Underwriting Trainee - Surety

CNA Financial • Seattle, WA

79d • $65,000 - $75,000 • Hybrid

About The Position

As a Surety Underwriting Trainee, you will have access to professional skills development, productivity courses and much more. Primarily responsible for learning underwriting principles and standards in a CNA Surety branch office. Analyzes, evaluates, and refers new and existing business to a more senior level underwriter within the branch office. During the program our curriculum provides: * Reviews bond applications and financial documentation to determine if the applicant is an acceptable risk in accordance with company guidelines and standards. Determines the need for additional evidence of financial standing and appropriate strategy. * Instructor-led training, testing, self-study courses, web-based training and practical application with guidance through a formal mentoring program. * Recommends risks after complete analysis and consideration of applicant documentation, business factors and competitive situations. * Prepares written communications on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations. * May assist in marketing products and services through agencies or through the brokerage community. Develops and maintains positive agency and/or broker relationships to ensure positive outcomes. May travel approximately 1 to 1 ½ days a week to agent locations shadowing more senior underwriters prospecting business. * Performs other essential duties as assigned.

Requirements

• BA/BS in Finance, Accounting, Business Administration or similar program.
• Prior work or internship experience in a related discipline (finance, credit, accounting) strongly preferred.
• Must possess excellent communication and analysis skills.

Nice To Haves

• Minor in Marketing or Communication Studies.

Responsibilities

• Reviews bond applications and financial documentation to determine if the applicant is an acceptable risk in accordance with company guidelines and standards.
• Determines the need for additional evidence of financial standing and appropriate strategy.
• Participates in instructor-led training, testing, self-study courses, and web-based training.
• Recommends risks after complete analysis and consideration of applicant documentation, business factors, and competitive situations.
• Prepares written communications on adverse underwriting decisions, rate appeals, underwriting requirements, status, and declinations.
• Assists in marketing products and services through agencies or the brokerage community.
• Develops and maintains positive agency and/or broker relationships.
• Travels approximately 1 to 1.5 days a week to agent locations shadowing more senior underwriters.

Benefits

• Comprehensive and competitive benefits package.
• Salary range of $65,000 to $75,000 in New York and Colorado.
• Salary determinations based on relevant work experience, skills, certifications, and location.

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