Surety Underwriting Manager

IAT Insurance Group, Inc.
Columbus, OH Full Time
POSTED ON 7/15/2022 CLOSED ON 6/5/2023

Job Posting for Surety Underwriting Manager at IAT Insurance Group, Inc.

IAT Surety has an immediate opening for a Contract Surety Underwriter in our Columbus, Ohio 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.

Please note, IAT works on a hybrid schedule, working from the office Monday through Wednesday with the option of working remotely Thursday and Friday.

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.
  • Perform other job-related duties as required


Qualifications:
Must Have:
  • Bachelors’ degree in Risk Management, Finance, Mathematics, Business or related with at least 12 years-experience in Contract Surety or equivalent.
  • Equivalent is defined as 16 years of relevant Contract Surety underwriting experience.
  • Must have thorough knowledge of Contract Surety industry along with an analytical skillset.
  • 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 preferred.
  • INS21, 22 and 23 or equivalent is a plus.


Our Culture
IAT 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. It’s about far more than being a workplace. We’re a work family.


At IAT, our fundamental belief is to a create a culture where all employees are heard and have a sense of belonging. Inclusion and Diversity are not just initiatives, it’s how we live. We’re committed to driving and building an open and supportive culture. By embracing the uniqueness of our employees, investing in their development, listening to, and engaging their ideas, we are stronger as an organization.

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
  • Healthcare and Wellness Programs
  • Opportunity to earn performance-based bonuses
  • 7% 401(k) Company Match and additional Profit Sharing
  • College Loan Assistance Support Plan
  • Educational Assistance Program
  • Mentorship Program
  • Dress for Your Day Policy

We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and participate in E-Verify.

Come join the IAT family!

COVID 19 Statement:
IAT actively tracks COVID vaccination rates, possible symptoms, and cases across the organization so we can make informed decisions about workplace safety. As a result, while IAT does not require employees to be vaccinated, we do require testing for COVID-19. All employees are required to log their vaccination record, if applicable, and attest daily to being symptom free before entering IAT offices.

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