Associate Underwriter Trainee - Surety - Morristown, NJ/Hybrid

Crum & Forster • Morristown, NJ

1d • $48,500 - $70,000 • Hybrid

About The Position

Crum & Forster (C&F) , with a proud history dating to 1822, provides specialty and standard commercial lines insurance products through our admitted and surplus lines insurance companies. C&F enjoys a financial strength rating of "A+" (Superior) by AM Best and is proud of our superior customer service platform. Our claims and risk engineering services are recognized as among the best in the industry. Our most valuable asset is our people: more than 2000 employees in locations throughout the United States. The company is increasingly winning recognition as a great place to work, earning several workplace and wellness awards, including the 2024 Great Place to Work ® Award for our employee-first focus and our steadfast commitment to diversity, equity and Inclusion. C&F is part of Fairfax Financial Holdings, a global, billion dollar organization. For more information about Crum & Forster, please visit our website: www.cfins.com. Information about the Surety Training Program Surety is a credit business that provides financial and performance guarantees to a variety of industries including construction, manufacturing, financial institutions, technology and energy. You may be saying to yourself, that’s great but what exactly does that mean, Surety bonds, for example, are important to the construction industry. These bonds ensure that projects will be built to the appropriate specifications, and that all parties working on the project will be paid for work performed. If this has peaked your interest and curiosity we’re looking for enthusiastic, ambitious, self-starters with a track record of success to join C&F’s surety team. As a surety underwriting trainee, you’ll work alongside an experienced team of professionals to assist your development. The program consists of a combination of mentorship, classroom instruction, self-study and on the job training. Our program is designed to provide you with a strong technical foundation for long term success. This trainee opportunity is available in our corporate headquarters in Morristown, NJ office.

Requirements

• Recent college graduate with a major in business, finance or accounting is desired but all majors will be considered with a minimum GPA of 3.0.
• Prior work experience, including summer or part-time roles or internships preferred.
• Proven leadership qualities demonstrated through work, community service, athletics, or clubs preferred.
• Ability to gather and analyze data effectively.
• Strong analytical and problem-solving skills.
• Strong oral, written, and interpersonal communication skills.
• Solid organizational, time management, and planning skills are essential.
• Experience with MS Office Suite (Outlook, Excel, Word & Power Point).
• A passion for learning.
• An innovative, entrepreneurial spirit.
• Ability to take ownership and see tasks through to completion.
• Valid driver’s license is required.

Responsibilities

• Receive a hands-on introduction to surety underwriting by shadowing an experienced underwriter during the review of financial data and analysis of surety accounts.
• Each trainee will participate in account meetings, bond form reviews, file documentation, database entries, and management meetings.
• Receive operations training that will give you firsthand experience with what happens to a surety bond from issuance to premium processing.
• Participate in underwriting and claims training events and e-learning curriculum to enhance industry knowledge and professional skills.
• Engage with cross functional teams and business leaders throughout the insurance operation to gain exposure of all facets of the industry.
• Network with other trainees and early career individuals, including career and industry workshops, and community service opportunities, to name a few.

Benefits

• Competitive compensation package
• Generous 401K employer match
• Employee Stock Purchase plan with employer matching
• Generous Paid Time Off
• Excellent benefits that go beyond health, dental & vision. Our programs are focused on your whole family’s wellness, including your physical, mental and financial wellbeing
• A core C&F tenet is owning your career development, so we provide a wealth of ways for you to keep learning, including tuition reimbursement, industry-related certifications and professional training to keep you progressing on your chosen path
• A dynamic, ambitious, fun and exciting work environment
• We believe you do well by doing good and want to encourage a spirit of social and community responsibility, matching donation program, volunteer opportunities, and an employee-driven corporate giving program that lets you participate and support your community
• At C&F you will BELONG

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 1,001-5,000 employees