IAT Insurance Group

Excess Casualty Underwriting Specialist

IAT Insurance Group$72K — $157K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree and at least eight years of relevant experience or equivalent
  • Twelve years of commercial insurance experience may substitute for the degree requirement
  • Strong knowledge of Excess and Surplus lines
  • Proficient in loss development and advanced loss analysis
  • Agency management experience is essential
  • Excellent math aptitude and strong communication skills
  • Proficient with various computer and internet-based programs.

Responsibilities

  • Underwrite and produce profitable business while adhering to company goals
  • Maintain and develop agency relationships, with a focus on collaboration
  • Follow company guidelines, processes, and regulatory compliance in underwriting decisions
  • Analyze various data types, including financial data, to make informed risk/reward decisions
  • Communicate effectively through multiple channels to stakeholders
  • Deliver prompt customer service and actively engage in marketing capabilities
  • Leverage metrics and industry knowledge to enhance territory performance.

Benefits

  • 401(K) match
  • Profit-sharing opportunities
  • Flexibility for remote work on Thursdays and Fridays
  • Occasional travel for job responsibilities
  • Collaborative office environment for in-person work days.
Full Job Description
Successful candidates will provide the right balance of speed to market coupled with coverage and pricing expertise on excess casualty when working with our wholesale partners.

Priority consideration for individuals with a proven and profitable track record with wholesale brokers building a book of middle-market accounts (over $40,000) with low frequency and moderate severity exposures. We will consider candidates with significantly more than eight years' experience.

This position can work from IAT's Office in the Central US. For the right candidate, other IAT locations, including remote, can be considered for highly qualified candidates. 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 remotely on Thursday and Friday. Occasional travel is required. Preferred IAT locations include:
  • Naperville, Illinois
  • Rolling Meadows, Illinois
  • Overland Park, Kansas
  • Kansas City, Missouri
  • Spring, Texas
  • Plano, Texas


Responsibilities:
  • Underwriting:
    • Underwrite and produce profitable business within the authority granted and consistent with company goals.
    • Maintain agency relationships, develop new relationships and recognize without bias any need to cease a relationship and contribute where possible to the amicable accomplishment, as necessary.
    • Adheres to company underwriting guidelines, processes and tools, an individual grant of authority, and appropriate regulatory and compliance requirements in the risk analysis and underwriting decision-making process.
    • Examines information such as insurance applications, websites, inspection reports, loss information, financial data and third-party data in evaluating and making appropriate risk/reward decisions.
  • Communication:
    • Effectively express information and ideas clearly through spoken, written and electronic means.
    • Demonstrates and effectively communicates an understanding of products and services.
  • Customer Service:
    • Provide prompt & courteous responses to both internal & external customers.
    • Actively engages with distribution to market our capabilities, benefits, and features, and identify new opportunities
    • Focus on Goals
    • Effectively leverages metrics and data to improve territory performance.
    • Understands market/industry issues, trends, and competitors.
  • Perform other tasks as needed.


Qualifications:

Must-Have:
  • Bachelor's degree and at least eight years of relevant experience or the equivalent
  • Equivalent experience is considered twelve years of relevant commercial insurance experience.
  • Knowledge of Excess and Surplus is required.
  • Must possess the ability to appropriately apply loss development and advanced loss analysis concepts to achieve optimal pricing of risk.
  • Must possess the ability to creatively utilize coverage features, deductibles, or reinsurance on individual risks to achieve company objectives.
  • Agency Management is a must.
  • Requires strong math aptitude, excellent verbal and written communication, interpersonal and negotiating skills.
  • Must possess knowledge of various computer programs, internet-based programs, and PC literate in the use of spreadsheets.
  • 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.


Preferred to Have:
  • Wholesale surplus lines experience
  • CPCU, ARM, or AU industry designations
  • INS21, 22, and 23 or equivalent is a plus
  • Eight or more years of experience in commercial Insurance


Compensation:

Please note, that the annual gross salary range associated with this role is $72,560 - $157,950. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.

To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits

About IAT Insurance Group

IAT Insurance Group is a privately held insurance company that provides a wide range of insurance products, including property and casualty, specialty, and surety. The company was founded in 1998 and is headquartered in Itasca, Illinois. IAT Insurance Group has over 1000 employees and operates in various industries, including transportation, construction, and energy. The company is committed to providing high-quality insurance products and services to its clients and has been recognized for its excellence in customer service and claims handling.
Learn more about IAT Insurance Group
Size
1,000 employees
Industry

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