Surety Underwriter Trainee

UFG is currently seeking a Surety Underwriter Trainee to join our growing Surety Department. You will be provided on the job training that will teach you how to perform analysis of financial statements, review contractor applications, analyze credit reports and learn to use various sources to conduct research. The trainee program will guide you on how to make recommendations on existing and new business. It will teach you how to determine acceptability of submissions and work toward a profitable and controlled level of growth. This will be done by servicing the business as well as meeting or exceeding the department’s annual goals and objectives. Through travel with experienced underwriters, you will learn how to conduct successful agency visits, mutually beneficial contractor visits and market UFG Surety products to new and existing agency partners. Successfully complete a comprehensive surety underwriting training program consisting of mentoring, self-study, and on-line learning. Gain an understanding and develop analytical skills on how to investigate, analyze, and underwrite surety business profitably. Underwrite new submissions and existing accounts with assistance from mentors. Evaluate and assess financial status, credit standing, and organization profile to analyze and determine acceptability of the risk within the framework of UFG underwriting policies and procedures. Assist surety underwriters in processing their books of business. Handle confidential information with discretion. Provide high-quality customer service in all interactions with internal and external customers Gain exposure and skills on various software platforms. Qualifications: Bachelor’s degree, or combination of education or surety experience. Bachelor’s degree in business administration, economics, finance or accounting preferred. Certifications/Designations: Certified, or working towards, AFSB designation, preferred. Employees are expected to participate in continuing education throughout their careers. Experience: 1+ years of professional work experience preferred. Working Conditions: General office environment. Accompany surety representatives to visit agency force and contract accounts. May be exposed to weather conditions, and/or results and debris of adverse weather conditions, during agency/contract visits. Pay Transparency Statement: UFG Insurance is committed to fair and equitable compensation practices. The base salary range for this position is $60,000 - $75,000 annually, which represents the typical range for new hires in this role. Individual pay within this range will be determined based on a variety of factors, including relevant experience, education, certifications, skills, internal equity, geography and market data. In addition to base salary, UFG Insurance offers a comprehensive total rewards package that includes: Annual incentive compensation Accident, critical Illness & short-term disability insurance Retirement plans with employer contributions Generous time-off program Programs designed to support the employee well-being and financial security. This pay range disclosure is provided in accordance with applicable state and local pay transparency laws. Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor. #J-18808-Ljbffr UFG Career