Surety Underwriting Manager
IAT Insurance Group · Raleigh, NC · 2 wk ago
FinanceFull-time
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
- 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 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
Qualifications
- Bachelor’s degree in Accounting, Finance, Mathematics, Business or related field with at least 7 years of experience in finance surety or equivalent
- Thorough knowledge of Surety industry along with an analytical skillset, which includes a minimum of 5 years of working in the industry
- Ability to appropriately apply loss development and advanced loss analysis concepts to achieve optimal pricing of a risk
- Ability to creatively utilize coverage features, deductibles, or reinsurance on individual risks to achieve company objectives
Preferred Qualifications
- AFSB industry designations