Underwriting Trainee

HCC Life Insurance • Los Angeles, CA

79d • $27 - $38

About The Position

Tokio Marine HCC - Surety Group has an exciting Underwriting Trainee opportunity that can launch your career in a new direction. We are looking for individuals who will analyze financial information, learn the foundations of surety underwriting, and become future leaders of the company. During the first year in Trevose, Pennsylvania, the program includes in-depth knowledge and hands-on experience in Underwriting, Claims, IT and Finance. Trainees progress during the second and subsequent years into Surety Underwriter positions at a branch location with greater underwriting and leadership responsibility.

Requirements

• Bachelor's degree in Risk Management, Finance, Economics, Accounting, or Business Administration, or equivalent education and/or experience.
• Internship(s) or experience in business or a related area is preferred.
• Willingness to relocate to a TMHCC Surety branch office.

Nice To Haves

• Curiosity to learn.
• Proactive initiative to find information.
• Good judgement and decision-making.
• Excellent writing skills.
• Good presentation skills.
• Customer service mindset.
• Excellent organizational skills.

Responsibilities

• Understand surety underwriting operations.
• Work with Underwriting, Claims, Finance and IT departments on various projects.
• Understand the factors that affect and influence bond ratings and risks.
• Review underwriting submissions and write the basic analysis of bond applicants' financial statements, collateral, and related due diligence.
• Cultivate relationships with internal and external contacts to facilitate underwriting processes.
• Promote business development and stay current with industry trends.
• Find creative and analytical solutions to support branch underwriting activity.
• Complete the Associate in Fidelity and Surety Bonding (AFSB) certification.
• Determine the degree of underwriting risk on a variety of contract and commercial surety bonds.
• Expand business opportunities through customer outreach, marketing activities, participation in industry events, and other business development initiatives.

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: 1,001-5,000 employees