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SFM - The Work Comp Experts · 1 month ago

Underwriting Summer 2026 Intern

Bloomington, Minnesota, United States

Internship

Onsite

Intern

$19.18/hr - $26.85/hr

Start in 2026 Summer

SFM - The Work Comp Experts is a company focused on providing workers' compensation solutions. The Underwriting Summer Intern will develop critical thinking skills while learning to underwrite workers' compensation insurance policies and collaborating with various teams within the organization.

Financial ServicesHealth CareHuman ResourcesInsurance

Growth Opportunities

Responsibilities

Works side-by-side with our experienced underwriters as they review workers’ compensation applications and learns how to underwrite a workers’ compensation insurance policy, learns the policy lifecycle and follows best practices

Partnering with experienced underwriters, you may assist with the following:

Analyzing risk exposures

Collaborating with loss prevention, premium audit and claims staff-- becoming familiar with the role each area plays in underwriting

Visit insurance agencies to understand the relationships developed with SFM’s agency partners

With assistance, organizes and participates in meetings to educate and promote SFM’s service capabilities to agencies

Works on assignments and training modules geared toward insurance and the understanding of workers’ compensation

Engages in learning about other areas at SFMs such as compliance, underwriting, and loss prevention, premium audit and related corporate functions

Assists with follow up calls to internal and external customers and contacts stakeholders as required by company best practices

Develops an understanding how to evaluate applications and effectively communicate decisions in a professional and customer-focused manner

Learns the roles, functions and responsibilities of a successful team member in the insurance industry

Provides support to the team in accordance with the respective team procedures and practices. Within scope of responsibility, interacts with other teams to resolve business issues and provides back-up coverage to all team members when requested

May work with other interns to develop and complete a meaningful project over the course of the internship and give a presentation to Senior Management

Within scope of responsibility, interacts with other teams to resolve business issues and provide back-up coverage to all team members when requested

May attend meetings related to the industry and other team meetings within SFM

Will be exposed to and will learn about workers’ compensation and the insurance industry as whole; may have opportunity to job shadow within the different areas in the organization

Meets with various leaders from around the organization to conduct informational career interviews

Learns and understands SFM’s corporate culture

Qualification

Risk Management/InsuranceCritical thinkingTime managementCustomer serviceData entryWillingness to learnBasic computer skillsCommunicationSelf-motivatedOrganizational skills

Required

Students who are currently enrolled in a bachelor's program and have completed 2-3 years of college with degrees such as Business administration, Risk Management/Insurance or Finance; however, open to all majors

Approximate work availability from June through August (9-12 weeks) required

Experience using a PC and basic keyboarding skills

Ability to work at least 30 hours per week

Working independently and managing various tasks while maintaining quality is essential

Critical thinking and decision making

Strong prioritization, organization and time management skills

Excellent verbal and written communications skills

Self-motivated, works well independently, ability to focus on a project and project work and isn't afraid to ask for help

Strong customer service; customer-friendly focus

Ability to maintain confidential information

Good computer skills (MS Word, Excel, Outlook)

Solid data entry

Willing to ask questions and genuine willingness to learn new things

Ability to follow directions and adhere to team procedures and company best practices

Must be able to be work onsite at corporate headquarters

Company

SFM - The Work Comp Experts

SFM is the largest workers’ compensation insurer in Minnesota and a leader regionally, serving more than 35,000 businesses of many types and sizes based in Minnesota, Indiana, Iowa, Kansas, Nebraska, South Dakota, Tennessee and Wisconsin.

Founded in 1984