, and deal with applications and renewals, acceptance, and rejections. You’ll be expected to have a deep understanding of risk, insurance policy coverage, and financial responsibility. Ultimately, an underwriter is the individual who decides if a company should offer insurance to a particular risk.

Entry level Claims Adjuster $45-55k

As a claims adjuster, you are the one to fulfill the company’s promise to pay for a loss when something bad happens. You’ll be responsible for strategic processing and payment of claims while keeping abreast of regulations and legislation in regards to insurance claims. You’ll be in charge of strategies, developing budgets, and overall supporting the operational infrastructure. Most importantly, you interface with the policyholder when they’re going through a bad time and help them restore their life.

Marketing Associate $45-55k

Insurance is competitive and each year companies spend Billions on marketing. Marketing and branding go beyond TV commercials, extending to social media, YouTube, internal communications, and more. As a Marketing Associate, duties can range from arranging proposals and presentations using marketing resource materials to coordinating client communications to internal marketing.

Actuarial Associate (Actuary 1) $65-70k

Using pricing and risk assessment, an actuarial associate is a support role that focuses on projects of limited complexity. They may work in conjunction with more experienced actuaries to develop probability tables that estimate the probability and cost of certain events—death, illness, injury, disability, or loss of property. However, it’s important to note that an actuary has quite a bit of education. 

Risk Management Analyst $70-80k

As a risk management analyst, your job will be to protect your organization’s assets. You’ll forecast potential losses, work on solutions to eliminate or reduce risk, and monitor and report on controls. You’ll also work on risk model construction.

Junior Data Scientist $77-97k

As a Junior Data Scientist, you work on projects that change the fundamental roles of traditional insurance professionals by applying machine learning, statistics and business applications to models. You will prepare tables, graphics or software tool components using statistical/biostatistical/machine learning capabilities. You also will assist in the interpretation of results and writing of small sections of technical reports/presentations, and support Senior Data Scientists in data cleaning, coding and validation.

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A Day in the Life of…

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Stacey Jurado

Claims Casualty Manager
Atlas Financial Holdings, Inc.

Stacey spent time with RISE founder, Amy to discuss her daily routine along with some advice for the new insurance professionals entering this space.

What is your morning regimen?

I get up at a quarter to 5 am, and my regimen is: coffee, shower, and play with my dog for a while to clear my mind to get ready for the day.

What is your commute like?

I’m very fortunate, I live less than 5 miles from the office so drive in.

What is the first thing you do when you start your work day?

The first thing I do is get some administrative tasks done. I get in before everyone, so I am able to get all my end of day reporting from the previous day done. This way I’m ready to field whatever people need when they get in.

Who do you work most closely with?

I’m in the casualty department within claims. I have one supervisor and a total staff of 11. Currently I’m looking to fill 2 open positions. I work most closely with my team, legal staff, and outside counsel. I also have one property damage adjuster as well.

How do you balance meetings, email, solving problems, and your own tasks?

 I try to schedule my day, and I allow certain times for different activities. Each person has a specific time, so if they need attention, we can address it at their time. I live by my calendar, both personally and professionally.

 Lunch?

 Lunch is usually at my desk. It includes a coffee run which takes about 15-20 minutes to reset and refocus, gets me outside for fresh air, and allows me to step away, because that is important.

You never get through a day without ______.

Having plans change. You must always be ready to roll with it!

Can you name an innovative solution that made a huge impact for your area of responsibility?

We’re using an outside vendor to manage our legal billing, and we moved to flat fee scheduling, which gives better control over spending. I used this before at a prior company and it works very well. I’m also working on putting in place an early settlement bonus. I’m going to tighten up the plan because it will benefit both us and our outside counsel, and it will cost less in the long run.

What changes in the role of technology have you noticed in your department? Does this change the skills you hire for?

We’re now paperless so that gives people the opportunity to work pretty much from wherever. Everything is more advanced so we look for people who can be more independent. We do have several people who work from home remotely several days a week.

What is the most rewarding part of your job?

The most rewarding part of my job is seeing the results and seeing people succeed professionally. I enjoy winning cases. I also enjoy building rapport with others in other departments. Watching peers receive promotions is amazing. Seeing my team expand their roles is the best, because that’s how I got to where I am today.

What is your biggest motivation in getting up every morning to do it again?

My family is my motivation. I just want to make them proud. My mother owns her own successful business so I’ve always wanted to make her proud.

When you were 18, did you envision this to become your career?

 This is definitely not what I thought I was going to be doing. I don’t think I had a clear vision at 18. I would encourage others to find something they are passionate about. Just be open to try things because that’s the only way to figure out what you love. I happened to fall into it, but I love it. Insurance is much more interesting than it sounds! People have a preconceived notion that insurance is boring. No two claims are the same, and you constantly have to think outside the box to come up with innovate ways to achieve the results, whether it’s utilizing resources that have served you in the past or finding an outside vendor. Insurance is anything but cookie cutter.

What advice would you give to other women who might be considering a career in insurance?

Work hard! Try to get as much exposure as you can, whether that’s working in different departments or forging relationships with other departments. Become well rounded so you become a resource. Surround yourself with the people you want to emulate. Don’t be afraid to ask for help

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I Make the Promise, You Keep It

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Everyday people come to me for help. I help them protect their life, their assets, their future and so much more. In exchange for my service I give them a promise. You see, as an agent I work with many insurance carriers and many different policies. It is my job to find the right fit for my client. I make sure that this promise will be there for them if they need it. We all hope that bad things will never happen, but we all know that accidents are inevitable.

Last year a family friend came to me to discuss a new car insurance policy. She was paying a large amount with a company that she was with for over 5 years. I saw that she had a squeaky clean record and knew she would be a perfect candidate for much better valued policies. Only 1 month after trusting in me she was in an accident. The firefighter, police, and hospital were all her hero that day. About a month after her accident she called me to tell me about the incident. She ended her story with a huge THANK YOU! She was saying thank you because of how amazing her experience was with filing the claim. She said she called to make a claim with the company and the claim representative walked her through the entire process and noted that she was covered. My client was so happy that I helped her make the right decision with a great carrier and policy.

On that day I realized how important we are; how important YOU are. On that day, insurance became her hero too. We share a client, and we both want what is best. To our clients I make a promise and you keep it. For that, I thank you!

Kevin Cronin

About the Author:

Kevin Cronin, VP at Cronin Insurance Agency in Boca Raton, Florida. Is a graduate of the University of Central Florida with a Bachelor’s Degree in Business Administration with a minor in Cinema Studies. Kevin is licensed by the State of Florida as a 2-20General Lines Agent, which allows him to sell all lines of Property and Casualty Insurance. Cronin Insurance Agency has been serving Florida since1993, specializing in Auto, Home, Life and Business insurance. https://www.cronininsurance.com

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