United Fire Group

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Surety Intern

Surety Intern

Job ID 
2017-1603
# of Openings 
1
Job Locations 
US-IA-Cedar Rapids
Posted Date 
9/13/2017
Category 
Surety
Travel 
10%
Company Car Provided? 
No

More information about this job

Overview

UFG Insurance is looking for an ambitious, career-minded individual with a strong financial aptitude and outstanding people skills for a professional internship in Surety Underwriting.

 

JOB SUMMARY

 

As a Surety Intern, you’ll learn to produce and underwrite a profitable book of surety business by building and maintaining strong relationships with independent agents.

You’ll use your analytical and decision-making skills to evaluate risk and determine acceptability within company parameters. On-the-job training will help develop your ability to determine acceptability of surety submissions, perform analysis of financial statements, read applications, analyze credit reports, as well as learn to use other sources of investigation.

This program will teach interns to work toward a profitable and controlled level of growth by servicing the existing business and meeting or exceeding the Department annual goals and objectives. The program will also show the intern how to make recommendations on existing accounts.

 

Responsibilities

  • Update and keep files current.
  • Observe the underwriting process by Annual Review of Financial files.
  • Travel to agencies.
  • Develop marketing material – change to Assist with marketing activities.
  • Systems training.
  • Observation of other departments.
  • Learning the basics of the components making up commercial surety, help process commercial surety business.
  • Perform special projects as assigned.

 

  • Ambitious career minded candidates with a strong financial aptitude and outstanding people skills for a professional career in Surety Underwriting.
  • Should be proficient in: risk evaluation, contract knowledge, common sense judgment and big picture views. Delete this bullet point?
  • Strong communication (written and verbal), influencing, negotiating, listening, and interpersonal skills to effectively develop/maintain productive internal and external relationships.
  • Job requires an ability and willingness to learn financial analysis; an aptitude for numbers and finance is desired.
  • Ability to maintain strong working relationships with agency force to attract profitable business for UFG.
  • Good decision making skills are required; training will develop decision-making skills that will best benefit the company.
  • Ability to successfully deal with people in a tactful and diplomatic manner, to promote a positive company image with a focus on providing quality and timely service.

Qualifications

  • Must have completed Junior year of college with major emphasis in Accounting, Business Administration, Finance or Economics are preferred.
  • Candidates must have effective analytical, interpersonal and written/verbal communication skills.
  • Ability to perform fundamental financial analysis and willingness to travel.
  • Must be proficient in Microsoft Word and Excel.

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