Merchants Bonding Company · 3 weeks ago
Underwriting Trainee - Commercial - Philadelphia
Phoenixville, PA 19460
Full-time
Hybrid
New Grad, Entry Level
$59K/yr - $73K/yr
0+ years expMerchants Bonding Company is hiring professionals who value clarity, collaboration, and opportunities to make an impact. The Underwriter Trainee evaluates commercial surety bond submissions, analyzes financial information, and builds agency relationships to grow production while supporting underwriting accuracy and operational efficiency.
Insurance
Responsibilities
Review new submissions, financial statements, applications, legal documents, and bond forms to determine commercial surety risk
Document underwriting files and maintain supporting analysis for all decisions
Evaluate renewal files and approve or deny bonds within assigned authority
Monitor and support collection of accounts receivable for commercial surety business
Communicate underwriting decisions professionally through written and verbal channels
Solicit commercial surety business by building and maintaining agency relationships nationwide
Engage with agencies through visits, calls, emails, and marketing tools to strengthen production
Follow up on commercial bonding leads to generate written premium
Support territory production goals through planned travel and coordinated agency engagement
Negotiate commission structures and underwriting terms within authority
Monitor agent payment issues and recommend appropriate actions to senior underwriting staff
Research statutes and regulations to support the development of accurate underwriting opinions
Assist in reviewing bond forms, statutes, and rate materials to ensure proper underwriting guidance
Update forms, opinions, and related materials to reflect legislative changes with senior approval
Recommend rating or classification adjustments to strengthen competitiveness or mitigate risk
Participate in projects that support workflow enhancements and underwriting efficiency
Qualification
Required
Bachelor's degree or equivalent work experience in Business, Insurance, Finance, or Marketing
0-1 years of experience in the insurance or bond industry
Knowledge of the legislative process and regulatory environment
Knowledge of the sales process as it pertains to independent agencies and insurance products
Able to work well with diverse groups of peers
Communicate positively and respectfully
Provide excellent customer service to external and internal stakeholders
Strong analysis and critical thinking skills
Balance workload assignments within time constraints
Business acumen
Retain strict confidentiality
Able to accurately analyze detailed financial documents
Analyze risk and make sound underwriting decisions
Able to travel nationwide
Build long-term relationships and deal with conflict
Benefits
Flexible hybrid and remote opportunities with 37.5 hour work week
Free health insurance option
Paid volunteer time off with matching gift program
Infants in the Workplace Program with family resources
Company
Merchants Bonding Company
Merchants Bonding Company is an insurance company offering contract surety bonds, commercial license, notary, probate, and fidelity bonds.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
David Hewett
Chief Underwriting Officer
Jarvis Williams
Corporate Expansion Partner
Recent News
CITYVIEW
2025-11-05
2025-01-22
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