Graduate Trainee Underwriter

Job Title: Graduate Trainee Underwriter – Surety

Reporting to: Underwriting Director – Surety

Direct Reports: None

Position Type: Permanent, Full time, 35 hours per week, Monday to Friday

Overview:

Why Tokio Marine HCC?

Standing still is not an option in the current world of Insurance. TMHCC are one of the world's leading Specialty Insurers, with us being part of the global Tokio Marine Group which ranks among the top 10 non-life insurance groups. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.

Job Purpose:

Are you an exceptional law graduate (1st Class degree) who is interested in putting your legal skills into practise without having to joining a legal practise? Are you able to understand how financial statements tell a story about a company? If so, this role offers excellent prospects and earnings potential outside of a traditional law firm as well as study support for relevant professional qualifications.

The Surety division at TMHCC provides bonds and guarantees in respect of contractual and/or regulatory obligations to clients domiciled globally, but with primary focus on Western Europe. The successful candidate can expect to progress to an Underwriting position within three to five years, depending on progress, and as a result this role offers exceptional earning potential. Once training is completed, you will be underwriting all types of Surety bonds, especially for the construction industry.

Key Responsibilities:

• Underwriting of surety risks in line with agreed strategy and personal authority limits.
• Review and agreement of legal documents (such as bond forms, security documents, contracts and other agreements).
• Building relationships with internal and external stakeholders and clients. Liaise effectively with clients and brokers.
• Gather relevant and sufficient information both financial and other, to assess financial strength of existing and potential clients.
• Researching the internet and other media to find relevant and up to date information.
• Analyse information gained from various sources to add to reports.
• Assist in internal and external meetings as required.
• Be able to provide explanation and reasons for decisions made.
• Create and present reports as required.
• Maintain company records and databases.
• Identify and escalate any potential risks.
• Assist with market and product development.
• Other reasonable duties as instructed by the Senior Underwriter/Head of Department.

Performance Objectives:  

• Gained a good understanding of the internal Surety bond and guarantee processing systems and the application of premium rating methods.
• Understand and provide the team with relevant and timely information that will inform underwriting decisions

Skills and Experience Specification:

Essential:

• Graduate with 1st Law degree
• Excellent Communication skills
• Presentable individual who is able to build effective relationships with external facing stakeholders i.e. brokers/clients
• Good analytical skills
• IT literate
• Desire to gain professional qualification
• Some travel will feature
• Out of hours meetings i.e. networking/relationship building may be necessary

Key Benefits

• Hybrid working options
• Non-contributory pension
• Funded private healthcare
• 25 days holiday (plus bank holidays)
• Wellbeing allowance
• Free parking

What We Offer

 The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.

The Tokio Marine HCC Group of companies is an equal opportunity employer.  Please visit for more information about our companies.

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