Surety - Specialty Underwriter Trainee (Atlanta, GA)

Hanover Insurance Group • Atlanta, GA

349d

About The Position

Trainee level and early in career entry position for a Surety Underwriting career path. Through a structured program, obtains fundamental knowledge and skills to launch a career in Surety underwriting. With successful achievement of learning and development objectives, eventually will earn an Underwriting Letter of Authority and begins operating with high degree of coaching and supervision, and guidance. May begin to handle small accounts and or existing accounts if appropriate.

Requirements

• Bachelor's Degree or equivalent work experience.
• Robust internship and leadership experience (finance or surety related internship preferred).
• Generally, less than 1 year underwriting experience or 2-3 years financial services experience.
• Proficiency in using computer applications, including MS Office and internet research.
• Exceptional planning and organizational skills; Highly detail oriented.
• Strong communication skills written and verbal.
• Ability to apply technical knowledge to inform decision making.
• Ability to adapt to new situations quickly and prioritize tasks and responsibilities.
• Demonstrated experience working within and across teams.
• Understanding of work flows and processes and applies to work prioritization.

Responsibilities

• Develop successful achievement of learning and development milestones as defined by Trainee program guidelines which include the AFSB program.
• Build understanding of the Hanover structure and Surety strategies.
• Demonstrate ability to apply sensible business judgment within daily responsibilities.
• Successfully demonstrates readiness to assume new /existing UW responsibilities for new or existing accounts.
• Develop financial analysis skill to be applied to decision making regarding individual bonds and overall account program.
• Begins to build knowledge of marketing / account meeting methods.
• Learns how to facilitate New Business (NB) workflow.
• Independently handles less complex existing and new accounts within defined authority levels.
• Demonstrates an understanding of the significance of the claims loss ratio for uw purposes.
• Starts to develop an understanding of why different rates are applied to different types of risks.

Benefits

• Medical, dental, vision, life, and disability insurance
• 401K with a company match
• Tuition reimbursement
• PTO
• Company paid holidays
• Flexible work arrangements
• Cultural Awareness Day in support of IDE
• On-site medical/wellness center (Worcester only)

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees