... programs and policy. * Conduct analysis/underwriting functions, as needed. Provide support on new ... Specifically, assist the trainees in the following: adopting the operating procedures of the ...
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... programs and policy. * Conduct analysis/underwriting functions, as needed. Provide support on new ... Specifically, assist the trainees in the following: adopting the operating procedures of the ...
Reports to supervisor all deviation from credit programs and policy. Conduct analysis/underwriting ... Specifically, assist the trainees in the following: adopting the operating procedures of the ...
Reports to supervisor all deviation from credit programs and policy. Conduct analysis/underwriting ... Specifically, assist the trainees in the following: adopting the operating procedures of the ...
... programs and policy. * Conduct analysis/underwriting functions, as needed. Provide support on new ... Specifically, assist the trainees in the following: adopting the operating procedures of the ...
Quick apply
... programs and policy. * Conduct analysis/underwriting functions, as needed. Provide support on new ... Specifically, assist the trainees in the following: adopting the operating procedures of the ...
... programs and policy. * Conduct analysis/underwriting functions, as needed. Provide support on new ... Specifically, assist the trainees in the following: adopting the operating procedures of the ...
Quick apply
... programs and policy. * Conduct analysis/underwriting functions, as needed. Provide support on new ... Specifically, assist the trainees in the following: adopting the operating procedures of the ...
... programs and policy. * Conduct analysis/underwriting functions, as needed. Provide support on new ... Specifically, assist the trainees in the following: adopting the operating procedures of the ...
Quick apply
... programs and policy. * Conduct analysis/underwriting functions, as needed. Provide support on new ... Specifically, assist the trainees in the following: adopting the operating procedures of the ...
... programs and policy. * Conduct analysis/underwriting functions, as needed. Provide support on new ... Specifically, assist the trainees in the following: adopting the operating procedures of the ...
Quick apply
... programs and policy. * Conduct analysis/underwriting functions, as needed. Provide support on new ... Specifically, assist the trainees in the following: adopting the operating procedures of the ...
... programs and policy. * Conduct analysis/underwriting functions, as needed. Provide support on new ... Specifically, assist the trainees in the following: adopting the operating procedures of the ...
Quick apply
... programs and policy. * Conduct analysis/underwriting functions, as needed. Provide support on new ... Specifically, assist the trainees in the following: adopting the operating procedures of the ...
Underwriting Trainee Program information
What is the difference between Underwriting Trainee Program vs Underwriter?
| Aspect | Underwriting Trainee Program | Underwriter |
|---|---|---|
| Credentials | Typically requires a bachelor's degree, often in finance, economics, or related fields | Requires relevant experience, certifications (e.g., CPCU), and industry knowledge |
| Work Environment | Training-focused, entry-level, often in an office setting | Decision-making role, responsible for evaluating risks and approving policies |
| Industry Usage | Commonly used for onboarding new talent in insurance companies | Established professional role within insurance and reinsurance firms |
The Underwriting Trainee Program is designed to train newcomers with foundational knowledge and skills, preparing them for a full underwriting role. In contrast, an Underwriter is an experienced professional responsible for assessing risks and making underwriting decisions. The program serves as a stepping stone toward becoming an underwriter, who typically has more industry experience and certifications.
What are the key skills and qualifications needed to thrive as an underwriting trainee, and why are they important?
To thrive in an Underwriting Trainee Program, you generally need a bachelor's degree (often in finance, business, or a related field), strong analytical abilities, and numerical proficiency. Familiarity with underwriting software, Microsoft Excel, and sometimes progress toward industry certifications like CPCU is beneficial. Attention to detail, effective communication, and eagerness to learn are standout soft skills for this entry-level role. These skills enable trainees to accurately assess risk, collaborate with teams, and develop into successful underwriters.
What is an underwriting trainee program?
An Underwriting Trainee Program is a structured entry-level development program designed to train individuals in the fundamentals of insurance underwriting. Trainees learn how to assess risks, price insurance policies, and make decisions about coverage under the guidance of experienced underwriters. These programs typically combine classroom instruction, on-the-job training, and mentorship. Upon successful completion, trainees may transition into full-time underwriting positions with increased responsibilities.
What types of projects and responsibilities can I expect to handle during an underwriting trainee program?
As an Underwriting Trainee, you will typically rotate through different lines of business and assist experienced underwriters in evaluating insurance applications, assessing risk, and determining policy terms. You'll be involved in reviewing financial documents, communicating with brokers and clients, and learning about regulatory compliance. The program often includes both classroom training and on-the-job experience, providing a well-rounded introduction to the underwriting process. This hands-on exposure helps you build foundational knowledge and prepares you for more independent underwriting responsibilities after completing the program.
