Senior Contract Surety Underwriter

Join to apply for the Senior Contract Surety Underwriter role at IAT Insurance Group IAT Insurance Group has an immediate opening for a Contract Surety Senior Underwriter located in our Spring, Texas location. This role will handle most aspects of daily interaction with assigned agents regarding new and existing accounts, including gathering, analyzing, evaluating all information on an account, and making a recommendation or decision to the Regional Manager based on that information. This role works a hybrid schedule from an IAT Office. The hybrid schedule reflects our values (thinking and acting like an owner, collaboration, and teamwork) as it requires working from the office with colleagues and other disciplines Monday through Wednesday, with the option of working Thursday and Friday remotely. Responsibilities Review initial submissions to determine any additional information needed and initiate correspondence to obtain documentation as required. Set‑up financial backer files for new accounts and maintain these files, requesting updated information if necessary. Advise manager immediately if significant negative developments or events occur. Compose narratives for new accounts, update them annually, and submit them to manager with account recommendations for review. Update accounts in the Underwriting Database with current financial statement information. For bond submissions not affiliated with an account, analyze the risk/class, underwriting requirements and applicant’s qualifications; determine appropriate rate and indemnity needed; make a recommendation to the manager if not within your authority. Evaluate unfamiliar or new bond requirements and discuss with manager if necessary, especially for high‑risk industries (e.g., mortgage brokers, money transmitters). Maintain individual bond files requiring annual underwriting updates; request information from the agent if necessary. Ensure proper indemnity has been secured for new bonds being reported. Evaluate requests to close bonds requiring a release of surety and submit a recommendation to manager if necessary. Maintain information on bond‑specific underwriting requirements and hazards of certain bonds. Periodically check agent’s bond number logs to ensure bonds are being reported and/or outstanding bond numbers have been requested. Perform reference checks and order/review credit reports to document past capabilities and ability to handle relationships. Analyze financial statements to ascertain key components and ratios. Evaluate need for additional measures to protect surety (e.g., indemnity agreements, collateral, escrow arrangements); discuss with supervisor as needed. Maintain file documentation so that information for existing active accounts is fresh enough to make an informed decision if a new request arises. Communicate decisions clearly and expeditiously to the Regional Manager. Have regular discussions or visits with the Agency Principal/Producer about new opportunities for expanding the IFIC presence in the Agency. Meet premium targets assigned by the Regional Manager. Perform other job‑related duties as required. Qualifications – Must Have Bachelor’s degree in Risk Management, Finance, Mathematics, Business, or related field with at least 4 years of bond underwriting experience (or 8 years of relevant experience). Strong marketing skills and ability to obtain new business and work with contractor clients. Strong competency in quantitative and financial analysis. Excellent mathematical aptitude, verbal and written communication, interpersonal and negotiation skills. Customer‑service oriented with utmost integrity. Knowledge of various computer programs, internet‑based tools, and proficiency in spreadsheets. Valid driver’s license. Authorized to work in the United States without visa sponsorship. Qualifications – Preferred AFSB industry designation. Benefits 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off 7% 401(k) company match and additional profit sharing Hybrid work environment Numerous training and development opportunities Healthcare and wellness programs Opportunity to earn performance‑based bonuses College loan assistance support plan Educational assistance program Mentorship program Dress for Your Day policy EEO Statement All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug‑free workplace and participate in E‑Verify. IAT Insurance Group is the largest private, family‑owned property and casualty insurer in the U.S. Insurance Answers Together® is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses and build an engaging workplace culture. #J-18808-Ljbffr