What are the responsibilities and job description for the Financial Products Underwriter Trainee - Bond Division (Chicago, IL) position at Great American Insurance Group?
Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.
At Great American, we value diversity and recognize the benefits gained when people from different cultures, backgrounds and experiences work collaboratively to achieve business results. We are intentionally focused on fostering an inclusive culture and know valuing diversity is an essential leadership quality. Our goal is to create a workplace where all employees feel included, empowered and enabled to perform at their best.
Great American's Bond Division has been underwriting surety and fidelity bonds for over 90 years. Great American is known for expert underwriting, solid financial strength, market leadership and creative solutions to all bonding needs. With a highly diverse product line, Great American is one of the top surety companies in the United States.
The Bond Division is currently searching for trainees to join our contract underwriting team in Chicago, IL. Participants will develop the fundamental skills required of a surety bond contract underwriter and learn to review and evaluate surety bond risks. They will work closely with experienced underwriters, managers, and experts within the Surety Bond division to learn underwriting skills.
http : / / www.greatamericaninsurancegroup.com / about-us / business-operations / division / bond
This six-month training program will take place at Great American's corporate headquarters in Cincinnati, OH. After the training, this position will be in our Chicago, IL office.
Training includes the following :
- Introduction to the insurance industry and the unique aspects of surety within the insurance industry.
- Analytical skills including financial statement analysis, trend analysis, and general business risk analysis.
- Pricing and terms for various risks.
- Relationship development and interpersonal skills necessary to obtain business opportunities and work within a team to achieve success.
- Interaction with agents and contractors to learn their perspective on business relationships.
- Development of independent judgment while providing access to vast resources and personnel.
- Investigation of new and existing accounts through internal and external resources.
- Utilization of technology to improve breadth and depth of risk analysis.
- Effective communication to persuasively present terms, conditions, and recommendations to internal and external stakeholders.
- Learning strategies to develop business opportunities and to grow a business.
- Risks associated with running a construction company and some of the most common reasons for failure.
The training is a combination of reading assignments and discussions, as well as on the job training including live interaction with agents, contractors, and team members. Data entry, manipulation, retrieval, and interpretation are also part of the training. Besides developing strong analytical skills, the training will improve oral and written communication to maximize personal success.
Job Requirements
Business Unit : Salary Range :
0.00 -$0.00
Benefits :
Compensation varies by role, position level, and location. Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.
We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave / adoption assistance, and a 401(k) plan with company match. These benefits are available to eligible full-time and part-time employees.
Your recruiter can provide more details about our total rewards and specific compensation ranges during the hiring process.
