Surety Underwriter

IAT Insurance Group is seeking a highly skilled Senior Surety Underwriter to join our team in Greenwood Village, Colorado. As a Senior Surety Underwriter, you will be responsible for handling both contract and commercial surety, working closely with assigned agents to gather, analyze, and evaluate account information, and making recommendations to the Regional Manager.

• Review initial submissions to determine additional information needed and initiate correspondence to obtain documentation.
• Set up financial backer files for new accounts and maintain them, requesting updated information as necessary.
• Advise the manager immediately of significant negative developments or events.
• Compose narratives for new accounts, update them annually, and submit them to the manager with account recommendations.
• Update accounts in the Underwriting Database with current financial statement information.
• Analyze bond risk/class, underwriting requirements, and review applicant qualifications to determine the appropriate rate and indemnity.
• Evaluate unfamiliar or new bond requirements and discuss with the manager if necessary.
• Ensure proper indemnity has been secured for new bonds being reported.
• Value requests to close bonds requiring a release of surety and requests to release collateral, submitting a recommendation to the manager if necessary.
• Maintain information on bond-specific underwriting requirements and hazards.
• Perform reference checks and order credit reports to document proven past capabilities and ability to handle relationships.
• Analyze financial statements to ascertain key components and ratios.
• Evaluate the need for additional measures to protect surety, such as perfecting indemnity agreements or taking collateral.
• Evaluate specific bond requests with regard to unusual hazards and discuss with the supervisor as required.
• Maintain file documentation to ensure information for existing active accounts is fresh enough to make informed decisions.
• Communicate decisions clearly and expeditiously to the Regional Manager.
• Regularly discuss or visit with the Agency Principal/Producer about new opportunities for expanding the IFIC presence in the Agency.
• Meet premium targets assigned by the Regional Manager.

• Bachelor's degree in Risk Management, Finance, Mathematics, Business, or related field with at least 4 years' experience in surety underwriting or equivalent.
• Equivalent experience defined as 8 years of relevant bond underwriting experience.
• Strong marketing skills and ability to obtain new business and work with contractor clients.
• Strong competency in quantitative and financial analysis.
• AFSB industry designation preferred.
• Requires strong math aptitude, excellent verbal and written communication, interpersonal, and negotiating skills.
• Must be customer service oriented and have utmost integrity.
• Must possess knowledge of various computer programs, internet-based programs, and PC literate in the use of spreadsheets.
• Must be able to provide a valid driver's license.
• To qualify, applicants must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes.

IAT Insurance Group is a family-owned property and casualty insurer in the U.S. We work together to provide solutions for people and businesses, collaborating internally and with partners to provide the best possible insurance and surety options for our customers. We're a work family, committed to creating a culture where all employees are heard and have a sense of belonging.

• 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

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.

Please note that the annual gross salary range associated with this posting is $95,000 to $125,000. 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. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role.