Underwriting Trainee

Longwood University; Los Angeles (CA); Hybrid; USD 39,000 - 54,000; Full time

Job summary

Tokio Marine HCC Surety Group is offering an Underwriting Trainee program in Los Angeles, CA. The role trains you in underwriting, finance, IT and claims, with a path to a leadership role as a Surety Underwriter at a branch location.

Ideal candidates have curiosity, initiative, problem-solving ability, and excellent writing/presentation skills, plus a customer-service mindset and strong organizational abilities.

Qualifications

• Bachelor's degree or equivalent in Risk Management, Finance, Economics, Accounting, or Business Administration.
• Internship or experience in business or related area preferred.
• Entry-level underwriting position.

Responsibilities

• Understand surety underwriting operations during the first 6 months and collaborate with Underwriting, Claims, Finance and IT.
• Review underwriting submissions and write basic analysis of financial statements and due diligence in the first year.
• Expand business opportunities and participate in industry events beyond the first year.

Skills

Analytical writing

Presentation skills

Customer service mindset

Organizational skills

Education

Bachelor's degree (Risk Management / Finance / Economics / Accounting / Business Administration)

Job description

Tokio Marine HCC – Surety Group Underwriting Trainee

• Do you have a good understanding of financial statements (i.e., profit & loss, balance sheet, income statement, cash flow)?
• Do your writing skills show your ability to present information in an analytical manner?
• Are you looking for an opportunity with steady, long-term growth potential?

If you answered "yes!" to those questions, Tokio Marine HCC - Surety Group has an exciting Underwriting Trainee opportunity that can launch your career in a new direction. We are looking for individuals who will analyze financial information, learn the foundations of surety underwriting, and become future leaders of the company.

While we will teach you technical terms, processes, and responsibilities on the job, we're looking for your strengths to help build the success of our company. We're seeking candidates with characteristics like curiosity to learn, proactive initiative to find information, thinking beyond what is presented, finding solutions to problems, good judgement and decision‑making, excellent writing skills, good presentation skills, a customer service mindset, and excellent organizational skills.

Position Overview

During the first year in Los Angeles, California, 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: 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.

For candidates working in person or remotely in Los Angeles, the reasonable pay range for this specific position is $28.46 to $39.13 per hour. The pay 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 pay 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 will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable federal, state, and local laws, such as the Violent Crime Control and Law Enforcement Act of 1994 (18 USC § 1033€)(the "VCCLEA"), which restricts financial institutions and insurers such as TMHCC from employing individuals with certain types of criminal convictions. Where the hiring and employment of individuals is not restricted by the foregoing, the Company will consider qualified applicants with arrest or conviction history in compliance with applicable law such as the California Fair Chance Act, the Los Angeles Fair Chance Initiative for Hiring Ordinance, the Los Angeles County Fair Chance Ordinance, the San Diego Fair Chance Ordinance, and the San Francisco Fair Chance Ordinance.

Tokio Marine HCC is a leading specialty insurance company with offices in the United States, the United Kingdom, Europe, and other locations. We offer competitive compensation, great benefits, a hybrid schedule, and the strength, stability, growth, and profitability that comes from being a member of the Tokio Marine Group of Companies.

The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit www.tmhcc.com for more information about our companies.