No experience
Employment Type:
Full time
Job Category:
Surety Underwriting Trainee
(This job is no longer available)
Grad Date

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Job Description


Position Summary

* Trainee - Learn to: Market, produce and underwrite commercial surety business in accordance with the U.S. Surety business plan, underwriting standards and procedures (AUP).

Essential Functions

Learn to:

* Develop and build strong relationships with assigned producers and active and prospective account risk managers and executives.
* Develop and prosecute producer and target account marketing plan in support of surety business objectives.
* Underwrite account and bond new business opportunities. Negotiate terms and conditions including security agreements and collateral. Establish single and aggregate credit limitations for each account and monitor continuously.
* Underwrite and monitor existing accounts on a continuous basis and follow for information updates as needed.
* Communicate proactively and effectively with producers and account where applicable.
* Negotiate and structure terms, conditions and rates consistent with surety strategy, underwriting standards and rate filings.
* Enroll and Complete AFSB (Associate Surety & Fidelity Bonding) Program and secure professional designation.

Non-essential Functions

* Act in accordance with and be an advocate for the Aspen Spirit.
* Participate and undertake applicable professional, technical and career development training (delivered internally and externally) to include attainment of associated qualifications where required.
* Ensure company, market and client related documentation is issued (internally and externally) accurately and on time where applicable.
* Comply with external and internal regulatory and statutory policies, procedures and regulations.
* Operate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectives.
* Liaise with relevant and associated areas and groups within the business process to establish, support and maintain business relationships and organizational effectiveness.
* Undertake any other duties of a similar nature that the company reasonably requests to be performed that are within the expertise and skills of the jobholder.

Education / Experience

* College degree (or equivalent experience in surety underwriting/service required.

Skills (Minimum Requirements)

* Strong analytical skills. Course work/experience in accounting, finance and business law is a plus.
* Strong oral and written communication skills.
* Effective relationship building skills.
* Team Player with Ability to Multi-Task.
* Knowledge of Microsoft Office (Word and Excel).