Surety Underwriting Manager

This role is open in our Birmingham, AL or Alpharetta, GA office and will work with both contract and commercial surety. The position operates on a hybrid schedule, requiring in-office collaboration Monday through Wednesday with the option to work 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 canceled.
• 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 the accuracy and completeness of files and verify that all necessary documentation is complete in the file.
• Act as the primary service contact and visit agents assigned by the Regional Manager to foster and maintain ongoing relationships.
• 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.
• Other job-related duties as required.

Requirements

• Bachelor’s degree in Risk Management, Finance, Mathematics, Business, or related field with at least 7 years’ experience in surety or equivalent (defined as 11 years of relevant finance experience).
• Thorough knowledge of the Surety industry along with an analytical skillset, including 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.
• Must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes.

Preferred Qualifications

• AFSB industry designations.
• Experience with contract and commercial surety.

About Us

IAT is the largest private, family-owned property and casualty insurer in the U.S. Insurance Answers Together® defines our collaborative approach to providing solutions for people and businesses. We foster an inclusive culture where all employees are heard and have a sense of belonging, embracing uniqueness and investing in development to drive innovation and growth.

Benefits

• 38 paid days off (26 PTO days + 12 company holidays).
• 7% 401(k) company match and additional profit sharing.
• Hybrid work environment.
• Numerous training and development opportunities.
• Healthcare and wellness programs.
• Performance-based bonus opportunities.
• College Loan Assistance Support Plan.
• Educational Assistance Program.
• Mentorship Program.
• Dress for Your Day Policy.

Pay

The annual gross salary range for this position is $120,000 to $170,000. Total compensation includes base salary, performance-based bonuses, 401(k) match, and profit-sharing opportunities. Actual salaries will vary based on qualifications, skills, competencies, and geographical location.