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Application Form

LAW Graduate Trainee Underwriter

Up to £25000.00 per annum

City of London, Greater London

MW Appointments

LAW GRADUATE TRAINEE - UNDERWRITING



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 and attendance on the TMHCC Career Accelerated Programme.



Overview:

Join one of the world's leading Speciality Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, we evaluate and manage 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 values to be a Good Company, and so is a desire to grow and provide creative and innovative solutions to our clients.



Surety Division:



The Surety division provides bonds and guarantees in respect of contractual and/or regulatory obligations to clients domiciled globally, but with primary focus on Western Europe.



Progression Expectations: 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.



Study Support: Study support is provided for relevant professional qualifications as well as attendance on our new 3 year professional development Career Acceleration Programme.



Job Purpose:

Underwriting of 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 / Early Deliverables:



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



Ref 8540

MW Appointments is acting as an Employment Agency in relation to this vacancy.

Contact Details

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