Commercial Surety Underwriter Position

6 days ago

Bellevue, Washington, United States IAT Insurance Group Full time

We are seeking a skilled Commercial Surety Underwriter to join our team at IAT Insurance Group. This role will involve handling routine underwriting responsibilities, including financial and account analysis, bond renewal preparation, and maintaining agency relationships.

Key Responsibilities:

  • Financial and account analysis of pertinent financial data, authority, and referral requirements for consideration of new, existing, and renewal business
  • Requesting and gathering financial information on assigned accounts
  • Bond renewal preparation and determination on whether bonds should be canceled
  • Maintain Agency relationships and provide exceptional service and support
  • Provide general direction to the Bond Underwriting Assistants for bond processing
  • Provide quality recommendations to Branch and Home Office Reports on assigned accounts and agents
  • Rate and review bonds for premium and classification accuracy
  • Ensure accuracy and completeness of files and verify that all necessary documentation is complete in the file
  • Act as the primary service contact and visit agents assigned by the Regional Manager in order to foster and maintain an ongoing relationship
  • Accurately communicate knowledge of assigned accounts to Branch and Home Office personnel via written and verbal means
  • Prioritize workflow to ensure work is done in a timely fashion and all deadlines are met

Qualifications:

  • Bachelor's degree in Risk Management, Finance, Mathematics, Business or related with at least 2 years experience in Surety or equivalent
  • Equivalent is defined as 6 years of relevant Commercial or Contract Surety underwriting experience
  • Strong marketing skills and ability to obtain new business and work with clients
  • Strong competency in quantitative and financial analysis
  • Requires strong math aptitude, excellent verbal and written communication, interpersonal and negotiating skills
  • Must be customer service oriented and have the utmost integrity

We Offer:

  • 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 to assist you in furthering your career
  • Healthcare and Wellness Programs
  • Opportunity to earn performance-based bonuses
  • College Loan Assistance Support Plan
  • Educational Assistance Program
  • Mentorship Program

We are an equal opportunity employer and welcome applications from diverse candidates. Please note that the annual gross salary range associated with this posting is $75,000 to $95,000. This range represents the anticipated low and high end of the base salary for this position. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.

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