Internship Surety Jobs (NOW HIRING)

Job Description Summary

Under immediate supervision, the Surety Associate Trainee takes instruction and guidance from, as well as works alongside Underwriting, Claims, Finance and IT staff for classroom and on-the-job training. Within one year of being hired, the Trainee will become an AFSB Certified Underwriter with in-depth working knowledge of Tokio Marine HCC - Surety Group operations, policies and practices, and the ability to fill an Underwriter position at any TMHCC Surety location.

Position Overview

During the first year in Los Angeles, CA, 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 bachelor's 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 applicable,the 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