Underwriting Trainee

Tokio Marine HCC•Los Angeles, CA

1d•Onsite

About The Position

Under immediate supervision, the Surety Associate Trainee takes instruction and guidance from, as well as works alongside Underwriting, Claims, Finance and IT staff for classroom and on-the-job training. Within one year of being hired, the Trainee will become an AFSB Certified Underwriter with in-depth working knowledge of Tokio Marine HCC - Surety Group operations, policies and practices, and the ability to fill an Underwriter position at any TMHCC Surety location. During the first year in Los Angeles, CA, 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

A bachelor’s degree in Risk Management, Finance, Economics, Accounting, or Business Administration, or the equivalent education and/or experience
Willingness to relocate to a TMHCC Surety branch office, including among the following states: Arizona, California, Colorado, Connecticut, Florida, Maryland, Massachusetts, Mississippi, New Hampshire, New York, Ohio, Pennsylvania, Texas, Washington

Nice To Haves

Internship(s) or experience in business or a related area is preferred

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
Ask a lot of questions to understand the concepts and processes
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
Relocate to a branch office
Determine the degree of underwriting risk on a variety of contract and commercial surety bonds, with increasing underwriting authority over time
Expand business opportunities through customer outreach, marketing activities, participation in industry events, and other business development initiatives