Surety Senior Underwriter at IAT Insurance Group
IAT Insurance Group · Newark, United States Of America · Hybrid
- Senior
- Office in Newark
IAT Insurance Group is seeking a highly skilled Senior Commercial Surety Underwriter to join our team in Newark, New Jersey. This role will handle most aspects of daily interaction with assigned agents regarding new and existing accounts which includes gathering, analyzing, and evaluating all information on an account and making a recommendation or decision to the Regional Manager based on that information. This role works a hybrid schedule from an IAT Office. The hybrid schedule requires working from the office Monday through Wednesday, with the option of working Thursday and Friday remotely.
Responsibilities
- Proactively seek renewal and new account opportunities
- 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
- Market independently to our agent and broker partners with an emphasis on production
- Enhance IAT’s presence in the marketplace
- 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 the file
- Serve as key contact for assigned target accounts.
- Prioritize workflow to ensure work is done in a timely fashion and all deadlines are met
- Perform other duties as needed
Qualifications:
Must-Have:
- Bachelor’s degree, at least 4 years of relevant experience or equivalent.
- Equivalent is defined as 8 years of relevant bond underwriting experience.
- Must have two years of surety underwriting experience.
- Passion for marketing and developing relationships.
- Strong competency in quantitative and financial analysis.
- Requires strong math aptitude, excellent verbal and written communication, interpersonal and negotiating skills.
- Must be customer service oriented and have the utmost integrity.
- 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 designation.
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.
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.
Compensation:
Please note, that the annual gross salary range associated with this posting is $163,270 – $137,880. This range represents the anticipated low and high end of the base salary for this position. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.
To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits
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