Contract Surety Underwriting Manager

IAT Insurance Group•Norristown, PA

23d•Hybrid

About The Position

IAT Surety has an immediate opening for a Contract Surety Underwriting Manager in our Norristown, Pennsylvania 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 in Norristown, Pennsylvania. The hybrid requires working from the office Monday through Wednesday, with the option of working Thursday and Friday remotely.

Requirements

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 Surety experience.
Must have thorough knowledge of Contract 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.

Nice To Haves

Preferred to Have: AFSB industry designations

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.

Benefits

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