Underwriting trainee

Overview

Crum & Forster (C&F) , with a proud history dating to 1822, provides specialty and standard commercial lines insurance products through our admitted and surplus lines insurance companies.

C&F enjoys a financial strength rating of "A" (Excellent) by AM Best and is proud of our superior customer service platform.

Our claims and risk engineering services are recognized as among the best in the industry.

Our most valuable asset is our people : more than 2000 employees in locations throughout the United States. The company is increasingly winning recognition as a great place to work, earning several workplace and wellness awards, including the October 2023 Great Place to Work Award for our employee-first focus and our steadfast commitment to diversity, equity and Inclusion.

C&F is part of Fairfax Financial Holdings, a global, billion dollar organization. For more information about Crum & Forster, please visit our website :

Job Description

Information about the Surety Training Program

Surety is a credit business that provides financial and performance guarantees to a variety of industries including construction, manufacturing, financial institutions, technology and energy.

You may be saying to yourself, that’s great but what exactly does that mean, Surety bonds, for example, are important to the construction industry.

These bonds ensure that projects will be built to the appropriate specifications, and that all parties working on the project will be paid for work performed.

If this has peaked your interest and curiosity we’re looking for enthusiastic, ambitious, self-starters with a track record of success to join C&F’s surety team.

As a surety underwriting trainee, you’ll work alongside an experienced team of professionals to assist your development.

The program consists of a combination of mentorship, classroom instruction, self-study and on the job training. Our program is designed to provide you with a strong technical foundation for long term success.

We have two opportunities available in our corporate headquarters in Morristown, NJ office.

What YOU Will Do

Receive a hands-on introduction to surety underwriting by shadowing an experienced underwriter during the review of financial data and analysis of surety accounts.

Each trainee will participate in account meetings, bond form reviews, file documentation, database entries, and management meetings.

• Receive operations training that will give you firsthand experience with what happens to a surety bond from issuance to premium processing.
• Participate in underwriting and claims training events and e-learning curriculum to enhance industry knowledge and professional skills.
• Engage with cross functional teams and business leaders throughout the insurance operation to gain exposure of all facets of the industry.
• Network with other trainees and early career individuals, including career and industry workshops, and community service opportunities, to name a few.

What YOU Will Bring to C&F

• Recent college graduate with a major in business, finance or accounting is desired but all majors will be considered.
• Prior work experience, including summer or part-time roles or internships preferred.
• Proven leadership qualities demonstrated through work, community service, athletics, or clubs preferred.
• Ability to gather and analyze data effectively.
• Strong analytical and problem-solving skills.
• Strong oral, written, and interpersonal communication skills.
• Solid organizational, time management, and planning skills essential.
• Experience with MS Office Suite (Outlook, Excel, Word & Power Point).
• A passion for learning.
• An innovative, entrepreneurial spirit.
• Ability to take ownership and see tasks through to completion.

Willing to relocate after the completion of the eighteen month training program.

What C&F will bring to you

• Competitive compensation package
• Generous 401K employer match
• Employee Stock Purchase plan with employer matching
• Generous Paid Time Off
• Excellent benefits that go beyond health, dental & vision. Our programs are focused on your whole family’s wellness including your physical, mental and financial wellbeing
• A core C&F tenant is owning your career development so we provide a wealth of ways for you to keep learning, including tuition reimbursement, industry related certifications and professional training to keep you progressing on your chosen path
• A dynamic, ambitious, fun and exciting work environment
• We believe you do well by doing good and want to encourage a spirit of social and community responsibility, matching donation program, volunteer opportunities, and an employee driven corporate giving program that lets you participate and support your community

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At C&F you will BELONG

We value inclusivity and diversity. We are committed to equal employment opportunity and welcome everyone regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status.

If you require a special accommodation, please let us know.

Crum & Forster is committed to ensuring a workplace free from discriminatory pay disparities and complying with applicable pay equity laws.

Salary ranges are available for all positions at this location, taking into account roles with a comparable level of responsibility and impact in the relevant labor market and these salary ranges are regularly reviewed and adjusted in accordance with prevailing market conditions.

The annualized base pay for the advertised position, located in the specified area, ranges from a minimum of $44,030.00 to a maximum of $73,380.

00. The actual compensation is determined by various factors, including but not limited to the market pay for the jobs at each level, the responsibilities and skills required for each job, and the employee’s contribution (performance) in that role.

Last updated : 2024-04-23

Salary : $73,380