What are the responsibilities and job description for the Internship - Surety Division - Morristown, NJ/Hybrid position at Crum & Forster?
Crum & Forster Company 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 " (Superior) 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 2024 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: www.cfins.com.
Job Description
Information about the Surety Internship
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 and who want to learn more about the world of surety.
A surety underwriting internship, will provide you the opportunity to work alongside an experienced team of professionals. The internship 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 and to give you an understanding of surety to help you decide if a career in surety is for you.
The internship opportunity is in our corporate headquarters in Morristown, NJ.
What YOU Will Do
If you require special accommodations, please let us know. 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 special accommodations, please let us know. Belonging at C&F, is a mindset. It’s about fostering a culture of inclusion and connection, where everyone feels valued, heard, and empowered to thrive and where our social impact efforts help strengthen the communities where we live and work.
For California Residents Only: Information collected and processed as part of your career profile and any job applications you choose to submit are subject to our privacy notices and policies, visit https://www.cfins.com/onlineprivacypolicy/ca/noticeatcollection/ for more information.
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 $16.00 to a maximum of $27.50. 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. To be considered within market range, a salary is at or above the minimum of the range. You may also have the opportunity to participate in discretionary equity (stock) based compensation and/or performance-based variable pay programs.
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 " (Superior) 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 2024 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: www.cfins.com.
Job Description
Information about the Surety Internship
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 and who want to learn more about the world of surety.
A surety underwriting internship, will provide you the opportunity to work alongside an experienced team of professionals. The internship 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 and to give you an understanding of surety to help you decide if a career in surety is for you.
The internship opportunity is in our corporate headquarters in Morristown, NJ.
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. You 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 trainees and early career individuals, including career and industry workshops, and community service opportunities, to name a few.
- A rising junior or senior majoring in business, finance or accounting is desired but all majors will be considered.
- Prior work experience and/or internships is preferred but not required.
- 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.
- An eight week paid internship program.
- Paid Time Off for those unexpected sick days
- Candidates with relevant experience will have the opportunity to diversity their training experience through special projects including data analytics or marketing efforts.
- 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.
If you require special accommodations, please let us know. 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 special accommodations, please let us know. Belonging at C&F, is a mindset. It’s about fostering a culture of inclusion and connection, where everyone feels valued, heard, and empowered to thrive and where our social impact efforts help strengthen the communities where we live and work.
For California Residents Only: Information collected and processed as part of your career profile and any job applications you choose to submit are subject to our privacy notices and policies, visit https://www.cfins.com/onlineprivacypolicy/ca/noticeatcollection/ for more information.
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 $16.00 to a maximum of $27.50. 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. To be considered within market range, a salary is at or above the minimum of the range. You may also have the opportunity to participate in discretionary equity (stock) based compensation and/or performance-based variable pay programs.
Salary : $16 - $28