What are popular job titles related to Underwriting Trainee Program jobs in Miami, FL? For Underwriting Trainee Program jobs in Miami, FL, the most frequently searched job titles are:
What job categories do people searching Underwriting Trainee Program jobs in Miami, FL look for? The top searched job categories for Underwriting Trainee Program jobs in Miami, FL are:
What cities near Miami, FL are hiring for Underwriting Trainee Program jobs? Cities near Miami, FL with the most Underwriting Trainee Program job openings:
Full-time
Re-posted 25 days ago
Job description
Responsible for providing a sound, independent and objective assessment and recommendation on risk factors associated with small business, midsize, large, complex structures and transactions related to Commercial and Industrial (C&I) transactions. This position will also oversee credit risk management and maintenance of credit quality for the respective assigned portfolio by monitoring relationship trends, clearing of exceptions, properly assessing and evaluating credit risk and other key factors, and providing recommendations and credit solutions which are appropriate to the relationship risk profile.
Responsibilities:
- Provide transactional support with the creation of credit memos while maintaining clear understanding of the Bank’s credit programs and policy and its adherence. Reports to supervisor all deviation from credit programs and policy.
- Conduct analysis/underwriting functions, as needed. Provide support on new business activities by screening preliminary data and follow up in obtaining required documentation and conformity to credit underwriting policy of the bank. Prepare documentation, memos, and/or presentation as needed.
- Perform the annual review of existing credit relationships; Identify necessary risk rating changes, errors or inconsistencies and recommend modifications to risk rating as deemed appropriate. This includes calculating and verifying covenant testing requirements and monitoring loan policy exceptions, as needed.
- Support the accurate review and evaluation of the financial condition and operating performance of C&I Borrowers for new and existing loan exposures, increases, and modifications of terms/conditions.
- Support the large & complex financial analysis with a high degree of accuracy in terms of figures and credit risk assessment. Responsibility will also include the proper identification of loan policy exceptions and identification of industry/loan structure specific risks/issues with appropriate mitigating factors.
- Ability to identify, evaluate, monitor and make any recommendation deemed necessary to the supervisor to assess, reduce, eliminate or control any current or prospective risks to earnings or capital arising from violations of, or nonconformance with, laws, rules, regulations, prescribed practices, internal policies and procedures or ethical standards.
- Assist in the review and measurement of Bank Borrower’s conformance with legal covenants, tracking of same and the identification of compliance or non-compliance This may include assisting Credit Portfolio Managers and Relationship Managers in collaborating with other bank units such as Credit Administration, Loan Operations, Credit Services, Closing areas, and Credit Risk.
- Assist in the training process of new underwriters. Specifically, assist the trainees in the following: adopting the operating procedures of the department, mastering the various formats used and the credit criteria applied to the various forms of analysis.
- Complete or review and provide feedback on spread financial statements, comprehensive analysis, and credit approval packages according to Bank credit programs and policy.
- Work within the software systems for loan originations, modifications, annual reviews, and other presentations to senior management.
- Responsible for the administration and monitoring maturities, delinquencies, including criticized assets reports on a regular basis as well as assisting in the identifying any “red flags” or problems within the portfolio. Reports to supervisor all portfolio issues and irregularities found in these reports.
- Conduct project site visits/inspections and report findings.
- Provide assistance in other areas within the department, as required, covering during vacation or absenteeism.
- Ensure preventive measures are carried out to fully comply with current rules, regulations and internal policies relating to risks pertaining to BSA, USA Patriot Act, OFAC and other AML related issues.
- Assist management with ongoing projects.
- Any other duties as assigned by the Chief Credit Officer or supervisor.
Minimum Education and/or Certifications Requirements:
Bachelor’s degree in business, accounting or finance required. Master’s degree preferred OR 5+ years of credit underwriting/credit analysis experience in lieu of education. Formal credit training preferred.
Minimum Work Experience Requirements:
10+ years of professional experience credit underwriting/credit analysis. Knowledgeable of banking products and documentation.
Technical and/or Other Essential Knowledge:
Thorough understanding of the Bank’s credit procedures, programs and policy. Accounting and credit principles. Proficiency in Microsoft Suite is required; experience in SQL is a plus. Salesforce, nCino, FIS IBS experience is a plus. Sound time management and organizational skills required. Well organized and systematic. Must possess strong communication skills.
This position is hybrid/remote work eligible.