Specialty Underwriter Trainee - Surety (Alpharetta, GA)

Philadelphia Insurance Companies•Alpharetta, GA

1d•Onsite

About The Position

Philadelphia Insurance Companies, a member of the Tokio Marine Group, specializes in designing, marketing, and underwriting commercial property/casualty and professional liability insurance products for specific industries. Established in 1962, the company is recognized nationally as a member of Ward's Top 50 and holds an A++ rating from A.M.Best. The Surety Underwriting team is actively seeking an ambitious professional to join their team in Alpharetta, GA, as a Specialty Underwriter Trainee. This role offers a pathway into a financial and analytical career within the surety industry. As a Trainee, the individual will collaborate closely with leaders and experienced professionals within the surety division, engaging in fundamental day-to-day surety underwriting and marketing activities, as well as strategic operational initiatives for this dynamic and expanding product line. PHLY Surety currently ranks as the 12th largest surety in the country and is committed to developing surety professionals through its established trainee program.

Requirements

Bachelor’s degree in finance, Accounting, Economics or Business preferred. Other degrees or equivalent experience will be considered.
Excellent analytical and decision-making skills.
Demonstrated technical competence in fundamental financial analysis.
Demonstrated organization skills and ability with a strong attention to detail.
Exceptional interpersonal and customer service skills.
Willingness to relocate at completion of the Surety Training Program to our Sioux Falls, SD office.

Nice To Haves

Prior internship experience in a business-related environment a plus.
Prior participation in one or more community activities or student organizations preferred.
Work experience during college a plus.

Responsibilities

Successfully complete the comprehensive Surety Underwriter training program consisting of one-on-one mentoring, self-study, and classroom training.
Participate in AFSB certification activities including coursework, case studies, self-study, and ultimately pass exams as required to acquire your AFSB designation.
Gain an understanding and develop analytical expertise of how financial conditions, character, experience, legal components, contract evaluation, project risk assessment and other factors can influence ultimate credit decisions and how to communicate these to internal and external customers.
Develop ongoing relationships with internal and external customers that will include meetings with agents/brokers, and owners/key executives of companies we extend surety credit to.
Pursue and monitor the continuous flow of underwriting data.
Gain experience with various internal systems to assist in analytical functions and testing PHLY Surety’s new surety system.
Develop knowledge of our products and distribution channels.
Develop a working understanding of the surety/agency relationship and how to consult and provide direction to agents/brokers.
Develop marketing skills and market the Company products to achieve company growth and profitability targets.
Attend and participate in industry functions and events to develop and build a strong surety network and increase visibility in the marketplace.
Perform special projects to build understanding of the surety business and support the business needs of the respective territory/market upon request.