Graduate Trainee Underwriter - Surety

Tokio Marine HCC; Greater London; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

A leading specialty insurance company in Greater London is seeking a Graduate Trainee Underwriter for their Surety division. This permanent role involves underwriting various surety bonds, primarily in the construction sector. The successful candidate will build relationships with clients and brokers, assess financial risks, and provide insights for underwriting decisions. Graduates with a 1st Law degree and strong communication skills will thrive. The role offers competitive benefits, including hybrid working options and private healthcare.

Benefits

Hybrid working options

Non-contributory pension

Funded private healthcare

25 days holiday

Wellbeing allowance

Free parking

Qualifications

• Graduate with 1st Law degree.
• Excellent communication skills for relationship building.
• Good analytical skills and IT literate.

Responsibilities

• Underwrite surety risks in line with agreed strategy.
• Review legal documents and provide explanations for decisions.
• Build relationships with clients and stakeholders.

Skills

Excellent Communication skills

Analytical skills

IT literate

Education

1st Law degree

Job description

**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**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:**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.#LI-AH1