IAT Insurance Group

Surety Underwriting Manager

IAT Insurance Group$90K — $120K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting, Finance, Mathematics, Business or related with 7 years of experience in finance surety or equivalent.
  • 11 years of relevant finance experience may substitute for degree requirements.
  • Thorough knowledge of the Surety industry with at least 5 years of experience.
  • Ability to apply loss development and advanced loss analysis concepts for price optimization.
  • Creative use of coverage features, deductibles, or reinsurance to meet company goals.
  • Authorized to work in the U.S. without requiring VISA sponsorship.

Responsibilities

  • Analyze financial data and assess account risk for new and renewal business.
  • Gather financial information for assigned accounts.
  • Prepare bond renewals and evaluate for potential cancellations.
  • Maintain and cultivate agency relationships, ensuring high-quality support.
  • Direct Bond Underwriting Assistants in processing tasks.
  • Provide recommendations for assigned accounts and agent reports.
  • Review bonds for accuracy in premiums and classifications.

Benefits

  • 26 PTO Days + 12 Company Holidays = 38 Paid Days Off
  • 7% 401(k) Company Match plus Profit Sharing
  • Hybrid work environment
  • Extensive training and development opportunities
  • Healthcare and Wellness Programs
  • Performance-based bonuses
  • College Loan Assistance Support Plan
  • Educational Assistance Program
  • Mentorship Program
  • Flexible Dress Code Policy
Full Job Description
IAT Insurance Group has an immediate opening for a Multi-Line Surety Underwriting Manager (Contract, Commercial, Subdivision) in our Charlotte, NC or Raleigh, NC location. 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 cancelled.
  • 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 accuracy and completeness of files and verify that all necessary documentation is complete in 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:
  • Bachelors' degree in Accounting, Finance, Mathematics, Business or related with at least 7 years-experience in finance surety or equivalent.
  • Equivalent is defined as 11 years of relevant finance experience.
  • Must have thorough knowledge of 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


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.

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 letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.

At IAT, we're committed to driving and building an open and supportive culture for all. Our employees propel IAT forward - driving innovation, stable partnerships and growth. That's why we continue to build an engaging workplace culture to attract and retain the best talent.

We offer comprehensive benefits like:
  • 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
  • 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.

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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