Surety Underwriting Manager

Surety Underwriting Manager

IAT Surety has an immediate opening for a Surety Underwriting Manager in our Birmingham, Alabama or Alpharetta, Georgia 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 that requires working from the office 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.

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