Underwriting Trainee

Tokio Marine HCC Surety Group

Underwriting Trainee

• Do you have a good understanding of financial statements (i.e. profit & loss balance sheet income statement cash flow)
• Do your writing skills show your ability to present information in an analytical manner
• Are you looking for an opportunity with steady long-term growth potential

If you answered yes! to those questions 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.

While we will teach you technical terms processes and responsibilities on the job were looking for your strengths to help build the success of our company. Were seeking candidates with characteristics like curiosity to learn proactive initiative to find information thinking beyond what is presented finding solutions to problems good judgement and decision-making excellent writing skills good presentation skills a customer service mindset and excellent organizational skills.

Position Overview

During the first year 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.

Timeline and Performance Objectives

• During the first 6 months: 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.
• During the first year: 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.
• Beyond the first year: 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.

Education and Experience

• We prefer a bachelors degree in Risk Management Finance Economics Accounting or Business Administration or the equivalent education and/or experience.
• The role is an entry-level underwriting position. Internship(s) or experience in business or a related area is preferred.
• 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.

For candidates working in person in Los Angeles the reasonable pay range for this specific position is $27.95 to $38.41 per hour. The salary offered for this specific position is based on a number of legitimate non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of color race sex national origin sexual orientation gender identity gender expression religion age veteran status disability pregnancy citizenship status genetic information or any other basis protected by federal state or local pay equity laws. The salary range is the range TMHCC in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location work experience education and/or skill level. Even within the pay range the actual compensation will vary depending on the above factors as well as market and business considerations.

The Company believes in second chance employment. As an insurance company however we must comply with certain Federal and state laws such as the Violent Crime Control and Law Enforcement Act of 1994 (18 USC 1033(e)) which limits our ability to employ individuals with certain types of criminal convictions. For criminal history not covered by this law the Company will consider qualified applicants with arrest or conviction history in compliance with local laws such as the California Fair Chance Act and where applicablethe Los Angeles Fair Chance Initiative for Hiring Ordinance the Los Angeles County Fair Chance Ordinance and the San Francisco Fair Chance Ordinance.

You do not need to disclose your criminal history or participate in a background check until a conditional job offer is made to you. After making a conditional offer and running a background check if the Company is concerned about a conviction that is directly related to the job you will be given the chance to explain the circumstances surrounding the conviction or challenge the accuracy of the background report.

This job posting is for Underwriting Trainee and its material job duties include those listed above.

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