IAT Surety has an immediate opening for a Surety Underwriting Manager (also open to other underwriting levels) in our Birmingham, AL or Alpharetta, GA office 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 including but not limited to the below, in a fashion 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. 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 Thursday and Friday remotely.
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. 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 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.
- Other job-related duties as required.
Qualifications:Must-Have:- Bachelor's degree in Risk Management, Finance, Mathematics, Business, or related with at least 7 years' experience in surety or equivalent.
- Equivalent is defined as 11 years of relevant finance experience.
- Must have a thorough knowledge of the Surety industry along with an analytical skillset, which includes a minimum of 5 years of working in the industry.
- Must possess the ability to appropriately apply loss development and advanced loss analysis concepts to achieve optimal pricing of a risk.
- Must possess the ability to creatively utilize coverage features, deductibles, or reinsurance on individual risks to achieve company objectives.
- 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:- AFSB industry designations
- Experience with contract and commercial surety
Compensation:Please note, that the annual gross salary range associated with this posting is $120,000 to $170,000. 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.
To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits
