Worldwide Companies City

Job Descrption

IAT Surety has an immediate opening for a Surety Senior Underwriter located in our Greenwood Village, Colorado location that will be handling both contract and/ or commercial surety.   This role will handle most aspects of daily interaction with assigned agents regarding new and existing accounts this 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 reflects our values (thinking and acting like an owner, collaboration, and teamwork) as it requires working from the office with colleagues Monday through Wednesday, with the option of working Thursday and Friday remotely.   Responsibilities

• Review initial submissions to determine any additional information needed. Initiate correspondence to obtain documentation as required
• Set up financial backer files (account files) for new accounts. Maintain financial backer files and request updated information if necessary (financial statements, credit reports, correspondence, news, etc.) and monitor the aggregate liability
• Advise the manager immediately if there have been any significant negative developments or events
• Compose narratives for new accounts, update narratives on an annual basis, and submit them to the manager with account recommendations for review
• Update accounts in the Underwriting Database with current financial statement information
• For bond submissions not affiliated with an account, analyze the bond risk/class, the underwriting requirements for that class and review the applicant’s qualifications. Determine the appropriate rate and indemnity needed and make a recommendation to the manager if not within your own authority
• Evaluate unfamiliar or new bond requirements and discuss with the manager if necessary (if potentially hazardous, high risk associated with industry {i.e. mortgage brokers, money transmitters})
• Make sure proper indemnity has been secured for new bonds being reported
• valuate requests to close bonds which require a release of surety and requests to release collateral and submit a recommendation to manager if necessary
• Maintain information on bond-specific underwriting requirements and on hazards of certain bonds
• Perform reference checks and order and review credit reports to document proven past capabilities and ability to handle relationship
• Analyze financial statements to ascertain key components and ratios
• Evaluate need for additional measures to protect surety. This means perfecting indemnity agreements, possibly taking collateral, escrow arrangements, or additional outside indemnity. Discuss such additional measures as needed with supervisor
• Evaluate specific bond requests with regard to any unusual hazards. Discuss with supervisor as required
• Maintain file documentation so that information for existing active accounts is fresh enough to make an informed decision should a new request come up
• Communicate decisions as clearly and expeditiously as possible to the Regional Manager
• Regular discussion or visit with the Agency Principal/Producer about new opportunities for expanding the IFIC presence in the Agency
• Meet certain premium targets assigned to the Senior Bond Underwriter by the Regional Manager.
• Perform other job-related duties as required

  Qualifications: Must-Have:

• Bachelor’s degree in Risk Management, Finance, Mathematics, Business or related with at least 4 years’ experience in surety underwriting or equivalent.
• Equivalent is defined as 8 years of relevant bond underwriting experience
• Strong marketing skills and ability to obtain new business and work with contractor clients
• Strong competency in quantitative and financial analysis
• AFSB industry designation preferred
• Requires strong math aptitude, excellent verbal and written communication, interpersonal and negotiating skills
• Must be customer service oriented and have the utmost integrity
• Must possess knowledge of various computer programs, internet-based programs, and PC literate in the use of spreadsheets
• 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
• Experience with both contract and commercial surety

  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 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
• 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 $95,000 to $125,000.  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.    To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits   #LI-JG1

Your CV has been submitted successfully.

 Send CV

 Send CV

 Send CV

American Hospital Dubai  

 Apply

Marriott International  

 Apply

IHG  

 Apply

NMC Healthcare  

 Apply

Aster DM Healthcare  

 Apply

Emaar  

 Apply

Jumeirah Group  

 Apply

Samsung Electronics  

 Apply

Halliburton  

 Apply

Mediclinic  

 Apply