Underwriter Trainee, Trade Credit

Allied World Insurance Company; New York (NY); On-site; USD 120,000 - 297,000; Full time

Job summary

A leading insurance company is seeking an Underwriter Trainee in New York to learn the Trade Credit analysis and underwriting processes. In this entry-level position, the trainee will support experienced underwriters while gaining hands-on experience through workflows involving application processing and client interaction. Opportunities for advancement are available as expertise in Trade Credit grows.

Qualifications

• Entry-level understanding of the trade credit underwriting process.
• Ability to communicate with external clients.
• Willingness to learn and support underwriting tasks.

Responsibilities

• Provide support in the new business submission and renewal process.
• Analyze applications to identify profitable opportunities.
• Assist in policy management and documentation.

Skills

Analysis

Communication

Job description

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Job Objectives

We are seeking a Trade Credit Underwriter Trainee. The person in this position will be in an entry level role to learn the functions of the trade credit underwriting process and technical skills. They will provide a support role to the underwriters they work with, assisting in the new business submission and renewal process, along with administrative policy management. There may be some limited travel requirements. In addition, to working with the underwriting team, the role will involve communication with external clients as well as other Allied World partners to fulfil the requirements of the position. This is a great opportunity to learn the Trade Credit insurance product and build a knowledge base that can be expanded upon in time. There is an opportunity for advancement over time. The position will be located in New York.

Job Objectives

We are seeking a Trade Credit Underwriter Trainee. The person in this position will be in an entry level role to learn the functions of the trade credit underwriting process and technical skills. They will provide a support role to the underwriters they work with, assisting in the new business submission and renewal process, along with administrative policy management. There may be some limited travel requirements. In addition, to working with the underwriting team, the role will involve communication with external clients as well as other Allied World partners to fulfil the requirements of the position. This is a great opportunity to learn the Trade Credit insurance product and build a knowledge base that can be expanded upon in time. There is an opportunity for advancement over time. The position will be located in New York.

Duties And Responsibilities

Provide underwriting support to the underwriters in the region application processing and input, preparation of underwriting tools for new and renewal business and related tasks

Assist the underwriters in the execution of the business plan for the growth of Trade Credit portfolio

Analyze applications with an aim to eventually make recommendations on specific opportunities. Learn how to prioritize and evaluate submissions to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives

Assist the underwriting team in collecting the necessary information to be able to make credit decisions and structure quotes

Assist the Credit team in the activity of preparing analysis, assigning ratings and setting credit aggregate limits

Work with the Ops Lead to manage documentation and other administrative tasks that go along with policy issuance

Ensure information is input into the in-house systems in an accurate and timely manner

Learn the pricing model and mechanism for the trade credit product

Work with underwriters to insure all information is saved in accordance with internal audit requirements

Learn the components of underwriting and business development that will lead to a successful career in the trade credit insurance line of business.

Equal Opportunity Employer

Seniority level

• Seniority level

  Internship

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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