Underwriter Trainee Jobs

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Specialty Underwriter Trainee - Surety (Alpharetta, GA)

Philadelphia Insurance CompaniesAlpharetta, GA
Onsite

About The Position

Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products for select industries. The company has been in operation since 1962 and is nationally recognized as a member of Ward's Top 50 and rated A++ by A.M.Best. The Surety Underwriting team is seeking an ambitious professional ready to embark on a financial and analytical career within the surety industry. As a Surety Underwriting Trainee, you will work side by side with the leaders of the surety division, as well as seasoned and accomplished surety professionals. You will be exposed to and participate in a number of fundamental day to day surety underwriting and marketing activities, as well as key strategic operational initiatives of a dynamic and growing product line within Philadelphia Insurance Companies. PHLY Surety is the 12th largest surety in the country and is dedicated to developing surety professionals through the trainee program launched in 2016. PHLY delivers comprehensive insurance coverage and risk management expertise in over 120 specialized business markets across the country. For over 60 years, they have focused on delivering unsurpassed customer service to policyholders, agents, and broker partners. Headquartered just outside of Philadelphia and with more than 2,000 employees strategically located across the U.S., PHLY consistently provides value-added coverages and services to customers. Their commitment to unsurpassed customer service, industry-leading financial strength, and talented employees help set them apart from other companies. PHLY is also a proud member of the Tokio Marine Group, one of the largest global insurance groups in the world and a top 20 P/C carrier in the U.S. Based on a June 2022 AM Best Report on net written premium.

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.

Benefits

  • Comprehensive benefit package
  • Tuition reimbursement
  • Generous 401K match
  • Volunteer Benefits
  • Paid Vacation
  • Medical Benefits
  • Educational Incentives
  • Family Friendly Benefits
  • Investment Incentives

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What This Job Offers

Job Type

Full-time

Career Level

Entry Level

Number of Employees

501-1,000 employees

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Based on current job postings on Teal, the average Underwriter Trainee salary in the US is approximately $61,000 per year, with a typical range of $40,000 to $83,000.
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