Surety Assistant Underwriting Manager
IAT Surety has an immediate opening for a Surety Assistant Underwriting Manager in our Walnut Creek, California. This role will 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- Proactively seek renewal and new account opportunities
- Financial and account analysis of construction companies, authority, and referral requirements for consideration of new, existing and renewal business.
- Requesting and gathering financial information on assigned accounts.
- Maintain agency relationships and assist in developing or strengthening relationships with agents that are not directly assigned.
- Market independently to our agent and broker partners with an emphasis on production
- Enhance IAT’s presence in the marketplace
- Provide general direction to the Bond Underwriting Assistants for bond processing and the Contract Underwriters in Walnut Creek.
- Formulate quality recommendations to Branch and Home Office 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 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.
- Bachelors’ degree in Finance, Mathematics, Business or related with at least 6 years-experience in Contract Surety or equivalent.
- Equivalent is defined as 9 years of relevant Contract Surety underwriting experience.
- Knowledge of Surety
- Passion for marketing and developing relationships
- Strong competency in quantitative and financial analysis
- Requires strong math aptitude, excellent verbal and written communication
- Desire to develop as a leader
- 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.
- AFSB industry designations
- Experience with both contract and/or commercial surety
- Existing industry relationships
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 $118,000 – $147,000. 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
Originally posted on Himalayas
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