Underwriter

What You'll Do

• Apply data-driven analysis, collaborate with carrier and broker partners, and help steward a high-impact book of business with VGM Insurance's surety bond clients.
• Achieve new business & retention goals through proper underwriting and servicing of accounts throughout the bond term.
• New business underwriting of DMEPOS Medicare & Medicaid Bonds.
• Obtain other bond quotes as needed for current & new customers working with carrier partners.
• Annually perform Underwriting Review in partnership with Sompo on large accounts.
• Build professional relationships by communicating frequently and clearly to customers to meet mutual objectives.
• Maintain knowledge on how to perform standard renewal underwriting process, continuation certificate issuance process, and issuing riders.
• Develop underwriting standards and improve processes for renewal underwriting, continuation certificate and rider issuance.
• Oversee surety bond claims processing and continually educate customers on impact of claims.
• Work collaboratively with Account Managers on renewal and onboarding of platinum and/or large clients.
• Perform other duties and complete other projects as assigned.

What’s more?

• VGM Group, Inc. is 100% employee owned.
• Click to view more about VGM!

Reporting Accountability

• VP of Carrier Relations and Program Development within VGM Insurance

Working Location

• On-site in Waterloo, Iowa

Working Hours

• Full-Time, 40+ hours per week, 8am-5pm CST Monday-Friday with additional hours as needed to meet business need and job requirements

Education And Experience

• Minimum of 2 years’ experience in property and casualty insurance industry
• Minimum of 2 years' experience building business relationships with customers and clients, in a corporate office setting
• Experience in evaluating risks submitted to determine eligibility, profitability and desirability to determine acceptance or rejection in accordance with established guidelines
• Proven success in a surety underwriting or commercial underwriting role
• Commercial Insurance License – if not currently licensed, or license has expired upon employment, candidate is required to obtain license and pass all applicable exams.
• Bachelor’s degree in business related field, or equivalent education and/or experience
• Knowledge and experience in insurance and surety bonds including coverages, rating, terminology and technical procedures

Skills And Competencies

• Excellent verbal and written communication and interpersonal skills
• Proven attention to detail, follow-through skills, and problem-solving skills
• Strong organizational and time management skills to prioritize heavy workloads to meet time sensitive deadlines
• Self-starter with desire to grow surety bond portfolio through collaboration on new leads with sales team
• Work independently in a paperless environment
• Detail-oriented with the ability to manage and prioritize multiple tasks at once
• Ensures that all regulatory, compliance and transparency requirements are met and complies with all internal policies and procedures
• Proven ability to maintain strong business relationships and communicate effectively with others

Physical Requirements

• Working in front of and using technology efficiently such as computers, phones, misc. office equipment for long amounts of time per day
• Occasional travel to VGM offices for meetings/training etc. if working remote/hybrid
• Operation of office equipment and using technology efficiently such as computers, phones, misc. office equipment for hours per day
• Visual abilities include reading, distance vision and peripheral vision
• Moving throughout the VGM facilities when needed