San Francisco, CA, United States
Underwriting Trainee (Surety)','UND000314','','','!*!Are you looking for an adventure and the opportunity to start an exciting career? Do you have a college degree in Finance, Accounting, Economics or Business Administration? If so, CNA could have the perfect opportunity for you as a Surety Underwriting Trainee! The role is part of our trainee program and will be located in our San Francisco, CA office.
CNA Surety’s Underwriting Trainee Program offers a rewarding career path for individuals interested in working for a company that provides hands on experience and unique opportunities, graduating seniors or entry level (0-2 years) experience welcome. Trainee program is for 1 year and upon successful completion of the program individuals will be promoted to an Underwriter. CNA Surety provides a full range of surety and fidelity bonds in all 50 states. CNA Surety has openings for trainees in a variety of locations, refer below
As a Surety Underwriting Trainee, you will have access to professional skills development, productivity courses and much more. Primarily responsible for learning underwriting principles and standards in a CNA Surety branch office. Analyzes, evaluates, and refers new and existing business to a more senior level underwriter within the branch office. During the course of the program our curriculum provides:
Reviews bond applications and financial documentation to determine if the applicant is an acceptable risk in accordance with company guidelines and standards. Determines the need for additional evidence of financial standing and appropriate strategy.
Instructor-led training, testing, self-study courses, Web-based training and practical application with guidance through a formal mentoring program.
Recommends risks after complete analysis and consideration of applicant documentation, business factors and competitive situations
Prepares written communications on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations.
May assist in marketing products and services through agencies or through the brokerage community. Develops and maintains positive agency and/or broker relationships to ensure positive outcomes. May travel approximately 1 to 1 ½ days a week to agent locations shadowing more senior underwriters prospecting business.
Performs other essential duties as assigned. A combination of training sessions both in the field, as well as in our downtown Chicago office where there will be a unique opportunity to interact with senior leadership.
1. Strong desire to develop knowledge and understanding of underwriting practices, policies and guidelines.
2. Good verbal and written communication skills with the ability to develop positive business relationships.
3. Strong ability to identify, analyze and solve problems as well as the ability to learn rapidly and adapt quickly to change.
4. Ability to work independently.
5. Development of decision-making skills.
6. Knowledge of Microsoft Office Suite as well as other business-related software.
KNOWLEDGE & SKILLS REQUIRED:
BA/BS in Finance, Accounting, Business Administration or similar program. Minor in Marketing or Communication Studies a plus.
Minimum of two years work experience in a related discipline (finance, credit, insurance) strongly preferred; internship experience may qualify.
Must possess excellent communication and analysis skills..
CNA Surety is known for its expert underwriting, solid financial strength, market leadership and creative solutions to all bonding requirements. Through a combined network of approximately 34,000 independent agents, the company has the capability to serve a full range of bonding needs, from the smallest commercial bonds to multi-million dollar contract bonds. With a highly diverse product line, one of the broadest underwriting capabilities in the industry, and an unparalleled distribution system, CNA Surety ranks as one of the largest surety companies in the United States. CNA is among the top 10 insurance groups in the country
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Website : http://www.cna.com/
Since 1897, CNA has been providing outstanding service and an ongoing commitment to building long-term relationships, earning us a reputation for being a carrier that inspires trust. At CNA, we take pride in our ability to offer innovative products and services that meet the evolving needs of our customers and business partners alike. As the 7th largest U.S. commercial insurer and the 13th largest U.S. property & casualty insurer, we provide insurance protection to more than one million businesses and professionals in the U.S. and internationally. We understand the importance of being where our customers are. Headquartered in Chicago, CNA has offices throughout the U.S., Canada and Europe. In these locations, we work with highly professional independent agents and brokers to ensure our customers receive the personal service and attention they look for in a carrier.