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Details
Posted: 13-Sep-23
Location: Newark, New Jersey
Type: Full Time
Salary: $70,000
Salary Details:
Additional $5,000 Sign-On Bonus
Internal Number: CONTR002260
Description
Raise your hand if you’re naturally curious and enjoy learning about different industries and how their businesses operate. We get that. In fact, this Underwriting Trainee role might be the perfect career launch to keep you learning, analyzing and growing. This position exposes hires to all angles of the Underwriting profession and will prepare hires to apply analytical skills to evaluate business risk from an insurance standpoint.
Building a strong career foundation is imperative to professional growth – that’s why our Underwriting Trainee program is designed to provide hires with the skills needed for a rewarding future in Underwriting. Trainees will be mentored by a designated coach to learn about the company, and the part they’ll play in making IAT successful.
Job Description:
IAT Insurance Group has an opening for a Contract Surety Underwriter Trainee in our Newark, New Jersey location, starting in June of 2024.
This position is a great entry-level career opportunity and/or a great position for someone with several years of industry experience who wants to continue to learn and grow in the insurance industry. The program consists of Home Office classroom sessions, Field Office training and individual study. This program offers qualified candidates the chance to learn about the insurance business and the opportunity for a successful career in the surety industry. Please note, IAT works on a hybrid schedule, working from the office Monday through Wednesday with the option of working remotely Thursday and Friday.
Upon completion of the training program the candidate will be prepared to:
- Assess legal documents including contracts, bond forms, General Agreements of Indemnity and similar documents
- Evaluate the financial position of firms by analyzing their financial statements, job schedules and credit reports
- Analyze a construction firm’s management and organizational capabilities to prosecute single projects and overall work program
- Develop effective business relationships with agency partnerships
- Closely interact with Branch Management and Home Office personnel
- Perform other duties as necessary
Qualifications:
- A four-year college degree, Juris Doctorate, or equivalent applicable experience (We will consider May 2024 graduates)
- Equivalent is defined as 4 years of applicable insurance industry experience.
- The desire and ability to travel
- Excellent oral and written communication skills as well as demonstrated leadership, professionalism, organization and time management
- Must be authorized to work in the United States without visa sponsorship by employer, now or in the future
*Current IAT employees must have been in their role for at least six months and must have received, at a minimum, a “Meets Expectations” during their performance review to be eligible for the program.
Our Culture
IAT is the largest private, family- owned property and casualty insurer in the U.S. Insurance Answers Together® is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers. It’s about far more than being a workplace. We’re a work family.
At IAT, our fundamental belief is to a create a culture where all employees are heard and have a sense of belonging. Inclusion and Diversity are not just initiatives, it’s how we live. We’re committed to driving and building an open and supportive culture. By embracing the uniqueness of our employees, investing in their development, listening to, and engaging their ideas, we are stronger as an organization.
Our employees propel IAT forward – driving innovation, stable partnerships and growth. That’s why we continue to build an engaging workplace culture to attract and retain the best talent.
We offer comprehensive benefits like:
- 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
- 7% 401(k) Company Match and additional Profit Sharing
- Hybrid work environment
- Numerous training and development opportunities to assist you in furthering your career
- Healthcare and Wellness Programs
- Opportunity to earn performance-based bonuses
- College Loan Assistance Support Plan
- Educational Assistance Program
- Mentorship Program
- Dress for Your Day Policy
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.
Come join the IAT family!
About IAT Insurance Group
For more than 25 years, IAT Insurance Group has partnered with agents to offer specialty property and casualty products to meet the needs of individuals and businesses alike. Our independent ownership and financial stability allow us to focus on long-term results and prioritize our partners’ success. With an extensive and ever-growing portfolio of insurance products, we work closely with agents to find the right solutions to help them compete both today and into the future.
We want IAT to be an amazing place to work, and we strive to make that a reality every day. In fact, building an engaging workplace culture that attracts and retains the best talent is one of our core values. Learn more about our culture: https://www.iatinsurancegroup.com/careers/culture.
More Jobs from This Employer
https://careercenter.acord.org/jobs/19140721/contract-surety-underwriter-trainee
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