Surety Underwriting Manager

Overview

IAT Insurance Group has an immediate opening for a Surety Underwriting Manager in our Greenwood Village, Colorado location. This role will work with both contract and commercial surety. This role will act to serve as a point member of our underwriting team, handling routine underwriting responsibilities in a manner consistent with the company policy and procedures. This involves interfacing with regional office Underwriters, various home office personnel, agents, and principals.

This role works a hybrid schedule from an IAT Office, Monday through Wednesday in the office with the option to work Thursday and Friday remotely.

• 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. May have authority to underwrite low-value bonds and renewals.
• 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 the 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 to foster and maintain ongoing relationships.
• Accurately communicate knowledge of assigned accounts to Branch and Home Office personnel via written and verbal means.
• Prioritize workflow to ensure work is completed in a timely fashion and all deadlines are met.
• Other job-related duties as required.

Must-Have:

• Bachelor's degree in Risk Management, Finance, Mathematics, Business, or related field with at least 7 years' experience in surety or equivalent.
• Equivalent is defined as 11 years of relevant finance experience.
• Thorough knowledge of the Surety industry with an analytical skillset, including a minimum of 5 years in the industry.
• Ability to apply loss development and advanced loss analysis concepts to achieve optimal pricing of a risk.
• Ability to creatively utilize reinsurance on individual risks to achieve company objectives.
• Must be authorized to work in the United States and must not require VISA sponsorship now or in the future for employment.

Preferred to Have:

• AFSB industry designations
• Experience with contract and commercial surety

The annual gross salary range for this posting is $120,000 to $170,000. This range represents the anticipated base salary range. Total compensation includes base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more. Actual salaries vary based on qualifications, skills, competencies, and geographical location related to this role.

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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 word and spirit. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.

We offer comprehensive benefits including paid time off, 401(k) match, profit sharing, hybrid work environment, training and development opportunities, healthcare and wellness programs, performance-based bonuses, educational assistance, and more.

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.

Underwriting Manager
• Greenwood Village, CO, United States