Surety Underwriting Manager
1 month ago
We are seeking a highly skilled Surety Underwriting Manager to join our team at IAT Insurance Group. As a key member of our underwriting team, you will be responsible for handling routine underwriting responsibilities, including financial and account analysis, bond renewal preparation, and maintaining agency relationships.
Responsibilities:- Conduct thorough financial and account analysis to determine the feasibility of new, existing, and renewal business.
- Request and gather financial information on assigned accounts to ensure accurate underwriting decisions.
- Prepare and determine whether bonds should be cancelled, ensuring compliance with company policies and procedures.
- Maintain strong relationships with agencies and provide exceptional service and support.
- Provide general direction to Bond Underwriting Assistants for bond processing and ensure timely completion of tasks.
- Offer quality recommendations to Branch and Home Office Reports on assigned accounts and agents.
- Rate and review bonds for premium and classification accuracy, ensuring compliance with industry standards.
- Verify the accuracy and completeness of files and ensure all necessary documentation is complete.
- Act as the primary service contact and visit assigned agents to foster and maintain ongoing relationships.
- Communicate knowledge of assigned accounts to Branch and Home Office personnel via written and verbal means.
- Prioritize workflow to ensure timely completion of tasks and meet deadlines.
- Bachelor's degree in Risk Management, Finance, Mathematics, Business, or a related field with at least 7 years of finance experience or equivalent.
- Equivalent experience is defined as 11 years of relevant finance experience.
- Thorough knowledge of the Contract Surety industry and analytical skills, including a minimum of 5 years of working in the industry.
- Ability to apply loss development and advanced loss analysis concepts to achieve optimal pricing of a risk.
- Ability to creatively utilize coverage features, deductibles, or reinsurance on individual risks to achieve company objectives.
- Valid driver's license.
- Authorized to work in the United States and not require VISA sponsorship for employment purposes.
- AFSB industry designations.
We offer a comprehensive benefits package, including 26 PTO days, 7% 401(k) company match, hybrid work environment, and numerous training and development opportunities. If you are a motivated and experienced professional looking to join a dynamic team, please submit your application.
We are an equal opportunity employer and welcome applications from diverse candidates. We maintain a drug-free workplace and participate in E-Verify.
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