Underwriter Trainee, Trade Credit
Underwriter Trainee, Trade Credit
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1 Vacancy
Job Description
Job Objectives:
We are seeking a Trade Credit Underwriter Trainee. The person in this position will be in an entry level role to learn the technical skills of the trade credit underwriting product along with account management responsibilities including direct communication with our broker community. There may be some limited travel requirements. They will provide a support role to the underwriters they work with assisting in the new business submission and policy renewal process along with midterm activity management. This is a great opportunity to learn the Trade Credit insurance product that provides immediate responsibility and opportunity for long-term growth and advancement. Allied World provides multiple training and education courses to provide the skills and knowledge to succeed in this role and beyond. The position will be located in Chicago.
Job Duties and Responsibilities:
Provide underwriting support to the underwriters in the region application processing and input preparation of underwriting tools for new and renewal business and related tasks;
Analyze applications with an aim to eventually make recommendations on specific opportunities. Learn how to prioritize and evaluate submissions to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives;
Work through administrative steps related to the underwriting process
Learn the pricing model and mechanism for the trade credit product;
Assist the underwriting team in collecting the necessary information to be able to make credit decisions and structure quotes;
Assist the Credit team in the activity of preparing analysis assigning ratings and setting credit aggregate limits;
Work with the Ops Lead to manage documentation and other administrative tasks that go along with policy issuance;
Ensure information is input into the in-house systems in an accurate and timely manner;
Work with underwriters to insure all information is saved in accordance with internal audit requirements;
Learn the components of underwriting and business development that will lead to a successful career in the trade credit insurance line of business.
Assist the underwriters in the execution of the business plan for the growth of Trade Credit portfolio
Compensation:
The below annualized base pay range is based on analysis of similar positions in the market. The actual base pay for the position may be above or below the listed range and determined by a number of considerations including but not limited to complexity location and scope of the role along with experience skills education training and other conditions of employment. Base salary represents one component of Allied Worlds comprehensive total reward package which may also include annual incentive compensation rewards.
Salary:$70000
4 year Undergraduate degree required
Willingness to learn and take initiative
Have financial statement analysis skills (accounting / business background a plus)
Proficiency in Microsoft Office Suite (Excel Word and PowerPoint)
Excellent communication (both written and verbal) and interpersonal skills
Strong attention to detail and quantitative skills
Ability to work to deadlines and prioritize tasks
Allied World Assurance Company Holdings Ltd through its subsidiaries is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients cedents and trading partners with thoughtful service and meaningful coverages since are a subsidiary ofFairfax FinancialHoldings Limited and benefit from a strong capital base and a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways.
Our generous benefits package includes: Health Dental and Disability Insurance a company match 401k plan and Group Term Life World is an Equal Opportunity Employer. All qualified applicants will be considered for employment without consideration of any disability veteran status or any other characteristic protected bylaw.
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Intern
Employment Type
Trainee
Key Skills
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