Underwriter/Credit Analyst Trainee
Underwriter/Credit Analyst Trainee
Argo Surety, a member of the Argo Group, was launched to provide unparalleled service to its chosen agents and customers by offering a broad selection of bonds serving a diverse range of businesses and industries.
Argo Group International Holdings, Ltd. is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. At Argo Group, we leverage the success, discipline and expertise of our people and an understanding of our customers’ needs to provide a diverse portfolio of products and services. Simply stated, our products and services help businesses stay in business.
Argo Surety currently has a challenging opportunity for an Underwriter/Credit Analyst Trainee in Commercial Surety.
SUMMARY:
Through a structured training program, the Underwriter Trainee will learn about Argo’s credit analysis and underwriting philosophy, Commercial Surety business unit products and strategies, principles of negotiation, and relationship building.
As your knowledge base increases, Underwriter Trainees will grow to underwrite, administer and service new and renewal business from our network of assigned agents/brokers. You will interact and collaborate with a team of Commercial Surety colleagues and other critical internal/external business associates as well as work to build positive relationships with agents and commercial accounts.
ESSENTIAL FUNCTIONS:
· Manage renewal business under the supervision of an Underwriter and move to developing new business
· Observe and work with Underwriter, Assistant Vice President and Vice President of Commercial Surety business unit to become familiar with the functions of this position
· Develop critical underwriting and financial analysis skills, through independent self study and on-the-job training, including analysis of client financial statements, exposures, determination of appropriate surety coverage and conditions, and the assignment of premium amounts.
· Use business acumen to perform gather and review information on financial conditions, risk exposure, loss history, and economic trends that may impact the terms and conditions offered to the client
· Accountable for accurate underwriting documentation/information in account management system and adherence to documentation standards
· Establish, support, and maintain effective relationships with clients, agents and brokers
QUALIFICATIONS:
· Bachelors degree in Finance or Accounting
· Solid understanding of financial and accounting principals and the ability to demonstrate sound business judgment in the evaluation of the financial condition, credit history, experience and character of commercial accounts
· Excellent communication and organizational skills as well as attention to detail
· Ability to work independently and juggle many tasks simultaneously in addition to comfortably interacting with people in small groups and social situations
In addition, you will share in those core values which are key to our success; having courage to do the right thing, inspiration/innovation/creativity, harnessing the potential of all individuals and sharing a commitment to excellence.
We offer a competitive compensation and benefits package.
EOE