Underwriting Trainee - Surety

CNA; Canada; On-site; CAD 35,000 - 65,000; Full time

Job summary

A leading surety company in Canada is seeking a Surety Underwriting Trainee to learn underwriting principles and assist with risk assessment. The role includes reviewing bond applications, developing positive relationships with agencies, and preparing underwriting documentation. A BA/BS in Finance, Accounting, or related field is required, alongside excellent communication and analytical skills. The salary range is competitive, reflecting various factors, including experience and location.

Qualifications

• Prior work or internship experience in finance, credit, or accounting is preferred.

Responsibilities

• Learn underwriting principles and standards in a Surety branch office.
• Review bond applications and financial documentation to assess risk.
• Prepare written communications on underwriting decisions and requirements.

Skills

Excellent communication skills

Analytical skills

Education

BA/BS in Finance, Accounting, Business Administration or similar

Job description

You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential.

Job Description

As a Surety Underwriting Trainee, you will have access to professional skill 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.

• 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.

Knowledge & Skills Required

• BA/BS in Finance, Accounting, Business Administration or similar program. Minor in Marketing or Communication Studies a plus.
• Prior work or internship experience in a related discipline (finance, credit, accounting) strongly preferred.
• 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.

In New York and Colorado, the base pay range for the Surety Underwriting Trainee role is $65,000 to $75,000 annually. National base pay range is $35,000 to $65,000 annually. Salary determinations are based on various factors, including but not limited to relevant work experience, skills, certifications and location.

CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact [e-mail].